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Mega Precious Metals Updates Deep Drill Hole Status for the Red Lake Headway Gold Property
Mega Precious Metals Updates Deep Drill Hole Status for the Red Lake Headway Gold Property
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nMega Precious Metals Updates Deep Drill Hole Status for the Red Lake Headway Gold Property\n\n\n Mar. 4, 2010 (Filing Services Canada) -- Mega Precious Metals Inc.  (MGP - TSX Venture), is pleased to provide an update for the deep diamond drill hole that is targeting the favorable Balmer volcanic rocks beneath the unconformity with the Confederation rocks on the Headway Gold Property.   Deep drilling technology is allowing Mega to explore for high grade, bonanza, replacement-type zones at a depth of 1,800m to 2,500m just 2 kilometres south west and in the hanging wall of Goldcorp's Red Lake Gold Mines \"High Grade Zone\". Drilling commenced on the Headway property on November 6th, 2009.   As of March 3, 2010, Layne Christensen Canada Ltd., by way of an all-inclusive deep drill contract had completed 1,397 metres (m) of the first 3,000m drill hole.   The deep controlled drilling program is on track and on path trajectory to intersect the targeted depth within the next 2 to 3 months.   In viewing the entire hole to date, rock types, fabrics and features in the core appear to be consistent with Mega's exploration model.   Numerous faulted contacts, rock unit repetition and micro-movement observed in the core are all consistent with and can be explained by the entire hanging wall series of rocks being uplifted by faulting and folding.   The schematic cross section and drill core structural deformation examples may be viewed on Mega's website athttp://www.megapmi.com/headway_gallery. The first 615m of the drill hole consists of a series of mixed mafic to intermediate to felsic volcanics, minor inter-bedded sediments and numerous mafic to intermediate dykes throughout the interval. The bottom contact with the first quartz-feldspar porphyry dyke that occurs from 615m to 634m marks a change to intermediate volcanics and intermediate dykes mixed with inter-bedded argillitic sediments. This sequence continues to 890m where another 79m core length of quartz-feldspar porphyry dyke takes the hole to 969m. From here to the current hole bottom of 1,397m, the hole appears to be Houston sediments consisting of argillite, greywacke, siltstone and conglomerate. Based on the original Mega exploration model and surface mapping, the Unconformity is expected at 1,500 to 1,800m wit...