Archive for the �Press Release� Category

March 27^th, 2012 – Winnipeg, MB – Mainstream Minerals Corporation (TSX-V: MJO) (“Mainstream”) is pleased to announce that it has closed the first tranche of a non-brokered private placement that was initially announced on February 6^th, 2012.  A total of 1,880,000 Units (as described below) were sold to subscribers resident in the Provinces of British Columbia, New Brunswick and Manitoba (and to certain purchasers resident in jurisdictions outside of Canada) at a purchase price of $0.05 per Unit for gross proceeds of $94,000.00.  Mainstream intends to close the second and final tranche of this non-brokered private placement on or before April 28^th, 2012.

 

Each Unit was comprised of one common share of Mainstream (a “Common Share”) and one half (1/2) of one Common Share purchase warrant (each whole warrant a “Warrant”). Each whole Warrant may be exercised to purchase one Common Share upon payment $0.10 for a period of 12 months following the date of issuance. A finder’s fee equal to     6 % of the subscription proceeds may be paid to registered dealers for services rendered in introducing certain subscribers to the offering (each, a “Finder”).  In addition to the finder’s fee, brokers warrants equivalent to 6% of the number of Units subscribed for in this non-brokered placement may be paid to Finders. Each broker warrant can be exercised to purchase one non-flow-through common share upon payment of $0.10 for a period of 12 months following the date of issuance.

 

The closing of this non-brokered private placement is subject to the approval of the TSX Venture Exchange Inc. The shares issued in connection with this non-brokered private placement will be subject to a four-month plus one-day hold period.

 

Mainstream Minerals intends to utilize the proceeds from the subscription for Units for working capital, general corporate purposes and for the maintenance of its mineral property claims.

 

About Mainstream Minerals

Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of possibly bringing such properties to commercial production. With a portfolio of six projects located in the Birch-Uchi Greenstone Belt, Red Lake Mining District, the company is well positioned to take advantage of the resurgence of exploration and development activities in this prospective belt located 80 kilometres due east of the main Red Lake Greenstone Belt. These six projects cover an area of approximately 28,600 acres and host several known gold occurrences and past producing mines. Other projects include the recently optioned Rowan Lake Project on the Cameron Lake-Pipestone Fault in the Kenora Mining District, the West Keefer Claims located in the West Timmins area in north-central Ontario and the Casa Berardi Claims in northern Québec.

 

MJO Shares Outstanding: 56,402,130

ON BEHALF OF THE BOARD

Signed “Michael Romanik”
Michael Romanik, President & CEO
(204) 222-0137
info@mainstreamminerals.com
www.mainstreamminerals.com

This news release includes certain forward-looking statements concerning the future performance of Mainstream Mineral Corporation’s business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.

For Immediate Release

Winnipeg, MB – March 22^nd, 2012

 

Mainstream Minerals Corporation (TSX.V: MJO) (“Mainstream” or the “Company”) is pleased to announce the appointment of Lisa McCormack as Corporate Secretary of the Company subject to TSX Venture Exchange approval. Ms. McCormack is a seasoned professional law clerk, specializing in securities and corporate law. She is currently Corporate Secretary of several public companies including Trelawney Mining and Exploration Inc. Ms. McCormack has over 15 years of experience working for various securities and corporate finance law firms in Toronto and assisting public issuers within the mining industry.

 

About Mainstream Minerals

Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of possibly bringing such properties to commercial production. With a portfolio of six projects located in the Birch-Uchi Greenstone Belt, Red Lake Mining District, the company is well positioned to take advantage of the resurgence of exploration and development activities in this prospective belt located 80 kilometres due east of the main Red Lake Greenstone Belt.

 

These six projects cover an area of approximately 28,600 acres and host several known gold occurrences and past producing mines. Other projects include the Rowan Lake Project on the Cameron Lake-Pipestone Fault in the Kenora Mining District, the West Keefer Claims located in the West Timmins area in north-central Ontario and the Casa Berardi Claims in northern Québec.

 

MJO Shares Outstanding: 54,522,130

 

ON BEHALF OF THE BOARD

Signed “Michael Romanik”
Michael Romanik, President & CEO
(204) 222-0137
info@mainstreamminerals.com
www.mainstreamminerals.com

This news release includes certain forward-looking statements concerning the future performance of Mainstream Mineral Corporation’s business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.

