Mayville Cu-Ni-PGM


Mayville Cu-Ni-PGM

Mustang has an 89% interest in Mayville Property which it acquired through a series of transactions in
2005. The Company acquired the Property subject to a 2% Net Smelter Return Royalty.  Mustang has subsequently repurchased the NSR.
The property is located approximately 140 kilometers northeast of Winnipeg. It is reachable by all weather roads and logging trails. Mineral tenure is held through unpatented mining claims.
A mineral resource was completed for Mayville in February 2013 and updated as part of the PEA.

TABLE 1-3 MINERAL RESOURCE SUMMARY AS OF NOVEMBER 27, 2013 / RPA Inc.

Mustang Minerals Corp. – Makwa-Mayville Project

Class and Deposit Tonnes
(Mt)
Ni
(%)
Cu
(%)
Pt
(g/t)
Pd
(g/t)

Au
(g/t)

Co
(%)
Indicated
Makwa
Mayville

7.2
26.6

0.61
0.18

0.13
0.44

0.10
0.05

0.36
0.14

N/A
0.05

0.01
N/A
Total Indicated 33.8 0.27 0.37 0.06 0.19 N/A N/A
Inferred
Makwa
Mayville

0.7
5.2

0.27
0.19

0.08
0.48

0.05
0.06

0.14
0.15

N/A
0.04

0.02
N/A
Total Inferred 5.8 0.19 0.43 0.06 0.15 N/A N/A

Notes:
1.     CIM Definition Standards have been followed for classification of Mineral Resources
2.     Mineral Resources are reported at a net smelter return (NSR) cut-off value of C$15/tonne at Mayville and C$20.64/tonne at Makwa
3.     At Mayville, NSR values are calculated in C$ using factors of $51 per % Cu and $41 per % Ni. These factors are based on metal prices of US$3.40/lb Cu and US$8.50/lb Ni, estimated recoveries and smelter terms, and a US$/C$ exchange rate of 0.97.
4.     The Makwa Mineral Resources are estimated using metal prices of US$3.40/lb Cu and US$8.50/lb Ni, estimated recoveries and smelter terms, and a US$/C$ exchange rate of 0.97. The NSR factors used are: $87.33 per % Ni, $29.65 per % Cu, $38.25 per % Co, $0.14 per g/t Pt and 0.08 per g/t Pd.
5.     Totals may not add correctly due to rounding.

 

TARGET AREAS FOR 2015 GROUND EM

click on image for larger view


 

MAYVILLE PIT SHELL AND COPPER GRADE:

click on image for larger view click on image for larger view  cli

 % Copper by Block

 

 

 

 

SIMPLIFIED GEOLOGY MAP OF MAYVILLE PROPERTY

   
Click on image to view larger version

   

M2 ZONE LONG SECTION Historical showing pierce point

 Click on image to view larger version

  

MAYVILLE DEPOSIT - LONG SECTION (East End)

Click on image to view larger version 

 

