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Mining Stocks News: Mistango (CSE: MIS) Acquires Past Producing Estrades Polymetallic Mine

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Kirkland lake, Ontario - (Newsfile Corp. - May 5, 2014) ( newswire) Mistango River Resources Inc. (CSE: MIS) is pleased to announce that due to a recent action by the Quebec Ministere des Ressources naturelles, certain of the company's currently held mineral tenures have been enlarged in size and now cover most of a former Mining Lease resulting in Mistango now gaining mining claim status to the past producing "Estrades" Polymetallic Mine.

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The east-west trending and vertically dipping Estrades deposit is located approximately 95 kilometers north-east of the town of La Sarre Quebec along the highly prospective Casa Berardi Break which currently contains two Zn-Cu-Pb-Au-Ag bearing sulphide zones averaging >1-3 metres in thickness, of which, the main and central zones are now within the company's land holdings.

The Estrades deposit was discovered in 1985, with the main zone being developed by Breakwater Resources in 1990 to a vertical depth of 200 metres and the mining of 174,946 tonnes of ore grading 1.1% Cu, 13.0% Zn, 6.4 g/t Au and 172 g/t Ag took place.

In 2006, and independent NI-43-101 compliant resource estimate was completed on the Main Zone by Scott Wilson Roscoe Postle, and resources in the Central Zone were estimated in the course of a feasibility study completed in 2008 by GENIVAR.

Zone tonnes %Zn %Cu %Pb g/t Au g/t Ag
Main 560,672 10.3 0.7 0.9 5.2 174
Central 148,500 8.1 1.1 0.8 4.1 122
Total 709,172 9.80 0.8 0.9 5.0 163

The company is not relying on these historical estimates and is unaware of any additional work completed to date on the property, however, a qualified person has not done sufficient work to upgrade or verify this historical estimate as mineral reserves or mineral resources and as such the company is not treating the historical estimate as current mineral resources or mineral reserves.

Mistango now controls approximately 3,967 hectares and approximately 9 kilometers of the Casa Berardi Break corridor and is located approximately 22 kilometers east of Hecla's producing "Casa Berardi" underground gold mine.

The technical information contained in this release has been reviewed by Fred Sharpley P.Geo.

For further information please contact:

Robert J. Kasner, President & CEO
Telephone: 705-568-7540

Donald Kasner, Investor Relations
Telephone: 705-570-1019

More Info:

This news is published on the Newswire and its syndicated partner network

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