March 16^th, 2012 – Winnipeg, MB

 

Mainstream Minerals Corporation (TSX.V: MJO) (“Mainstream”) is pleased to announce its intention to extend the term of the 4,043,055 Series N common share purchase warrants (the “Series N Warrants”) that were issued on April 15^th, 2011.  The Series N Warrants were originally set to expire after 12 months from the date of issuance, namely April 14^th, 2012.  The term of the Series N Warrants will be extended by 12 months from April 14^th, 2012 to April 14^th, 2013. This extension is applicable to all of the Series N Warrants. The exercise price of the Series N Warrants will remain unchanged at $0.15.

 

The 4,043,055 Series N Warrants are the only warrants currently outstanding for the Corporation as at the date of this news release.  All other warrants previously issued by Mainstream have either been exercised or have expired.  The extension of the term of the Series N Warrants is subject to the approval of the TSX Venture Exchange Inc.

 

About Mainstream Minerals

Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of possibly bringing such properties to commercial production. With a portfolio of six projects located in the Birch-Uchi Greenstone Belt, Red Lake Mining District, the company is well positioned to take advantage of the resurgence of exploration and development activities in this prospective belt located 80 kilometres due east of the main Red Lake Greenstone Belt. These six projects cover an area of approximately 28,600 acres and host several known gold occurrences and past producing mines. Other projects include the Rowan Lake Project on the Cameron Lake-Pipestone Fault in the Kenora Mining District, the West Keefer Claims located in the West Timmins area in north-central Ontario and the Casa Berardi Claims in northern Québec.

 

MJO Shares Outstanding: 54,622,130

 

ON BEHALF OF THE BOARD

Signed “Michael Romanik”
Michael Romanik, President & CEO
(204) 222-0137
info@mainstreamminerals.com
www.mainstreamminerals.com

This news release includes certain forward-looking statements concerning the future performance of Mainstream Mineral Corporation’s business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.

Winnipeg, MB – March 13^th, 2012

Mainstream Minerals Corporation (TSX.V: MJO) (the “Issuer”) is announcing that the non-brokered private placement previously announced on February 6^th, 2012 and originally scheduled to close on March 9^th, 2012, will now be closing in one or more tranches.  The first tranche is anticipated to close on March 27^th, 2012.  The final closing date of this offering will be extended to April 28^th, 2012.  All other terms and conditions of the offering previously announced on February 6^th, 2012 will remain the same.

 

The closing of this offering remains subject to the approval of the TSX Venture Exchange Inc.

 

About Mainstream Minerals

Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of possibly bringing such properties to commercial production. With a portfolio of six projects located in the Birch-Uchi Greenstone Belt, Red Lake Mining District, the company is well positioned to take advantage of the resurgence of exploration and development activities in this prospective belt located 80 kilometres due east of the main Red Lake Greenstone Belt. These six projects cover an area of approximately 28,600 acres and host several known gold occurrences and past producing mines. Other projects include the Rowan Lake Project on the Cameron Lake-Pipestone Fault in the Kenora Mining District, the West Keefer Claims located in the West Timmins area in north-central Ontario and the Casa Berardi Claims in northern Québec.

 

MJO Shares Outstanding: 54,622,130

 

ON BEHALF OF THE BOARD

Signed “Michael Romanik”
Michael Romanik, President & CEO
(204) 222-0137
info@mainstreamminerals.com
www.mainstreamminerals.com

This news release includes certain forward-looking statements concerning the future performance of Mainstream Mineral Corporation’s business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.

Winnipeg, MB – February 6^th, 2012

 

Mainstream Minerals Corporation (TSX.V: MJO) (the “Issuer”) is pleased to announce a non-brokered private placement of a maximum of 12,000,000 Units at a purchase price of $0.05 for gross subscription proceeds of $600,000.00. The offering will be made to subscribers resident in the Provinces of Ontario, Manitoba, Saskatchewan, Alberta and British Columbia, and such other jurisdictions as the Issuer may determine.  It is anticipated that the closing of offering will occur on or around March 9^th, 2012.

