GEOMEGA PROVES CONTINUITY OF REE MINERALIZATION BETWEEN SECTION 2+00 W and 5+00 W WITH 1.29% TREO OVER 489.6 M (1,606 FEET) IN MVL-11-07 AND 1.38% TREO OVER 480.9 M (1,578 FEET) IN MVL-11-08.
For immediate distribution
MONTREAL, April 28, 2011 – GEOMEGA RESOURCES INC. (“GéoMégA”) is pleased to report the assay results from drill holes MVL-11-07 and MVL-11-08 proving the continuity of the rare earth mineralization between section 2+00 W and 5+00 W in the ferro-carbonatite core zone at Montviel.
Hole MVL-11-07 (azimuth 330°, dip -55°; depth: 531 m) was collared on strike, approximately 100 meters east of hole MVL-11-03 (see press release dated February 14, 2011), on section 4+00 West. The hole intersected 1.29% TREO over 489.6 m (1,606 feet) from 29.4 m to 519 m, including 1.91% TREO over 41.4 m (136 feet) from 151.9 m to 193.3 m. The hole intersected an ultramafic unit at 519 m marking the northern limit of the mineralized carbonatite body.
Significant phosphate mineralization was intersected in hole MVL-11-07 with 5.31% P2O5 over 43.85 m (144 feet) from 29.4 m to 73.25 m. In addition, niobium oxide was intersected with 0.129% Nb2O5 over 489.6 m (1,606 feet), including 0.208% Nb2O5 over 108.8 m (357 feet) from 318 m to 426.8 m.
Hole MVL-11-08 (azimuth 323°, dip -55°; depth: 501 m) was collared on strike, approximately 100 meters west of hole MVL-11-01 (see press release dated February 8, 2011), on section 3+00 West. The hole intersected 1.38% TREO over its entire 480.9 m (1,578 feet) core length from 20.1 m to 501 m, including 2.00% TREO over 73.1 m (240 feet) from 348.6 m to 421.7 m. The hole ended in mineralization with 2.06% TREO over the last 39 m (128 feet) from 462 m to 501 m.
Significant niobium oxide was intersected in hole MVL-11-08 with 0.285% Nb2O5 over 26.8 m (88 feet) from 351 m to 377.8 m.
The mineralisation remains open West of section 5+00W, East of section 2+00W, to the South and at depth.
The Phase 1 drilling program ended on April 21, 2011 for spring break up. A total of 19 holes, totalling 9,567 meters of drilling, have now been completed in the ferro-carbonatite core zone at Montviel covering an area of approximately 700 m (2,296 feet) on strike by 400 m (1,312 feet) width and to a vertical depth up to 450 m (1,476 feet). Assay results for the remaining 12 holes are pending.
“Congratulations to the technical team in leading an outstanding Phase 1 drilling program at Montviel. A 43-101 compliant resource calculation will be initiated as soon as we receive final assay results for the remaining 12 holes. Significant tonnage is expected.” comments Simon Britt.
The Montviel property, located 200 km north of Val-d’Or in the Abitibi region of Quebec, is underlain by the Montviel carbonatite complex which extends over an area of 32 km2 making it one of North America’s largest carbonatite. GéoMégA has a staged option agreement with NioGold Mining Corp. (TSX-V: NOX) whereby it can earn up to 100% interest in the property. See details of the agreement in the November 11, 2010 press release
Assaying and Quality control
All analysis is carried out by ALS Global at their Vancouver laboratory. The analyses conducted on all samples are done by lithium metaborate fusion, followed by ICP analysis with mass spectrometry finish. Specific assays by XRF are done for niobium.
Quality assurance and control is done through the systematic insertion of REE standards, blanks, and duplicates.
Kateri Marchand, M.Sc., P.Geo, is a qualified person as defined under NI 43-101 guidelines and has reviewed the technical information contained in this press release.
GéoMégA is a Quebec based mineral exploration company focused on the discovery and development of economic REE deposits. GéoMégA’s exploration properties are located in the Abitibi and Upper Laurentian regions of Quebec.
Currently, GéoMégA has 17,985,976 common shares outstanding and $2.4M in cash.
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.
For more information contact:
Simon Britt, CA
President and CEO