- Mistango River Resources (MIS) has agreed to purchase a 100 per cent interest in the Goldie Project from a private vendor for 2.4 million shares
- Historical work on the property has confirmed significant gold mineralized zones
- Goldie covers a 17km of strike on the Shebandowan Structural Zone, home to gold deposits belonging to Goldshore Resources and Delta Resources
- Mistango is planning and permitting a diamond drilling program
- Mistango is a Canadian-based exploration and development company focused on its Kirkland Lake West and Omega projects
- Mistango River Resources Inc. (MIS) opened trading at C$0.075
Mistango River Resources (MIS) has agreed to purchase the Goldie Project from a private vendor for 2.4 million shares.
Goldie straddles the Trans-Canada highway west of Thunder Bay.
Historical work on the property has confirmed significant gold mineralized zones. More than 4,000 meters of diamond drilling was completed on various programs dating back to 2006 and covered a gold-bearing structure with over 2km of strike.
Recent grab samples have identified an area of sub-crop, angular boulders returning grades of 24.9gpt and 31.3gpt 150m south of the last completed historical drill campaign.
Stephen Stewart, Mistango’s Chairman, commented on the acquisition.
“The structure of interest on the Goldie project is a shallow dipping flat laying zone that’s close to surface and has been drilled over a fairly broad strike length with a mineralized corridor being open in multiple directions. We plan to compile and model the current drill results, then look to expand quickly upon the mineralized interpretation with a drill program in 2022.”
Goldie covers a 17km of strike on the Shebandowan Structural Zone, which also hosts Goldshore Resources Inc’s (TSXV: GSHR) Moss Lake gold deposit. Goldie is also adjacent to Delta Resources Limited (TSXV: DLTA) Delta 1 Gold Property.
Mistango is planning and permitting a diamond drilling program to extend the known mineralization along with other untested geophysical anomalies.
Mistango is a Canadian-based exploration and development company focused on its Kirkland Lake West and Omega projects in the Kirkland Lake District of Ontario’s Abitibi Greenstone Belt.
Mistango River Resources Inc. (MIS) opened trading at C$0.075.