Gold/Mining/Energy | Geomega Resources


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From: sense12/31/2011 2:34:22 AM
1 Recommendation   of 29
 
Nov. 8, 2011, 9:57 a.m. EST

GeoMegA Resources Inc./Montviel: Metallurgy and Phase 2 Drilling Update

MONTREAL, QUEBEC, Nov 08, 2011 (MARKETWIRE via COMTEX) -- Geomega Resources Inc. (GeoMegA) CA:GMA +4.90% is pleased to provide an update on its Montviel fast-tracked rare earth project, located 97 km north of Lebel-sur-Quevillon, Quebec. Phase 2 drilling started as scheduled on September 12, 2011 with the second drill rig arriving on site on October 15, 2011. As of October 30, 2011, ten (10) diamond drill holes (DDH) totaling 5,140 metres (m) were drilled in the southwest part of the Montviel Core Zone. In addition, metallurgical work on 600 kg of re-splitted core is underway at SGS Canada, Lakefield, Ontario.

Phase 2 drilling - Definition

Eight DDH, for 4,097 m, were done to complete a 90 m drilling pattern on section 4+00W, 5+90W and 7+00W. The core shows similar geology to surrounding DDH of Phase 1 drill program which were the best in continuity and grade. Completion of a 90 m drilling pattern throughout the Core Zone is expected within five (5) weeks.

Phase 2 drilling - Exploration

Two DDH, for 1,043 m, set-up on or nearby section 7+00W, were drilled with the objective of delimiting the western and southern limits of the mineralized ferro-carbonatite. DDH MVL-11-21 (Az 240) extended the mineralized zone for at least 300 m horizontally to the west. At mid-distance, it intersected deca-metric sections of silico-carbonatites, suggesting it was passing close to the northern contact, but ended in ferro-carbonatite. DDH MVL-11-30 (Az 180), extended the mineralized zone for about 100 m horizontally to the south. The core shows similar geology to adjacent holes to the north.

Assay results for the 5,140 m are pending and will be disclosed when readily available.

Metallurgy - Concentration

Preliminary metallurgical testing of ferro-carbonatite and phosphate-rich phase composite samples is in progress. Heavy liquid separation (HLS) tests have been completed and samples submitted for assay. Stage grinding of the two composites to -65 mesh and -150 mesh (guided by a high definition mineralogical study, see August 24, 2011 press release) are in progress for ongoing high intensity magnetic separation tests, Wilfley table separation trials, and flotation tests. This battery of tests will provide data for choosing the most effective physical processing techniques for these mineralized rock types to produce rare earth, niobium and phosphate concentrates. The concentrates will then be passed on to hydrometallurgical testing to investigate processes for extracting rare earth compounds. This scoping level work program is on schedule and expected to be completed in Q1 2012. Preliminary results on the concentration of minerals are expected in December 2011.

NI 43-101 Disclosure

Jacquelin Gauthier, Geo., P. Eng., VP Exploration, and Gary H. K. Pearse, M.Sc., P. Eng., an independent consultant, are the qualified persons who supervised the preparation of the technical information in this news release.

Major discovery for Quebec - 3rd largest TREO deposit outside China (NI 43-101 or equivalent)

The initial NI 43-101 compliant resource calculation, released on September 29, 2011, totalled 183.9 million tons Indicated averaging 1.45% total rare earth oxides (TREO) in addition to 66.7 million tons Inferred averaging 1.46% TREO. Montviel has the potential to play a significant near term role in the clean technologies of the 21st century due to its proximity to infrastructure and available labour.

Rare earth elements are key components of the clean energy technologies and other high-technology applications. Major applications include hybrid/electric automobiles, advanced wind turbines, computer hard drives, compact fluorescent lights and numerous metal alloys.

About GeoMegA

GeoMegA, which owns 100% of the Montviel property, is a young Quebec mining exploration company focused on finding economically viable deposits of elements needed by Clean Technologies. GeoMegA is committed to meeting stringent mining industry standards and distinguishing itself with its expertise, know-how and its support and respect for local communities and the environment.

GeoMegA currently has 22,205,899 common shares outstanding and is well funded.

On behalf of the Board of Directors of GeoMegA

/s/ "Simon Britt", Simon Britt, President and Chief Executive Officer

Forward-Looking Statements. This Company news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

The TSX Venture Exchange and its regulatory service provider (as defined in the TSX-V Rules) cannot be held responsible for the accuracy or veracity of this release.

Contacts: For Investors: Simon Britt GeoMegA 450 465-0099 info@ressourcesgeomega.ca
marketwatch.com 

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From: sense12/31/2011 2:57:18 AM
1 Recommendation   of 29
 
Thu, 15 Dec, 2011 10:54 AM EST

GeoMegA Drills 2% TREO/327m and 0.75% Nb2O5/32.9m in MVL-11-26

MONTREAL, QUEBEC--(Marketwire - Dec. 15, 2011) - Geomega Resources Inc. (GeoMegA) (TSX VENTURE: GMA.V - News) announces the initial results of Phase 2 drill program on its Montviel REE project located 97 km north of Lebel-sur-Quevillon, Quebec. Highlights include 2% total rare earth oxide (TREO) over 327 m and 0.75% niobium oxide (Nb2O5) over 32.9 m in hole MVL-11-26.

