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

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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.

Regarding the recently announced joint venture agreement between Bear Lake Gold Ltd. (TSXV: BLG) and Gold Fields Limited (NYSE: GFI), one of the world’s largest gold producers, CEO Kasner added, “Of course we’re thrilled to see the attention that this major gold mining company has taken in the property that curves around the historic Omega mine site area on three sides. We are not surprised that the Cadillac/Larder Lake fault system would be singled out by them; their nearby presence adds confidence, another level of credibility really, to what we’re seeing at Omega.”

Assays are pending for the remaining eleven holes in the 2012 Omega Gold Project’s drill program.

Hole # Section 
From (m) To (m) Interval (m)  Au (g/t)

Zone
Remarks
OM-12-70  500W 30.0  84.0  54.0  0.997  1-2   Open Pit




 including 30.0  40.0  10.0  2.421 
 including 34.0  40.0  6.0  3.257 
 including 75.0  79.0  4.0  2.870 
 including 75.0  77.0  2.0  4.595 
OM-12-71  600W 391.0  393.0  2.0  1.575 


 and 405.0  413.0  8.0  1.350  1-2 
 including 405.0  408.0  3.0  2.203 
OM-12-72 550W 15.0  74.0  59.0  1.177 






 including 17.0 51.0  34.0  1.834  17   Open Pit
 including 17.0  24.0  7.0  3.207 
 including 34.0  39.0  4.0  3.042 
 and 66.0  74.0  8.0  0.733 
 and 182.0  189.0  7.0  0.911 
 and 202.0  208.0  6.0  2.628 
OM-12-73  550W No Significant Values  Exploration
OM12-74  500W No Significant Values  Exploration
OM-12-75  500W No Significant Values  Exploration
OM-12-76  600W  142.0  236.0  94.0  0.946  17  Open Pit








 including  173.0  191.0  18.0  1.360
 including  176.0  180.0  4.0  2.898
 including  177.0  179.0  2.0  4.675
 including  230.0  234.0  4.0  3.373
 including  230.0  236.0  6.0  2.693
 and  268.0  279.0  11.0  0.809
 and  300.0  303.0  3.0  2.203
 and  314.0  319.0  5.0  1.556
OM-12-77  550W  239.0  246.0  7.0  1.014  17


 and  352.0  354.0  2.0  1.315
 and  362.0  365.0  3.0  1.750
OM-12-78  450W  65.0  66.0  1.0  2.170  






 and  81.0  82.0  1.0  2.270
 and  89.0  94.0  5.0  1.588
 including  89.0  90.0  1.0  5.92  17
 and  409.0  411.0  11.0  1.640
OM-12-79  400W  259.0  262.0  3.0  1.667  4

QA/QC was followed in sampling the core. The core is sawed in half for sampling. Standards, blanks and duplicates were inserted into the stream of core samples every 20 metres. The core was assayed at Swastika Laboratories Ltd at Swastika, Ontario, using 30 gram samples. The core samples were analyzed using the fire assay method and AA finish.

Fred Sharpley, P.Geo, is the Qualified Person, as defined by NI 43-101, for the Omega Property and he has reviewed and approved the technical information presented in this news release.

 

This news release contains certain “forward-looking information”. All statements, other than statements of historical fact that address activities, events or developments that Mistango believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of Mistango based on information currently available to Mistango. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Mistango to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Mistango. Factors that would cause actual results or events to differ materially from current expectations include, but are not limited to, Mistango’s decision to cancel its exploration program on its Omega gold property.

For further information please contact:

Mistango River Resources Inc.

Robert J. Kasner
President & CEO 
Telephone: 705-568-7540 
E-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it.

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.

CHF Investor Relations

Cathy Hume 
CEO 
Telephone: 416-868-1079 x231 
E-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it.

The CNSX has not reviewed and does not accept responsibility for the adequacy of this release.