Mustang Minerals
Mustang Minerals Corp.: New PGM+Ni+Cu Mineralization Drilled at East Bull Lake, Ontario
Mustang Announces Financing
TORONTO, ONTARIO--(Marketwire - July 3, 2008) - Mustang Minerals Corp. (TSX VENTURE:MUM)(FRANKFURT:NJF) today announced results from widely spaced reconnaissance drilling on the first of several VTEM geophysical anomalies at the Company's East Bull Lake Project west of Sudbury, Ontario. The most significant result from the diamond drilling completed was a new high grade copper-nickel PGM intercept of massive sulfide in a broader intercept of PGM and nickel mineralization in drill hole EB08-02. The Company also announced it has entered into an agreement with Research Capital Corp. to act as a Lead Agent for a best-efforts private placement offering (the "Offering") of up to $3,000,000 of common shares of Mustang issued on a "flow-through" basis (the "Flow-Through Shares").
The results in EB08-02 highlight the significant high grade nature of mineralization in the intrusion and the upside exploration potential of the East Bull Property. The extent and potential of the mineralization in EB08-02 remain subject to follow up drilling. Results are considered highly encouraging in light of the fact that in addition to the shallow target drilled in the current program there are other large deep seated EM targets that remain to be tested at East Bull. These targets have been interpreted by an independent geophysical consultant from the results of a recent VTEM heliborne survey flown at East Bull by Mustang.
Results from drill hole EB08-02 are noted on the following table. This hole targeted near surface mineralization at the Parisien Lake Deformation Zone. The hole was drilled to the south for 180 meters at a dip of -70 degrees to test an airborne conductor that was associated with a previous historical area of trenching and outcrop stripping. The drill hole encountered several mineralized intervals and a subinterval included a 1.1 meter massive high grade section.
Results of the drill hole EB08-02 are:
--------------------------------------------------
EB08-02
--------------------------------------------------
From To Width(i) PGM(ii) Cu Ni
(m) (m) (m) (g/t) % %
--------------------------------------------------
7.0 19.0 12.0 0.33 0.11 0.05
--------------------------------------------------
and 45.0 55.0 10.0 0.46 0.39 0.43
--------------------------------------------------
and 88.4 93.0 4.6 3.3 2.33 0.12
--------------------------------------------------
including 89.9 91.0 1.1 12.5 9.3 0.43
--------------------------------------------------
(i)drilled width
(ii)PGM equals platinum, palladium, gold
Drill hole EB08-04 was drilled to test an IP chargeability anomaly located approximately 100 meters to the north of EB08-02. The hole encountered highly anomalous PGM values in disseminated sulfides.
----------------------------------------------
EB08-04
----------------------------------------------
From To Width(i) PGM Cu
(m) (m) (m) (g/t) %
----------------------------------------------
19.0 24.0 5.0 0.40 0.05
----------------------------------------------
and 54.0 57.0 3.0 0.80 0.30
----------------------------------------------
(i)drilled width
East Bull Lake Project - Comment
The results of the drilling are highly encouraging for the potential of the East Bull Lake Project both for base and precious metals. Previous scientific work at East Bull Lake by the Ontario Geological Survey has theorized the potential for high grade massive sulfide mineralization forming along the margins and floor of the intrusion. (see excerpt below) The VTEM geophysical survey and subsequent interpretation completed by Mustang has now confirmed the existence of such targets geophysically while the current drilling has highlighted the potential significant concentrations of platinum, palladium, copper and nickel in the massive sulfides at East Bull Lake. A focus of future work at East Bull Lake will be exploration targeting large massive sulfide bodies which are possibly at depth. A surface EM survey to further define the nature of deep seated anomalies is planned.
A 1993 Ontario Geological Survey Report on East Bull based on field investigations suggested that:
"an unexpected feature of the EBLI(sampling) data is that they compare favorably in terms of their metal abundances to the J-M Reef of the Stillwater Complex, which is one of the most platinum-group element-enriched reef-type platinum-group element deposits known.... "it suggests that the potential exists for extremely large tonnages of sulfide mineralization, perhaps even massive sulfides (along the floor of the intrusion) which have platinum-group element-enrichment level equating to reef-environments." (Ontario Geological Survey Open File Report 5849 dated 1993.)
