Mistango River Resources Announces Omega Property Exploration Program
FOR IMMEDIATE RELEASE - Mistango River Resources Announces Omega Property
New Exploration Program Aimed at Updating an Existing Indicated and Inferred
Resource
KIRKLAND LAKE, ONTARIO, June 26, 2019: Mistango River Resources Inc.
(CSE: MIS, “Mistango”) is pleased to announce that it will be co mmencing an exploration
program on its 100% wholly owned Omega Property for the purpose of updating its resource
estimate.
With the recent investment from Harbour Royal ty Corp ., Mistango is planning to drill 3 800
meters of the recommended drilling program as outlined in AMC Consultants’ NI 43-101 report,
which was issued in 2013. The objective of the drilling program is to expand the resources
identified in the NI 43 -101 report completed in 2013 . The Omega rema ins open at depth on its
southern horizon of the property and Mistango plans to raise more funds to further explore these
opportunities.
Donald Kasner, Mistango’s Chief Operating Officer, said:
“We are excited to restart exploration of the Omega Project. We are confident in the future of
Mistango and its shareholders. The junior exploration industry market conditions have been and
continue to be difficult to raise funds for projects. However, with the revived interest in the
Larder break, and especially the Omega Property being the central focus of the Larder break ,
we believe this asset will bring significant value to Mistango and its shareholders.”
Mistango has applied for a drilling permit for its Omega Property. In anticipation of receiving the
drilling permit, we have commenced preparing the site to accommodate starting the exploration
program very shortly after the permit is issued. Mistango has already secured the services of a
drilling contractor who is on standby pending issuance of the permit.
The Omega Prope rty has excellent infrastructure with a major highway, rail and high voltage
power line all on site. The Omega is located just 3 km east of Lard er Lake, Ontario. Mistango`s
tailings are also being tested for the possibility of processin g. If the processing of the tailings is
economically feasible, the revenue from these tailings would provide a significant source of cash
for the company to expand its exploration program.
Mistango is a Canadian -based exploration and development compa ny focusing on its Omega
Mine project, with other properties in Ontario. For additional information about Mistango and its
mining properties, please visit Mistango’s website:
www.mistangoriverresources.ca.
FORWARD LOOKING STATEMENTS: This news release contains forward -looking statements . 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 including, without limitation, statements relating to Mistango’s anticipated development and exploration
plans and its upcoming shareholders meeting , 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 ot her 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 are not limited to, general
business and economic uncertainties, future mineral prices and the actual outcome of Mistango’s upcoming shareholders
meeting.
Any forward-looking statement speaks only as at the date on which it is made and, except as may be required by applicable
securities laws, Mistango disclaims any intent or obligation to update any forward-looking statement, whether as a result of new
information, future events or results or otherwise. Although Mistango beli eves that the assumptions inherent in the forward -
looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue
reliance should not be put on such statements due to the inherent uncertainty therein.
For further information please contact:
Donald Kasner, COO
Telephone: 1-705-567-5351
Fax: 1-705-567-5557