Mistango River Resources announces the start of a 5,200 meter drilling program on its Omega Gold Project

TORONTO, February 7, 2022 /CNW/ – Mistango River Resources Inc. (“Mistango” or the “Company”) (CSE: MIS) is pleased to announce the commencement of the 5,200 meter Phase 1 drilling program on its Omega gold project (Omega, or the Project), near Larder Lake, Ontario, which includes a segment of the Larder Cadillac Fault Zone which is a regionally significant structure associated with the gold deposits of the Abitibi Greenstone Belt. The property includes the former Omega mine where resources of 219.8 Koz (indicated) and 365.4 Moz (inferred) are determined as of May 10, 2013.

Maps illustrating the planned Phase 1 drilling program at Omega can be viewed at

Description of the Phase 1 drilling program

The Phase 1 drilling program at Omega includes ten diamond drill holes for a total of 5,200 meters. Phase 1 drilling began on January 28, 2022. The first drill hole has been completed for a total of 486 meters and the second drill hole is currently in progress with approximately 300 meters (of an expected final length of 400 meters) having been completed. All assay results are currently pending.

Five of the planned Phase 1 drill holes are located on the block of properties that hosts the resource at the Omega Mine. Three of the holes are designed to test lateral and depth continuity and potential resource expansion. The two remaining holes are designed to explore gold mineralization that could be associated with structures that affected a strong linear magnetic anomaly located a few hundred meters north of the Resource.

The remaining five drill holes are planned to explore potential new mineralized zones on a contiguous block of properties located to the southwest of the Omega Mine properties (the Southwest Zone). The five drill holes are designed to test gold mineralization that would be hosted by metavolcanic and metasedimentary rocks that are intruded by rocks of syenitic composition adjacent to a shear structure that is interpreted by the Company based on observations of field outcrops and anomalies. in aeromagnetic cartographic products.

About Omega Project

The Omega Project is located in McVittie Township, Ontarionext to the city of pantry lake. The project includes a segment of the regional-scale Larder Cadillac Faut Zone which is an important control structure for gold mineralization at Orefinders Resources’ McGarry Project, located approximately 8 kilometers east of Omega and ‘Ancient Kerr Addison Mine (total production of approximately 12 Moz Au) located 12 kilometers east of Omega.

The Omega project consists of two adjacent and contiguous blocks of properties; a block which includes the Omega Mine resources and another block to the southwest of the mining properties which is called the Southwest Zone. The Omega mine historically produced gold for two periods, first in the 1920s and again from 1935 to 1947. The project benefits from access by all-weather roads, access to an electric grid and its location in a large active mining district. .

QP statement

The technical information contained in this press release has been reviewed and approved by Dr. Keith BennP.Geo., who is a qualified person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.”

About Mistango River Resources Inc.

Mistango is a Canada-based exploration and development company focused on its Kirkland West Lake and Omega projects in the Kirkland Lake District of from Ontario Abitibi greenstone belt. Mistango is listed on the Canadian Securities Exchange under the symbol MIS.

Kirkland Lake Gold Corp Holds Option to Acquire Up to 75% Interest in Mistango’s West Kirkland and Omega (the “Projects”) in exchange for spending $60 million on Projects.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release. Certain information contained in this press release may contain forward-looking statements. This information is based on current expectations which are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from the results suggested in the forward-looking statements. Mistango undertakes no obligation to update any forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until applicable securities laws in Mistango require it. Additional information identifying the risks and uncertainties is contained in the documents filed by Mistango with the Canadian securities authorities, which documents are available under the Mistango profile at www.sedar.com.

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