Mustang Minerals
Optionen
| Boardmail an "doschauher" |
Wertpapier: Mustang Minerals |
weil er nicht wußte, wohin mit den 100 tsd $...
News:
January 24, 2011
Mustang Minerals Corp.: Drilling Begins at Mayville Property
TORONTO, ONTARIO--(Marketwire - Jan. 24, 2011) - Mustang Minerals Corp. (TSX VENTURE:MUM) today announced that it has commenced a drill program at the Company's Mayville Copper Nickel Property located in southeast Manitoba. The property is located approximately 35 km north of Mustang's Makwa Nickel Project where the company has announced that a feasibility study is commencing for an open pit nickel project.
Mustang completed drill programs at the Mayville Property in 2005 and 2006. The drilling outlined a zone of copper-nickel-pgm mineralization. A NI 43-101 compliant resource estimate was calculated on the Mayville M2 Zone at that time. The Mayville M2 open pit resource was updated early in 2010 using more current metal prices. (9.2 million tonnes grading 0.61% copper and 0.23% nickel - see last paragraph of this release and press release dated April 15, 2010).
A number of drill targets have been generated at the Mayville property including copper nickel mineralization associated with the Hititrite occurrence which is located 1 km southeast of the Mayville M2 Zone. Four surface grab samples taken by Mustang from the Hititrite occurrence during the 2010 field season contained elevated copper nickel values with the highest grab sample value assaying 1.1% copper, 0.7% nickel, 6.8 ppm silver and 494 combined Au+Pd+Pt. This surface occurrence corresponds to historical and recent geophysics. The area has not previously been drill tested. Several VTEM anomalies identified in the region will also be drill tested during this exploration program.
Owyhee Property Agreement
Further to the news release dated January 14, 2011 the Company wishes to clarify that it has entered into a revised option agreement over a total of 22 mining claims comprising 4,507 hectares from Norman Reed Paterson et al. ( the Owyhee Property Option ). Terms of the option call for the issuance of 120,000 common shares of the Company in the first year ( subject to approval of the TSX Venture Exchange ), payment of $15,000 on the first anniversary date, $25,000 on the second anniversary date and $100,000 on the third anniversary date at the option of the Company.
There are no work commitments on the claims pursuant to the Agreement. Terms of the agreement amend the terms of the previous option agreement dated January 22, 2007 under which the Company made work commitments of approximately $400,000 and paid total cash consideration of $5,000 to Owyhee.
About Mustang Minerals Corp.
Mustang Minerals has two open pit deposits located in southeast Manitoba. At the Makwa Project a NI 43-101 reserve estimate completed in Feb. 2010 by Micon International Limited outlined 9.855 million tonnes in the Probable category containing 0.541% nickel, 0.113% copper and 0.433 g/t PGM. The Company's Mayville Project is located approximately 35 km by road from Makwa and has a NI 43-101 Indicated Resource of 9.227 million tonnes containing 0.61% copper, 0.23% nickel and 0.174 g/t palladium. (Scott Wilson RPA update March 2010).
Carey Galeschuk P.Geo is the Qualified Person for Mustang Minerals under NI 43-101.
To find out more about (TSX VENTURE:MUM) visit our website at www.mustangminerals.com.
We seek safe harbour.
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects in Manitoba, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 154,598,233
CONTACT INFORMATION:
Mustang Minerals Corp.
David Black
Investor Relations
416-955-4773
info@mustangminerals.com
www.mustangminerals.com
Optionen
| Boardmail an "doschauher" |
Wertpapier: Mustang Minerals |
Mustang Purchases Bouchard Hebert Mill for Makwa Project
TORONTO, ONTARIO--(Marketwire - Feb. 2, 2011) - Mustang Minerals Corp. (TSX VENTURE:MUM) ("Mustang" or the "Company") is pleased to announce it has entered into an agreement to purchase the mill equipment which was formerly used at the Bouchard Hebert Mine near Rouyn-Noranda, Quebec. The equipment comprises substantially all of the grinding and milling equipment required to construct a nickel concentrator for Mustang's Makwa Nickel Project. The purchase price of the mill equipment is $2 million payable in installments over the next 4 months and the issuance of 2.5 million common shares of the Company. The purchase is subject to regulatory approval. All securities issued will be subject to a hold period of four months.
