Mistango River Resources Inc. (CSE: MIS) has discovered a near-surface high-grade gold zone over one km in strike length at the Goldie Project in Ontario.
This drill programme tested the northern border of a high-grade gold zone recently discovered by Delta Resources adjacent to Delta-1 Project. Mistango’s Goldie drill programme completed seventeen holes over 2,780m, combining RC and diamond drilling. All assays for the diamond drilling are still pending, with visible gold observed in one of the diamond drill holes.
This new discovery zone on Goldie lies immediately on strike to the east of Delta 1’s project, which has been defining similar mineralization. This structure is a shallow, flat-lying gold-bearing system with continuous gold. This style of mineralization is amenable to bulk tonnage operations. This view extends beyond what Mistango and Delta are currently focussed on as this broader Shebandowan Greenstone Belt has demonstrated similar structures throughout.
The company said that between these two projects, and others in the area, it’s clear that the Shebandowan Greenstone Belt is an interesting and emerging gold district.
Goldie’s mineralized zone was observed in seven of the 14 assayed holes along a one km strike. Mineralization is open east and west of the one km strike and north and south.
The sole hole drilled south of this newly defined gold-bearing structure was hole GLD-003-008, which returned 2.02g/t Au over 14m. There is potential to further extend the mineralized zone for another 500mto the south of GLD-003-008, towards the Delta-1 Project, where Delta Resources continues to intersect visible gold in multiple drill holes adjacent to the south of Mistango’s Goldie Project.
Mistango is awaiting assays for the diamond drill holes, one of which had visible gold. The diamond drill holes tested separate but parallel zone to the south. Once all assays are returned, the data will be modelled and interpreted to plan a follow-up drill programme.
Highlighted Assays from the RC Drilling:
GLD-002-006, 0.378g/t Gold from 89m to 94 m
GLD-003-008, 2.02g/t Gold from 153m to 167 m
GLD-003-011, .54g/t Gold from 33m to 46 m
GLD-003-011, 16.6g/t Gold from 70m to 71 m
GLD-003-013, .61g/t Gold from 61m to 63 m
GLD-003-015, 1.13g/t Gold from 48m to 54 m
GLD-003-016, .95g/t Gold from 66m to 69 m
For further information please visit: https://mistango.com/
