Page 34 By Kevin V incent Even the name sounds mysterious So how did a relatively unknown company suddenly emerge as one of the Kirkland Lake region s most prolifc and potentially proftable landowners If you ask president Stephen Stew art the answer is simple W e really believe that Mistango is analogous for Kirkland Lake we are one of the biggest landholders there Stewart told investors at an April 15 2020 corporate webinar Im taking a calculated bet that that orebody still has a lot of gold in there said Stewart The company began exploration of its EbyBaldwin land package just west of the Macassa Mine in early June and if you listen to Stewart he s defnitely expecting big results It was our frst time on site as own ers of the property weve only been owneroperators of the site since November explains Stewart W e spent a lot of time doing our homework not only on with propri etary data but looking at the area It s been explored for 8090 years so there s lots of great work Stewart isnt shy about compar ing the property to Kirkland Lake Gold s nearby Macassa Mine W e certainly think it EbyBaldwin is analogous to Macassa he said That s easy to say of course he cautioned But there are a lot of compelling geological arguments So now our task is to go and follow up on our thesis which is born out of 90 years of exploration there Stewart and Mistango investors are pointing to the recent discovery of the Macassa South project which had been sitting undiscovered in the middle of the Kirkland Lake camp for more than 100 years Gold investor Eric Sprott who owns a substantial piece of Kirk land Lake Gold was gobsmacked when the maps of Mistango s land position landed on his desk recent l y Stephen Stewart one time sent me a picture of the properties that he owned that were right beside the Macassa Mine that Kirkland Lake Page 34 MLEN SPRING 2020 area play and Mistango is sitting in a good position in terms of the pro spectivity of his properties Stewart told the audience that the company has two substantial land packages with lots of gold in the ground The Kirkland Lake Mile of Gold has produced more than 25 million ounces since it was discov ered more than 100 years ago It is believed to be one of the top three gold mining region s in modern his tory The mines there include the Macassa T eckHughes W right Hargreaves and more Both Barrick Gold and Kinross are former owners of the Macassa property Mistango and their sister company Orefnders is situated in the middle of two formidable players KL Gold and Agnico Eagle the Kirkland Lake camp s largest landowner as Stewart calls them good neigh bours to have KL Gold is planning to open its 4 shaft in 2022 and Stewart says all indications point to a doubling of gold production in the area Mistango Resources formidable Gold owns in Ontar io and I thought Oh my God this guy s got the extension of the amalgamated break and the extension of the main break Sprott told listeners on his May 1st Sprott Money podcast I think the market cap of the company at that time was like two mil lion dollars or some thing I couldnt help myself so I bought a fair piece of it like I might own 30 or 40 Im not sure Sprott says it s an player in Kirkland Lake camp