News from HamlinMega Uranium cuts 49 m of 0.262% Cu at Hamlin
Mega Uranium Ltd (TSX-V:MGA)
Shares Issued 32,023,533
Last Close 12/5/2005 $4.40
Tuesday December 06 2005 - News Release
Also East West Resource Corp (TSX-V:EWR) News Release
Mr. Sheldon Inwentash of Mega Uranium reports
HAMLIN-SHEBANDOWAN 49M OF 0.68% COPPER EQUIVALENT IN HOLE HAM-05-35 COPPER-SILVER-GOLD-MOLYBDENUM ZONE, THUNDER BAY, ONTARIO
Mega Uranium Ltd. has released more results from drilling on the Hamlin-Shebandowan property, wholly owned by Mega's Maple Minerals division and East West Resource Corp. (each hold a 50-per-cent interest). Highlights include:
copper equivalent of 0.68 per cent over 49 metres (162 feet) in drill hole HAM-05-35;
drill confirms mineralized zone now over 800 metres in strike length and still open;
consistent confirmation of at-surface or near-surface mineralization; and
2.65 per cent copper, 23.1 grams silver and 1.43 grams gold over one metre in surface sample on section 0 plus 20 east.
Overview of Hamlin-Shebandowan
The broad geological model being used is based on a large volcanic massive sulphide (VMS) event with a second latter porphyry intrusion remobilizing the in situ metal.
At present, the joint owners are looking to extend the depth, thickness and strike length of the deposit. Drilling indicates the mineralization is open at depth beyond the currently drilled 96 metres, the thickness is confirmed at over 100 metres and is also open on both ends. The geophysically indicated strike length is over 2,000 metres, of which 800 metres has been drilled to date with confirmed mineralization.
The next phase of the Hamlin drilling campaign will look to extend the strike length and depth of the mineralization as well as identifying potential high-grade lenses. To date, the drilling has demonstrated substantial near-surface mineralization and consistent grades. The property is close by the Trans-Canada Highway, CP rail and is conveniently located 90 minutes by road from Thunder Bay.
Geological details
Hole HAM05-35, located 70 metres east of HAM05-34, was drilled at minus 45 degrees southeast to test the northern contact zone. It was collared in the felsic volcanics north of the contact with the breccia and passed through a sheared chlorite zone one metre wide at the margin of the breccia that contained 2.65 per cent copper, 23.1 grams silver and 1.43 grams gold over one metre on the surface. This mineralization was reflected in the drill hole approximately 25 metres below the surface at 29.5 to 30 metres, where 1.36 per cent copper over 0.5 metre was intersected.
The breccia zone has the same appearance as in the other holes, however the number of chert (silica) clasts were notably higher near the north contact. The width of mineralization sampled to date extended from 24.5 metres to 73.5 metres for a total core length of 49 metres (161.7 feet).
Drilling is to resume on other targets (electromagnetic conductors) in mid-December and early January further on strike to the east to trace the extent of the zone of massive-to-semi-massive sulphide and stringer sulphides discovered by hole HAM05-33 (see Stockwatch news dated Nov. 16, 2005).
