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Mistango Announces Initial Resource Estimate on Omega Mine Project

Posted by AGORACOM-JC at 9:51 AM on Monday, October 29th, 2012

October 29, 2012 Kirkland Lake, Ontario, Mistango is pleased to report it has completed a National Instrument 43-101 resource estimate on the 100% owned Omega Project. The report was authored by AMC Mining Consultants (Canada) Ltd. (AMC) of Toronto, Ontario in accordance with the requirements of National Instrument 43-101 and describes the initial Mineral Resource estimate on the Omega Property.

The Inferred Mineral Resource estimate, at cut-offs of 0.5 g/t Au for mineralization above an elevation of 130 m above sea level (masl), representing open-pit potential and for a cut-off of 3 g/t Au below 130 masl, representing underground potential is set out in the table below. Note that 130 masl approximately corresponds to 170 m vertical depth in areas proximal to main mineralization zones.

 ----------------------------------------------------------
 |Cut-off grade         |Tonnes   |Au (g/t)|Contained (Oz)|
 |--------------------------------------------------------|
 |0.5 g/t above 130 masl|3,800,000|2.50    |306,100       |
 |--------------------------------------------------------|
 |3 g/t below 130 masl  |1,200,000|4.33    |166,000       |
 |--------------------------------------------------------|
 |Total                 |5,000,000|2.93    |472,100       |
 ----------------------------------------------------------

Note: A constant bulk density of 2.89 t/m3 has been used.

-The Omega Gold Deposit resource estimate is based on 152 drill holes spread over 750 m of strike length. Out of the 152 drill holes, 96 are from the four phases of the ongoing 2011-2012 exploration program. The rest are from historical exploration in the 1980’s. All holes are located on an approximate 50 m X 50 m grid.

-The Omega Deposit is comprised of 13 sub-parallel mineralized horizons hosted mostly in highly altered and sheared tholeiites and in metasediments and tuffs close to surface. The mineralization is structurally controlled by thrust fault planes and cross faults. These 13 mineralized horizons comprise the historical 1, 2, 14 and 21 ore zones, which were mined in the old Omega Mine. The Omega Gold Deposit is associated with pyrite conforming to an alteration zone of albitite, sericite, carbonate and leucoxene and conformable to the stratigraphy situated along the Larder Lake Break. Structure is complex, with a series of thrust faults controlling the mineralization.

-The Omega Deposit is associated with Archean volcanics and adjacent to komatiites along the Larder Lake Break. Mineralization is of Timiskaming age.

Grade Estimation Method

-All wireframes in DXF format and drill hole files were imported into CAE Datamine.

-Individual zones were identified.

-Samples within each zone were composited to 1 m intervals.

Statistical and variogram analysis of the grades was carried out.

A block model with blocks 25 m wide in the X and Y directions and 2 m thick in the Y direction was prepared.

-Each individual zone was filled with blocks using sub-cells down to 5 m in the east and 1 m in the north and vertical directions.

-Block grades were estimated into each parent block within the zones and outside the zones using ordinary kriging.

-The blocks located within the areas of previous mining were removed from the resource estimate.

-The individual models were combined into one final model.

Samples

A total of 14,427 composites were available with 975 composite samples selected from within the zone wireframes and these were used for the variogram analysis and estimation of the blocks within the zones.

Bulk Density

An average density of 2.89 t/m3 has been used for this estimate.

True Width of Mineralization

The orientation of the drilling is in two primary directions, approximately perpendicular to the strike of the mineralized zone. Twenty holes have been drilled from the footwall side and have an azimuth of about 145°, within the remainder having an approximate azimuth of 325°.

Using TrueDip process in CAE Datamine® and averaging the results, it was found that there is only an approximately 5% reduction of the true width for the holes drilled from the hanging wall, which represents the majority of the holes drilled. For the holes drilled from the footwall there was 68% reduction from the apparent width.

Exploration Potential

There is significant exploration potential at the Project. Parts of the zones have not been sufficiently drilled to enable their continuity to be assessed. A number of drill holes failed to penetrate to the other side of the previously mined areas. These areas will need infill drilling.

There also remains down-plunge potential for many of the zones, along with their potential extension along strike.

Technical Report Comments

Robert Kasner, President and CEO of Mistango, comments,” I am very pleased with the resource estimate in the potential open pit area. We can now build on this to bring it into the indicated category by following the suggestions of AMC. Also, the resource below the pit is very encouraging.

