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Home > News > Mistango ready to start...

Mistango ready to start drilling at Goldie Property near Thunder Bay

Sep 5, 2023


Mistango River Resources Inc. has received its drill permit and is ready to commence its 4,000 meters drill program at its Goldie Project, 50 kilometers west of Thunder Bay, and adjacent to Delta Resources' recent Delta-1 Gold discovery.

Key Highlights of the Drill Program:

  • Drilling Adcacent Delta Resources' Delta-1 Discovery
  • Permitted and Fully Funded: Mistango is fully funded and has obtained the permits to begin drilling immediately. 
  • Drillhole Details:
    • The program involves approximately ten holes, totaling 4,000 meters.
    • 3-4 holes will focus on low mag anomalies linked to north-dipping Delta-1 mineralization.
    • Approximately four holes to target high-grade, near-surface gold zone spanning 1km, discovered in 2022 and 2023 explorations for enhanced mineralization understanding.
    • 2-3 holes designated for IP and mag targets identified from promising areas' lineament study.

Mistango has secured all necessary permits. A milestone eagerly awaited prior to initiating drilling operations. The Company's has delineated drill targets along a kilometer-long zone of gold mineralization that extends north, south, and along the strike, indicating promising high-priority drill targets. 

Mistango is fully funded for the upcoming program, solidifying the Company's commitment to drill and ensuring the smooth execution of its exploration plans.

The forthcoming drilling campaign, set to commence in September, aims to drill approximately 4,000 meters across 7 to 12 drill collar locations. The target chosen and approach taken is guided by a robust geological rationale aided by Delta Resources' recent results, a comprehensive data compilation process of the district, and the Company's airborne geophysical survey conducted earlier in the summer. 

About the Goldie Gold Project

Goldie is within the Shebandowan Greenstone Belt, which also hosts Goldshore Resources Inc.'s (TSXV: GSHR) low-grade, high-tonnage Moss Lake gold deposit, 50 km to the west. Goldie is also adjacent to Delta Resources Limited (TSXV: DLTA) Delta 1 Gold Property.

Program defined gold mineralization over 1km of strike, with each of the four infill holes returning significant gold intercepts along the same plane. In May 2023, Mistango expanded its current land package by 350 claim units over 7,447 hectares and extended the Goldie Project to 89 square kilometers along the Shebandwan Greenstone Trend. 

 



Tags: Northern Ontario / Exploration / Gold / All Articles