• The East Bull Lake PGM Property is located 80 km west of Sudbury Ontario. The property covers the East Bull Lake Intrusion. Mustang holds a 100% interest in the claims subject to underlying Net Smelter Royalties.
  
  
• The claim block at East Bull covers approximately 90% of the East Bull Lake gabbro-anorthosite layered intrusion.
  (Click here for the East Bull Lake PGM Property Location Map).
  
  

Trench at East Bull

Main Sulphide Zone, Parisien Deformation Zone, East Bull Lake Property


Net Textured sulphides from hole # 2 at East Bull, May 2008

Massive sulphides from hole 2 at East Bull , May 2008

Viewing core at the Parisien Deformation Zone, East Bull Project, May 2008

Exploration by Mustang

Mustang has held the property since the fall of 1998. To date 32 holes have been drilled in three locations on the property.

During the 2000 field season an active mapping and sampling program was implemented to cover approximately 20 kilometers of the prospective contact of the intrusion. The work resulted in the outlining of several high priority drill targets.

Mineral Exploration History

Limited activity took place between 1950 and 1962 involving a number of mining and exploration companies that were exploring a portion of the property for copper and nickel deposits. The potential for PGM deposits on the property was not considered until the late 1980's, by which time the central part of the property (including the Moon Lake Target area) had been withdrawn from staking. In 1990, the Ontario Ministry of Northern Development provided funds to Laurentian University to study the mineral potential of intrusive rocks between Sudbury and Elliot Lake. These studies focused mainly on the East Bull Lake Intrusive. From 1990 to 1995 fieldwork including geological mapping, sampling (over 1,000 samples), and analysis of Atomic Energy of Canada's drill core was completed. Metallurgical and petrographic studies were also completed. The 1993 Ontario Geological Survey Reports concluded that the "potential exists for extremely large tonnages of sulphide mineralization, perhaps even massive sulphides (along the floor of the intrusion), which have platinum-group element-enrichment levels equating to reef environments."
 

Drill Results

Detailed drill results from the East Bull Lake PGM Property are summarized in the company’s press releases. To date drilling has tested less than 5% of the horizon prospective for PGM. The most significant drill results came from the Bullfrog target area on the southern contact of the intrusion. Significant drill intercepts in the Bullfrog target area are listed below.