news on the run
see latest news on the HP
PRESS RELEASE: Mega Uranium Announces Results Of Scoping Study Of Lake Maitland Uranium Resource, Western Australia>MGA.T
21.10.08 23:11:00- DJPN
TORONTO, ONTARIO--(Marketwire - Oct. 21, 2008) - Mega Uranium Ltd. (TSX:MGA)
("Mega") is pleased to report that it has received a positive preliminary
economic assessment (first pass scoping study) of its Lake Maitland uranium
resource in Western Australia.
The study, conducted by Perth-based consultants, Milestone Engineers and Project
Managers ("Milestone"), was based on the National Instrument 43-101 compliant
Inferred Resource estimate established by Hellman and Schofield Pty Ltd in 2007
(Table 1), but does not include the results of the drilling programs from
December 2007 to July 2008, comprising 532 infill aircore holes and 42 sonic
core holes within the delineated resource at a 200 ppm U3O8 cut-off, and 229
aircore holes drilled into a potential southern extension of the resource.
...............................................