Mistango to Begin Drilling on Kirkland West Project November 3rd

Toronto, Ontario – October 16, 2020 – Mistango River Resources Inc. (“Mistango” or the “Company”) (MIS:CSE) is pleased to announce that its planned phase one 10,000-metres diamond drilling campaign on its 100% owned Kirkland West Project, in Kirkland Lake, Ontario is expected to begin on November 3rd, 2020.

 

“We are pleased to announce the commencement of our first phase of our drilling on our Kirkland West Project. Those who have followed Mistango understand that it has been remarkable journey and a cumulative effort by our team, both technically and corporately, to get to this stage.

 

Mistango is now funded with $7 million cash and two well situated projects in the Kirkland Lake camp. We are committed to deploying this capital effectively in our attempts to make a new discovery in the Kirkland Lake,” said Stephen Stewart, Mistango’s Director.

 

Drilling Program at the Baldwin Zone

 

The focus of the upcoming drilling campaign at the Kirkland West Project will be the Baldwin Zone, which shares a similar geological context with the Kirkland Lake mining camp. The Baldwin Zone likely hosts extensions of the gold-bearing Main Break fault and subsidiary structures, as well as the regionally important Larder-Cadillac Fault Zone. Target areas for the drill program have been identified based on the completed geological and structural interpretation. These include the historical Baldwin Mine and surrounding areas as well as several complex structural domains, each of which are located on or associated with fault systems similar to those that host much of the gold endowment of the Kirkland Lake Camp.

 

A total of 10,000 metres of diamond drilling has been planned to explore the identified target areas. An Ontario-based diamond drill contractor has been engaged and the first drill holes will be in the vicinity of the Baldwin Mine, where historical production resulted on gold grades of about 15 g/t.

 

About the Kirkland West Project

 

The Kirkland West Project is adjacent to Kirkland Lake Gold’s (KL:TSX) Macassa Mine and includes two main zones, the Baldwin Zone and the Eby Zone that are distinguished by different geological settings. The Baldwin Zone includes land holdings in western Teck township as well as in Grenfell and Eby townships. The Baldwin Zone shares a similar geological context with the Kirkland Lake mining camp. The Eby Zone is 3KM to the southwest within Eby township and is likely to feature a somewhat different although a highly prospective geological setting.