Mustang plans to complete a feasibility study incorporating the mill during 2011. Mustang completed a prefeasibility study in 2008 which incorporated the use of all new equipment for the nickel concentrator. The purchase of the Bouchard Hebert mill equipment is expected to provide potential for significant reduction in capital cost for the Makwa Nickel Project.
Robin Dunbar, the President of Mustang stated:" With the acquisition of the mill equipment, Mustang will be in a position to build a concentrator for the Makwa Nickel Project as soon as a production decision is made. The acquisition of the mill equipment is another significant step in building a mine at the Makwa Nickel Project."
About Mustang Minerals Corp.
Mustang Minerals has two open pit deposits located in southeast Manitoba. At the Makwa Project a NI 43-101 reserve estimate completed in Feb. 2010 by Micon International Limited outlined 9.855 million tonnes in the Probable category containing 0.541% nickel, 0.113% copper and 0.433 g/t PGM. The Company's Mayville Project is located approximately 35 km by road from Makwa and has a NI 43-101 Indicated Resource of 9.227 million tonnes containing 0.61% copper, 0.23% nickel and 0.174 g/t palladium.
Western Areas NL an Australian based nickel producer owns 19.9% of the common shares of Mustang.
Carey Galeschuk P. Geo. is the Qualified Person for NI 43-101.
To find out more about (TSX VENTURE:MUM) visit our website at www.mustangminerals.com.
We seek safe harbour.
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects in Manitoba, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 154,718,233
CONTACT INFORMATION:
Mustang Minerals Corp.
David Black
Investor Relations
416-955-4773
info@mustangminerals.com
www.mustangminerals.com
INDUSTRY: Manufacturing and Production - Mining and Metals
Mustang Drills New Surface Zone of Copper Nickel Mineralization at the Mayville Project in Southeast Manitoba
TORONTO, ONTARIO--(Marketwire - March 3, 2011) - Mustang Minerals Corp. (TSX VENTURE:MUM)(FRANKFURT:NJF) ("Mustang" or the "Company") today announced positive results from exploration drilling at the Mayville Property located in southeast Manitoba. Drilling on the historical Hititrite Showings has shown that the new zone of copper-nickel-pgm mineralization begins at surface and extends to depth. The showing has not been previously drilled. The mineralization zone is located approximately one kilometer southeast of the Mayville M2 Deposit. Assays are pending from two other holes drilled along the strike of the mineralized zone and from drilling to the north in an ultramafic unit. One of the step out holes is located approximately 300 meters to the east. Based on geophysical signatures, the potential strike length of the new zone is in excess of one kilometer.
Results from the first three holes are as follows:
--------------------------------------------------
Hole From To Interval Interval Copper Nickel Au+Pt+Pd Silver
(ft) (ft) Feet Meters % g/t g/t
--------------------------------------------------
MAY11-01 30.9 93.6 62.7 19.11 0.34 0.11 0.30 2.0
--------------------------------------------------
and 107.3 177.0 69.7 21.25 0.41 0.15 0.33 2.8
--------------------------------------------------
--------------------------------------------------
MAY11-02 67.0 116.0 49.0 14.94 0.34 0.17 0.32 4.0
--------------------------------------------------
and 189.7 203.0 13.3 4.05 0.44 0.13 0.31 4.5
--------------------------------------------------
--------------------------------------------------
MAY11-03 516.5 577.0 60.5 18.44 0.46 0.14 0.28 3.9
--------------------------------------------------
and 592.0 653.0 61.1 18.62 0.18 0.08 0.18 2.9
--------------------------------------------------
Widths are drilled widths.
