Mustang Minerals Commences Exploration
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For Immediate Release
Exchange: TSX Venture
November 6, 2017
Toronto, Ontario
Symbol:MUM
Shares Outstanding: 34,147,768
Mustang Minerals Commences Exploration
Mustang Minerals Corp. (TSXV:MUM) (“Mustang” or the “Company”) is please d to
announce an update to exploration activities at its Makwa Mayville Project located in
southeast Manitoba and the grant of incentive options . The Makwa Mayville project contains
a NI 43-101 compliant resource of nickel, copper, cobalt and platinum group metals (PGM).
Demand for these metals is expected to increase in the coming years as their use in battery
technology for electric vehicles grows.
The Company exploration activities are currently focused on the area to the east of the
Makwa open pit nickel resource. A sampling program was initiated in selected areas of the
Bird River Sill and samples have been submitted for assay. A geopyhysical program is
planned as follow up focused on an east – west trending magnetic anomaly in selected areas
outlined by previous historical exploration drilling. Going forward the Company ’s exploration
focus will be to discover additional high grade nickel -copper-cobalt-PGM mineralization on
the property,
Following completion of the successful $1 million private placement announced October 27,
2017 the Board of Directors of Mustang has granted 1,855,000 incentive stock options to
management, directors and Company consultants at an exercise price of $0.35 pe r share.
The issuance of the stock options are subject to approval of the TSXV.
Mustang owns the mineral rights to the Makwa-Mayville nickel-copper-PGM property located
in the Bird River greenstone belt in southeast Manitoba. The company completed a National
Instrument 43-101 compliant preliminary economic assessment ( scoping study ) on Makwa-
Mayville in 2014. The company also controls the East Bull Lake property west of Sudbury
prospective for PGM and the Bannockburn nickel property near Matachewan Ontario.
Carey Galeschuk P.Geo is the Qualified Person for purposes of this press release.
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To find out more about Mustang Minerals Corp. (TSX-V: MUM)
visit our website at www.mustangminerals.com or:
Telephone: 416-955-4773 email: [email protected]
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 st atements”). 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 politica l 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 eco nomic 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, includin g
those described in the Company’s Management Discussion a nd Analysis for the most recent financial period and Material
Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Neither the TSX Venture Exchange nor it Regulations Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.