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Markland AGF Precious Metals Corp T.MPM



TSX:MPM - Post by User

Post by orebody007on Oct 18, 2005 3:47pm
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Post# 9729466

Mega news from Hamlin

Mega news from HamlinMega Uranium trenching exposes copper zone at Hamlin Mega Uranium Ltd (TSX-V:MGA) Shares Issued 32,023,533 Tuesday October 18 2005 - News Release Mr. Sheldon Inwentash reports MAPLE MINERALS COPPER-GOLD-SILVER-MOLYBDENUM DISCOVERED ON HAMLIN PROPERTY, SHEBANDOWAN CAMP Mega Uranium Ltd. has provided an overview of the progress of its division, Maple Minerals. Sheldon Inwentash, chief executive officer of Mega, comments on the progress of its Maple Minerals division: "We are delighted with the progress of Maple Minerals to date on the Hamlin property, who are now vigorously pushing ahead with a drill program in October and November to develop an understanding of the deposit within the wider Shebandowan camp. The results of this extensive trenching program now enable Maple Minerals to move ahead with its exploration." Geological details A substantial zone of copper-bearing sulphide mineralization has been exposed by trenching on the Hamlin property for a strike length of 800 metres and appears to continue another 1,200 metres as outlined by IP resistivity geophysical surveys. Samples taken from a rusty zone in brecciated rhyolite during geological mapping identified a copper-gold occurrence on the sulphide trend that assayed 1.47 per cent copper and 4.88 grams of gold per tonne. As a result, an extensive trenching program was initiated on Sept. 5 to expose other target zones. Assays of a series of random samples taken roughly at 10-to-15-metre spacings along the trend, with some samples taken to the side within a 30-to-50-metre-wide expanse of rusty rhyolite, are presented below. TRENCH 0 - 1E "L" Ticket Cu Cu Au Ag No. (ppm) (%) (g/t) (g/t) 75401 293 0.03 0.146 3 75402 359 0.04 0.032 2 75403 752 0.08 0.033 1 75404 2,002 0.20 0.286 4 75405 152 0.02 0.009 <1 75406 991 0.10 0.106 1 75407 2,081 0.21 0.099 2 75407 2,090 0.21 0.086 3 75408 650 0.07 0.054 1 75409 1,332 0.13 0.045 2 75410 2,191 0.22 0.049 3 75411 7,809 0.78 1.326 8 75412 55,170 5.52 0.777 28 75413 2,247 0.22 0.030 2 75414 12,044 1.20 0.502 5 75415 6,670 0.67 0.250 5 75416 4,190 0.42 0.172 3 75417 398 0.04 0.016 <1 75417 390 0.04 0.017 <1 TRENCH 0 - 1E "L" Ticket Mo Mo No. (ppm) (lbs/tonne) Comment 75401 237 0.52 75402 18 0.04 75403 13 0.03 75404 116 0.26 75405 7 0.02 75406 86 0.19 75407 94 0.21 75407 97 0.21 Audit check 75408 54 0.12 75409 22 0.05 75410 18 0.04 75411 55 0.12 75412 17 0.04 75413 33 0.07 75414 161 0.35 75415 885 1.95 75416 525 1.16 75417 25 0.06 75417 18 0.04 Audit check TRENCH 2E - 3+25E Ticket Cu Cu Au Ag No. (ppm) (%) (g/t) (g/t) 7454 14,691 1.47 4.882 11 7538 26,384 2.64 0.670 81 75421 38,762 3.88 2.668 23 75421 38,332 3.83 2.283 24 75363 2,835 0.28 0.169 0 75364 287 0.03 0.065 0 75365 9,304 0.93 0.490 0 75366 293 0.03 0.014 0 75367 6,978 0.70 0.333 0 75368 6,297 0.63 0.551 1 75369 18,492 1.85 1.717 2 75370 966 0.10 0.081 0 75370 908 0.09 0.071 0 TRENCH 2E - 3+25E Ticket Mo Mo No. (ppm) (lbs/tonne) Comment 7454 129 0.28 Discovery sample 7538 21 0.05 75421 474 1.04 Audit check on 7538 75421 491 1.08 Audit check on 7538 75363 43 0.09 75364 5 0.01 75365 35 0.08 75366 0 0.00 75367 90 0.20 75368 525 1.16 75369 229 0.50 75370 45 0.10 75370 43 0.09 Audit check TRENCH 4E - 5E Ticket Cu Cu Au Ag No. (ppm) (%) (g/t) (g/t) 7541 10,435 1.04 0.760 77 7542 1331 0.13 0.216 21 7543 656 0.06 0.011 9 7543 636 0.06 0.017 2 335401 3,290 0.33 0.180 4 335402 3,940 0.39 0.380 6 