Press Releases

Montviel drilling update

Posted By Geomega Feb 03, 2011 Press Releases

MONTVIEL DRILLING UPDATE

PRESS RELEASE
 For immediate distribution

MONTREAL, February 3rd, 2011 – GEOMEGA RESOURCES INC. (“GéoMégA”) announces it has completed 5 drill holes in the core of the carbonatite complex for a total of 2,500 meters of NQ size diamond drilling.  The undergoing 10,000 meters drilling campaign initiated in early December is testing the Montviel carbonatite complex for economic mineralization of rare earth elements. The Montviel property is located 200 km north of Val d’Or, Quebec, and is easily accessed by road.

The first drill hole MVL-10-01, collared in a non-magnetic area of the complex on section 200 W, intersected mainly carbonatite material with minor talc-chlorite altered ultramafic rocks.  The 501-meter deep hole remained in carbonatite from beginning to end of the hole representing a core length distance of 480 m.

The next hole,  MVL-10-03, was collared 300 meters on strike west of hole MVL-10-01 and intersected a similar section of carbonatite over its entire core length of 512 m.

Both holes were collared at an angle of -55° and an azimuth of N330°. For now, the stratigraphy is interpreted as steeply dipping to the south-east and generally striking in a NE-SW direction.

At this time, only partial assay results have been received from the certified laboratory. Complete assay results for each hole are pending and will be released as soon as they become available.

Kateri Marchand, M.Sc., P.Geo, a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

About GéoMégA (ressourcesgeomega.ca)
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 15,583,253 common shares outstanding and $2.8M 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:

GéoMégA
T: 450-465-0099
E: info@ressourcesgeomega.ca

 

Categories

Archives