Press Releases 2012

MIS Receives HM Claim Royalty Consideration

MISTANGO RECEIVES HM CLAIM ROYALTY CONSIDERATION

Kirkland Lake, Ontario: September 30, 2013: Mistango River Resources Inc. (CNSX: MIS) (“Mistango”) announced today that, further to its press releases dated September 3, 19 and 26, 2013, $1,250,000 CDN and 100,000 common shares (the “Consideration”) of Premier Royalty Inc. (“Premier”) have been released from escrow to Mistango. The Consideration was paid to Mistango by Premier in connection with the sale of Mistango’s 2% net smelter return royalty on Kirkland Lake Gold Inc.’s HM Property to Premier.

For further information please contact:

Mistango River Resources Inc.
Robert J. Kasner, President and CEO
Telephone: 1 705 567 5351
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Mistango River Resources Inc.
Donald Kasner, Investor Relations
Telephone 705-570-1019
E-mail:This email address is being protected from spambots. You need JavaScript enabled to view it.

MIS To Sell Kirkland HM Claim Royalty

Mistango River Resources Inc. (CNSX: MIS) (“Mistango”) announced today that it has entered into a royalty purchase agreement (the “Agreement”) with Premier Royalty Inc. (“Premier”), an arm’s length third party, to sell Mistango’s 2% net smelter return royalty (the “Royalty”) on Kirkland Lake Gold Inc.’s (“Kirkland”) HM Property (the “Property”), located in Kirkland Lake, Ontario. Pursuant to the Agreement, and subject to its terms and conditions, Mistango will sell the Royalty to Premier in consideration for a cash payment of $1,250,000 CDN and the issuance to Mistango of 100,000 common shares of Premier (the “Consideration Shares”), subject to applicable regulatory approval.

Conditions to closing include conditions typical for a transaction of this type, such as completion of legal due diligence and receipt of regulatory approvals, as well as a condition that registration of the Property in Kirkland’s name be confirmed. Additionally, in the event Premier is acquired by Sandstorm Gold Ltd. (“Sandstorm”) prior to closing of the sale of the Royalty, closing is conditional on Sandstorm agreeing to issue common shares of Sandstorm to Mistango in lieu of the Consideration Shares.

Mistango (formerly GLR Resources Inc.) acquired the Royalty in connection with the sale of the Property in 2009 to Queenston Mining Inc. and Kirkland Lake Gold Inc. Closing of the transaction is expected to occur on September 19, 2013.

Read more: MIS To Sell Kirkland HM Claim Royalty

Sale Of HM Property To Close Sept 26

Kirkland Lake, Ontario: Mistango River Resources Inc. (CNSX: MIS) (“Mistango”) announced today that, further to its press release dated September 3, 2013 announcing that it had entered into a royalty purchase agreement (the “Agreement”) with Premier Royalty Inc. to sell Mistango’s 2% net smelter return royalty on Kirkland Lake Gold Inc.’s HM Property (the “Royalty”), closing of the transaction is now expected to occur on September 26, 2013.

Read more: Sale Of HM Property To Close Sept 26

Updated Resource Estimate On Omega Project

MISTANGO ANNOUNCES UPDATED RESOURCE ESTIMATE ON OMEGA PROJECT LARDER LAKE, ONTARIO

Mistango River Resources Inc., (CNSX, MIS) is announcing that it has received an updated inferred and indicated National Instrument 43-101 compliant Mineral Resource estimate on its 100% owned Omega Project from AMC Mining Consultants (Canada) Ltd. In the potential open pit area the inferred+indicated resource tonnes have been increased by 117% and contained ounces of gold by 34%. The global inferred+indicated resource tonnes have been increased by 92% and the global contained gold ounces by 24%.
A summary of the results of the estimated Mineral Resource at cut-offs of 0.5 g/t Au for mineralization above an elevation of 130 m above sea level (masl), representing open-pit potential and for a cut-off of 3 g/t Au below 130 masl, representing underground potential are shown in the Table below. Note that 130 masl approximately corresponds to 170 m vertical depth in areas proximal to main mineralization zones.

Summary of Mineral Resources as at 10 May 2013

Cutt Off Grade

Classification

Tonnes
(Mt)

AU
(g/t)

Contained
AU Ounces

0.5 g/t Au above 130 masl

Indicated

4.920

1.39

219,438

3 g/t Au below 130 masl

Indicated

0.003

3.19

370

Total
Indicated


219,808

0.5 g/t Au above 130 masl

Inferred

3.350

1.80

190,900

3 g/t Au below 130 masl

Inferred

1.340

4.00

174,500

Total
Inferred


365,400

 Note: A constant bulk density of 2.8 t/m3 has been used.