Company President Robin Dunbar commented that
"Mustang Minerals has commenced feasibility work at its Maskwa Nickel Project in Manitoba - which remains the number one priority for the Company. However, the significant exploration results from the East Bull Lake Property demonstrate the potential for an exciting new discovery for our shareholders. Mustang will advance East Bull Lake (preferably through a joint venture on the project) while maintaining the integrity of our focus in Manitoba where notably we recently intersected a new nickel zone with an intercept of 2.7 feet grading 3.88% nickel."
QA/QC
The drill core from the diamond drill program were prepared and assayed for platinum, palladium, gold, copper and nickel at Accurassay Laboratories in Thunder Bay, Ontario. Platinum, palladium and gold were sampled using a lead pellet fire assay. Nickel and copper were analyzed by Aqua Regia dissolution with analysis by ICP. Analyses were for total nickel content. The core was split at the drill site and a sample split retained and the other sent to the laboratory. As part of the QA/QC program, blank and standards were introduced into the sample shipment at known intervals.
The drill program was designed and supervised by Joerg Kleinboeck, P.Geo., a consulting geologist with Caracle Creek International Consulting Inc of Sudbury, Ontario. Core is stored at the exploration site.
Carey Galeschuk P.Geo. is the Qualified Person for Mustang Minerals Corp. for the purposes of National Instrument 43-101.
Flow Through Financing Announcement
Mustang is pleased to announce today that it has entered into an agreement with Research Capital Corporation ("Research Capital" or "Agent") to act as its lead agent for a best-efforts private placement offering (the "Offering") of up to $3,000,000 of common shares of Mustang issued on a "flow-through" basis (the "Flow-Through Shares"). The Offering is priced at $0.44 per Flow-Through Share. Research Capital has also been granted an option to increase the size of the Offering by up to $450,000, exercisable at any time before closing.
Proceeds from the Offering will be used by Mustang to advance the ongoing development of its Maskwa Nickel Deposit. On closing of the Offering, Research Capital will receive a cash commission of 7% of the gross proceeds arising from the Offering and compensation options to acquire common shares equal to 7% of the Flow-Through Shares sold under the Offering. Any securities issued pursuant to the Offering will be subject to a four month hold period from closing.
To find out more about Mustang Minerals Corp. (TSX-V: MUM) visit our website at www.mustangminerals.com.
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects , the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parametres as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the year ended December 31, 2007 and thereafter and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 72,407,427
The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this press release.
CONTACT INFORMATION:
Mustang Minerals Corp.
David Black
Investor Relations
(416) 955-4773
Email: info@mustangminerals.com
Website: www.mustangminerals.com
INDUSTRY: Manufacturing and Production - Mining and Metals
Mustang Minerals Corp.: New PGM+Ni+Cu Mineralization Drilled at East Bull Lake, Ontario
Mustang Announces Financing
TORONTO, ONTARIO--(Marketwire - July 3, 2008) - Mustang Minerals Corp. (TSX VENTURE:MUM)(FRANKFURT:NJF) today announced results from widely spaced reconnaissance drilling on the first of several VTEM geophysical anomalies at the Company's East Bull Lake Project west of Sudbury, Ontario. The most significant result from the diamond drilling completed was a new high grade copper-nickel PGM intercept of massive sulfide in a broader intercept of PGM and nickel mineralization in drill hole EB08-02. The Company also announced it has entered into an agreement with Research Capital Corp. to act as a Lead Agent for a best-efforts private placement offering (the "Offering") of up to $3,000,000 of common shares of Mustang issued on a "flow-through" basis (the "Flow-Through Shares").
The results in EB08-02 highlight the significant high grade nature of mineralization in the intrusion and the upside exploration potential of the East Bull Property. The extent and potential of the mineralization in EB08-02 remain subject to follow up drilling. Results are considered highly encouraging in light of the fact that in addition to the shallow target drilled in the current program there are other large deep seated EM targets that remain to be tested at East Bull. These targets have been interpreted by an independent geophysical consultant from the results of a recent VTEM heliborne survey flown at East Bull by Mustang.
