Mustang Minerals Corp.: Corporate Update

Sep. 09, 2011 08:25AM PST

Mustang Minerals Corp. (CVE:MUM,FRA:NJF) reported it is doing a feasibility study at the Makwa nickel project and continuing exploration at the Mayville property.

Mustang Minerals Corp. (TSXV:MUM,FRA:NJF) reported it is doing a feasibility study at the Makwa nickel project and continuing exploration at the Mayville property.

The press release is quoted as saying,

Mayville has a NI 43-101 resource of open pit copper nickel and is the site of new platinum-palladium mineralization found at the property earlier in 2011.

PGM Exploration Update

The Company has now completed geological mapping and sampling over a recently cut grid area of the favourable stratigraphy hosting the PGM Zone at Mayville. Mapping has identified a heterolithic breccia prospective for copper nickel mineralization and a melagabbro prospective for PGM mineralization which extends for approximately 1 km in an east west direction. Rock chip sampling as part of the mapping program returned anomalous values in the 250 ppb range combined platinum/palladium which are similar values to those seen peripheral to the higher grade PGM intercepts in drill core announced earlier in the year.

For the complete press release, click here.

tsxv:mum platinum investing