Ich weiss nicht, ob die schon reingestellt wurden Hier die News aus stockhouse! In Can schon über 19%! Mann oh Mann :-)
Mustang Appoints New VP Exploration; Drilling Underway at Owyhee Property
TORONTO, ONTARIO, May 31, 2007 (MARKET WIRE via COMTEX News Network) --
The Board of Directors of Mustang Minerals Corp. (TSX VENTURE: MUM)(FRANKFURT: NJF) is pleased to announce the appointment of Carey Galeschuk B.Sc. P.Geo as Vice President Exploration of the Company. He will be responsible for implementing the exploration strategy of the Company. The primary focus of exploration activities of Mustang under Mr. Galeschuk will be to substantially increase in the nickel resources of the Company in southern Manitoba to supplement the Maskwa and Mayville Deposits. The focus is for high grade open pit resources in the Bird River Project area.
Mr. Galeschuk brings excellent qualifications to the Company. He is a Professional Geologist registered in both Ontario and Manitoba who has a broad range of exploration experience over the last 15 years. He is a Fellow Member of the Geological Association of Canada, a member of the Society of Economic Geologists, the Prospectors and Developers Association of Canada, and the Association of Applied Geochemists. He has worked for Noranda Exploration, Granges, Hudson Bay Exploration, TVX Gold and Tantalum Mining Corporation. For the last 12 years he has worked in the Bird River Project area. He is an experienced "hands on" field geologist with both mine and exploration experience whose local knowledge will be invaluable. Mr. Galeschuk has presented numerous geological papers to industry forums.
Exploration and Drilling Update
Activities currently underway are:
1) Mustang is now in the process of exploration drilling at the Owyhee Property, which it recently optioned from a private syndicate. Drilling is focused on geophysical targets generated by a heliborne geophysical program. Sufficient drilling will be completed in order to explain the source of the conductive anomalies.
2) Drill assay results are also pending from a zone of disseminated mineralization located beneath the Maskwa Resource.
3) Resource drilling and geo-technical drilling of the Maskwa Deposit have now been completed. A revised resource calculation is in process of completion for use in the prefeasibility study.
About Mustang
Mustang is focused on bringing the Maskwa Nickel Deposit in production and is currently completing a prefeasibility study on that deposit. Elsewhere in the Bird River Project Area, Mustang has another drill defined NI 43-101 compliant copper nickel resource at Mayville and additional properties/prospects with anomalies and targets to be tested.
The Company has announced the grant of 275,000 options to Mr. Galeschuk and other employees of the company. The options will be at a price of $1.20 per share and will vest over a period of up to two years. An additional 100,000 are being granted to a consultant to the company at an exercise price of $1.60 per option. None of the options being granted are to directors of the Company.
Ernie Marcotte P.Eng. is the Qualified Person for Mustang Minerals under NI 43-101.
To find out more about Mustang Minerals Corp. (TSX-V: 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 risks involving the Company's operations, uncertainty of production and 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 year ended December 31, 2006 and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 63,848,859
The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this press release.
Contacts: Mustang Minerals Corp. David Black Investor Relations (416) 955-4773 Email: info@mustangminerals.com Website: www.mustangminerals.com
SOURCE: Mustang Minerals Corp.
mailto:info@mustangminerals.com http://www.mustangminerals.com
Copyright 2007 Market Wire, All rights reserved.
|
Thread abonnieren
ETF-Sparplan