Montviel Project

Project Overview

GéoMégA is developing its 100% owned Montviel Rare Earths/Niobium project (“MONTVIEL” or the “Project”). MONTVIEL benefits from public infrastructure and available labour in the immediate area. The Project site is located approximately 100 km north of Lebel-sur-Quévillon (pop. 2,800) and 45 km west of the Cree First Nation of Waswanipi (pop. 1,800) in the urbanised southern part of Northern Quebec.

The Project carries a 2% net royalty to NioGold Mining Corp. (TSX.V: NOX). There are no environmental liabilities pertaining to the Project nor is the Project subject to any litigation. The only permits required to conduct work are the forestry management permits. There is no mining infrastructure on the Project site.

Project Details

MONTVIEL comprises 212 map-designated cells, for a total of approximately 12,000 hectares. MONTVIEL has permanent access via a network of oversize logging roads, after a 57km drive from highway 113, which connects Val d’Or and Chibougamau. Heavy equipment can be mobilized by truck directly to the Project site.

The Project site lies at the limit between the subarctic and humid continental climates. Daily average temperatures range from -20°C in January to +16.1°C in July. Break-up usually occurs in early April, and freeze-up in November. These are normal climatic conditions for the Abitibi region, where exploration work is usually conducted year round. There is no permafrost at this latitude.

Geological setting and mineralization

MONTVIEL is located in the eastern part of the Superior geological province, at the junction between the Opatica and Abitibi sub-provinces. The Montviel carbonatite complex, dated at 1,894 Ma, is enclosed in the Nomans tonalite, dated at 2,708.9 Ma. It is located just north of the Saguenay failed rift. The Montviel alkaline intrusion measures approximately 10 x 3 km for a total of 32 square km. The Core Zone covers an approximate area of 3 square km.

The Core Zone of the complex is made of a ferro-carbonatite where the highest rare earths elements (REE) and Niobium values are found. Up to now, our works have defined the REE/Niobium mineralized ferro-carbonatite over 900 meters of length (NE-SW), 650 meters of width (NW-SE) and 750 meters vertical depth.

43-101 Reports and Mineral resource estimates

An initial resource estimate was completed on September 20, 2011 by SGS Géostat from Blainville, Quebec, over the ferro-carbonatite Core Zone covering approximately 750 meters by 400 meters and at a vertical depth of 450 meters. The resource estimate is based on 19 of the 20 diamond drill holes drilled between December 2010 and May 2011.

Click below for the initial NI 43-101 resource estimate report.

The MONTVIEL Phase 2 drilling campaign started in September 2011 and ended in March 2012. A total of 50 diamond drill holes were completed for 24,000 meters. The first part of the campaign, completed in December 2011, aimed to complete a 90 to 100 meter drilling spacing deemed necessary for the resource to be classified as indicated. The second part of the campaign, completed in March 2012, aimed to complete a 45 meter drilling spacing deemed necessary for the resource to be classified as measured over the enrichment zone of the Core Zone (sections 5+00W and 6+80W).

All of the better REE/Niobium mineralized intersections were identified during Phase 2 drilling.

Click below for the Phase 2 assay results.

The updated Ni 43-101 resource calculation is expected in Q2, 2013.

Environmental studies and impact assessments

The primary objective of the baseline environmental study (“BES”) conducted by Geodefor was to collect a sufficient amount of environmental data based on existing information and field surveys to refine the technical description of the project and integrate it into a future environmental and social impact study (“ESIS”), which is required under the Environment Quality Act (R.S.Q., c. Q-2). This study defined the reference state of the receiving environment prior to establishment of the Project.

In general, no major constraints to the installation of mining infrastructures were identified in the baseline environmental study conducted by Geodefor.