Each Unit shall be comprised of one non-flow-through Common Share and one-half (1/2) of one non-flow-through Common Share purchase warrant (a “Warrant”) of the Issuer.  Each whole Warrant shall entitle the holder to purchase one Common Share for an exercise price of $0.10 for a period of 12 months following the date of issuance.  The Common Shares and Warrants issued in connection with this offering will be subject to a hold period of four months plus one day.

The Issuer may, at its discretion, offer a 6 % cash finder’s fee to registered dealers for services rendered in introducing certain subscribers to the offering (each, a “Finder”). In addition to the finder’s fee, brokers warrants equivalent to 6 % of the number of Units subscribed for in this non-brokered placement may be paid to registered dealers for services rendered in introducing certain subscribers to the offering. Each broker warrant can be exercised to purchase one non-flow-through common share upon payment $0.10 for a period of 12 months following the date of issuance.

The closing of this offering is subject to the approval of the TSX Venture Exchange Inc.

 

About Mainstream Minerals

 

Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of possibly bringing such properties to commercial production. With a portfolio of six projects located in the Birch-Uchi Greenstone Belt, Red Lake Mining District, the company is well positioned to take advantage of the resurgence of exploration and development activities in this prospective belt located 80 kilometres due east of the main Red Lake Greenstone Belt.

These six projects cover an area of approximately 28,600 acres and host several known gold occurrences and past producing mines. Other projects include the Rowan Lake Project on the Cameron Lake-Pipestone Fault in the Kenora Mining District, the West Keefer Claims located in the West Timmins area in north-central Ontario and the Casa Berardi Claims in northern Québec.

 

MJO Shares Outstanding: 54,422,130

 

ON BEHALF OF THE BOARD

Signed “Michael Romanik”
Michael Romanik, President & CEO
(204) 222-0137
info@mainstreamminerals.com
www.mainstreamminerals.com

This news release includes certain forward-looking statements concerning the future performance of Mainstream Mineral Corporation’s business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.

December 8^th, 2011 – Winnipeg, MB

Mainstream Minerals Corporation (TSX.V: MJO) (“Mainstream”) is pleased to announce that following the appointments of Brad Peters as VP-Exploration and Rory Ritchie as Field Exploration Manager, both effective December 1^st, 2011 (see news release of November 15^th, 2011), a new business development unit has been created within the company. The new business development unit will immediately begin advancing Mainstream’s current portfolio of properties in order to unlock value and identify other third parties as strategic joint-venture or earn-in option partners for follow-up drill testing. The geological services to be provided internally will include, but will not be limited to prospecting, geochemical surveying (including soil sampling), mapping and technical evaluation of potential drill targets based on the existing data collected with the objective of advancing Mainstream’s projects to drill ready status as rapidly as possible.

This new business development unit will not represent a “Change of Business (COB)” or a change in direction for the company as Mr. Peters and Mr. Ritchie will be working primarily on the exploration and development of the company’s own portfolio of 10 properties. The company’s mandate will continue to be that of a “mineral exploration and development company focused on precious metal mining properties with economic potential, all with the aim of possibly bringing such properties to commercial production”.

Mainstream President and CEO, Michael Romanik, says: “By hiring Brad and Rory, and by executing this strategy within the company, we will be able to accomplish a number of goals at the same time – (i) reducing the costs associated with the hiring of external geological consultants; (ii) have a dedicated in-house geological staff that is focused on Mainstream’s own portfolio of projects and (iii) potentially generating future cash-flows for the company through the management of geological work for other companies. To the benefit of our shareholders, we can limit the amount of dilution going forward as we navigate our way through these difficult capital markets. One of the priorities for our new geological team will be to thoroughly review and then advance our current Birch-Uchi Greenstone Belt projects to the drill-ready stage. With the investments we’ve made to date in these properties, we feel that we are now ready to package the information. Once done, we will then be in a good position to look for or attract joint-venture or earn-in option agreement partners.”

 

About Mainstream Minerals

Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of possibly bringing such properties to commercial production. With a portfolio of six projects located in the Birch-Uchi Greenstone Belt, Red Lake Mining District, the company is well positioned to take advantage of the resurgence of exploration and development activities in this prospective belt located 80 kilometres due east of the main Red Lake Greenstone Belt.