"The current drill program on the Mayville property is focused on identifying new areas on the property that could hold significant bulk tonnages of copper-nickel-pgm mineralization." said Robin Dunbar President of Mustang. "The drill results announced today illustrate the significant potential for growth of the overall resource at the Mayville Property which is currently 9.227 million tonnes at 0.61% copper, 0.23% nickel and 0.3 g/t pgm using $8.50 nickel and $3 copper." (Scott Wilson RPA April 15, 2010)
Drill holes MAY11-01 to MAY11-03 were drilled along a section fence underneath the historic Hititrite Showing where surface mineralization had been sampled by Mustang late in 2010 (see press release dated January 24, 2011). The mineralization is contained in a gabbroic unit which is located at a geological contact with andesite to the south and an ultramafic unit to the north. Mineralization has been identified from surface to 653 feet (199.03 meters). The zone is open to depth and along strike. The mineralogy appears similar to that of the Mayville M2 Deposit which is situated one kilometer to the northwest of the new mineralized zone. Good copper and nickel recoveries were obtained in metallurgical test work completed by Mustang on the M2 Zone (see Mustang press release dated September 1, 2009).
Several other mineralized horizons and geophysical anomalies are scheduled to be drill tested in the current drill program. Additional targets include the anomalies on the recently optioned Tanco Property, the Zeemel Property and the western extension of the Mayville M2 Deposit. The targets have been generated through airborne EM geophysical surveys, field mapping by Mustang and an Induced Polarization survey completed by Mustang in 2010.
All core samples were sent to Activation Laboratories in Thunder Bay, Ontario. Analysis was completed for nickel, copper, cobalt and silver using an Aqua Regia digestion followed by AAS/ICP finish. For gold, platinum and palladium, fire assay of 30g aliquots followed by combination fire assay and AAS finish was employed. Drill core is logged and split on site at Makwa site with half the core retained and stored. Mustang conducts an ongoing QA/QC program on drill core including inserting blanks, duplicates and commercial standards into the sample series.
About Mustang Minerals
Mustang Minerals has two open pit deposits located in southeast Manitoba.
1. The Makwa Project has a NI 43-101 reserve estimate completed in Feb. 2010 by Micon International Limited outlined 9.855 million tonnes in the Probable category containing 0.541% nickel, 0.113% copper and 0.433 g/t PGM. A feasibility study is planned for Makwa during 2011.
2. The Company's Mayville Project is located approximately 35 km by road from Makwa and has a NI 43-101 Indicated Resource of 9.227 million tonnes containing 0.61% copper, 0.23% nickel and 0.174 g/t palladium.
Mustang Minerals will have a booth at the upcoming PDAC, March 6th to 9th, 2011. Company representatives will be available to answer questions about the company.
Western Areas NL (TSX:WSA)(ASX:WSA), an Australian based nickel producer and explorer, owns 19.9% of the common shares of Mustang.
Carey Galeschuk, P.Geo is the National Instrument 43-101 Qualified Person for Mustang Minerals Corp.
To find out more about Mustang Minerals Corp. (TSX VENTURE:MUM)(FRANKFURT:NJF) visit our website at www.mustangminerals.com.
We seek safe harbour.
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects in Manitoba, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risk, uncertainty of production and capital costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the most recent financial period and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 157,218,233
CONTACT INFORMATION:
Mustang Minerals Corp.
David Black
Investor Relations
416-955-4773
info@mustangminerals.com
INDUSTRY: Manufacturing and Production - Mining and Metals
3/22/2011 9:30 AM ET
News Release:
Mustang Announces New Platinum and Palladium Discovery in Manitoba
http://www.integratir.com/...=2131024528&ticker=V.MUM&lang=EN
Optionen
| Boardmail an "Koch27" |
Wertpapier: Mustang Minerals |
Optionen
| Boardmail an "louisaner" |
Wertpapier: Mustang Minerals |
+120% in 24 Stunden ist einfach etwas heftig.
Ich bin mit +140% raus.
Bis die Tage.
ps: Die BE sind echt gut, die Ader ist kaum erkundet und kann fast 2 km lang sein.
Optionen
| Boardmail an "louisaner" |
Wertpapier: Mustang Minerals |
habe diese Altposition verbilligt (leider etwas zu spät)
hier die Ursache des plötzlichen Anspringens:
(in 4 Tagen 42% des Floates umgesetzt)
http://www.stockhouse.com/tools/...ymbol%3DV%2EMUM%26newsid%3D8100024
21 weitere Bohrungen im Gang
If MUM hit PGM with any of these remaining holes... OMG!!!!
GLTA !!
