Toronto, Ontario – September 13, 2022 – Mistango River Resources Inc. ("Mistango" or the "Company") (MIS: CSE) is pleased to announce that it has agreed to purchase a 100% interest in the Goldie Project (“Goldie”) from a private arm's length company. Goldie straddles the Trans-Canada highway, 50KM west of Thunder Bay and is accessed by forestry roads.
Historical work on the property has demonstrated that significant gold mineralized zones exist within the property. 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.
"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," said Stephen Stewart, Mistango's Chairman.
Goldie is within the Shebandowan Greenstone Belt and covers a 17km of strike on the Shebandowan Structural Zone which also hosts Goldshore Resources Inc's (GSHR:TSXV) low-grade high-tonnage Moss Lake gold deposit , 50 km to the west. Goldie is also adjacent to Delta Resources Limited (DLTA:YSXV) Delta 1 Gold Property.
Click Here for Map of Goldie Gold Project
Near Term Drilling Plans for Goldie
Mistango is planning and permitting a diamond drilling program to extend the known mineralization along with other untested geophysical anomalies. Further details on this drill program will follow with the program expected to begin fall, with its completion of the program before the end of the year.
Initial drilling at Goldie in 2007 demonstrated a robust gold zone on the property. This non-outcropping, near-surface discovery extends across the property and appears to have hundreds of meters of strike based on IP data. Additionally, the depth potential is untested since all the drilling has only tested the property to approximately 120 metres of true vertical depth. (click here to see results)