Nouvelles

46.5m of 3.09% TREO + 0.60% Nb2O5

Posted By geomega Feb 14, 2012 Nouvelles

South-west portion of Montviel Core Zone enriched in Rare Earths and Niobium

PRESS RELEASE
For immediate distribution

MONTREAL, February 14, 2012 – Geomega Resources Inc. (TSX.V: GMA) (“GéoMégA” or the “Company”) announces Phase 2 drilling results on its Montviel Rare Earths/Niobium project located near Lebel-sur-Quévillon, Québec. Highlights include:

MVL-11-32D: 2.08% total rare earth oxides (TREO) + 0.22% Niobium oxide (Nb2O5) over 245.9 m from 52.6 m;

Including: – 3.28% TREO + 0.25% Nb2O5 over 31.5 m from 174 m;
– 2.59% TREO + 0.55% Nb2O5 over 19.5 m from 219 m.

MVL-11-34: 1.84% TREO + 0.30% Nb2O5 over 249.75 m from 187.5m;

Including: – 2.25% TREO over 119.25 m + 0.39% Nb2O5 from 318 m;
– 3.09% TREO over 46.5 m + 0.60% Nb2O5 from 318 m.

MONTVIEL CORE ZONE
Significant Assay Results – Phase 2 drill program

The updated Montviel Core Zone surface plan with DDH collars and significant intersections can be found HERE.

MONTVIEL EXPLORATION
Significant Assay Results – Phase 2 drill program

Dysprosium
DDH MVL-11-09 intersected a breccia of 17.1 m (true width estimated at 85%) averaging 0.76% TREO with 28% MHREO/TREO including 210 ppm dysprosium oxide. DDH MVL-11-33B intersected 6 m in calcio-carbonatite (true width estimated at 90%) averaging 1.26% TREO with 20.4% MHREO/TREO including 247 ppm dysprosium oxide. The distribution of the mineralization is similar in those two intersections which are located approximately 800 m apart. The significant spacing and location indicates there is a possible dysprosium enriched zone bordering the Montviel Core Zone.

Departure of CFO
GéoMégA announces the departure of its CFO, René Lacroix, effective January 31, 2012, to concentrate on his core business activities. Mr. Lacroix, partner at LacroixFrères Consultants, joined GéoMégA in April 2010. Simon Britt, CA, CEO of GéoMégA, will assume the responsibility of CFO on an interim basis. The Board of Directors and Management thank Mr. Lacroix for his dedication to the Company during its start-up and IPO and wish him continued success.

NI 43‐101 Disclosure
Alain Cayer, Geo., MSc., Chief Geologist, is the Qualified Person who supervised the preparation of the technical information in this news release.

ALS Global conducted all analyses in their Vancouver laboratory. The analyses were done on every sample using lithium metaborate fusion, followed by ICP analysis and completed by mass spectrometry. Specific XRF assays were conducted on niobium. Quality control and assurance were done by systematically using REE standards, blanks and duplicates.

Total Rare Earth Oxides (“TREO”) include: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, and Y2O3.

Middle and Heavy Rare Earth Oxides (“MHREO”) is the sum of the middle rare earth oxides (Sm2O3, Eu2O3, Gd2O3) and the heavy rare earth oxides (Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3) plus Y2O3 expressed as a percent out of the TREO content.

About GéoMégA (ressourcesgeomega.ca)
GéoMégA, which owns 100% of the Montviel Rare Earths/Niobium project, is a Québec mineral exploration company focused on finding economically viable deposits of Minor Metals in Québec. GéoMégA is committed to meeting Canadian mining industry standards and distinguishing itself with its expertise, know-how and its support and respect for local communities and the environment.

29,274,113 common shares of GéoMégA are currently issued and outstanding.

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

/s/ “Simon Britt”
Simon Britt
Chief Executive Officer

For more information contact:
Simon Britt
President and CEO
GéoMégA
450 465-0099
info@ressourcesgeomega.ca

Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecast or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company’s filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.

 

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