Geomega Resources Inc V.GMA

Alternate Symbol(s): GOMRF

Metals & Mining Industrial Metals & Minerals

Geomega Resources Inc. is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Quebec. The Company is a developer of clean technologies for the mining, refining, and recycling of rare earths and other critical materials. Through its wholly owned subsidiary Innord Inc. (Innord), the Company is developing innovative technologies for extraction and separation of rare earth elements and other critical and strategic metals from its mining properties and other mining and industrial waste in an environmentally sustainable way. With a focus on renewable energies, vehicle electrification, automation and reduction in energy usage, rare earth magnets or neo-magnets (NdFeB) are at the center of all these technologies. The two most advanced projects for the Company are the rare earth magnet recycling and bauxite residue processing and vaporization. It also owns the Montviel rare earth carbonatite deposit.

TSXV:GMA - Post by User

Geomega Resources Inc

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Post by miner49er2on Apr 02, 2011 2:51am

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Post# 18376670

Comparisons & Sum of Results

SUMMARY OF DRILL RESULTS (CURRENT TO APRIL 1, 2011)

GMA.V	Montviel (whole area)	Section 5+00 West	Section 2+00 West
No. of holes drilled (assays received)	5	2	3
East-West distance in metres (surface)	250	73	94
North-South distance in metres (surface)	439	111	163
Horizontal Distance	tbd	From the collar of hole MVL-11-06 to the end of hole MVL-10-03 = ~400 m	From the collar of hole MVL-11-01 to carbonatite-pyroxenitic intrusive contact = ~350 m
Mineralization - North	tbd	open	northern limit > holes MVL-11-04A & MVL-11-05
Mineralization - South	tbd	open	open
Mineralization - East	tbd	open	open
Mineralization - West	tbd	open	open
Mineralization - At Depth	tbd	open (450 metres at least)	open
TREO (%)	1.17-2.28	1.38-2.28	1.17-2.10
Neodymium Oxide (%)	O.19-O.34	O.231-O.34	O.19-O.321
Phosphate (%)	5.41-6.58	5.41-6.58	n/a

CURRENT MARKET VALUATIONS FOR A SELECT GROUP OF REE COMPANIES

TICKER	Shares O/S	Closing Price (Apr. 1)	MCap	> (= greater than)	Geography	tTREO%re	HREO as a % of TREO
GMA	17,468,442	$4.41	$77,035,829	N/A	Quebec (Montviel Property)	Highest: 2.28% over 51.8m Longest: 1.38% over 512.7m	TBD (Feb.8 - MHREO up to 22% of 7.55m core length from 39m-46.55m)
MCP (NYSE)	82,301,000	$59.25	$4,876,334,200	6329.96% > GMA	California (Mountain Pass Mine)	8.2%	~1%
LYC (ASX)	1,660,000,000	$2.27	$3,768,200,000	4891.49% > GMA	Australia/Malaysia	15.5%	1%
AVL	93,339,000	$8.65	$807,382,350	1048.06% > GMA	NWT (Nechalacho deposit)	1.3%	14.33%
ARU (ASX)	367,930,000	$1.33	$489,346,900	635.22% > GMA	Australia	3.1%	2%
QRM	58,437,000	$6.03	$352,959,480	458.18% > GMA	Quebec (Strange Lake deposit)	1.3%	43%
UCU	146,482,000	94 cents	$137,693,080	178.74% > GMA	Alaska (Bokan-Dotson Ridge deposit)	O.746%	39%