Champion Iron Limited press release
MISTANGO REPORTS BEST DEEP HOLE YET
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September 13, 2011, Kirkland lake, Ontario, Mistango River Resources Inc. (CNSX:MIS) is pleased to report the following deep drill results from its 100% owned Omega Gold Mines project.
Highlights of the drilling
Hole OM-11-11
From 455M to 467.95 returned 4.505 g/t gold over 12.95 metres including 5.85 g/t gold over 5 metres and 6.56 g/t gold over 4.0 metres.
Table No. 2
Mistango River Resources Inc.-Omega Property-2011 Diamond Drilling-Significant Composites
|Hole # |Section| |From |To |Interval|Au g/t|Zone|Remarks| | | | | | | | | | | |OM-11-11|650W | |351.0|353.0 |2.0 |2.04 |14 | | | | |and |358.0|362.0 |4.0 |1.79 | | | | | |and |378.5|382.5 |4.0 |2.66 |14 | | | | |including|378.5|380.5 |2.0 |4.20 | | | | | |and |455.0|467.95|12.95 |4.505 |1-2 | | | | |including|456.0|460.0 |4.0 |6.56 | | | | | |including|462.0|467.0 |5.0 |5.85 | | | | | | | | | | | | | |OM-11-12|700W | |271.0|274.0 |3.0 |3.20 |14 |Did not| | | | | | | | | |reach 1| | | | | | | | | |and 2 | | | | | | | | | |zones | | | | | | | | | | |
-all holes are uncut and over core length; core length is estimated 50-90% of true width; 1 g/t Au multiplied by 0.0291666 equals troy ounces per short ton (to convert from metres to feet multiply by 3.2808).
QA/QC was followed in sampling the NQ core. The core is sawed in half for sampling. Standards, blanks and duplicates were inserted into the stream of core samples every 20 m. The core was assayed at Expert Laboratory Inc. in Rouyn-Noranda, Quebec using 30 gram samples. The core samples were analyzed using the fire assay method and AA finish. Assays of 1 g/t Au and greater are reassayed using the gravimetric method. Fred Sharpley, P.Geo is the QP for the Omega Property.
Commenting on the intersection; Robert Kasner President and CEO stated that this is very encouraging drilling to date has surpassed our expectations and it appears we are developing a new mine out of an old one. We still have assays to come from other deep holes and the potential open pit area. We expect to start another 10,000 metres program by month's end. In the mean time drilling is continuing with one drill.
Mistango River Resources is a Canadian-based junior mining and exploration company focused on existing projects in Ontario and Quebec. Mistango River Resources is listed for trading on the Canadian National Stock Exchange (the "CNSX") under the trading symbol "MIS".
The CNSX has not reviewed and does not accept responsibility for the adequacy of this release.
Forward-Looking Information
This news release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or developments that Mistango River Resources believes, expects or anticipates will or may occur in the future including, without limitation. These forward-looking statements reflect the current expectations or beliefs of Mistango River Resources based on information currently available to Mistango River Resources. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Mistango River Resources 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 effects on Mistango River Resources . Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mistango River Resources 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 River Resources believes 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, Investor RelationsGlenn C. Kasner Operations Manager
Telephone: 1 705 570-1019Telephone 1 705 567-5351
E-mail: drkasner@yahoo.com E-mail : gkasner2001@yahoo.com
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