South-west portion of Montviel Core Zone enriched in Rare Earths and Niobium
MONTREAL, QUEBEC, Feb 14, 2012 (MARKETWIRE via COMTEX News Network) -- Geomega Resources Inc. (GeoMegA) (TSX VENTURE: GMA) announces Phase
2 drilling results on its Montviel Rare Earths/Niobium project
located near Lebel-sur-Quevillon, Quebec. Highlights include:
MVL-11-32D: 2.08% total rare earth oxides (TREO) + 0.22% Niobium
oxide (Nb2O5) over 245.9 m from 52.6 m;
Including: - 3.28% TREO + 0.25% Nb2O5over 31.5 m from 174 m; - 2.59% TREO + 0.55% Nb2O5over 19.5 m from 219 m.
MVL-11-34: 1.84% TREO + 0.30% Nb2O5over 249.75 m from 187.5m;
Including: - 2.25% TREO over 119.25 m + 0.39% Nb2O5from 318 m; - 3.09% TREO over 46.5 m + 0.60% Nb2O5from 318 m. MONTVIEL CORE ZONE Significant Assay Results - Phase 2 drill program ---------------------------------------------------------------------------- Diamond drill Core hole Section/ length TREO MHREO (DDH) No. Dip/Az From To (1) (2) Nd2O3(3) TREO Nb2O5(3) (m) (m) (m) (%) (%) (%) (%) ---------------------------------------------------------------------------- MVL-11-27 5+90W/-55/330 72.7 152 79.3 1.51 0.22 3.17 0.16 --------------------------------------------------- Incl. 106.5 152 45.5 1.58 0.24 3.48 0.25 --------------------------------------------------- 204 716.5 512.5 1.21 0.21 5.00 0.16 --------------------------------------------------- Incl. 343.5 716.5 373 1.19 0.21 5.59 0.20 ---------------------------------------------------------------------------- MVL-11-28 4+00W/-55/330 63 192 129 1.49 0.22 1.94 0.10 --------------------------------------------------- Incl. 69 112.5 43.5 1.80 0.25 1.73 0.07 ---------------------------------------------------------------------------- MVL-11-29B 4+00W/-55/330 60.2 491 430.8 1.28 0.21 3.37 0.11 --------------------------------------------------- Incl. 95.5 266.6 171.1 1.45 0.24 2.58 0.14 --------------------------------------------------- Incl. 428.3 486.5 58.2 2.11 0.36 3.00 0.13 ---------------------------------------------------------------------------- MVL-11-31 6+80W/-55/330 35.5 171.7 136.2 1.47 0.25 3.27 0.14 ---------------------------------------------------------------------------- MVL-11-32D 6+80W/-55/330 52.6 372 319.4 1.87 0.29 3.24 0.21 --------------------------------------------------- Incl. 52.6 298.5 245.9 2.08 0.32 3.23 0.22 --------------------------------------------------- Incl. 174 205.5 31.5 3.28 0.49 2.97 0.25 --------------------------------------------------- Incl. 219 238.5 19.5 2.59 0.39 3.09 0.55 ---------------------------------------------------------------------------- MVL-11-34 6+80W/-55/330 187.5 437.5 249.75 1.84 0.28 3.19 0.30 --------------------------------------------------- Incl. 318 437.25 119.25 2.25 0.33 2.84 0.39 --------------------------------------------------- Incl. 318 364.5 46.5 3.09 0.41 2.41 0.60 ---------------------------------------------------------------------------- MVL-11-35 3+00W/-55/330 206 364.3 157.5 1.74 0.30 2.76 0.19 ---------------------------------------------------------------------------- 1. True width is estimated to be 85% of core length 2. Cerium, Lanthanum, Neodymium, Praseodymium are the most abundant REO. 3. 0.1% = 1 kg/t. ----------------------------------------------------------------------------
Phase 2 definition drilling now totals 17,500 m over 37 DDH with 22 DDH
to be fully assayed. Completion of Phase 2, an additional 6,300 m
over 13 new DDH, is expected by the end of March 2012 with an NI
43-101 Core Zone resource update by the end of summer 2012. Complete
assays for DDH MVL-11-30 were not received as at the date of this
release, highlights will be disclosed with the next series of DDH
when assays are available.
The updated Montviel Core Zone surface plan with DDH collars and
significant intersections can be found at
https://www.ressourcesgeomega.ca/project_montviel.php under
"Exploration and Development".
MONTVIEL EXPLORATION Significant Assay Results - Phase 2 drill program ---------------------------------------------------------------------------- Core length TREO MHREO DDH No. Dip/Az From To (1) (2) Nd2O3(3) Dy2O3 TREO Nb2O5(3) (m) (m) (m) (%) (%) (ppm) (%) (%) ---------------------------------------------------------------------------- MVL-11-33B -45/150 312 336 24 2.09 0.33 75 5.4 0.19 ------------------------------------------------------- 798 804 6 1.26 0.25 247 20.4 1.98 ----------------------------------------------------------------------------
Dysprosium
DDH MVL-11-09 intersected a breccia of 17.1 m (true width estimated
at 85%) averaging 0.76% TREO with 28% MHREO/TREO including 210 ppm
dysprosium oxide. DDH MVL-11-33B intersected 6 m in
calcio-carbonatite (true width estimated at 90%) averaging 1.26% TREO
with 20.4% MHREO/TREO including 247 ppm dysprosium oxide. The
distribution of the mineralization is similar in those two
intersections which are located approximately 800 m apart. The
significant spacing and location indicates there is a possible
dysprosium enriched zone bordering the Montviel Core Zone.