We are presently completing several deep holes to confirm the mineralization continues to depth and complete a work commitment on the adjoining MacGregor option. I am pleased to say the first two holes have intersected similar geology and mineralized structures contained in the upper part of the Omega mine. Upon completion of the deep drilling program a plan will be implemented to carry out the recommendations of AMC in the potential open pit area.”

Literature review and sample comparison done by Mistango, indicates that the Omega Deposit has similar alteration assemblages and mineralization to the past producing Kerr-Addison Mine located 6 km east of the Omega Project site.

Qualified Person

Cath Pitman P.Geo.(Ontario) is a full-time employee of AMC Mining Consultants (Canada) Ltd., and independent of Mistango River Resources Inc. She has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which she is undertaking to qualify as a Qualified Person in accordance with NI 43-101. Cath Pitman consents to the inclusion in this announcement of the matters based on her information in the form and context in which it appears.

About Mistango

Mistango River Resources Inc. is a Canadian based exploration and development company holding several properties in Ontario and Quebec, including large land holdings in the Kirkland Lake region. Mistango specializes in precious metals and VMS hosted base metals, with recent projects centered on the Omega and Sackville properties in Ontario. Mistango brings a distinguished board and technical staff with expertise and many years in mineral exploration and mining fields. For additional information about Mistango and its mining properties, please visit Mistango’s website www.mistangoriverresources.ca.

This news release contains certain “forward-looking information”. All statements, other than statements of historical fact that address activities, events or developments that Mistango believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of Mistango based on information currently available to Mistango. Forward looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Mistango to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Mistango. Factors that would cause actual results or events to differ materially from current expectations include, but are not limited to, Mistango’s decision to cancel its exploration program on its Omega gold property.

For further information please contact:

Mistango River Resources Inc. CHF Investor Relations

Robert J. Kasner, President & CEO Stephanie Fitzgerald

Telephone: 705-568-7540 Telephone: 416-868-1079 x222

E-mail: kasner1@ntl.aibn.com E-mail: stephanie@chfir.com

Donald Kasner, Investor Relations

Telephone: 705-570-1019

E-mail: drkkasner@yahoo.ca

Website: www.mistangoriverresources.ca

Mistango Signs a Memorandum of Understanding

Posted by AGORACOM-JC at 4:02 PM on Thursday, September 20th, 2012

September 20, 2012 Kirkland Lake Ontario Mistango River Resources Inc. (MIS:CNSX) (GLRAF:OTC) (“MIS” or the “Company”) is pleased to announce it has signed a Memorandum of Understanding (MOU) with United Commodity AG (UC) of Thun of Switzerland regarding reprocessing of the tailings from the former Omega mine situated on the Company’s property located in Larder lake Ontario.

Details of the MOU are summarized below.

1. Mistango provides the feed and UC and /or UC-R makes the feed processing

2. If it makes economically sense, UC will install in 2012 on its own costs a Concentrator Facility on Mistango’s mining property with the purpose to concentrate the feeds before shipment to UC’S refinery. UC will extract all remaining heavy and noble metals +neutralize contaminated concentrates.

3. Mistango provides an exclusive feed recycling right to UC until the processing of the tailings is completed.

4. The two parties agree a profit (revenue minus processing costs) sharing.

5. UC is responsible for all permits and any new environmental liabilities that should occur because of UC’s tailings recycling operation.

Below you will find UC’s news release of September 17, 2012.

About Mistango

Mistango River Resources Inc. is a Canadian based exploration and development company holding several properties in Ontario and Quebec, including large land holdings in the Kirkland Lake region. Mistango specializes in precious metals and VMS hosted base metals, with recent projects centered on the Omega and Sackville properties in Ontario. Mistango brings a distinguished board and technical staff with expertise and many years in mineral exploration and mining fields. For additional information about Mistango and its mining properties, please visit Mistango’s website www.mistangoriverresources.ca.

This news release contains certain “forward-looking information”. All statements, other than statements of historical fact that address activities, events or developments that Mistango believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of Mistango based on information currently available to Mistango. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Mistango to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Mistango. Factors that would cause actual results or events to differ materially from current expectations include, but are not limited to, Mistango’s decision to cancel its exploration program on its Omega gold property.

For further information please contact:

Mistango River Resources Inc.