"Phase 2 drill program is progressing according to plan. Initial results confirm our expectations of defining a significant NI 43-101 Measured resource with an average grade closer to 2% TREO. This level of resource certainty combined with metallurgical tests results will allow us to skip either the Preliminary Economic Assessment or Pre-Feasibility Study required prior Bankable Feasibility Study. The 0.75% Nb2O5 over 32.9 m intersection in MVL-11-26 is a valuable surprise (Nb2O5 = US$63/kg. Asian Metals, FOB China, December 13, 2011). Looking forward to begin 2012 with Metallurgical and Engineering developments." comments Simon Britt, CEO of GeoMegA.

MONTVIEL CORE ZONE

Significant Assay Results - Phase 2 drill program

----------------------------------------------------------------------------
Core
length TREO Nd2O3 Ratio Nb2O5
Drill From To (1) (2) (3) MHREO (3)
DDH No. Dip Az Section (m) (m) (m) (%) (%) TREO (%)
----------------------------------------------------------------------------
MVL-11-26 -55 330 5+90 W 40.3 471 430.7 1.80 0.29 4.3% 0.22
----------------------------------------------
Incl. 144 471 327 2.00 0.31 3.8% -
----------------------------------------------
Incl. 144 176.9 32.9 - - - 0.75
----------------------------------------------------------------------------
MVL-11-25 -55 330 5+90 W 80.4 407.7 327.3 1.39 0.24 3.7% 0.13
----------------------------------------------
Incl. 95 180 85 1.98 0.39 4.1% -
----------------------------------------------------------------------------
MVL-11-24 -55 330 5+90 W 38.5 342 303.5 1.24 0.22 4.7% -
----------------------------------------------
Incl. 70 146 76 2.05 0.35 3.0% -
----------------------------------------------------------------------------
MVL-11-23 -55 330 7+20 W 186 276 90 1.54 0.21 3.2% -
----------------------------------------------------------------------------
Incl. 220.5 255.8 35.3 - - - 0.20
----------------------------------------------------------------------------
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.



The 90-meter drilling pattern (needed for indicated resources), totaling 9,100 m over 22 diamond drill holes (DDH), has been completed over the majority of the published NI 43-101 resources area. The two drill rigs are now focusing on a 45-meter in-fill drilling pattern aimed at defining a 50 to 70 Mt starter pit in the enriched south-west part of the Montviel ferro-carbonatite Core Zone. An estimated 15,700 m over 39 DDH will be required to complete the in-fill drilling. Next series of DDH will be disclosed when assays are available.

MONTVIEL EXPLORATION

Significant Assay Results - Phase 2 drill program

----------------------------------------------------------------------------
Core Ratio
From To length(1) TREO(2) Nd2O3(3) MHREO
DDH No. Dip Az (m) (m) (m) (%) (%) TREO
----------------------------------------------------------------------------
MVL-11-21 -55 240 37 131 94 0.89 0.12 6.4%
----------------------------------------------------------------------------
MVL-11-22 -55 330 183 230.5 47.5 1.07 0.20 9.4%
----------------------------------------------------------------------------



Two explorations DDH were drilled at the fringe of the published NI 43-101 resources area. DDH MVL-11-21 extended the mineralized carbonatite approximately 300 meters further to the west. DDH MVL-11-22, drilled north of hole MVL-11-09 (breccia of 17.1 meters grading 0.76% TREO with 28% MHREO/TREO including 210 ppm dysprosium oxide), intersected the junction of three breccias over 47.5 meters grading 1.07% TREO with 9.4% MHREO/TREO including 70 ppm dysprosium oxide.

NI 43-101 Disclosure

Alain Cayer, Geo., MSc., Chief Geologist, and Jacquelin Gauthier, P.Eng., Geo., VP Exploration, are the Qualified Persons who supervised the preparation of the technical information in this news release.

ALS Global conducted all analyses in their Vancouver laboratory. The analyses were done on every sample using lithium metaborate fusion, followed by ICP analysis and completed by mass spectrometry. Specific XRF assays were conducted on niobium. Quality control and assurance were done by systematically using REE standards, blanks and duplicates.

Total Rare Earth Oxides ("TREO") include: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, and Y2O3.

Middle and Heavy Rare Earth Oxides ("MHREO") is the sum of the middle rare earth oxides (Sm2O3, Eu2O3, Gd2O3) and the heavy rare earth oxides (Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3) plus Y2O3 expressed as a percent out of the TREO content.

Major Rare Earths discovery for Quebec - MONTVIEL NI 43-101: 183.9Mt Indicated averaging 1.45% TREO

The initial NI 43-101 compliant resource calculation, released on September 29, 2011, totalled 183.9 million tons Indicated averaging 1.45% total rare earth oxides (TREO) in addition to 66.7 million tons Inferred averaging 1.46% TREO. Montviel has the potential to play a significant near term role in the clean technologies of the 21st century due to its proximity to infrastructure and available labour.

