Mustang Minerals Corp. and 19.9% shareholder Western Areas NL are pleased to announce a significant new drill discovery of platinum and palladium mineralization at shallow depth at Mustang's 100% owned Mayville Property. The Mayville Property covers a large part of the northern portion of the Bird River Intrusive Complex in southeastern Manitoba.
Diamond drill hole MAY11-07 intersected 9.15 meters at an average grade of 9.5 g/t combined platinum and palladium (from 55.5m depth) within a wider zone of 41.16 meters at an average grade of 2.9 g/t PGM. The highest grade interval in MAY11-07 is 1.52 m at 8.9 g/t platinum and 22.6 g/t palladium. This interval also assayed 0.7 g/t rhodium in addition to the platinum and palladium with the 9.1 meter section from 55.5 meters assaying 0.27 g/t rhodium.
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