Mustang Minerals Corp.: Mayville M2 Zone Results.TORONTO -- Mustang mustang [Sp. mesteño=a stray], small feral horse of the W United States. Mustangs are descended from escaped Native American horses, which in turn were descended from horses of North African blood, brought to the New World by the Spanish c.1500. Minerals Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:MUM) today announced the results from the second fence of drill holes at the M2 Zone of the Mayville Property. Holes 5 - 8 were drilled 30 meters east of the first four drill holes from the M2 Zone announced July 6, 2005. The M2 Zone in hole May-08 was an estimated true thickness of 79.0 meters which assayed 0.28% nickel nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4. and 0.72% copper.
Significant drill results from holes 5 to 8 are tabulated below:
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Nick- Cop-
Interval Width el per Ni+Cu- Cobalt Pt-Pd-Au
Hole # (meters) (meters) (%) (%) (%) (%) (ppb) Zone
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May-05 18.6-37.2 18.6 0.19 0.48 0.67 0.02 323 M2/wall
rock
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69.8-72.9 3.1 0.37 1.10 1.47 0.02 577 M2-high
grade
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May-06 30.8-98.2 67.4 0.26 0.68 0.94 0.02 504 M2-
envelope
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includes 81.0-98.2 17.2 0.53 1.39 1.92 0.03 891 M2-high
grade
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includes 81.0-90.5 9.5 0.67 1.98 2.65 0.04 1233 M2-high
grade
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May-07 127.2- 63.7 0.23 0.57 0.80 0.01 334 M2-
190.9 envelope
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includes 127.2- 10.9 0.27 0.96 1.23 0.02 468 M2-high
138.1 grade
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includes 181.0- 9.9 0.41 1.02 1.43 0.03 388 M2-high
190.9 grade
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May-08 140.8- 81.8 0.28 0.72 1.00 0.01 339 M2-
222.6 envelope
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includes 174.4- 9.1 0.39 1.16 1.55 0.02 417 2-high
183.5 grade
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includes 191.1- 21.4 0.41 1.14 1.55 0.02 368 M2-high
212.5 grade
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includes 207.9- 4.6 0.53 1.59 2.12 0.03 555 M2-high
212.5 grade
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Ni equals nickel, Cu equals copper, Co equals cobalt, Au equals gold,
Pt equals platinum, Pd equals palladium, % equals percentage,
ppb equals parts/billion.
Holes 5 to 8 were drilled from south to north, along two drill stations on a north-south fence 30 meters east of previously reported holes 1 to 4.Hole's 5 and 6 were drilled from the first station at -45 and -85 degrees respectively. Hole 5 intersected sections of non-mineralized mafic maf·ic adj. Containing or relating to a group of dark-colored minerals, composed chiefly of magnesium and iron, that occur in igneous rocks. flows and dykes in the footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. of the zone thereby reducing the grade of the M2 Zone in this area.Hole 6 intersected an M2 Zone true thickness of 46 meters. Holes 7 and 8 were drilled 110 meters south of the first station at -50 and -68 degrees respectively. Both holes flattened flat·ten v. flat·tened, flat·ten·ing, flat·tens v.tr. 1. To make flat or flatter. 2. To knock down; lay low: The boxer was flattened with one punch. considerably hence the apparent thickness represents close to true thickness of the M2 zone. Hole 7 represents a true thickness of 61 meters while hole 8 represents a true thickness of 79 meters. The M2 Zone is associated with a 1.3 km airborne Mag/VTEM survey conductor from a survey recently completed by Geotech Limited over 22 km of the northern 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. where the 12 km long Mayville intrusion and the M2 nickel-copper discovery are located. The geophysical survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. identified the M2 Zone and at least 5 other late time priority conductors designated for future follow up. Additionally, Mustang controls approximately 16 km of strike along the southern arm of the BRGB where Mustang's 100% owned Maskwa Nickel Deposit is located. The Maskwa Nickel Deposit currently contains a 6.0 million tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. open pit and underground resource @ 0.74% nickel and 0.15% copper which is classified as Indicated under National Instrument 43-101. Drilling is again underway at the M2 Zone. The immediate exploration programis to continue to define the extent and to determine the grade continuity of the M2 nickel-copper zone by drilling along the remaining untested 1.2 km long strike extent of the M2 geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. conductor up to a maximum depth of 400 meters. A series of drill fences are anticipated to be completed along strike of the first twelve drill holes. Mustang adheres to a strict QC/QA QC/QA Quality Control/Quality Assurance program which was in effect on the Mayville drill program. Secured drill core was examined, diamond sawed at lengths between 0.1 meters and 1.5 meters, with the majority of all samples at 1.5 meters. One half of the core was then bagged, tagged, stapled and completely sealed before being transported by bus to commercial laboratory, Laboratoire Expert in Rouyn-Noranda, Quebec Rouyn-Noranda (2006 population 39,924) is a city on Osisko Lake in northwestern Quebec, Canada. The city of Rouyn appeared after copper was discovered in 1917. Noranda (a contraction of "North Canada") was created later around the Horne mine and foundry. for analytical work according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. standard industry practice and analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. for Ni, Cu, Co, Au, Pt, and Pd. The insertion of blanks and four commercial nickel sulphide sulphide: see sulfide. reference standards was used as part of the QC/QA program on the samples. Additionally, pulps have been sent to ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex as external checks on Laboratoire Expert analysis. To find out more about Mustang Minerals Corp (TSX VENTURE:MUM), visit our website at www.mustangminerals.com. Ken Lapierre P.Geo. (ON), VP Exploration for Mustang is the qualified person for National Instrument 43-101 and has reviewed the contents of this news release. Shares Outstanding: 46,389,133 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) |
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