Mistango River has reached an option agreement to acquire a 100% interest in the Ledden Copper-Gold Project in the Chibougamau District of Quebec. The Ledden property is comprised of 26 contiguous cell claims and is located 15 km from the town of Chibougamau.
“Our group is very interested in the potential for bulk tonnage copper-gold deposits in the Chibougamau District of Quebec. This acquisition represents an investment in a large, mineralized structure that is near surface and mostly untested. Furthermore, the area has top-tier infrastructure yet is still an emerging district in the context of open pit mining based on new interpretations our group has developed,” said Stephen Stewart, Mistango’s Chairman.
With the acquisition of Ledden, Mistango maintains significant exposure to gold with Ledden and its Kirkland Lake District assets Omega and Kirkland West, but now adds substantial exposure to copper.
The magnetic anomaly of interest on Ledden extends for over 2.5 kilometres but has only been tested over a 700m strike length. Drilling in 2017 intersected up to 0.25% copper over 40.1 metres. Several northeast trending magnetic anomalies have been outlined by detailed airborne magnetics and a drill hole in 2017 intersected 0.82 grams per tonne gold over 8.21 metres over a parallel but weaker magnetic anomaly.