Results from drill hole EB08-02 are noted on the following table. This hole targeted near surface mineralization at the Parisien Lake Deformation Zone. The hole was drilled to the south for 180 meters at a dip of -70 degrees to test an airborne conductor that was associated with a previous historical area of trenching and outcrop stripping. The drill hole encountered several mineralized intervals and a subinterval included a 1.1 meter massive high grade section.
Results of the drill hole EB08-02 are:
--------------------------------------------------
EB08-02
--------------------------------------------------
From To Width(i) PGM(ii) Cu Ni
(m) (m) (m) (g/t) % %
--------------------------------------------------
7.0 19.0 12.0 0.33 0.11 0.05
--------------------------------------------------
and 45.0 55.0 10.0 0.46 0.39 0.43
--------------------------------------------------
and 88.4 93.0 4.6 3.3 2.33 0.12
--------------------------------------------------
including 89.9 91.0 1.1 12.5 9.3 0.43
--------------------------------------------------
(i)drilled width
(ii)PGM equals platinum, palladium, gold
Drill hole EB08-04 was drilled to test an IP chargeability anomaly located approximately 100 meters to the north of EB08-02. The hole encountered highly anomalous PGM values in disseminated sulfides.
----------------------------------------------
EB08-04
----------------------------------------------
From To Width(i) PGM Cu
(m) (m) (m) (g/t) %
----------------------------------------------
19.0 24.0 5.0 0.40 0.05
----------------------------------------------
and 54.0 57.0 3.0 0.80 0.30
----------------------------------------------
(i)drilled width
East Bull Lake Project - Comment
The results of the drilling are highly encouraging for the potential of the East Bull Lake Project both for base and precious metals. Previous scientific work at East Bull Lake by the Ontario Geological Survey has theorized the potential for high grade massive sulfide mineralization forming along the margins and floor of the intrusion. (see excerpt below) The VTEM geophysical survey and subsequent interpretation completed by Mustang has now confirmed the existence of such targets geophysically while the current drilling has highlighted the potential significant concentrations of platinum, palladium, copper and nickel in the massive sulfides at East Bull Lake. A focus of future work at East Bull Lake will be exploration targeting large massive sulfide bodies which are possibly at depth. A surface EM survey to further define the nature of deep seated anomalies is planned.
A 1993 Ontario Geological Survey Report on East Bull based on field investigations suggested that:
"an unexpected feature of the EBLI(sampling) data is that they compare favorably in terms of their metal abundances to the J-M Reef of the Stillwater Complex, which is one of the most platinum-group element-enriched reef-type platinum-group element deposits known.... "it suggests that the potential exists for extremely large tonnages of sulfide mineralization, perhaps even massive sulfides (along the floor of the intrusion) which have platinum-group element-enrichment level equating to reef-environments." (Ontario Geological Survey Open File Report 5849 dated 1993.)
Company President Robin Dunbar commented that
"Mustang Minerals has commenced feasibility work at its Maskwa Nickel Project in Manitoba - which remains the number one priority for the Company. However, the significant exploration results from the East Bull Lake Property demonstrate the potential for an exciting new discovery for our shareholders. Mustang will advance East Bull Lake (preferably through a joint venture on the project) while maintaining the integrity of our focus in Manitoba where notably we recently intersected a new nickel zone with an intercept of 2.7 feet grading 3.88% nickel."
QA/QC
The drill core from the diamond drill program were prepared and assayed for platinum, palladium, gold, copper and nickel at Accurassay Laboratories in Thunder Bay, Ontario. Platinum, palladium and gold were sampled using a lead pellet fire assay. Nickel and copper were analyzed by Aqua Regia dissolution with analysis by ICP. Analyses were for total nickel content. The core was split at the drill site and a sample split retained and the other sent to the laboratory. As part of the QA/QC program, blank and standards were introduced into the sample shipment at known intervals.
The drill program was designed and supervised by Joerg Kleinboeck, P.Geo., a consulting geologist with Caracle Creek International Consulting Inc of Sudbury, Ontario. Core is stored at the exploration site.
Carey Galeschuk P.Geo. is the Qualified Person for Mustang Minerals Corp. for the purposes of National Instrument 43-101.