DRILL RESULTS

Drillhole From  To   Core Length Nickel Copper
           
  (m) (m) (m) (%) (%)
M-15 64.5 111.0  46.5 0.15 0.37
M-16 50.3 63.1  12.8 0.31 0.92
M-19 45.7 92.8  47.1 0.15 0.37
M-21 118.8 135.6  16.9 0.17 1.39
MAY05-01 6.1 46.6  40.5 0.28 0.83
MAY05-02  13.1 91.4  78.3 0.29 0.72
MAY05-03  86.6 131.7  45.1 0.26 0.81
MAY05-04  185.0 241.4  56.4 0.29 0.58
MAY 05-05  18.6 54.6  36.1 0.15 0.34
MAY 05-06  30.8 98.2  67.4 0.26 0.68
MAY 05-07  127.2 172.8  45.6 0.2 0.55
MAY 05-07  177.0 201.8  24.8 0.25 0.61
MAY 05-08 139.3 183.5  44.2 0.24 0.63
MAY 05-08  191.1 222.5  31.4 0.31 0.63
MAY 05-09  9.6 51.5  41.9 0.27 0.56
MAY 05-10 12.2 68.7  56.5 0.25 0.68
MAY 05-11 122.5 143.0  20.4 0.39 0.74
MAY 05-12 150.0 200.3  50.3 0.18 0.4
MAY 05-16 331.3 406.1  74.7 0.24 0.75
MAY 05-20 227.7 276.5  48.8 0.2 0.42
MAY 05-26 46.3 78.3  32.0 0.18 0.5
MAY 05-31  174.4 214.0  39.6 0.15 0.31
MAY 05-33 18.9 70.6  51.7 0.18 0.42
MAY 05-37 95.6 134.1  38.6 0.21 0.44
MAY 06-38 45.5 93.6  48.1 0.22 0.73
MAY 06-39 146.3 200.3  54.0 0.19 0.7
MAY 06-41 162.2 210.9  48.8 0.22 0.53
MAY 06-42 27.6 52.4  24.8 0.22 0.83
MAY 06-43 82.3 97.8  15.5 0.26 0.86
MAY 06-46 209.4 270.4  61.0 0.24 0.51
MAY 06-50 14.3 31.1  16.8 0.30 0.75
MAY 06-53 158.8 177.4  18.6 0.20 0.54
MAY 06-54  111.9 136.3  24.4 0.21 0.64
MAY 06-54 169.8 206.4  36.6 0.12 0.28
MAY 06-55 208.3 350.5  142.2 0.19 0.41
MAY 06-56 163.7 189.1  25.4 0.15 0.4
MAY 06-58 205.0 287.1  82.1 0.18 0.4
MAY 06-59 68.3 93.6  25.3 0.18 0.36
MAY 06-61 178.6 211.5  32.9 0.13 0.27
MAY 06-63 29.6 60.1  30.5 0.1 0.26
MAY 06-67 247.5 279.5  32.0 0.16 0.35
MAY 06-69 100.9 114.8  13.9 0.22 0.81
MAY 06-70 178.6 215.5  36.9 0.13 0.32
MAY 06-72 84.4 96.2  11.7 0.16 0.97
MAY 06-73 185.8 258.5  72.6 0.21 0.34
MAY 06-74 207.0 232.3  25.3 0.22 0.44
MAY12-43 361.0 387.0  26.0 0.19 0.55
MAY12-49  237.0 341.0  104.0 0.15 0.4
MAY12-56 240.7 362.0  121.3 0.16 0.38
MAY12-57 330.7 373.8  43.1 0.32 0.76
MAY12-58 211.0 217.6  6.6 0.2 0.93
MAY12-135 235.6 258.4  22.8 0.13 0.25
MAY12-136 339.3 343.4  4.0 0.22 0.85
MAY12-137 363.0 369.0  6.0 0.15 0.34
MAY12-138 309.0 337.0  28.0 0.14 0.33
MAY12-139 346.9 361.0  14.1 0.13 0.41
MAY12-140 317.0 363.0  46.0 0.15 0.43
MAY12-143 174.47 193.0 18.53 0.16 0.56
MAY13-146 99.00 103.81 4.81 0.08 0.34
MAY13-146  114.57 125.65 11.08 0.18 0.58
MAY13-149  96.50 98.50 2.00 0.01 1.34
MAY13-153 7.94 21.30 13.36 0.23 0.74
MAY13-156  33.53 41.43 7.90 0.44 1.24
MAY13-156 34.46 35.01 0.55 2.17 0.32
MAY13-156  53.75 62.00 8.25 0.11 0.29
MAY13-156  85.00 89.00 4.00 0.23 0.68

 

2013 DRILLING    (Click on images to view larger version)cl

click on 

2012 DRILLING SECTION L27W

Click on image to view larger version

2012 DRILLING SECTION L29W  

Click on image to view larger version

2012 DRILLING SECTION L31W 

Click on image to view larger version

MAYVILLE PROPERTY M2 DEPOSIT SECTION 23W (looking west)

       Click on image to view larger version

 

MAYVILLE M2 ZONE DRILL CORE FROM MAY12-57

 

 

MAYVILLE M2 ZONE  DRILL CORE FROM MAY05-16

click on image for larger view