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Mustang Minerals Corp.: Eight Holes Completed at M2.


TORONTO -- Mustang Minerals Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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 VENTURE:MUM) today announced that it has completed a second fence of four drill holes on the M2 Zone at the Mayville Property located on the north arm of the Bird River Greenstone Belt Greenstone belts are zones of variably metamorphosed mafic to ultramafic volcanic sequences with associated sedimentary rocks that occur within Archaean and Proterozoic cratons between granite and gneiss bodies.  (BRGB), approximately 150 km northeast by road from Winnipeg, Manitoba. Mustang is actively exploring for surface, bulk tonnage, nickel-copper-platinum group metals mineralization Mineralization
The process by which the body uses minerals to build bone structure.

Mentioned in: Rickets

mineralization,
n the bioprecipitation of an inorganic substance.
 on its land holdings in the BRGB.

Holes 5 to 8 have been drilled along a north/south fence from two stations (110 meters apart), approximately 30 meters east of the first fence of four holes (see press release dated June 13, 2005). All 4 holes intersected the same M2 Zone mineralization as in holes 1 to 4 with similar widths of mineralized min·er·al·ize  
v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es

v.tr.
1. To convert to a mineral substance; petrify.

2. To transform a metal into a mineral by oxidation.

3.
 intervals. The deepest hole (hole 8) intersected M2 Zone mineralization to a vertical depth of 200 meters. The M2 Zone is coincident with a 1,300 meter long, east-west trending heliborne hel·i·borne  
adj.
Carried or transported by helicopter: heliborne troops. 
 EM conductor that is open in all directions including to depth.

The Company has now commenced drilling a third fence of holes 30 meters to the west of holes 1 to 4. Assay results from the first four drill holes are currently pending. The Company expects to have received assays from the first four drill holes within approximately two weeks.

"We view the Mayville Property as highly prospective for a new surface, bulk tonnage discovery of nickel-copper-pgm resources to complement our existing open pit and underground resources at our Maskwa Property," said Robin Dunbar Robin Dunbar (born 1947) is a British anthropologist and evolutionary biologist, specialising in primate behaviour. He is best known for formulating Dunbar's number. , President of Mustang. "Given the relative global scarcity of nickel-copper-pgm deposits, both properties now allow Mustang several opportunities to explore for this type of deposit model."

Assays are being completed at Expert Laboratories in Rouyn-Noranda with check assays being completed at Chemex Laboratory in Vancouver. Ken Lapierre P.Geo. (ON) is the Qualified Person for Mustang Minerals Corp. and has reviewed the contents of this news release.

Shares Outstanding: 44,940,173

The TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 has not reviewed and does not accept responsibility for the contents of this press release.

Mustang Minerals Corp. (TSX VENTURE:MUM)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Jun 22, 2005
Words:346
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