Flow Through Financing Announcement
Mustang is pleased to announce today that it has entered into an agreement with Research Capital Corporation ("Research Capital" or "Agent") to act as its lead agent for a best-efforts private placement offering (the "Offering") of up to $3,000,000 of common shares of Mustang issued on a "flow-through" basis (the "Flow-Through Shares"). The Offering is priced at $0.44 per Flow-Through Share. Research Capital has also been granted an option to increase the size of the Offering by up to $450,000, exercisable at any time before closing.
Proceeds from the Offering will be used by Mustang to advance the ongoing development of its Maskwa Nickel Deposit. On closing of the Offering, Research Capital will receive a cash commission of 7% of the gross proceeds arising from the Offering and compensation options to acquire common shares equal to 7% of the Flow-Through Shares sold under the Offering. Any securities issued pursuant to the Offering will be subject to a four month hold period from closing.
To find out more about Mustang Minerals Corp. (TSX-V: MUM) visit our website at www.mustangminerals.com.
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects , the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parametres as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the year ended December 31, 2007 and thereafter and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 72,407,427
The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this press release.
CONTACT INFORMATION:
Mustang Minerals Corp.
David Black
Investor Relations
(416) 955-4773
Email: info@mustangminerals.com
Website: www.mustangminerals.com
INDUSTRY: Manufacturing and Production - Mining and Metals
Der Markt arbeitet anders als du dir das vorstellst. Solche Textphrasen sind BEDEUTUNGSLOS.
Zur Zeit sind die "Zittrigen" am Verkaufen.
Laut meinem verehrten KOSTO muss man sich da zurückhalten bis das vorbei ist, egal wie lange das dauert.
Das Alltimelow liegt so bei 0,18. Ich denke, da warten wir noch 1 Woche ab, dann haben wirs unterschritten. Dann könnte man mal ein Sümmchen riskieren.
Aber das weiß jeder Profi auch ohne dass man solche Pseudo-Veröffentlichungen reinkopiert.
TORONTO, ONTARIO--(Marketwire - July 16, 2008) - Mustang Minerals Corp. (TSX VENTURE:MUM) (the "Company") is pleased to announce that, further to its press release of July 3, 2008, the Company has increased the size of its brokered private placement with Research Capital Corporation (the "Research Capital"), including an over allotment option, to a total of $4,000,040 (the "Offering").
The Offering is for up to $3,000,000 of common shares of the Company issued on a flow-through basis (the "Flow-Through Shares"). Research Capital has agreed to act as lead agent on a best-efforts private placement. The Offering is priced at $0.44 per Flow-Through Share. The Company has increased the over allotment option granted to Research Capital to $1,000,040, exercisable at any time before closing.
Proceeds from the Offering will be used by Mustang to advance the ongoing development of its Maskwa Nickel Deposit. On closing of the Offering, Research Capital will receive a cash commission of 7% of the gross proceeds arising from the Offering and compensation options to acquire common shares equal to 7% of the Flow-Through Shares sold under the Offering. Any securities issued pursuant to the Offering will be subject to a four month and one day hold period from closing.
All other aspects to the financing remain unchanged. The Offering is subject to regulatory approval and the completion of definitive documentation and is scheduled to close on or about July 17, 2008.
To find out more about Mustang Minerals Corp. (TSX-V: MUM) visit our website at www.mustangminerals.com
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects , the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parametres as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the year ended December 31, 2007 and thereafter and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 72,407,427
The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this press release.
Mustang Announces Increase to Brokered Financing
TORONTO, ONTARIO--(Marketwire - July 16, 2008) - Mustang Minerals Corp. (TSX VENTURE:MUM) (the "Company") is pleased to announce that, further to its press release of July 3, 2008, the Company has increased the size of its brokered private placement with Research Capital Corporation (the "Research Capital"), including an over allotment option, to a total of $4,000,040 (the "Offering").
The Offering is for up to $3,000,000 of common shares of the Company issued on a flow-through basis (the "Flow-Through Shares"). Research Capital has agreed to act as lead agent on a best-efforts private placement. The Offering is priced at $0.44 per Flow-Through Share. The Company has increased the over allotment option granted to Research Capital to $1,000,040, exercisable at any time before closing.