Read more: Updated Resource Estimate On Omega Project

MIS Announces Final Infill Drill Results at Omega

MISTANGO ANNOUNCES FINAL INFILL DRILLING RESULTS AT OMEGA

Mistango River Resources Inc. (MIS: CNSX) (GLRAF: OTC) wishes to announce results from the last eight infill definition drill holes completed in the potential open pit area of the Omega Gold Deposit. The current drilling is part of a recently completed and reported on fourteen drill hole program implemented by AMC Mining Consultants to upgrade the existing potential open pit resource from the inferred to the indicated category. Current potential pit inferred resources are estimated at 3.8 million tonnes, containing 306,100 ounces gold grading 2.5 g/t Au. Current global inferred resources stand at 5.0 million tonnes, containing 472,100 ounces gold grading 2.93 g/t Au.

Drilling Highlights

OM-13-110    1.72 g/t gold over 19 meters (including 1 meter of 10.75 g/t gold)

OM-13-112    1.46 g/t gold over 15 meters (including 1 meter of 3.68 g/t gold and 1 m of 3.4 d/t gold)

Omega Property composite table as of May 22, 2013

Read more: MIS Announces Final Infill Drill Results at Omega

MIS Completes Infill Drilling - Existing Resource

MISTANGO COMPLETES INFILL DRILLING PROGRAM AIMED AT UPGRADING EXISTING RESOURCE

Kirkland Lake, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) today announced the latest results of the last two deep down plunge extension holes drilled on the Omega Deposit and five infill holes in the potential open pit area. The five infill holes are part of the already completed ( pending partial assays) 14 DDH, planned by AMC Mining Consultants in order to upgrade the existing potential open pit resource of 3.8 million tonnes, containing 306,100 Oz Au at 2.5 g/t Au, into the indicated category. The total inferred resource of the potential open pit and the down dip extension below contains 5 million tonnes, totaling 472,100 ounces of gold.

Drilling Highlights

  • OM-13-107 3.495 g/t gold over 32 metres (including 2 metres of 17.225 g/t gold)
  • OM-13-109 1.763 g/t gold over 57 metres (including 19 metres of 2.656 g/t gold and 5 m of 3.522 g/t gold)

Read more: MIS Completes Infill Drilling - Existing Resource

MIS Provides Progress Update

MISTANGO PROVIDES PROGRESS UPDATE

Kirkland Lake, Ontario, February 28, 2013, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) Since the press release of January 9, 2013 the company has completed  13 holes in the area of the potential open pit. Mistango is pleased to report that a new drill rig has been able to penetrate through various drifts and stopes and recover core where previous attempts have failed.  It is believed that this new drilling should increase the size of the resource and upgrade the inferred resource of 3.8 million tonnes of 2.50 g/t to indicated.  The inferred resources below the potential open pit contain 1.2 million tonnes of 4.33 g/t totaling 166,000 ounces of gold. The total inferred resource of the potential open pit and below contains 472,100 ounces of gold. Return on assays has been slow mainly due to mechanical problems with the core cutting facilities.  Drilling is ongoing and the present program is expected to be completed by late March, 2013.

Read more: MIS Provides Progress Update

MIS Resumes Drilling At Omega

MISTANGO RESUMES DRILLING AT OMEGA

Kirkland Lake, Ontario, January 9, 2013, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) Mistango Resources is pleased to announce that drilling has resumed at its 100% wholly owned Omega Mine property located in Larder Lake Ontario.

Further drilling will now concentrate in the area of the potential open pit, as recommended in the recently completed 43-101 resource estimate, which contains an Inferred Resource of 3.8 million tonnes of 2.50 g/t totaling 306,100 ounces of gold. AMC Consultants Ltd recommends an additional 1800 m of infill drilling needed to close apparent gaps in the 50 x 50 grid and possibly update the confidence level of the deposit from Inferred to Indicated. More holes need to be drilled to further outline and increase the Inferred Resource below the potential open pit which contains 1.2 million tonnes of 4.33 g/t containing 166,000 ounces of gold.”

Read more: MIS Resumes Drilling At Omega

Mistango Completes Deep Lake Claim Drilling Program

MISTANGO COMPLETES DEEP AND LAKE CLAIM DRILLING PROGRAM

Kirkland Lake, Ontario, December 20 2012, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) today announced the latest results of the three deep, down plunge extension holes drilled on the Omega Deposit and six holes drilled on the Lake Zone of its 100%-Owned Omega Gold Mine Property in Ontario’s Larder Lake area.

