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As of 10:15 AM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

mustang minerals corp (MUM) Snapshot

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mustang minerals corp (MUM) Details

Mustang Minerals Corp. explores and develops base and precious metal mineral properties. It explores for nickel, copper, and platinum group metals. The company primarily focuses on the development of the Makwa Mayville Copper-Nickel-Cobalt-PGM Project located in Manitoba, Canada. It also has interests in the Tanco Property located in southeast Manitoba; and the East Bull Lake, the River Valley, and the Bannockburn Nickel projects located in Ontario. Mustang Minerals Corp. was incorporated in 1997 and is headquartered in Toronto, Canada.

Founded in 1997

mustang minerals corp (MUM) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$150.0K
Chief Financial Officer
Total Annual Compensation: C$44.0K
Vice President of Exploration
Total Annual Compensation: C$158.0K
Compensation as of Fiscal Year 2013.

mustang minerals corp (MUM) Key Developments

Mustang Minerals Updates Exploration Activities at Makwa Mayville Nickel Copper Project

Mustang Minerals Corp. announced an exploration update regarding its Makwa Mayville Nickel-Copper-PGM Project in southeastern Manitoba. Follow up geophysical interpretation of survey data has identified additional target areas at its Mayville Property. The Company will be commencing a program of ground geophysics over the target areas. The Mayville Cu-Ni Deposit has a strike length of 1.2 kilometers and has been drilled to a maximum depth of 370 vertical meters. A helicopter-borne Z-Axis Tipper Electromagnetic (ZTEM) and Aeromagnetic geophysical survey was flown over the deposit in 2010. The ZTEM survey provided a well-defined and correlated geophysical signature for the known mineral resource at Mayville. Recently, depth slices and 3D imaging were generated from the survey to assist in interpreting the potential for mineralization to depth past its known limits. The Keel Target is the potential depth extension at the east end of the Mayville deposit where drilling encountered some of the best grade thickness profiles at Mayville. There may also be an offset to the mineralization. In order to further evaluate this area a ground EM survey is planned. The Mayville South (Tanco) target is a ZTEM response coincident with an east-west trending gabbro/ultramafic package. The anomaly becomes prominent at approximately 300m vertical depth and continues to depth. The anomaly extends for approximately 700 meters in an east-west direction. No significant surface mineralization is associated directly with this anomaly with most of the area having no outcrop exposure. The target is hosted in a gabbro ultramafic complex with associated mineralization. A ground EM survey is also planned to further characterize this target. A third target is a coincident VTEM/ZTEM anomaly at the north margin of the Mayville Intrusion. The company has also tabulated the results of a trenching and sampling program at the former producing Dumbarton Mine located on the Makwa Property. Samples were taken from four trenches over an 1,100m strike length to assess the at surface mineralized potential of the crown pillar along the Dumbarton Mine horizon. The sampling confirmed mineralization occurs at each the four trench sampling locations in disseminated and semi-massive sulfides. Based on the encouraging results further work is required to define the potential for the Dumbarton Mine horizon to add an incremental resource to the Makwa Mayville Project. The trenching was undertaken as part of the recommendation from the Preliminary Economic Assessment for the Project. Details of the trench sampling program have been posted on the Mustang website. Mining at Dumbarton and the F Zone occurred from 1969-1974 during which time 1.8 Mt was mined at an average grade of 0.81% Ni and 0.30% Cu.

Mustang Minerals Corp. Auditor Raises 'Going Concern' Doubt

Mustang Minerals Corp. filed its Annual on Mar 13, 2015 for the period ending Dec 31, 2014. In this report its auditor, McGovern, Hurley, Cunningham, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Mustang Minerals Corp. Announces Resignation of Julian Hanna as a Director

Mustang Minerals Corp. announced Julian Hanna has resigned as a director of the company effective immediately in order to focus on his other professional interests including his role as Managing Director of MOD Resources. Mr. Hanna was appointed a director of Mustang in 2007.


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