335403 101 0.01 0.040 0 335404 843 0.08 0.050 1 335405 5030 0.50 0.190 7 TRENCH 4E - 5E Ticket Mo Mo No. (ppm) (lbs/tonne) Comment 7541 226 0.50 7542 11 0.02 7543 7 0.02 7543 22 0.05 Audit check (Cu, Au) 335401 50 0.11 335402 115 0.25 335403 3 0.01 335404 5 0.01 335405 7 0.02 TRENCH 1W - 0 Ticket Cu Cu Au Ag No. (ppm) (%) (g/t) (g/t) 75352 1,288 0.13 0.067 6 75353 2,078 0.21 0.082 8 75354 1,046 0.10 0.062 5 75355 7,844 0.78 0.447 27 75356 4,064 0.41 0.390 22 75357 4,317 0.43 0.209 16 75358 4,098 0.41 0.152 13 75359 5,293 0.53 0.267 29 75360 544 0.05 0.029 4 75360 489 0.05 0.032 5 75361 385 0.04 0.128 10 75362 14,887 1.49 0.598 41 75418 33,178 3.32 0.553 18 7539 71,766 7.18 6.938 7539 66,282 6.63 3.400 43 7539 64,478 6.45 3.350 43 TRENCH 1W - 0 Ticket Mo Mo No. (ppm) (lbs/tonne) Comment 75352 267 0.59 75353 93 0.20 75354 368 0.81 75355 1,635 3.60 75356 723 1.59 75357 624 1.37 75358 58 0.13 75359 151 0.33 75360 31 0.07 75360 33 0.07 Audit check 75361 23 0.05 75362 544 1.20 75418 1,041 2.29 7539 Repeat (Cu, Au) 7539 389 0.86 Audit check 7539 381 0.84 Audit check Notes: 500 parts per million equals 1.1 pounds per tonne; 1 per cent equals 22 pounds per tonne; and one part per million equals one gram per tonne (g/t). These samples represent four trenched areas in 100-metre length sections, along a 525-metre strike length on the west end of the two-kilometre-long trend. Assays results for other samples taken along strike are pending. Chalcopyrite with occasional bornite occurs with pyrite, magnetite and chlorite alteration, as well as pink potassic alteration. Molybdenite (MoS2) has been noted in some samples with values reaching 1,635 parts per million Mo (3.6 pounds). Chalcopyrite mainly occurs as fine disseminated zones in the rhyolite with occasional stringers but sometimes forms massive sulphide lenses up to 0.5 metre in the breccia. The mineralized zone is interpreted to be a stringer zone associated with a volcanogenic massive sulphide (VMS) system with an overprint by a larger alkali intrusion that causes the pink potassic alteration and molybdenum occurrences within the zone. Brecciation of the volcanics may be in part caused by the fine-grained syenite-type alkali intrusives but mainly appears to be related to the intense chlorite that forms the matrix to the breccia. Silver values correlate with the copper supporting the interpretation that a stringer VMS setting may have initially been in place prior to the alkali mineralizing event that could have introduced additional gold as well as molybdenum. Drilling commenced on Oct. 18, 2005, to test the induced polarization and electromagnetic anomalies. Base metal and silver values (copper, molybdenum and silver) were determined by induced coupled plasma (ICP) after an aqua regia acid digestion. Assays exceeding 100 grams of silver and 5,000 parts per million (0.5 per cent) copper were repeated using multiacid digestion and atomic absorption (AA). Check assays were run on every 10th sample as well as high values were repeated. Preparation and assaying of the samples outlined in this news release were carried out by Accurassay Laboratories in Thunder Bay. Additional check assays are being run in an independent lab using ICP as part of the continuing program and quality control process. Gold values were determined by fire assay extraction on 30-gram samples followed by an AA finish. The Hamlin property is owned 100 per cent by Maple Minerals and East West. The project is being supervised by R. Middleton, PEng, who is the qualified person and responsible for quality control of the assaying and reporting.
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