Business
GEOMEGA RESOURCES INC. INTERSECTS 1.24% TREO OVER 480 METERS AT MONTVIEL INCLUDING 2.03% TREO OVER 39.4 METERS
Feb. 8, 2011 (Canada NewsWire Group) -- MONTREAL, Feb. 8 /CNW Telbec/ - GEOMEGA RESOURCES INC...
About this update from Geomega Resources Inc.
[{"type":"text","content":"\n\n\n\n Feb. 8, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nMONTREAL, Feb. 8 /CNW Telbec/ - GEOMEGA RESOURCES INC. ("GéoMégA") is\n pleased to announce the first drill results from its Phase I drilling\n program.  Hole MVL-10-01 started and ended in mineralized carbonatite\n intersecting 1.24% total rare earth oxides (TREO) over its entire 480\n meters core length, from 21 to 501 meters, including a high grade\n section of 2.03% TREO over 39.4 meters from 266.6 to 306 meters.\n\n\nHole MVL-10-01 (azimuth N330°, -55° dip) was collared on section 2+00W,\n to test a magnetic low in the core of the carbonatite complex. The\n stratigraphy is interpreted to dip steeply to the SE. True thickness is\n estimated to be 80 % core length.\n\n\nNeodymium and Praseodymium oxides average 23% of the TREO over the 480 m\n core length. The distribution of middle to heavy rare earth oxides\n (MHREO) content represents up to 22% of TREO in a 7.55 meter core\n length section from 39.00 to 46.55 m. MHREO is defined as samarium\n through lutetium plus yttrium. Cerium, Lanthanum and Neodymium are the\n most abundant of the total rare earth elements.\n\n\nIn addition to TREO, Niobium oxide values were also intersected in the\n hole with best intersection returning 0.158% Nb2O5 over 22.05 m from\n 280.95 to 303.00 m.\n\n\nThe diamond drilling program is now well underway with 2,800 m completed\n and drilling will continue until the spring break up. Five (5) drill\...