Drilling Highlights

  • OM-12-99 3.579 g/t gold over 7 metres (including 2 metres of 5.470 g/t gold)
  • LZ- 12-04 2.105 g/t gold over 4.9 metres (including 1 metre of 6.320 g/t gold)

Read more: Mistango Completes Deep Lake Claim Drilling Program

MIS Announces Initial Resource Estimate On Omega

MISTANGO ANNOUNCES INITIAL RESOURCE ESTIMATE ON OMEGA MINE PROJECT

Kirkland Lake, Ontario, Mistango is pleased to report it has completed a National Instrument 43-101 resource estimate on the 100% owned Omega Project. The report was authored by AMC Mining Consultants (Canada) Ltd. (AMC) of Toronto, Ontario in accordance with the requirements of National Instrument 43-101 and describes the initial Mineral Resource estimate on the Omega Property.

The Inferred Mineral Resource estimate, at cut-offs of 0.5 g/t Au for mineralization above an elevation of 130 m above sea level (masl), representing open-pit potential and for a cut-off of 3 g/t Au below 130 masl, representing underground potential is set out in the table below. Note that 130 masl approximately corresponds to 170 m vertical depth in areas proximal to main mineralization zones.

Read more: MIS Announces Initial Resource Estimate On Omega

Mistango Signs A Memorandum Of Understanding

September 20, 2012 Kirkland Lake Ontario Mistango River Resources Inc. (MIS:CNSX) (GLRAF:OTC) (“MIS” or the “Company”) is pleased to announce it has signed a Memorandum of Understanding (MOU) with United Commodity AG (UC) of Thun of Switzerland regarding reprocessing of the tailings from the former Omega mine situated on the Company’s property located in Larder lake Ontario.

Details of the MOU are summarized below.

  1. Mistango provides the feed and UC and /or UC-R makes the feed processing
  2. If it makes economically sense, UC will install in 2012 on its own costs a Concentrator Facility on Mistango’s mining property with the purpose to concentrate the feeds before shipment to UC’S refinery. UC will extract all remaining heavy and noble metals +neutralize contaminated concentrates.
  3. Mistango provides an exclusive feed recycling right to UC until the processing of the tailings is completed.
  4. The two parties agree a profit (revenue minus processing costs) sharing.
  5. UC is responsible for all permits and any new environmental liabilities that should occur because of UC’s tailings recycling operation.

Read more: Mistango Signs A Memorandum Of Understanding

More Results From Omega's Latest Drill Program

MISTANGO RIVER RESOURCES ANNOUNCES MORE RESULTS FROM OMEGA’S LATEST DRILL PROGRAM IN THE OPEN PIT AREA

Kirkland Lake, Ontario, August 22, 2012, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) today announced the results of six holes drilled on the Omega Gold project. Mistango had completed the drilling of all holes in the open pit area as mentioned in the news release dated August 7, 2012, however, on review the Company decided to drill an additional six holes to better define particular areas.
Highlights of the drilling include:

  • OM-12-92: 2.419 g/t Au over 19.5m
  • OM-12-93: 1.494 g/t Au over 55m

These and other significant assay results are listed in the table below:

Read more: More Results From Omega's Latest Drill Program

Mistango Announces More Results From Omega

MISTANGO RIVER RESOURCES ANNOUNCES MORE RESULTS
FROM OMEGA’S LATEST DRILL PROGRAM IN THE OPEN PIT AREA

Kirkland Lake, Ontario August 7, 2012 Mistango River Resources Inc. (“Mistango”)(CNSX: MIS, OTC: GLRAF) today announces the final ten drill hole results from the 11,515 m drill program at Omega. This completes the drill program at the open pit area of the Omega Project.
HIGHLIGHTS:

  • OM-12-80 1.113 g/t Au over 15m and 16m of 0.959 g/t Au and 17m of 1.248 g/t Au
  • OM-12-81 1.259 g/t Au over 10m and 12m of 3.808 g/t Au
  • OM-12-84 1.060 g/t Au over 28m and 10m of 2.408 g/t Au
  • OM-12-88 0.810 g/t Au over 44 m

Read more: Mistango Announces More Results From Omega

99% Overall Gold Recoveries From Tests At Omega

MISTANGO REPORTS 99% OVERALL GOLD RECOVERIES FROM TESTS AT OMEGA 

Kirkland Lake, Mistango River Resources Inc. (MIS : CNSX) (GLRAF : OTC) today announced the results of recent metallurgical testing carried out by SGS Mineral Services for the Omega Gold Project.
Ore characterization was conducted on a 17 kilogram sample taken from drill core, showing a composite head grade of 3.58 g/t gold. Gravity, whole ore leach, and flotation tests were compared with gravity-flotation. Gravity recoveries were about 3%, whole ore leach up to 86% and the gravity flotation test indicated overall 99% recovery. All three gravity flotation tests demonstrated that results were not influenced much by grind size.

