Mustang Minerals Corp.

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Description

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." The Company continues to focus on enhancing project economics for the Maskwa Nickel Project including developing a longer mine life. As outlined in the 2008 prefeasibility study, the project will utilize well established processing methods and entail a modest project capital cost. Continued project improvement is the corporate focus for 2009. Western Areas NL (ASX/TSX: WSA), an Australian nickel producer, has acquired approximately 17% equity interest in Mustang and is contributing technical expertise to assist in project development

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