HAM-05-35
Ticket From To Int. Cu Cu Cu
No. m m m ppm % pounds
/ton
638159 24.5 25 0.5 1645 0.165 3.29
638160 25 25.5 0.5 2490 0.249 4.98
638161 25.5 26 0.5 8120 0.812 16.24
638162 26 26.5 0.5 6970 0.697 13.94
638163 26.5 27.6 1.1 2460 0.246 4.92
638164 27.6 28.5 0.9 2210 0.221 4.42
638165 28.5 29.5 1 2320 0.232 4.64
638166 29.5 30 0.5 13600 1.360 27.20
638167 30 31 1 2630 0.263 5.26
638168 31 31.5 0.5 5060 0.506 10.12
638169 31.5 32.5 1 3890 0.389 7.78
638170 32.5 33.4 0.9 2130 0.213 4.26
638171 33.4 34 0.6 1500 0.150 3.00
638172 34 35 1 5070 0.507 10.14
638173 35 36 1 2600 0.260 5.20
638174 36 37 1 1850 0.185 3.70
638175 37 38 1 4260 0.426 8.52
638176 38 39 1 1715 0.172 3.43
638177 39 40 1 1290 0.129 2.58
638178 40 41 1 3550 0.355 7.10
638179 41 42 1 1695 0.170 3.39
638180 42 43 1 1230 0.123 2.46
638181 43 44 1 575 0.058 1.15
638182 44 45 1 975 0.098 1.95
638183 45 46 1 2120 0.212 4.24
638184 46 46.5 0.5 1215 0.122 2.43
638185 46.5 47 0.5 3100 0.310 6.20
638186 47 47.5 0.5 725 0.073 1.45
638187 47.5 48 0.5 5050 0.505 10.10
638188 48 49 1 2230 0.223 4.46
638189 49 49.5 0.5 5500 0.550 11.00
638190 49.5 50.5 1 1830 0.183 3.66
638191 50.5 51 0.5 2360 0.236 4.72
638192 51 52 1 1150 0.115 2.30
638193 52 53 1 669 0.067 1.34
638194 53 54 1 2240 0.224 4.48
638195 54 55 1 376 0.038 0.75
638196 55 56 1 664 0.066 1.33
638197 56 56.9 0.9 1070 0.107 2.14
638198 56.9 58 1.1 344 0.034 0.69
638199 58 58.5 0.5 283 0.028 0.57
638200 58.5 59 0.5 4550 0.455 9.10
Ticket Int. Ag Au Mo Mo Cu
No. m gpt gpt ppm pounds Eq
/ton %
638159 0.5 0.74 0.066 191.5 0.383 0.513
638160 0.5 1.26 0.079 317.0 0.634 0.814
638161 0.5 3.11 0.317 432.0 0.864 1.668
638162 0.5 2.60 0.371 446.0 0.892 1.594
638163 1.1 1.34 0.065 230.0 0.460 0.661
638164 0.9 1.26 0.085 290.0 0.580 0.743
638165 1 1.46 0.116 379.0 0.758 0.915
638166 0.5 4.19 0.535 946.0 1.892 3.160
638167 1 3.69 0.087 97.1 0.194 0.478
638168 0.5 3.71 0.252 884.0 1.768 2.095
638169 1 2.93 0.198 345.0 0.690 1.055
638170 0.9 1.46 0.097 242.0 0.484 0.661
638171 0.6 0.90 0.128 26.1 0.052 0.246
638172 1 2.73 0.133 94.9 0.190 0.730
638173 1 1.76 0.116 391.0 0.782 0.965
638174 1 1.14 0.071 304.0 0.608 0.725
638175 1 2.10 0.176 207.0 0.414 0.849
638176 1 1.01 0.053 209.0 0.418 0.545
638177 1 0.83 0.058 161.0 0.322 0.424
638178 1 2.11 0.250 262.0 0.524 0.897
638179 1 1.55 0.057 220.0 0.440 0.566
638180 1 0.78 0.061 184.0 0.368 0.457
638181 1 0.37 0.024 72.8 0.146 0.190
638182 1 0.52 0.044 176.5 0.353 0.411
638183 1 1.11 0.111 205.0 0.410 0.601
638184 0.5 0.66 0.051 109.5 0.219 0.327
638185 0.5 1.68 0.123 254.0 0.508 0.789
638186 0.5 0.42 0.036 200.0 0.400 0.422
638187 0.5 2.68 0.281 75.8 0.152 0.752
638188 1 1.18 0.110 432.0 0.864 0.991
638189 0.5 2.33 0.279 174.0 0.348 0.957
638190 1 1.07 0.071 315.0 0.630 0.741
638191 0.5 1.38 0.111 171.5 0.343 0.571
638192 1 0.68 0.054 178.5 0.357 0.437
638193 1 0.56 0.024 127.5 0.255 0.292