Read more: 99% Overall Gold Recoveries From Tests At Omega

MIS Resumes Drilling at Omega Mine Project

Kirkland Lake, Mistango River Resources Inc. (“Mistango” or the “Company”) (MIS: CNSX) (GLRAF: OTC) today announced it has completed its $2.5 million private placement with Queenston Mining Inc. (TSX: QMI); the Company has resumed drilling at its 100% owned Omega Mine Property located at Larder Lake, Ontario. Drilling has begun with one drill while a second drill is expected to arrive within a couple of weeks. The present drill program consists of 24 holes, approximately 11,515 metres, designed to complete the recommended infilling drilling around the potential open pit area so that a NI 43-101 resource estimate can proceed as well as the drilling of the down-plunge extensions of the Omega deposit and the Lake zone.

Read more: MIS Resumes Drilling at Omega Mine Project

MIS & Queenston Private Placement Financing Closed

Mistango Closes Non-Brokered Private Placement With Queenston Mining

Kirkland Lake, Mistango River ResourcesInc.(CNSX: MIS) (“Mistango”) reports that it has closed the previously announced non-brokered private placement with Queenston Mining Inc. (“Queenston”), pursuant to which it has issued 10,500,000 units of securities of Mistango of which 8,000,000 such units were issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) (each, a “FT Unit”) at a price of $0.25 per FT Unit, with the remaining 2,500,000 units of securities (each a “Unit”) sold at a price of $0.20 each for aggregate gross proceeds of $2,500,000 (the “Offering”). Each FT Unit and Unit comprises one Mistango Class A Voting Common Share (each a “Common Share”) and one-half of one warrant (each whole warrant, a “Warrant”), with each Warrant exercisable to acquire one Common Share at a price of $0.35 for a period of two years after issuance of the Warrant, subject to acceleration in the event the closing price of the Common Shares on the CNSX equals or exceeds $0.50 for a period of ten consecutive trading days.

Read more: MIS & Queenston Private Placement Financing Closed

MIS - Private Placement Financing w/ Queenston Mining

Kirkland Lake, Ontario:Mistango River Resources Inc. (CNSX: MIS) (“Mistango”) today announced a proposed non-brokered private placement with Queenston Mining Inc. (“Queenston”), of 10,500,000 units of securities of Mistango of which 8,000,000 such units will be issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) (each, a “FT Unit”) at a price of $0.25 per FT Unit and the remaining 2,500,000 units of securities (each a “Unit”) will be sold at a price of $0.20 per Unit for aggregate gross proceeds of $2,500,000 (the “Offering”). Each FT Unit and Unit comprises one Mistango Class A voting common share (each a “Common Share”) and one-half of one warrant (each whole warrant, a “Warrant”), with each Warrant exercisable to acquire one Common Share at a price of $0.35 per Common nShare for a period of two years after issuance of the Warrant, subject to acceleration in the event the closing price of the Common Shares on the CNSX equals or exceeds $0.50 for a period of ten consecutive trading days.

Read more: MIS - Private Placement Financing w/ Queenston Mining

MIS Drills 94m of 0.946 g/t Gold at Omega

Kirkland Lake, Ontario, April 30, 2012: Mistango River Resources Inc. (“Mistango” or the “Company”) (MIS: CNSX) (GLRAF: OTC) today announced more diamond drill results from ten holes from this year’s drilling at its 100%-owned Omega Gold Project, located in the Kirkland Lake mining district of Ontario on the Cadillac fault system.

Drill Intercept Highlights:

  • OM-12-76: 0.946 g/t gold over 94 metres (including 18 metres of 1.360 g/t gold)
  • OM-12-72: 1.177 g/t gold over 59 metres (including 34 metres of 1.834 g/t gold)
  • OM-12-70: 0.997 g/t gold over 54 metres (including 10 metres of 2.421 g/t gold)

“The wide widths of gold mineralization we’ve intersected this year in the potential open pit area are very encouraging since they are certain to add resources there to the deposit’s geological model. We have now completed 90 holes and the last eleven holes all are in the potential open pit area. Once those assays have been received we will proceed to a 43-101 resource estimate,” commented Robert Kasner, President and CEO of Mistango.