Proceeds from the Offering will be used by Mustang to advance the ongoing development of its Maskwa Nickel Deposit. On closing of the Offering, Research Capital will receive a cash commission of 7% of the gross proceeds arising from the Offering and compensation options to acquire common shares equal to 7% of the Flow-Through Shares sold under the Offering. Any securities issued pursuant to the Offering will be subject to a four month and one day hold period from closing.
All other aspects to the financing remain unchanged. The Offering is subject to regulatory approval and the completion of definitive documentation and is scheduled to close on or about July 17, 2008.
To find out more about Mustang Minerals Corp. (TSX-V: MUM) visit our website at www.mustangminerals.com
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects , the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parametres as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the year ended December 31, 2007 and thereafter and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 72,407,427
The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this press release.
CONTACT INFORMATION:
Mustang Minerals Corp.
David Black
Investor Relations
(416) 955-4773
Email: info@mustangminerals.com
Website: www.mustangminerals.com
INDUSTRY: Manufacturing and Production - Mining and Metals
Footer
TORONTO, ONTARIO--(Marketwire - July 17, 2008) - Mustang Minerals Corp. (TSX VENTURE:MUM) (the "Company") is pleased to announce that it has completed its previously announced brokered private placement financing of flow-through shares (the "Offering"). Due to investor demand the over-allotment option was increased and exercised by the Agent and the Company realized gross proceeds of $3,881,157.
Research Capital Corporation ("Research Capital") acted as lead agent in the Offering. A total of 8,820,812 flow-through shares were issued at a price of $0.44 per flow-through share. The Company paid cash commissions totaling $269,231.61 to the agents involved in the Offering; $257,156.62 of which was paid directly to Research Capital. In addition, compensation warrants were granted to Research Capital to acquire common shares of the Company equal to 7% of the number of flow-through shares issued pursuant to the Offering (617,456 compensation warrants) exercisable at a price of $0.44 per warrant until July 17, 2010.
The proceeds of the Offering will be used to incur Canadian Exploration Expense and will be used to fund further exploration primarily at the Maskwa/Mayville Property in Manitoba as well as the Company's Ontario exploration properties.
The flow-through shares issued will be subject to a hold period of four months and one day from date of closing.
To find out more about Mustang Minerals Corp. (TSX-V: MUM) visit our website at www.mustangminerals.com.
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects , the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parametres as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the year ended December 31, 2007 and thereafter and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 81,228,239
The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this press release.
TORONTO, ONTARIO--(Marketwire - 17. Juli 2008) - Mustang Minerals Corp. (TSX RISIKO: MAMA) (das " Company") freut sich, zu verkünden, dass es seine vorher verkündete brokered Privatplatzierung Finanzierung fließen-durch der Anteile abgeschlossen hat (das " Offering"). Wegen der Investornachfrage wurde die Überzuteilung Wahl erhöht und trainierte durch das Mittel und die Firma verwirklichte grobe Erträge von $3.881.157.
Research Capital Corporation (" Forschung Capital") aufgetreten als Bleimittel im Angebot. Insgesamt 8.820.812 fließen-durch Anteile wurden zu einem Preis von $0.44 pro fließen-durch Anteil herausgegeben. Die Firma zahlte die Einziehungsprovisionen, die $269.231.61 auf die Mittel sich belaufen, die im Angebot mit einbezogen wurden; $257.156.62 von denen direkt gezahlt wurde, Kapital zu erforschen. Zusätzlich wurden Ausgleich Ermächtigungen Forschung Kapital bewilligt, um allgemeine Anteile der Firma zu erwerben, die bis 7% der Zahl fließen-durch den Anteilen gleich ist, die gemäß dem Angebot herausgegeben wurden (617.456 Ausgleich Ermächtigungen) exercisable zu einem Preis von $0.44 pro Ermächtigung bis 17. Juli 2010.
Die Erträge des Angebots werden verwendet, um sich auf kanadische Erforschung-Unkosten zu nehmen und werden verwendet, um weitere Erforschung hauptsächlich am Maskwa/Mayville Eigentum in Manitoba sowie die Ontario der Firma zu finanzieren Erforschungeigenschaften.
Fließen-durch die herausgegebenen Anteile abhängig von einem Einflusszeitraum von vier Monaten und von einem Tag nach das Schließen sein.
Zu mehr über Mustang Minerals Corp. herausfinden (TSX-V: MAMA) Besuch unsere Web site bei www.mustangminerals.com.
