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Geomega Resources Inc.: 250 Meters Gold-Bearing Corridor on Anik
Highlights of this news release:
|By Marketwired .
|September 4, 2014 08:13 PM EDT
MONTREAL, QUEBEC -- (Marketwired) -- 09/04/14 -- Futher to the news release of August 29, 2014, Geomega Resources Inc. ("GeoMegA" or the "Company") (TSX VENTURE: GMA), is pleased to announce the discovery of new gold-bearing outcrops revealing a 250 meters mineralized corridor on its Anik property located 40 km south of Chapais, in Quebec. Three (3) mineralized outcrops, more then 250 meters apart, confirm the extensions and gold potential of the corridor. A saw sample taken on the new, mechanically stripped outcrop graded 3.16 g/t Au. In addition, two (2) new angular to sub-angular blocks, located 50 meters S-W of the discovery outcrop, graded 2.63 and 2.84 g/t Au. The gold-bearing corridor is located within an important structural zone of the Guercheville/Opawica deformation corridor.
"Anik is sending us excellent signals with its various mineralized outcrops and angular blocks near the discovery. We are at the beginning of a new gold discovery. Currently, the best results (7.86 g/t, 8.03 g/t and 10.30 g/t Au) are in altered, highly friable schists. The presence of overburden throughout the gold-bearing corridor makes access to the schists difficult. The work resumes next week to identify the extensions of the mineralized outcrops and identify drilling targets." comments Alain Cayer, Vice-President Exploration of GeoMegA.
To view the details of the gold-bearing corridor on the Anik property (maps and pictures), please click the following link:
The lithologies, alterations and mineralizations found in the sector are extensive and showcase significant hydrothermal activity in this portion of the Guercheville/Opawica deformation corridor. Ultramafics, mafics, sediment units and felsic dikes are among identified lithologies. Alterations found are sericite, ankerite, silica-quartz, talc, tourmaline, fuchsite and green and black chlorite. The mineralization consists of traces to 10% disseminated pyrite or locally in veinlets and traces of chalcopyrite. Generally, they are associated with silicification and ankeritisation within a wide zone of sericite schist.
About the Anik property
The Anik property is located 40 km south of the town of Chapais, in Quebec and consists of 144 mining claims covering an area of approximately 7,382 hectares. The project benefits from a permanent access, public infrastructure and an experienced workforce in the immediate vicinity.
The Company's website will be updated during the month of September.
NI 43-101 Disclosure
Alain Cayer, P. Geo., MSc., Vice-President Exploration of GeoMegA, is the Qualified Person under NI 43-101 guidelines who supervised and approved the preparation of the technical information in this news release.
All samples have been assayed at the ALS Global laboratory in Val d'Or by standard fire assay followed by atomic absorption and by gravimetry if results are greater than 0.50 ppm Au. A multi-elemental analysis by aqua-regia and spectroscopy (ICP-AES/MS) will be realized at the ALS Global laboratory in Vancouver, for each sample. Quality controls include systematic addition of blank samples and certified gold standards to each batch sample sent to laboratories.
About GeoMegA (www.geomega.ca)
GeoMegA is a mineral exploration and evaluation company focused on the discovery and sustainable development of economic deposits of metals in Quebec. GeoMegA is committed to meeting the Canadian mining industry standards and distinguishing itself with innovative engineering, stakeholders' engagement and dedication to local transformation benefits.
50,401,283 common shares of GeoMegA are currently issued and outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecasted or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.
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