FREE PLAY!! GO MUM GO!!!!
Drill program update
Mustang has so far completed a total of 24 reconnaissance drill holes on the Mayville property. Results for the first three holes were announced in Stockwatch news on March 3, 2011. These holes intersected a new gabbro-hosted copper-nickel zone approximately 250 metres south of the new PGM drill discovery. Drill hole MAY11-05 was drilled approximately 200 metres to the west of MAY11-06 and MAY11-07 and hit anomalous PGM mineralization. Its exact location in relation to the historic IP anomaly in the area is uncertain. A map showing the location of recent drill holes is posted at the company's website. Assays for the additional holes in the Mayville recon program will be announced as received.
The drill rig has now been mobilized to the Zeemel property which is located approximately 19 kilometres to the southeast of the Mayville property. Historic drilling at the Zeemel property also intersected disseminated chromite in an ultramafic host. Mustang will test this horizon for nickel-copper-PGM mineralization. Once the Zeemal property is drilled, the plan is to bring the drill back to the new zone of PGM mineralization and complete several follow-up holes before the ice thaw sets in.
Mustang Completes Additional Holes at New PGM Zone
TORONTO, ONTARIO--(Marketwire - April 6, 2011) - Mustang Minerals Corp. (TSX VENTURE:MUM)(FRANKFURT:NJF) ("Mustang") is pleased to provide an update on exploration and drilling relating to the new PGM discovery drill hole at its Mayville Property. Mustang recently announced results from MAY11-07 which intersected 9.15 meters at average grade of 9.5 g/t combined platinum and palladium within a wider zone of 41.16 meters at an average grade of 2.9 g/t platinum and palladium. MAY 11-07 was drilled as part of a reconnaissance drill program testing a number of geophysical targets across the Mayville Property where Mustang has an existing copper-nickel-pgm resource.
Mustang has now returned the drill to the new PGM discovery area and to date has completed three additional drill holes. The first hole was drilled 50 meters south of MAY11-07 (at the same 65 degree angle) to test for mineralization at a greater depth as well as define the southern limit as MAY11-07 was collared into PGM mineralization. The next two holes were drilled 50 meters to the east and 50 meters to the west of the drill collar at MAY11-07. Drilling in all three holes has encountered a strongly altered ultramafic unit containing locally finely disseminated chalcopyrite+pyrrhotite+pyrite sulphides and locally significant visible chromite which is the same rock type that hosted MAY11-07. Drilling is continuing at roughly 50 meter step outs along strike from the discovery hole.
In addition to the drilling, the company has added additional claims and will soon complete linecutting. A ground IP and magnetics survey will be starting in the very near future which will aid in further exploration of the new zones.
DISCUSSION
The Company is pleased to see a similar host package of rocks in the recently drilled holes encountered in MAY11-07. The extent of the PGM mineralization hosted in the area of MAY11-07 is not known at this stage and the existence of any PGM mineralization cannot be determined until future assays from the recently completed drill holes are received.
Mustang personnel are currently splitting the drill core from the recently drilled holes which will be immediately sent for assay. The Company will request an expedited turn around time for these high priority holes. As well the company will be examining the chromite potential of the current discovery as well as testing for other elements of the PGM suite.
About Mustang Minerals
Mustang Minerals has two open pit deposits located in Southeast Manitoba.
1. The Makwa Project has a NI 43-101 reserve estimate completed in Feb. 2010 by Micon International Limited outlined 9.855 million tonnes in the Probable category containing 0.541% nickel, 0.113% copper and 0.433 g/t PGM. A feasibility study has been announced by Mustang for the Makwa Project.
2. The Company's Mayville Project is located approximately 35 km north by road from Makwa and has a NI 43-101 Indicated Resource of 9.227 million tonnes containing 0.61% copper, 0.23% nickel and 0.174 g/t palladium. The purpose of the current drill program is to highlight potentially new mineralized areas at Mayville.
Western Areas NL, an Australian based nickel producer owns 19.9% of the common shares of Mustang.
Carey Galeschuk P.Geo is the National Instrument 43-101 Qualified Person for Mustang Minerals Corp.
To find out more about Mustang Minerals Corp. (TSX VENTURE:MUM)