These six projects cover an area of approximately 28,600 acres and host several known gold occurrences and past producing mines. Other projects include the Rowan Lake project on the Cameron Lake-Pipestone Fault in the Kenora Mining District, the West Keefer and Price Claims located in the West Timmins area in north-central Ontario and the Casa Berardi Claims in northern Québec.

 

MJO Shares Outstanding: 54,222,130

ON BEHALF OF THE BOARD

Signed “Michael Romanik”
Michael Romanik, President & CEO
(204) 222-0137
info@mainstreamminerals.com
www.mainstreamminerals.com

This news release includes certain forward-looking statements concerning the future performance of Mainstream Mineral Corporation’s business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.

November 15^th, 2011 – Winnipeg, MB

Mainstream Minerals Corporation (TSX.V: MJO) (“Mainstream”) is pleased to announce that it is forming an in-house and dedicated geological team for the purposes of advancing its exploration projects. Brad Peters and Rory Ritchie, both of Vancouver, British Columbia, will be joining the company as geologists effective on December 1^st, 2011. Both have initiated the process to obtain their P.Geo designation with the Association of Professional Engineers and Geoscientists of British Columbia.

 

Brad Peters B.Sc. (Earth & Ocean Sciences)

Effective December 1^st, 2011, Brad Peters will become the Vice-President, Exploration of Mainstream Minerals Corporation. Brad is a graduate of the University of British Columbia and holds a B.Sc. in Earth & Ocean Sciences. Brad has been responsible for the successful management of a variety of exploration programs in British Columbia, Yukon, Ontario, Arizona and Mexico.

Brad has worked on and is familiar with a variety of mineral deposit styles including porphyry copper-gold, high grade silver veins, structurally controlled gold systems and polymetallic epithermal systems.

 

Rory Ritchie H.B.Sc. (Chemistry), B.Sc. (Earth Sciences), GIT

Effective December 1^st, 2011, Mr. Ritchie will become the Field Exploration Manager for Mainstream Minerals Corporation.  Rory graduated from The University of Western Ontario with an Honours B.Sc. in Chemistry in 2004.  He spent some time working for ALS Chemex in North Vancouver running ICP-AES for the analysis of soil and rock samples, where he gained a glimpse into one aspect of mineral exploration.  He then attended Simon Fraser University to complete a degree in Earth Sciences.

Rory has worked on grassroots exploration and drill programs around Central British Columbia, the Yukon Territory, Arizona, and most notably, Red Lake, ON, where he spent two years overseeing gold resource delineation and deep drilling campaigns with Mega Precious Metals Inc. (TSX.V: MGP).

Rory is fluent in GIS (Mapinfo) and Resource Modelling (GEMCOM) softwares.  Rory is a member of the Association of Professional Engineers and Geoscientists as a Geoscientist-In-Training.

Mainstream President and Chief Executive Officer, Michael Romanik, says:  “We are very pleased to have Brad and Rory join our team. Our shareholders can only benefit from having an in-house geotechnical team which is completed dedicated to the company and its exploration projects. This will ensure that our exploration programs are ran as efficiently as possible. Rory’s experience in the Red Lake area will be a tremendous asset.”

About Mainstream Minerals

Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of bringing such properties to commercial production. With a portfolio of six projects located in the Birch Uchi Greenstone Belt, Red Lake Mining District, the company is well positioned to take advantage of the resurgence of exploration and development activities in this prospective belt located 80 kilometres due east of the main Red Lake Greenstone Belt. These six projects cover an area of approximately 28,600 acres and host several known gold occurrences and past producing mines. Other projects include the Rowan Lake project on the Cameron Lake-Pipestone Fault in the Kenora Mining District, the West Keefer and Price Claims located in the West Timmins area in north-central Ontario and the Casa Berardi Claims in northern Québec.

MJO Shares Outstanding: 54,122,130

ON BEHALF OF THE BOARD

Signed “Michael Romanik”
Michael Romanik, President & CEO
(204) 222-0137
info@mainstreamminerals.com
www.mainstreamminerals.com

This news release includes certain forward-looking statements concerning the future performance of Mainstream Mineral Corporation’s business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.