Robert J. Kasner, President & CEODonald Kasner, Investor Relations

Telephone: 705-568-7540 Telephone: 705-570-1019

E-mail: bobkasner@yahoo.com E-mail : drkkasner@yahoo.ca

Website: www.mistangoriverresources.ca

Reto Hartmann

United Commmodity AG

Baliz 64, 3600 Thun, Switzerland

info@united-commodity.com

www.united-comodity.com

Tailing Recycling Cooperation between Mistango River and United Commodity

09/17/12 – Kirkland Lake/Cobalt – Canadian Mining Company Mistango River Recources Inc. and Swiss Based United Commodity AG announced today that they plan to work together in an unified effort to advance tailing recycling. The announcement reflects the companies’ commitments to work together in environmentally responsible operations and responds to the increasing effort in economically and ecological tailing management.

Mistango will provide the tailing at its premises in Kirkland Lake together with an exclusive tailing recycling right to United Commodity and United Commodity is bringing in its unique United Commodity Tailing Recycling Process (UC-RPM(R)) at Mistango’s mining property.

Both parties agreed on a profit sharing (revenue minus processing costs) sharing model.

<< For Mistango we see the benefit to get a cash compensation of our so far called <<non assets tailings>>. The compensation is linked to the gold price, the grade and the processed feed quantity>>, said Robert J. Kasner, Chairman & Chief Executive Officer of Mistango.

Reto Hartmann, Chairman and CEO of United Commodity said << United Commodity will get all extracted noble metals out of its UC-RPM(R) with which we are able to process up to 150 tons of feed (ore, tailings, concentrate, slag etc.) per day at Mistango and we will have a first operation in an environment which could contribute to the environmental recovery of contaminated tailings.>>

Both parties further agreed on an option to establish a longterm partnership to develop other UC-RPM(R)applications in the mining industry of Canada.

About Mistango River Resources

MISTANGO RIVER RESOURCES Inc. is a Kirkland Lake based resources Exploration Company focussing on increasing shareholder value by exploring and development of precious metals and VMS hosted base metals with precious metals content. The company holds several properties in Ontario and Quebec and is presently focussing on the Omega and Sackville properties in Ontario The company has large land holdings in the Kirkland Lake area. Mistango has a very experienced board and technical staff.

About United Commodity

United Commodity is a swiss based company specialized in extracting gold and other valuable raw materials through innovative and sustainable recycling technologies. United Commodity recently aquired a 51 per cent stake in Yukon Refinery in North Cobalt, Ontario. United Commodity AG is listed at Frankfurt, Germany Stock Exchange. (ISIN: CH0032868199, Symbol: 3UI1).

Contact:

Reto Hartmann

United Commodity AG

Balliz 64, 3600 Thun, Switzerland

info@united-commodity.com, www.united-commodity.com

Phone +41 (0) 44 533 10 30

AGORACOM Small-Cap Wire: PFN Capital 43-101 = 2.5M Ozs Platinum, Palladium, Gold; Mistago Gold Results; Toronto Graphite Conference

Posted by AGORACOM at 1:30 AM on Tuesday, May 1st, 2012

AGORACOM WIRE – TUESDAY MAY 1ST

11:00 AM EST …. BREAKING …..


PFN Capital Announces 2.5M ounces Platinum, Palladium, Gold Read More  *CLIENT

  • Measured and Indicated increased by >400%
  • Inferred mineral resources have increased by >1000%

TOP STORIES

Mistango River Resources Drills 94m of 0.946 g/t Gold Read More  *SPONSOR

TORONTO GRAPHITE CONFERENCE (Tomorrow 2:30 – 6:00)

WHY ATTEND:

  • Sponsored By AGORACOM
  • Great Speakers
  • Great Presenting Companies
  • All In Just 4 Hours – And It’s Free

AGORACOM Sponsors Presenting

Why Graphite is the High Tech Commodity of the Future Read More

NEW HUB LAUNCHED!! DISCHINO has launched the SEFE Inc. HUB

 

AGORACOM Small-Cap Wire: Toronto Graphite Conference; Mistango Past Producer; Asteroid Mining; Graphite Heating Up

Posted by AGORACOM at 11:00 AM on Wednesday, April 25th, 2012

AGORACOM SPONSORS TORONTO GRAPHITE CONFERENCE

WHY ATTEND:

  • Great Speakers
  • Great Presenting Companies
  • All In Just 4 Hours – And It’s Free

