The Teck-Kirkland Property covers 2,105 hectares and includes the western boundary of Macassa Mine property of Kirkland Lake Gold
Mistango River Resources has completed the acquisition the Teck-Kirkland Property from Hinterland Metals.
The financial details of the transaction are not disclosed.
The Teck-Kirkland Property covers 2,105ha and includes the western boundary of Macassa Mine property of Kirkland Lake Gold and also includes claims on the Amalgamated, Main, Cadillac and Kirana Faults.
The property includes 47 cell boundary claims and 24 patents and mining licenses of occupation.
The acquisition nearly doubles the size of Mistango’s Eby-Baldwin
The acquisition nearly doubles the size of Mistango’s Eby-Baldwin that brings the property to a total of 4,300 hectares.
The extended land package is near Kirkland Lake Gold’s Macassa Mine, which is claimed to be one of the world’s highest grade gold mines.
Eby-Baldwin, which is located contiguous with Kirkland Lake Gold’s Macassa Mine, is adjacent to Agnico Eagle’s Upper Beaver deposit property.
Mistango said that its data compilation has identified great geological potential at Eby-Baldwin as well as highlighted numerous gold bearing structures at the property including the Main, Amalgamated and Kirana breaks converge with the Cadillac Larder Lake Break.
The firm said: “The confluence of these breaks provides for geological similarities to the Macassa mine. While the Main Break is considered the most important structure at the Macassa mine, the more recent discovery of the South Mine Complex is structurally governed by the Amalgamated Break.
“Eby-Baldwin strategically hosts both structures within its property boundaries. The acquisition of the Teck-Kirkland property from Hinterland extends the Eby-Baldwin project northeastwards, encompassing more of the Kirana and Main breaks.”
Mistango is planning for a considerable drill program, especially now that it has expanded its land holding at the Eby-Baldwin project.