Mustang Alliances (OTCBB:MSTG) Very Active Since Last Thursday

Tomahawk, WI 3/5/2012 (StreetBeat) – Mustang Alliances Inc. (OTC:MSTG) announced yesterday, in a press release, that it has entered into an agreement to acquire the Bonanza Concession totaling 1,000 hectares in the Choluteca district of Honduras. The acquisition brings under Mustang's control a total of 5,400 hectares, or 54 square kilometers in the Southern Honduras area of the Nicaraguan Trough of the Central America Gold Belt. MSTG is also under a very aggressive e-mail marketing campaign of late that has really elevated its volume. Since last Thursday, March 1, MSTG has jumped from about $1 per share to its current price of $1.33 per share while averaging more than 1 million shares traded per day.

The Bonanza Concession lies between Mustang's Corpus properties and the Potosi concession giving Mustang contiguous acreage in its concessions. Previous reports on the Bonanza Concession have indicated that the Bonanza has the possibility of hosting a "high sulphidation, acid sulphate type epithermal deposit" as is found by the producing Clavo Rico gold mine located 500 meters south of the Concession.
Previously completed soil sampling and stream sediment sampling have suggested some of the target trends of the producing Clavo Rico gold mine system continue across the newly acquired ground. Historical sampling work has shown significant gold and silver values. The company is planning to immediately incorporate the Bonanza acreage into its 2012 exploration plan.

"The acquisition of potential nearby ounces coupled with an aggressive exploration program dovetails very well with our production plans for the Potosi," Robert Faber, Mustang's president commented. "This acquisition increases the scale potential of our already significant targets and adds more highly prospective ground to our portfolio. It also further positions us to be a consolidator by extending coverage over the heart of the Choluteca District which we believe has the potential to become one of Honduras' major gold producing areas."

Mustang is a junior mining company with a focus on the acquisition and development of precious metals properties in Honduras. Mustang has 6 concessions totaling 5,400-hectares under agreement in the Choluteca District of Honduras. Concessions are on trend to several world-class gold mines in the Central American gold belt, such as the El Limon mine, Nicaragua, that has produced over 3 Million Ounces of gold to date. The Mustang Concessions are in an area that has been actively worked by artisanal miners for the past 200 years.

StreetBeat Disclaimer

Distributed by Viestly