638194 1 1.37 0.106 281.0 0.562 0.740
638195 1 0.57 0.021 125.5 0.251 0.258
638196 1 0.51 0.032 89.5 0.179 0.230
638197 0.9 0.76 0.042 197.0 0.394 0.455
638198 1.1 0.29 0.017 20.0 0.040 0.076
638199 0.5 0.33 0.013 35.5 0.071 0.094
638200 0.5 2.57 0.291 2.9 0.006 0.583
Ticket From To Int. Cu Cu Cu
No. m m m ppm % pounds
/ton
639328 59 59.5 0.5 5690 0.569 11.38
639329 59.5 60 0.5 6660 0.666 13.32
639330 60 61 1 3860 0.386 7.72
639331 61 62 1 886 0.089 1.77
639332 62 63 1 1785 0.179 3.57
639333 63 64 1 3780 0.378 7.56
639334 64 65 1 6380 0.638 12.76
639335 65 65.5 0.5 8980 0.898 17.96
639336 65.5 66.5 1 2500 0.250 5.00
639337 66.5 67.5 1 2400 0.240 4.80
639338 67.5 68.5 1 540 0.054 1.08
639339 68.5 69.5 1 1430 0.143 2.86
639340 69.5 70.5 1 3350 0.335 6.70
639341 70.5 71.5 1 1125 0.113 2.25
639342 71.5 72.5 1 4280 0.428 8.56
639343 72.5 73.5 1 1515 0.152 3.03
WA 49.00 2480 0.262 5.25
Ticket Int. Ag Au Mo Mo Cu
No. m gpt gpt ppm pounds Eq
/ton %
639328 0.5 3.47 0.276 15.4 0.031 0.717
639329 0.5 4.05 0.243 330.0 0.660 1.330
639330 1 2.32 0.168 329.0 0.658 1.010
639331 1 0.70 0.035 138.5 0.277 0.336
639332 1 1.04 0.050 48.6 0.097 0.284
639333 1 2.92 0.162 786.0 1.572 1.765
639334 1 3.95 0.199 386.0 0.772 1.378
639335 0.5 5.48 0.318 168.0 0.336 1.328
639336 1 1.73 0.123 82.4 0.165 0.443
639337 1 2.0 0.144 118.5 0.237 0.503
639338 1 0.50 0.030 100.0 0.200 0.235
639339 1 0.70 0.060 53.0 0.106 0.258
639340 1 4.60 0.130 147.0 0.294 0.655
639341 1 0.60 0.040 85.0 0.170 0.273
639342 1 2.60 0.210 118.0 0.236 0.718
639343 1 1.00 0.070 188.0 0.376 0.497
WA 1.64 1.140 219.6 0.439 0.680
Note: 500 parts per million (ppm) equals 0.05 per cent, which equals one pound per ton. WA denotes weighted average values. Copper equivalent (Cu Eq) is calculated using assumed metal prices of $1.80 (U.S.) per pound of copper, $460 (U.S.) per ounce of gold, $30 (U.S.) per pound of molybdenum and $7 (U.S.) per ounce of silver. It is not adjusted for metallurgical recoveries, as these remain unknown. The formula used is as follows: Cu Eq per cent equals [(Cu dollars plus Ag dollars plus Au dollars plus Mo dollars) over 1.8)] over 22.
Base-metal and silver values (copper, silver and molybdenum) were determined by induced coupled plasma (ICP) after an aqua regia acid digestion. Assays exceeding 100 grams of silver and 10,000 parts per million copper were repeated using multiacid digestion and atomic absorption (AA). Check assays were run on high values. Preparation of the samples outlined in this news release were carried out by ALS Chemex in Thunder Bay and assaying was carried out by ALS Chemex in North Vancouver.
Gold values were determined by fire assay extraction on 30-gram samples followed by an AA finish.
The project set out above is being supervised by R. Middleton, PEng, who is the qualified person and responsible for quality control of the assaying and reporting. More details are available on SEDAR.