GeoMegA Resources Reports Phase II Final Assays from Montviel Project

GeoMegA Resources has reported the final assay results of the phase II drill program carried out at the company’s Montviel rare earth-niobium project, which is situated near Lebel-sur-Quévillon in Québec.

The company has encountered 3.20% total rare earth oxides (TREO) and 1.12% niobium oxide (Nb2O5) over 15 m, 2.20% TREO and 0.33% Nb2O5 over 367.6 m in hole MVL-12-55; 2.04% TREO and 1.05% Nb2O5 over 22.5 m, 1.62% TREO and 0.26% Nb2O5 over 243 m in hole MVL-12-57; 1.90% TREO and 0.24% Nb2O5 over 456 m in hole MVL-11-61; and 2.22% TREO and 0.28% Nb2O5 over 144 m, 1.64% TREO and 0.22% Nb2O5 over 433 m in hole MVL-11-70.

GéoMégA’s Chief Executive Officer, Simon Britt stated that the goals of the phase II drilling program were successfully attained. Core zone of Montviel project has a niobium or rare earths enriched nucleus in croissant shape. The envelope of the resource has been expanded to depth and at surface. The company has completed the infill drill program. The phase I program included drilling of 10,065 m, totaling 20 holes. The phase II campaign included 24,000 m, totaling 50 holes.

The Montviel project lies about 45 km towards the western part of the Cree First Nation of Waswanipi and 100 km towards the northern part of Lebel-sur-Quévillon. The PEA study will initially target on the deposit’s niobium or rare earths enrichment zone.

Source: http://www.ressourcesgeomega.com/

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