Mustang Minerals Corp.: Corporate Update

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.