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Mega Silver Advances Gold Projects in Red Lake, On., Silver Projects in Keno Hill, Yt., and the Blue Caribou Copper Project in Nunavut
Mega Silver Advances Gold Projects in Red Lake, On., Silver Projects in Keno Hill, Yt., and the B...
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nMega Silver Advances Gold Projects in Red Lake, On., Silver Projects in Keno Hill, Yt., and the Blue Caribou Copper Project in Nunavut\n\n\n Aug. 7, 2009 (Filing Services Canada) -- Mega Silver Inc. (MSR - TSX Venture), (\"Mega\") is pleased to announce that it is drilling on two of three high grade metal projects in Canada. Red LakeMega, through its wholly-owned subsidiary Skybridge Development Corp., has commenced diamond drilling in the prolific Red Lake Ontario gold camp. Mega management believe that their Laverty and East My-Ritt properties are all part of a much larger gold system that encompasses the adjacent Howey, Hasaga and Gold Shore mines which historically produced approximately 640,000 ounces of gold. Mega has an option to acquire a 100% interest in both Laverty and East My-Ritt properties. Previous exploration diamond drilling has intersected up to 18.2 g/t gold over 3.65m on the East My-Ritt Property and up to 7.74 g/t gold over 11.2m on the Laverty portion of the structure. The Laverty property contains a historical resource of 790,000 tons at 0.08 ounces per ton. Mega is not treating historic intersections or resources as compliant with NI 43-101 and such information should not be relied upon.In early June, 2009 Mega initiated exploration on a 1.5km portion of a promising northeast-trending structure traversing the East My-Ritt and Laverty properties. During this field season, Mega has compiled historic geological and geophysical work on the East My-Ritt and Laverty Properties and is completing geological mapping, outcrop stripping, channel sampling and INSIGHT Geophysical Induced Polarization Surveys in preparation for this drill program. Diamond drill targets will include confirmation and extension of historic drill intercepts as well as new areas where there is interpreted potential for litho-structural traps that may host economic mineralization. A minimum of 4,000 metres of diamond drilling will be conducted under National Instrument 43-101 quality assurance and quality control reporting standards.NunavutIn Nunavut, ground geophysical surveys are being completed. The primary survey is testing for evidence of deep continuity down dip of the Copper zone, which to a maximum depth of 110 metres, hosts a NI43-101 compliant estimated inferred mineral resource of 2.77 million tonnes at a weighted average grade ...