Diese Pressenotiz enthält vorausschauende Aussagen im Sinn von der Vereinigte Staaten privaten Sicherheiten Rechtsstreit-Verbesserung-Tat von 1995 und vorausschauende Informationen im Sinn von der Sicherheiten Tat (Ontario) (zusammen, " vorausschauendes statements"). Solche vorausschauenden Aussagen können die Pläne der Firma für seine Mineralprojekte, das Gesamtwirtschaftspotential seiner Eigenschaften, die Verwendbarkeit der ausreichenden Finanzierung und die bekannten und unbekannten Risiken mit einbeziehen, die Ungewissheiten und andere Faktoren umfassen, die die tatsächlichen Resultate, die Leistung oder die Ausführungen verursachen können, die durch solche vorausschauenden Aussagen ausgedrückt werden oder angedeutet sind, um materiell unterschiedlich zu sein. Solche Faktoren umfassen, unter anderem, Risiken und Ungewissheiten in Bezug auf die möglichen politischen Risiken, welche die Betriebe der Firma mit einbeziehen, Ungewissheit Produktion und der Kostenvoranschläge und des Potenzials für unerwartete Kosten und Unkosten, die körperlichen Risiken, die in den Bergbaubetrieben zugehörig sind, Währungsschwankungen, Fluktuationen in den Preis des Nickels und andere Metalle, Beendigung der ökonomischen Auswertungen, die Änderungen in den Projekt parametres, während Pläne fortfahren weiter entwickelt zu werden, die Unfähigkeit oder die Störung, ausreichende Finanzierung auf einer fristgerechten Basis zu erhalten und andere Risiken und Ungewissheiten, einschließlich die, die in der Management-Diskussion und der Analyse der Firma für das Jahr beendet 31. Dezember 2007 und danach und materielle Änderung Reports gearchiviert mit den kanadischen Sicherheiten Verwaltern und vorhanden bei www.sedar.com beschrieben werden.
Ausgegebene Aktien: 81.228.239
Der TSX Risiko-Austausch hat nicht Verantwortlichkeit für den Inhalt dieses Pressekommuniqués wiederholt nicht und annimmt
Euern Quatsch kann man nicht mehr aushalten! Stop!!
Ich krümme mich vor Lachen....
Beispiel:
"Fließen-durch die herausgegebenen Anteile abhängig von einem Einflusszeitraum von vier Monaten und von einem Tag nach das Schließen sein."
Das erklärt ja jetzt endgültig alles was man zu MUSTANG wissen muss.
Mustang Builds Project Development Team
TORONTO, ONTARIO--(Marketwire - Aug. 5, 2008) - The Board of Directors of Mustang Minerals Corp. (TSX VENTURE:MUM) (FRANKFURT:NJF) is pleased to announce the appointment of Ian Ward P.Eng as Senior Vice President of Mustang. Mr. Ward's primary role, commencing in September 2008 will be to oversee the completion of a positive feasibility study for the Maskwa Nickel Project located near Lac du Bonnet Manitoba, and subsequently to drive the project financing and development effort.
Ian Ward is currently President and Principal Metallurgist with Micon International Limited, mineral industry consultants. In his current position at Micon, Mr. Ward has been involved in the completion of feasibility studies for mining projects worldwide as a principal consultant for the primary resources sector as well as senior level review of project feasibility studies as technical advisor to financial institutions providing project financing.
Mr. Ward gained plant operating experience with four Canadian mining companies and has been engaged in consulting since 1979, when he joined Kilborn Engineering Ltd. (now SNC-Lavalin), with which firm he remained until joining Micon in April, 1996. Since commencing consulting, he has held responsibilities for projects throughout Canada, the United States and Latin America, Britain, Spain, Tunisia, Russia and Saudi Arabia.
Mustang Minerals Corp. recently completed a prefeasibility study for an open pit nickel project in southeastern Manitoba approximately 140 km northeast of Winnipeg. Current project activities underway involve additional metallurgical testwork, assaying of recently drilled resource holes leading towards an updated resource calculation, baseline environmental studies and commencement of community and First Nations engagement.
