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Be the first with the news that moves the market- Mistango River Resources Inc. (CSE:MIS) acquired the Teck-Kirkland property from Hinterland Metals
- The sale, previously announced on March 26, has closed
- The Teck-Kirkland property covers 2105 hectares
- Site sits on the western boundary of Kirkland Lake Gold’s Macassa mine property
- Mistango River Resources (MIS) is holding steady at 9.5 cents per share
Mistango River Resources Inc (MIS:CSE) has announced it has closed the purchase of the Teck-Kirkland property from Hinterland Metals.
The company has integrated the Teck-Kirkland property into it’s adjacent Eby-Baldwin project.
The property makes up the western boundary of Kirkland Lake Gold’s Macassa mine property.
Teck-Kirkland includes claims on the amalgamated main, Cadillac and Kirana faults.
The property includes 47 cell boundary claims as well as 24 patents and mining licenses of occupation.
The acquisition nearly doubles the size Mistango’s Eby-Baldwin land parcel to 4,300 hectares.
The expanded land package is contiguous with Kirkland Lake Gold’s Macassa mine, one of the worlds highest grade gold mines, and gives Mistango one of the largest land positions in the Kirkland Lake District.
Mistango’s Eby-Baldwin project is located adjacent with Agnico Eagle’s Upper Beaver deposit property.
The company’s data collection has identified “great geological potential” at Eby-Baldwin and highlighted numerous gold bearing structures at the property including the Mina, Amalgamted and Kirana breaks that converge with the Cadillac Larder Lake break.
The confluence of all of these breaks provides geological similarities to the Macassa mine.
While the Main break at Eby-Baldwin is considered the most important structure at the Mecassa mine, the more recent discovery of the South Mine Complex is governed structurally by the Amalgamted break.
Eby-Baldwin hosts both of these structures within its property boundaries.
Mistango is planning a considerable drill program, especially now that it has expanded its land holding at the Eby-Baldwin project.
Mistango River Resources (MIS) is holding steady at 9.5 cents per share at 1:36 pm EST.
