Located in the prolific Kirkland Lake / Cadillac - Larder Lake Break, Omega is Mistango's Flagship Project with a gold resource of 580,000 ounces. Omega is proximal to Gatling Exploration's Larder Lake Project (~1M ounces) and Orefinders' Kirkland Lake / Cadillac - Larder Lake Break projects (~1.1M ounces), and shares numerous synergies with those mentioned above. Mistango is focused on developing its Omega project.
Omega is located 30km East of Kirkland Lake on 15 leased claims and two patents. Two historical production shafts exist on the property, which historically has produced ~215,000 ounces at 5.41 gpt between 1926 - 1928 and 1936 - 1947.
The Larder-Cadillac fault zone (LCFZ) has been interpreted from several aeromagnetic map products and historical geological maps.
The Mistango team has a high degree of confidence in the location of the important structure at Omega. There are three main Target zones:
A – Extension of resource along northeast trending splay structure off the LCFZ. Mineralization is contained within a mixture of north-trending porphyry dykes and Temiskaming sediments, extending to the Omega property.
B – Strongly magnetic rock unit with anomalous magnetic lows, possibly indicating Fe-sulfide replacement of magnetite, often accompanying gold deposition
C – Southwest Zone: Significant gold intersections in the Temiskaming sediments, immediately south of the Cadillac-Larder Lake Break. Here exists south-dipping LCFZ with sheared and veined metavolcanic rocks in hanging wall, and sheared and veined syenite intrusions hosted by Timiskaming Assemblage in the footwall.
Mistango will conduct geophysical studies including ground induced polarization (I.P. Survey) and detailed Drone Magnetics to delineate structural controls at the Southwest Zone and Laguerre Zone. Mistango will also undertake detailed structural mapping of surface outcrops (including any indication of lamprophyre dykes). Upon generating high-potential targets, Mistango will conduct drilling.
*Important Note Regarding Historical Mineral Resources and Mineral Reserves
Mistango cautions that a Qualified Person has not done sufficient work to classify the historical mineral resource estimates as current mineral resources or mineral reserves; Mistango is not treating the previous estimates as relevant or as current mineral resources or mineral reserves and the previous estimates should not be relied upon. Mistango considers these results as indications of the presence of mineralization on the property and will use the information to guide future exploration but the reader is cautioned not to rely on these estimates.