Grant of Incentive Options
A total of 600,000 incentive options (300,000 exercisable @ $0.80 and 300,000 exercisable at $1.00) will be granted to Mr. Ward as part of his compensation upon commencement of his employment with Mustang Minerals. The options are subject to the approval of the TSXV and will vest over a period of one year. A further 520,000 incentive options are to be granted to non-executive directors of the Company at an exercise price of $0.80.
To find out more about Mustang Minerals Corp. (TSX-V: MUM) visit our website at www.mustangminerals.com.
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include the Company's plans for its mineral projects, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations, uncertainty of production and costs estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of nickel and other metals, completion of economic evaluations, changes in project parametres as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Management Discussion and Analysis for the year ended December 31, 2007 and thereafter and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
Shares Outstanding: 81,228,239
The TSX Venture Exchange has not reviewed and does not accept responsibility for the contents of this press release.
CONTACT INFORMATION:
Mustang Minerals Corp.
David Black
Investor Relations
(416) 955-4773
Email: info@mustangminerals.com
Website: www.mustangminerals.com
INDUSTRY: Manufacturing and Production - Mining and Metals
Highflyer? Highflyer? Jahrhundert cange Vermögensvernichter Ende
Highflyer?
unglaublich aber wahr
Merkts eigentlich niemand?
Damals stieg das Kapital zuerst aus, die Kleinanleger haben bis zum Schluss gehofft.
Denn es kamen massenweise Durchhalteparolen.
Und am Schluß saßen sie mit -95% Verlust da.
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Übrigens: "-95% Verlust" will ich auch!!!
Nun zu Mustang:
MINING PEOPLE IN THE NEWS: Adanac Moly, Aurora Energy, FNX Mining, Mustang Minerals, Northland Resources, PhosCan and Royal Roads
Vancouver's ADANAC MOLYBDENUM has appointed Peter R. Jones as chairman, president and CEO. He has been president and CEO of HudBay Minerals and has also been chairman of the Mining Association of Canada for the past two years. As well, the company named Christopher C. Kirby VP and CFO and Kenneth W. Calligar VP finance.
Bruce Dumville is the new president and CEO of Vancouver-based AURORA ENERGY RESOURCES. He takes over from Mark O'Dea who will become deputy chairman. Dumville is a former Falconbridge employee who oversaw the Koniambo nickel development in New Caledonia. Recently he was Xstrata's general manager at the Canadian Copper Refinery in Montreal and the Horne copper smelter in Rouyn-Noranda, as well as Xstrata Recycling.
Separately, AURORA announced the appointment of Chesley Anderson to the newly created position of VP Labrador Affairs. He will be based in Labrador and hold a key position on the company's Michelin Project Community Panel.
FNX MINING of Toronto announced that Terry MacGibbon will assume the roles of chairman and CEO, positions that will be left vacant by the resignation of John Lill effective Aug. 31, 2008.
Toronto-based MUSTANG MINERALS has named Ian Ward senior VP to guide the completion of a feasibility study on the Maskwa Nickel project in Manitoba.
PHOSCAN CHEMICAL CORP. of Toronto has made Ian Pritchard its new executive VP operations and projects. He was most recently senior VP projects for De Beers Canada where he oversaw the engineering and development for the Victor and Snap Lake diamond mines. PhosCan is engaged in the development of the Martison phosphate mine, beneficiation plant, phosphoric acid plant and solid fertilizer production facility 70 km north of Hearst, Ontario.
Following the completion of the business combination with Buchans River Ltd., ROYAL ROADS CORP. of Halifax has made changes to its slate of directors and officers. The board consists of Warren MacLeod, William Felderhof, David Felderhof, Edmund Merringer, Steven Poad, Terry Coughlan and William Rogers. John Rawding resigned from the board but remains with the company as CFO. Scott Harkness also resigned from the board and is now assistant corporate secretary.
More Headlines | Personalized News Alerts |
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Stuttgart (www.rohstoffe-go.de) Der weltweit viertgrösste Nickelproduzent Xstrata hat die Falcondo-Mine in der Dominikanischen Republik geschlossen. Der Nickelpreis verzeichnete im Mai 2007 ein Allzeithoch bei 51.800 USD. Heute morgen legt der Nickelpreis an der LME um 1,1 % auf 18.250 USD zu.
