MONTREAL, Feb. 3 /CNW Telbec/ - 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.
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
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that term is defined in the policies of the TSX Venture exchange)
accepts responsibility for the adequacy or accuracy of this release.
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