NICKEL RESOURCES: Makwa reserve nears 10 million tonnes

MANITOBA - To learn more about Mustang, visit www.MustangMinerals.comof Toronto has updated the mineral reserve estimate for its Makwa (formerly Maskwa) nickel project northeast of Winnipeg. The new number includes proven and probable reserves of 9.9 million tonnes grading 0.541% Ni, 0.113% Cu, 0.094 g/t Pl and 0.339 g/t Pd.

The company says the average net smelter return value of the reserves is calculated as C$60.21 of which nickel contributes 87%, copper 7%, cobalt, 2%, platinum 1% and palladium 3%. A milling rate of 1.0 million t/y over 9.8 years is planned.

Mustang says the Makwa project could expand by shipping ore from its nearby Mayville copper-nickel property. The Mayville M2 zone resource includes 21.9 million tonnes grading 0.20% Ni and 0.48% Cu.

To learn more about Mustang, visit www.MustangMinerals.com.