October 26th, 2011 – Winnipeg, MB

 

Mainstream Minerals Corporation (TSX.V: MJO) (“Mainstream”) is pleased to announce that it has entered into an option agreement dated October 14^th, 2011 pursuant to which it will option up to a 60% interest in the Rowan Lake property (the “Claims”) to Alita Resources Ltd. (“Alita”).  Alita will earn a 60% interest in the Claims upon successful completion of the following:

 

• Year one:

• Payment of $20,000 in cash and issue and allot to Mainstream 100,000 shares in the capital of Alita within five days after the Acceptance Date (as defined herein);
• Complete at least $200,000 of exploration work on the Claims within a period of one year measured from the acceptance date;

• Year two:

• Payment of $20,000 in cash and issue and allot to Mainstream 100,000 shares in the capital of Alita within 12 months following the Acceptance Date;
• Complete at least $550,000 of exploration work on the Claims within a period of 24 months measured from the Acceptance Date;
• Year three:

• Payment of $20,000 in cash and issue and allot to Mainstream 100,000 shares in the capital of Alita within 24 months after the Acceptance Date;
• Complete at least $900,000 of exploration work on the claims within 36 months after the Acceptance Date.

The Acceptance Date, as defined in the Option Agreement, will mean the date of the written confirmation from the TSX Venture Exchange Inc. (which the shares of Alita are listed for trading) that it has accepted the Option Agreement for filing.

 

The Claims, known to the parties as the Rowan Lake claims, are 25 contiguous claims covering 5,076 hectares (approximately 12,543 acres) in the Cameron and Rowan Lakes area approximately 60 kilometres southeast of Kenora, in Southwestern Ontario. The claims are subject to a 2.0-per-cent net smelter royalty obligation. If Alita earns the 60-per-cent interest in the claims, it and Mainstream will form a joint venture, which will be entitled to purchase a 1.0-per-cent net smelter return royalty for $1-million cash.

Mainstream President and Chief Executive Officer, Michael Romanik, says:  “This deal is a great way for the company to advance a non-core property while maintaining a minority interest in the project. Mainstream will continue to work towards similar deals with our other non core projects which will enable us to focus on our main game plan of developing our Birch Uchi projects. ”

 

About Mainstream Minerals

Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of bringing such properties to commercial production. With a portfolio of six projects located in the Birch Uchi Greenstone Belt, Red Lake Mining District, the company is well positioned to take advantage of the resurgence of exploration and development activities in this prospective belt located 80 kilometres due east of the main Red Lake Greenstone Belt. These six projects cover an area of approximately 28,600 acres and host several known gold occurrences and past producing mines. Other projects include the Rowan Lake project on the Cameron Lake-Pipestone Fault in the Kenora Mining District, the West Keefer and Price Claims located in the West Timmins area in north-central Ontario and the Casa Berardi Claims in northern Québec.

 

MJO Shares Outstanding: 54,122,130

ON BEHALF OF THE BOARD

Signed “Michael Romanik”
Michael Romanik, President & CEO
(204) 222-0137
info@mainstreamminerals.com
www.mainstreamminerals.com

This news release includes certain forward-looking statements concerning the future performance of Mainstream Mineral Corporation’s business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

October 6^th, 2011 – Winnipeg, MB

 

Mainstream Minerals Corporation (TSX.V: MJO) (“Mainstream”) is pleased to announce that it has increased its land position at Birch Lake by staking three mining claims totalling 40 units covering an additional 640 hectares. The Birch Lake property is located in the Keigat Lake Area of the Red Lake Mining Division of Ontario. These newly staked claims are in addition to those acquired via an option agreement as was announced in a news release dated on April 20^th, 2011.  The original agreement consisted of two separate claim groups: a south-eastern claim group sitting between, and adjacent to, Gold Canyon Resources Inc.’s (TSX.V: GCU) Springpole Gold Project and Pelangio Exploration Inc.’s (TSX.V: PX) Birch Lake property; and a north-eastern claim group adjacent to Pelangio Exploration Inc.’s Birch Lake property. These three newly staked claims now tie both the south-eastern and north-eastern claim groups together while also covering the Canamer Prospect. As a result, Mainstream’s property at Birch Lake forms a contiguous land package covering 2,080 hectares.

 

Mainstream’s Birch Lake property is situated in the northeastern portion of the Birch-Uchi greenstone belt within the Uchi Subprovince of the Archean Superior Province.  Prospective Balmer assemblage and Confederation assemblage volcanics with mafic intrusive and metasedimentary rocks have all been mapped on the property by the Ontario Geological Survey.

