Mustang Minerals Corp.

Mustang Minerals Corp.

Mustang Minerals Corp. ( TSXV:MUM, Frankfurt:NJF) is focused on development of the Maskwa Nickel Project in Manitoba Canada and is an active exploration company. At Maskwa, in May 2008 ,the Company received positive results from its prefeasibility study at their open pit nickel project.Micon Engineering concluded:"the Maskwa Project contains an economic mineral reserve and warrants continued development to the full feasibility stage". Mustang announced an update to the Makwa Project Economics in March 2010. In February 2010 a revised Mineral Reserve was announced. The Probable Reserve (diluted ) estimate was 9.855Mt grading 0.54% Ni, 0.11% Cu, 0.02% Co and 0.434/t (Pt plus Pd). ( Micon International ) The reserve was updated with revised metal prices including Nickel (USD 9.00/lb), Copper (USD 3.00/lb), Cobalt (20.00/lb), Platinum (1500.00/oz), Palladium (375.00/oz). A dollar exchange rate of 0.90US equaling 1.00CDN was used. The nickel price and exchange rate were within the sensitivity range examined in the Prefeasibility Study of May 2008.

Contact Details

Office Address

Mustang Minerals Corp.
65 Queen St. West, Ste. 530
Toronto, ON, Canada M5H2M5
Phone: (416) 955-4773
Fax: (416) 955-4771

Executives

President and Director

Robin E. Dunbar

CFO

Alex Falconer

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