Earlier results from 2012 drilling, that continued the 2011 campaign, were reported in a news release on March 2, 2012.

Read more: MIS Drills 94m of 0.946 g/t Gold at Omega

MIS Adds Market Liquidity Program Through CHF

Market Liquidity Program

Kirkland Lake, Ontario, April 30, 2012: Mistango River Resources Inc. (“Mistango” or the “Company”) (MIS: CNSX) (GLRAF: OTC) today announced an addition to the previous agreement with CHF Investor Relations.

Under the Company’s investor relations services agreement with CHF Investor Relations, previously announced on March 1, 2012, an additional market-making service has been added, CHF’s Market Liquidity Program. The market-making activity will be conducted using a registered broker in compliance IIROC's Universal Market Integrity Rules & Policies (2010) and other relevant policies, so that trading orders in Mistango's shares are made to manage share price volatility and imbalances of orders in order to improve trading liquidity on the CNSX exchange. All other terms under the IR services agreement, including monthly fees, remain unchanged.

Read more: MIS Adds Market Liquidity Program Through CHF

MIS Drills 12 Metres of 2.687 g/t Gold at Omega Project

Kirkland Lake, Ontario, March 2, 2012: Mistango River Resources Inc. (“Mistango” or the “Company”) (MIS: CNSX) (GLRAF: OTC) today announced the latest drill results from its 100%-owned Omega Gold Mine property in Ontario’s Larder Lake area.

Drilling Highlights

  • OM-12-67: 1.787 g/t gold over 16 metres (including 2 metres of 5.84 g/t gold)
  • OM-12-69: 2.687 g/t gold over 12 metres (including 8 metres of 3.706 g/t gold)
  • OM-12-70: 0.997 g/t gold over 54 metres (including 10 metres of 2.421 g/t gold: Open Pit)

Read more: MIS Drills 12 Metres of 2.687 g/t Gold at Omega Project

Mistango Engages CHF Investor Relations - PDAC 2012

Kirkland Lake, Ontario, March 1, 2012: Mistango River Resources Inc. (“Mistango” or the “Company”) (MIS:CNSX)(GLRAF:OTC) today announced that it has engaged CHF Investor Relations, a highly regarded Canadian investor relations firm headquartered in Toronto, as its IR partner. 
“It is with great enthusiasm that the Company announces the launch of a new comprehensive investor awareness campaign. We are eager to share Mistango River’s story with a broader audience. CHF was selected to provide a solid broker outreach program and ongoing investor relations support that will showcase the Company’s resource potential and investment opportunity,” commented Robert Kasner, President and CEO of Mistango.

Read more: Mistango Engages CHF Investor Relations - PDAC 2012

Mistango Vice President Leaves

MISTANGO VP LEAVES

Kirkland Lake, Ontario, February 09, 2012: Mistango River Resources Inc. (MIS:CNSX)(GLRAF:OTC)  announces  the termination  of  David Duranovich ‘s agreement as Vice President of the Company 

David Duranovich recently appointed VP  has left Mistango to take on a position with another firm. We are disappointed  that David is leaving but understand his position. The parting is amicable and David will continue to assist Mistango whenever possible.
 

Read more: Mistango Vice President Leaves

MIS Updates Omega Drill Result Updates: MIS23-01-2012

(KIRKLAND LAKE, ONTARIO): Mistango River Resources Inc. (CNSX: MIS) (GLRAF: OTC) (the “Company”)

Drilling Highlights

Open pit area

  • OM-11-63   2.66 g/t gold over 24 metres   (including 13.44 g/t over 4 metres)
  • OM-11-57   this hole includes a wide zone of gold mineralization within an envelope of 32 metres but includes three void stopes within the area of an open pit (composites in table below).

Read more: MIS Updates Omega Drill Result Updates: MIS23-01-2012

Mistango Appoints New VP

MISTANGO APPOINTS NEW VP

Kirkland Lake, Ontario, January 18, 2012: Mistango River Resources Inc. (MIS:CNSX)(GLRAF:OTC)  announces the appointment  of  David Duranovich as Vice President of the Company.

We are pleased to have David join Mistango as V.P., David brings with him 17 years of experience in the financial services industry where he has cultivated excellent relationships with institutional and retail investors.  David has a BA from Carleton University and attended Whittier College of Law.