AGORACOM WIRE – WEDNESDAY APRIL 25TH 2012

AGORACOM TV – Best Press Releases Of The Day …. Featuring Pacific Coal (TSXV:PAK), NeoGenomics, Inc. (NASD OTC QB: NGNM) andPelangio Exploration (TSXV:PX)

NEW! SKYPE INTERVIEW: Bob Kasner Discusses Past Producing Open Pit Omega Project Read More | Take me to the Video

Lomiko Metals to explore Québec graphite prospect – Resource World Magazine Read More

Asteroid Mining Plans Revealed by Planetary Resources Inc. Read More

Graphite Investment Boom Heats Up Read More

SKYPE INTERVIEW: Bob Kasner Discusses Past Producing Open Pit Omega Project

Posted by AGORACOM-JC at 5:17 PM on Tuesday, April 24th, 2012

The Omega Gold Property is located in Larder Lake, Ontario approximately 18 miles east of Kirkland Lake, and 4 miles west of Kerr Addison a former mine that produced in excess of 10 million ounces of gold. The Omega Property and Kerr Addison both are situated on the Larder Lake Cadillac fault system. This system has produced over 40 million ounces of gold just in the Kirkland/Larder Lake area and is still a productive wealthy mining camp.

Drilling highlights

·OM-12-67:1.787 g/t gold over 16 metres (including 2 metres of 5.84 g/t gold)

·OM-12-69:2.687 g/t gold over 12 metres (including 8 metres of 3.706 g/t gold)

·OM-12-70:0.997 g/t gold over 54 metres (including 10 metres of 2.421 g/t gold: Open Pit)

Who To See At PDAC 2012

Posted by AGORACOM at 10:05 AM on Sunday, March 4th, 2012


 

  BOOTH #2717

  BOOTH #2203A

  BOOTH #2104

 BOOTH # 2129

  BOOTH #3339


Mistango River Resources Answers: “So How Exactly Does a US investor Buy CNSX Listed Companies?”

Posted by AGORACOM-JC at 4:05 PM on Wednesday, February 15th, 2012

  

We received the following from Bob Kasner, Chairman and CEO of Mistango River Resources, the other day.  Given the fact many US investors are getting more and more involved with CNSX listed companies, we wanted to share it with all of you.

We have received many inquiries from US investors about buying CNSX listed companies.

There’s two basic answers:

1.Any US dealer that can trade a TSX stock through a relationship with a Canadian dealer can do the same for CNSX stocks. The Canadian dealers have access to CNSX. Canaccord’s name comes up most often.

2.Penn Trade is a discount broker in Coeur d’Alene Idaho that offers on-line access to CNSX. US residents that want to trade can open an account with them and enter their own orders.

The list of Canadian Dealers keeps growing, Kudos to CNSX.

Acker Finley Inc.

AltaCorp Capital

Barclays Capital Canada Inc.

BBS Securities Inc.

Beacon Securities Limited

Blackwatch Capital Corp

BMO Nesbitt Burns Inc.

Brant Securities Limited

Brockhouse & Cooper Inc.

Byron Capital Markets Ltd.

Caldwell Securities Ltd.

Canaccord Capital Corporation

Casimir Capital Ltd.

CIBC World Markets Inc.

Citigroup Global Markets Canada Inc.

Clarus Securities Inc.

Commission Direct Inc.

Cormark Securities Inc.

Credit Suisse Securities (Canada) Inc.

D&D Securities Company

Desjardins Securities

Deutsche Bank Securities Limited

Dundee Securities Ltd.

e3m Investments Inc.

Edward Jones

Fidelity Clearing Canada ULC

FirstEnergy Capital Corp.

Fraser Mackenzie Limited

Global Maxfin Capital Inc.

Global Securities Corporation

GMP Securities LP

Goldman Sachs Canada Inc.

Hampton Securities Limited

Haywood Securities Inc.

HSBC Securities (Canada) Inc.

Independent Trading Group

Infinium Capital Corp.

Instinet Canada Ltd.

Integral Wealth Securities Limited

Interactive Brokers Canada Inc.

ITG Canada Corp.

J.P. Morgan Securities Canada Inc.

Jacob Securities Inc.

Jennings Capital Inc.

JitneyTrade Inc.

Jones Trading Canada Inc.

Jones, Gable & Company Limited

Jordan Capital Markets Inc.

Lakeshore Securities Inc.