The Canamer prospect is situated on the newly staked claims and is located on the eastern shore of Birch Lake. Gold mineralization at the Canamer Prospect is associated with pods and lenses of intensely sulphidized, silicified, folded and brecciated iron formation.

The sulphidized, brecciated zones consist of abundant pyrite with lesser amounts of pyrrhotite, arsenopyrite and chalcopyrite with an alteration assemblage of quartz, biotite and chlorite. The largest sulphide-breccia zone located on surface to date is l meter wide and 2 meters long and is exposed at the Main Showing. Assays reported by the Resident Geologist from grab samples assayed 0.50 ounces gold per ton and 0.34 ounces silver per ton.

In a review of government assessment files it was noted that historical drilling by Canamer Mining Corporation in 1966 intersected a 14.7 foot wide zone of brecciated iron formation that returned assays of 0.18 ounces per ton gold over 5.0 feet, 0.16 ounces of gold per ton over 5.0 feet and 0.32 ounces per ton gold over 4.7 feet.

Mainstream President and Chief Executive Officer, Michael Romanik, says:  “We have been watching these claims for a while and waiting for them to come open. Mainstream is very fortunate to have been able to add these new claims covering the Canamer Prospect to our existing Birch Lake project. The Canamer Prospect is a significant occurrence in the area and adds another great target to focus our exploration efforts.”

Garry Clark, P.Geo is the Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical disclosure in this press release.

 

About Mainstream Minerals

Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of bringing such properties to commercial production. With a portfolio of six projects located in the Birch Uchi Greenstone Belt, Red Lake Mining District, the company is well positioned to take advantage of the resurgence of exploration and development activities in this prospective belt located 80 kilometres due east of the main Red Lake Greenstone Belt. These six projects cover an area of approximately 28,600 acres and host several known gold occurrences and past producing mines. Other projects include the Rowan Lake project on the Cameron Lake-Pipestone Fault in the Kenora Mining District, the West Keefer and Price Claims located in the West Timmins area in north-central Ontario and the Casa Berardi Claims in northern Québec.

 

MJO Shares Outstanding: 53,972,130

ON BEHALF OF THE BOARD

Signed “Michael Romanik”
Michael Romanik, President & CEO
(204) 222-0137
info@mainstreamminerals.com
www.mainstreamminerals.com

This news release includes certain forward-looking statements concerning the future performance of Mainstream Mineral Corporation’s business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

August 23rd, 2011 – Winnipeg, MB

 

Mainstream Minerals Corporation (TSX.V: MJO) (“Mainstream”) is pleased to provide an update on its recent exploration activities on the Bobjo Mine and Slate Lake properties. In June, Mainstream contracted Mount Morgan Resources Ltd. to complete a channel sampling program at the Bobjo Mine project. The channel samples targeted previously untested outcrops with quartz veins, lenses and veinlets with the intention of assessing the potential for gold mineralization outside of the immediate Bobjo Mine environment.  There were a total of 66 samples that were analyzed from the 33 meters of channel sampling. The program was very successful with multiple high-grade gold assays received from a series of 0.5 meter channel samples. The channel samples contained quartz veins +/- bedrock. Results indicate significant gold potential exists outside of the actual Bobjo Mine shaft. Assay results ranged from <.03 g/t Au up to a high of 87.53 g/t Au. A table highlighting the best samples is given below:

 

 

 

The channel samples were processed and analyzed by TSL Laboratories located in Saskatoon, Saskatchewan. TSL Laboratories as an ISO-Certified laboratory performed the gold assays and a multi-element scan of the sample set. Two kinds of analyses were used. One is a gold fire assay with gravimetric finish and the second a multi-element scan. The multi-element scan provides information for a wide range of elements at very low detection limits. This analysis is used to determine whether there are any unusual “pathfinder” elements that might be used to indicate the presence of gold mineralization. Analysis is by ICP-MS. The gold assay is based upon 60 grams of rock after it has been crushed and powdered. A serious gold nugget effect in the mineralized samples is documented from metallic screen assays and indicates significant specific gravity differences between gold-bearing mineralization and the host rock. The high-grade gold assays suggest the likely presence of native gold.