Die Schliessung der Mine soll laut Xstratas CEO Ian Pearce vorerst vier Monate andauern. Die Mine produziert pro Jahr 29.000 Tonnen Nickel, was 2 % der weltweiten Produktion entspricht. Auch andere Nickelproduzenten haben aufgrund der niedrigen Preise die Produktion reduziert. Der drittgrösste russische Produzent Industrial Metallurgical Holding hat Ende Juli zwei seiner Betriebsstätten für zwei Wochen geschlossen. Minara Resources der zweitgrösste australische Produzent, hat beschlossen, seine Expansionspläne zurückzustellen.
http://www.emfis.de/global/global/nachrichten/...lpreise_ID73027.html
Aber nachdem heute das von mir schon vor langer Zeit prophezeite Allzeittief erreicht wurde - und immer noch nicht ansatzweise eine Stabilisierung in Sicht ist -
dann nenne ich diese Aktie einfach nur MÜLL.
Gott sei Dank schau ich mir dieses Drama nur auf der Watchliste an.
-> werd mein abo 100%ig nicht verlängern!
evtl. gibts hier noch den 1 oder anderen dem es ähnlich geht? wenn, ja schreibt mir doch mal ne boardmail wie eure einstellung für die zukunft in sachen mustang steht. thx
TORONTO, ONTARIO--(Marketwire - Sept. 12, 2008) - The Board of Mustang Minerals Corp. (TSX VENTURE:MUM)(FRANKFURT:NJF) is pleased to announce an agreement to explore the East Bull Lake Project, 80km west of Sudbury in Ontario, Canada (Figure 1).
Western Areas (TSX:WSA)(ASX:WSA) can earn a 65% interest in the project from Mustang Minerals by funding up to C$4.5M in two stages over five years. The project includes net smelter royalty interests. The main purpose of the joint venture is to drill out a number of high quality nickel-copper-platinum group metals ("PGM") targets already defined by Mustang. Several of the targets coincide with highly anomalous sulphide hosted mineralisation in surface samples and in shallow drilling. The targets are also associated with previously unrecognised VTEM anomalies identified in a survey flown by Mustang in 2007.
East Bull Lake is a 20km long mafic intrusive complex which consists of two separate zoned intrusions joined by a 5km long feeder dyke (Figure 2). The project is considered to have excellent potential to host significant nickel/copper/PGM deposits within a world class metal province. The nearby Sudbury mining camp is the world's largest nickel producer. Total production at Sudbury since the 1880's, plus remaining ore reserves and mineral resources equates to approximately 18Mt nickel with significant copper/PGM credits.
Mineral rights covering the East Bull Lake intrusion have been held by Mustang since 1998. The project has also been the subject of several years of research by the Ontario Geological Survey. A 1993 Ontario Geological Survey Report (Open File Report 5849 by Peck, James Chubb et al) concluded that the "potential exists for extremely large tonnages of sulphide mineralisation, perhaps even massive sulphides (along the floor of the intrusion), which have platinum-group element-enrichment levels equating to reef environments."
Western Areas is planning to commence drilling at four priority targets in October.
Recent Exploration
Mustang has identified widespread surface PGM mineralisation at the East Bull Lake intrusion with individual grab sample assays up to 16.5g/t combined platinum-palladium-gold. (These results are reported in a NI 43-101 Report dated March 15, 2000 and an Addendum dated July 18, 2000 - Alar Soever B.Sc.P.Geo (Sask) Qualified Person)
In May 2007, Mustang completed a detailed Geotech heliborne VTEM survey over the project. This survey identified previously unknown VTEM anomalies which in several locations are associated with highly anomalous nickel-copper-PGM values in surface samples and drilling.
Initial drilling of the first VTEM target (Parisien Lake) in early 2008 yielded intersections including 1.1m @ 9.3% copper and 12.5g/t PGM from 89m down hole depth and 10m at 0.4% nickel at shallow depth. Historical drilling at East Bull Lake prior to Mustang's involvement intersected 0.5m @ 3.9% nickel in the central part of the intrusion.
Figure 1: Location of East Bull Lake intrusion is available at the following web link: http://media3.marketwire.com/docs/mum0912fig1.pdf.
Proposed Drilling Program