| Announcement Date: | 2023-03-08 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Mistango River Resources Inc. |
| Project name: | Goldie |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 14m at 2.02g/t Au from 153m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Toronto, Ontario – March 08, 2023 – Mistango River Resources Inc. (CSE: MIS) (“Mistango” or the “Company”) is pleased to announce that it has discovered a near-surface high-grade gold zone over 1 km in strike length at the Goldie Project. This drill program tested the northern border of a high-grade gold zone recently discovered by Delta Resources adjacent to Delta-1 Project. Mistango’s Goldie drill program completed seventeen holes over 2,780 metres, combining RC and diamond drilling. All assays for the diamond drilling are still pending, with visible gold observed in one of the diamond drill holes. This new discovery zone on Goldie lies immediately on strike to the east of Delta 1’s project, which has been defining similar mineralization. This structure is a shallow, flat-lying gold-bearing system with continuous gold. This style of mineralization is amenable to bulk tonnage operations. This view extends beyond what Mistango and Delta are currently focussed on as this broader Shebandowan Greenstone Belt has demonstrated similar structures throughout. Between these two projects, and others in the area, it’s clear that the Shebandowan Greenstone Belt is an interesting and emerging gold district. |
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