Laurentian Bank Securities Inc.

Leede Financial Markets Inc.

Liquidnet Canada Inc.

Loewen, Ondaatje, McCutcheon Limited

M Partners Inc.

MacDougall, MacDougall & MacTier Inc.

Mackie Research Capital Corporation

Macquarie Capital Markets Canada Ltd.

Macquarie Private Wealth Inc.

Manulife Securities Incorporated

Maple Securities Canada Limited

Merrill Lynch Canada Inc.

MF Global Canada Co.

MGI Securities Inc.

Morgan Stanley Canada Ltd.

National Bank Financial

NCP Northland Capital Partners Inc.

Newedge Canada Inc.

Norstar Securities LP

Northern Securities Inc.

Octagon Capital Corporation

Odlum Brown Ltd.

Paradigm Capital Inc.

Penson Financial Services Canada

Peters & Co. Limited

PI Financial Corp.

Pictet Canada L.P.

Pollitt & Co. Inc.

Qtrade Securities Inc.

Questrade Inc.

Raymond James

RBC Dominion Securities Inc.

Salman Partners Inc.

Scotia Capital Inc.

State Street Global Markets Canada Inc.

Stifel Nicolaus Canada Inc.

Stonecap Securities Inc.

TD Securities Inc.

Toll Cross Securities Inc.

UBS Securities Canada Inc.

Union Securities Ltd.

Versant Partners Inc.

W.D. Latimer Co. Limited

Wolverton Securities Ltd

AGORACOM WIRE – SUPERBOWL EDITION … 7 SMALL CAPS SCORING 7 POINTS

Posted by AGORACOM at 2:14 PM on Sunday, February 5th, 2012


AGORACOM WIRE – SUPERBOWL EDITION

SUPERBOWL STOCKS … 7 SMALL CAPS SCORING 7 POINTS


 

BONUS …. 5-MINUTE FEATURE WEBCAST:  Watch Here

BONUS …. PAST PRODUCING MINE + OPEN PIT DEPOSIT + QUEENSTON MINING INVESTS: Just 3 Interesting Things I Discovered In My Interview With Client MISTANGO RIVER RESOURCES. Well Worth A Few Minutes:  Listen To Our Chat

OUR SPONSORS SUPPORT SMART FORUMS … DISCOVER THEM TODAY!

 

AGORACOM Small Cap Wire: Mistango Mine Is A Past Producer And Why Queenston Invested; Rare Earths Apps

Posted by AGORACOM at 12:15 PM on Thursday, February 2nd, 2012


AGORACOM WIRE FEBRUARY 2nd, 2012

PAST PRODUCING MINE + OPEN PIT DEPOSIT + QUEENSTON MINING INVESTS: Just 3 Interesting Things I Discovered In My Interview With Client MISTANGO RIVER RESOURCES. Well Worth A Few Minutes:  Listen To Our Chat

RARE EARTHS GO MOBILE: Ucore Releases Rare Earth App See Post

INTEGRA GOLD HITS 19.2 g/t GOLD OVER 10M See Post

OUR SPONSORS SUPPORT SMART FORUMS … DISCOVER THEM TODAY!

 

  • Production To Commence Q1 2013
  • Donner Metals Partnered With Xstrata Zinc
  • Will Utilize Existing Xstrata Mill & Infrastructure
  • Zinc, Copper, Silver, Gold Mine

SNAPSHOT  / HUB  / WEBSITE

 

AGORACOM Small Cap Wire: 1 Billion Pounds Of Copper Found; 1.5M Ton Past Gold Producer Coming Back

Posted by AGORACOM at 9:27 AM on Thursday, January 19th, 2012

AGORACOM SMALL CAP WIRE – JANUARY 19, 2012

1.5M TON PAST PRODUCER – Mistango’s Omega Gold Property Is Located In Ontario and Has A 43-101 Pending See Snapshot Profile

RIGHTS OFFERING “REWARDS SHAREHOLDERS”  Omagine Treats Current Shareholders Right “Rewarding Our Shareholders For Expectations Of A Gratifying Year”  Read More * CLIENT

GOLD RALLIES TO 1-MONTH HIGH  See Post

1 BILLION – Canadian Company Finds 1 Billion Pounds Of Copper In Montana Via TSX Venture Tweets

OUR SPONSORS SUPPORT OUR SURFING … DISCOVER THEM TODAY!