Commenting on David’s appointment as VP of Mistango;  Robert Kasner,  President and CEO of Mistango. “I look forward to working with David in getting  Mistango better known within the Institutional community and building a larger retail following”.

Read more: Mistango Appoints New VP

MIS Releases More Drill Results & Outlook For 2012

Mistango River Resources Inc. (CNSX: MIS) (GLRAF: OTC) (the “Company”) is pleased to report the following drill results on their 100% owned Omega Mine Property and exploration outlook for 2012

Drilling Highlights

  • Hole OM-11-53   from 492 m to 499 m   4.889 g/t Au over 7 metres (including 7.730 g/t au over 4 m)
  • Hole OM-11-64   from 697 m to 709 m   1.845 g/t Au over 12 metres (including 2.354 g/t Au over 7 m)

Read more: MIS Releases More Drill Results & Outlook For 2012

MIS Closes Non-Brokered Private Placement of Units

Kirkland Lake, Ontario: Mistango River Resources Inc. (CNSX: MIS) (GLRAF: OTC) (“Mistango”) reports that it has closed its previously announced non-brokered private placement pursuant to which it has issued 1,666,666 units of securities (each, a “Unit”) issued on a “flow-through” basis at a price of $0.30 per Unit for gross proceeds of $500,000 (the “Offering”). Each Unit comprised one Class A Voting Common Share of the Corporation and one-half of one Class A Voting Common Share purchase warrant of the Corporation (each such whole purchase warrant, a “Warrant”), with each Warrant being exercisable to acquire one Class A Voting Common Share (each, a “Warrant Share”) at an exercise price of $0.35 per Warrant Share for a period of two years after the Closing Date, subject to acceleration, at the option of the Company, in the event that the closing price of the Class A Voting Common Shares on the Canadian National Stock Exchange equals or exceeds $0.50 for a period of 10 consecutive trading days at any time after the date hereof.

Read more: MIS Closes Non-Brokered Private Placement of Units

Mistango Announces Private Placement Financing

Kirkland Lake, Ontario:  Mistango River Resources Inc. (CNSX: MIS) (GLRAF: OTC) (“Mistango”) is pleased to announce a proposed non-brokered private placement of up to 1,666,666 units of securities issued on a “flow-through” basis at a price of $0.30 per unit (each, a “Unit”) for gross proceeds of up to $500,000 (the “Offering”). Each Unit comprises one Class A Voting Common Share of the Corporation (“Common Share”) and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a “Warrant”), with each Warrant entitling the holder thereof to acquire one Common Share at a price of $0.35 per share at any time within 2 years after the issuance of the Warrant, subject to acceleration in the event that the closing price of the Common Shares on the Canadian National Stock Exchange equals or exceeds $0.50 for a period of 10 consecutive trading days after closing of the Offering. 

Read more: Mistango Announces Private Placement Financing

Sackville Exploration Update

(KIRKLAND LAKE, ONTARIO): Mistango River Resources Inc. (CNSX: MIS) (GLRAF: OTC) (the “Company”)

Mistango River Resources Inc. is pleased to report on the exploration progress on its Sackville property located near Thunder Bay, Ontario.

During the summer and fall Mistango carried out extensive geochemical soil and till sampling followed by a new I P (induced polarization) survey covering a gap between former IP surveys.

Mistango has now received all results of the geochem sampling and IP survey.

Read more: Sackville Exploration Update

MIS Drills 3 Meters of 30.06 G/T Gold at Omega Site

KIRKLAND LAKE, ONTARIO: Mistango River Resources Inc. (CNSX: MIS) (GLRAF: OTC) (the “Company”) is pleased to report the following drill results on their 100% owned Omega Mine Property
Drilling highlights

  • OM-11-40 On section 900W from 25 to 28 metres returned 30.06 g/t gold over 3 metres which includes 88.26 g/t Au over 1.0 metres in the open pit area
  • OM-11-41 On section 900W from 110.5 to 122.0 metres assayed 2.242 g/t Au over 11.5 metres in the open pit area.
  • OM-11-42 On section 950W from 93.0 to 98.0 metres assayed 3.516 g/t Au over 5.0 metres in the 1-2 zone
  • OM-11-44 On section 950W from 64.0 to 65.5 metres assayed 18.55 g/t Au over 1.5 metres and from 168.5 to 175.0 metres assayed 3.342 g/t Au over 6.5 metres.

Read more: MIS Drills 3 Meters of 30.06 G/T Gold at Omega Site