Mainstream President and Chief Executive Officer, Michael Romanik, says:  “We are very excited with the recent assay results since they are from previously unrecognized zones of gold mineralization. There are many other outcrops that remain untested and will be followed up in the next round of exploration. We firmly believe that the Bobjo Mine project has excellent potential for finding more high grade gold and will be an exciting project for Mainstream going forward.”

Mainstream is reviewing the drill logs from the 32 holes that were drilled in 2007-2009 as well as the core logs from the 11 holes totaling 4,580 meters that were drilled by Premier Gold Mines Limited in late 2010 and early 2011. The company plans to incorporate the most recent channel sample results with the data from the drill logs in order to formulate exploration plans for the fall of 2011.

In June 2011, Mainstream staked 9 claims tying the Fly Lake – Bobjo Mine – Slate Lake projects together. This will enable the company to transfer future assessment work freely between the three projects giving the company greater operational flexibility going forward.

Mount Morgan Resources Ltd. of Winnipeg, Manitoba also completed the second and final phase of the mobile metal ions (MMI) soil sampling program on the Slate Lake property. The survey detected elevated Au levels at several locations. Rock chip samples were collected in the vicinity of MMI soil geochemical gold anomalies outlined in the first phase. Two of the seven rock chip samples returned elevated gold content values. In particular, sample SL11-05 which assayed 0.14 g/t Au strongly confirms the presence of gold-bearing mineralization on the Slate Lake property. It also suggests that MMI soil geochemical surveys were effective in delineating follow-up gold exploration targets.

Interpretation of the mobile metal ions geochemical survey results was undertaken and an updated MMI results report dated July 18^th, 2011 was prepared by Mount Morgan Resources Ltd

Over the summer, National Instrument 43-101 technical reports were completed on the Hudson Patricia Mine and Rowan Lake properties. The two reports recommended at least $500,000 of work on each property in the next phase of exploration. The reports were commissioned to provide the company with a background of all historical work that was performed on both   properties. The reports themselves may prove to be useful in attracting potential joint-venture partners or as a qualifying transaction for Capital Pool Companies.

 

Due to the forest fire situation and lack of lodging, the prospecting / sampling program that was scheduled for the Birch Lake property has been pushed back to the fall of 2011. The Birch Lake property is comprised of two non-contiguous groups of mining claims covering a total of 1,440 hectares. The southeastern claim group (four claims covering 704 hectares) sits between, and contiguous to, Gold Canyon Resources Inc.’s Springpole gold project and Pelangio Exploration Inc.’s Birch Lake property. The northeastern claim group (six claims covering 736 hectares) is contiguous to Pelangio Exploration Inc.’s Birch Lake property. The planned construction of an all season road leading up to Gold Canyon’s Springpole deposit could greatly reduce exploration costs for all companies involved in the Birch Lake / Casummit Lake area.

 

Mark Fedikow, P.Geo is the Qualified Person pursuant to National Instrument 43-101 and has reviewed and approved the technical disclosure in this press release.

 

About Mainstream Minerals

Mainstream Minerals Corporation is a mineral exploration and development company focused on precious metal mining properties with economic potential, with the aim of bringing such properties to commercial production. With a portfolio of six projects located in the Birch Uchi Greenstone Belt, Red Lake Mining District, the company is well positioned to take advantage of the resurgence of exploration and development activities in this prospective belt located 80 kilometres due east of the main Red Lake Greenstone Belt. These six projects cover an area of approximately 27,000 acres and host several known gold occurrences and past producing mines. Other projects include the Rowan Lake project on the Cameron Lake-Pipestone Fault in the Kenora Mining District, the West Keefer and Price Claims located in the West Timmins area in north-central Ontario and the Casa Berardi Claims in northern Québec.

 

MJO Shares Outstanding: 53,972,130

ON BEHALF OF THE BOARD

Signed “Michael Romanik”
Michael Romanik, President & CEO
(204) 222-0137
info@mainstreamminerals.com
www.mainstreamminerals.com

This news release includes certain forward-looking statements concerning the future performance of Mainstream Mineral Corporation’s business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as “may”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company’s recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and readers are cautioned against placing undue reliance thereon.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.