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Mega Precious Metals Commences Deep Drilling on the Headway Property, Red Lake, Ontario
Mega Precious Metals Commences Deep Drilling on the Headway Property, Red Lake, Ontario
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nMega Precious Metals Commences Deep Drilling on the Headway Property, Red Lake, Ontario\n\n\n Nov. 9, 2009 (Filing Services Canada) -- Mega Precious Metals Inc.  (MGP - TSX Venture), (\"Mega\") is very pleased to announce that drilling is underway on the Headway property.   After extensive discussions and pre-tender qualifying submissions by numerous highly qualified and experienced deep drill specialists, Layne Christensen Canada Ltd. of Capreol, Ontario has been retained to conduct the program on the Headway Property.  Mega has signed an all-inclusive deep drill contract to complete several 3000m drill holes to test prospective geological environment adjacent to Goldcorp's High Grade Gold Zone in the Red Lake gold camp.  The deep controlled drilling program is expected to take up to six months to reach the target depth.  Recently, Mega announced the acquisition of a 100% interest in the \"Headway\" property in the Red Lake, Ontario from King's Bay Gold Corporation (\"King's Bay\") in a press release dated October 5, 2009. The Headway property is located adjacent to Hwy 125, between the towns of Red Lake and Balmertown, Ontario, 2 km southwest of Goldcorp's Red Lake Mines High Grade Zone.  The property consists of six (6) patented claims and one (1) unpatented claim totaling approximately 320 acres.  The property appears to have all of the essential geological elements including a well-developed intersection pattern of stratigraphic, shear/deformation zones that are associated with the high grade gold system on the adjacent mine properties.   Mega's exploration target is postulated to be hosted in Balmer Series aged rocks occurring below the unconformity with the Confederation age rocks at 1,500 to 2500 metres deep.   This theoretical target is a new bonanza, replacement-type zone, similar to, but south of Goldcorp's High Grade zone.   The range of historic shallow diamond drill intercepts carried out under NI 43-101 compliant guidelines by King's Bay in 2005 include Nil to 63.52 grams / tonne (g/t) gold over 0.5 metres (m) and 3.08 g/t over 10.8 m.  True widths are unknown.  Highlights of historical exploration include; from Nil to 20.9 g/t gold over 0.94 m in drill core (H-13) and several surface grab samp...