About GeoMegA

GeoMegA, which owns 100% of the Montviel property, is a young Quebec mining exploration company focused on finding economically viable deposits of elements needed by Clean Technologies. GeoMegA is committed to meeting stringent mining industry standards and distinguishing itself with its expertise, know-how and its support and respect for local communities and the environment.

GeoMegA currently has 22,355,899 common shares outstanding.

On behalf of the Board of Directors of GeoMegA

Simon Britt, Chief Executive Officer

Forward-Looking Statements. This Company news release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

The TSX Venture Exchange and its regulatory service provider (as defined in the TSX-V Rules) cannot be held responsible for the accuracy or veracity of this release.

Contacts

Simon Britt
For Investors:
GeoMegA
450 465-0099
info@ressourcesgeomega.ca

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To: sense who wrote (2)12/31/2011 11:52:45 PM
From: Zilyunz   of 29
 
Well if sense is here, I am guessing this play has a lot of merit ...

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To: Zilyunz who wrote (3)1/1/2012 4:22:42 AM
From: sense1 Recommendation   of 29
 
I was sold on the property based on the results of their first drill core (drilled in a magnetic low spot, vs. a magnetic high)... sold on the property, but not on the share price quite so much. Now, they've shown a lot more value with all the work that's been done... and it trades for $1 instead of $4 ? Looking pretty good to me down here... but, MACD looks like it's rolling over... and, maybe there'll be an even bigger fire sale in January ?

What's been overlooked in Lifton's discussion of the need for smaller REE outfits to figure out the processing problem, is that before China closed down exports, the Japanese had their own processing capabilities, and they imported concentrates, not finished metals. Now, they're desperate to avoid being shut out of markets for lack of REE, and they are contracting with smaller sites, company by company, to meet the needs of those particular companies with secure sources of supply... and, Japan can do the processing, if you can get them the concentrates. That isn't going to produce a lot of the pie in the sky estimates in the numbers that were current a year or two back... but, it means solid numbers in the exploration effort can make for a solid business digging stuff up and selling it for more than it cost to dig it up. Once you're profitable doing basic mining, funded with off-take agreements, you can probably do more to bootstrap or borrow to fund development of in house separations capabilities ?

GOMRF is showing a lot of REEs in a (unusual) nicely uniform deposit that's averaging around 2% total REE with good fractions of heavy... which isn't Molycorp's 4% or better at Mountain Pass... but it beats the pants off of most of the others in the market, both in consistency, quantity and quality. Looking now like they've got the third largest deposit known, outside of China ?

Management isn't wasting any time, either, in getting the work done... they got the project funded... and they're gettin er done..

Market cap is about half CMRZF... with a much better project... and none of the hype.




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From: sense1/11/2012 4:29:07 PM
   of 29
 
GeoMegA Retains G Mining Services Inc. for Montviel PEA

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From: sense2/21/2012 5:19:06 AM
   of 29
 
News out on early results of their ongoing Phase 2 drilling

GéoMégA drills 46.5m of 3.09% TREO + 0.60% Nb2O5
South-west portion of Montviel Core Zone enriched in Rare Earths and Niobium

Here's the link to the .PDF of the PR

They also note having found a couple of smaller intersections with higher values than previously reported in medium and heavy REE, a fraction between 20% and 28% found in smaller intersections in two similar holes located 800 meters apart... along with some niobium values in those intersections that range up to 2% over 6 meters, although those values are found in narrow intersections, and they are at 800 meters depth...

The higher values are encouraging, but, they're not statistically relevant at this point. They do appear solidly on track to expand the already existing resource at comparable values as what they've already proven.

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From: sense4/9/2012 7:56:54 PM
   of 29
 
Ran across this today and noted it's relevance here on two counts:

The Death of China's Rare Earth Monopoly... And the Next Rare Mineral to Run

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To: sense who wrote (5)4/10/2012 12:50:35 AM
From: sense   of 29
 
GeoMegA Completes Phase 2 Drilling and Initiates Work With Golder Associates

Golder Associates to perform hydrogeological, geotechnical, geomechanical and geochemical PEA work

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From: sense6/12/2012 1:12:00 PM
   of 29
 


GeoMegA Announces Preliminary Results on Montviel's Metallurgy Press Release: GeoMegA Resources Inc. – Thu, May 17, 2012 8:23 AM EDT







Companies:
GEOMEGA RESOURCES INC




RELATED QUOTES
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GMA.V0.550.00










MONTREAL, QUEBEC--(Marketwire - May 17, 2012) - Geomega Resources Inc. ("GeoMegA") ( GMA.V - News) announces preliminary results obtained in the conception of the processing flow sheet for its Montviel Rare Earths/Niobium project located near Lebel-sur-Quevillon, Quebec.

Highlights from the conception of the preliminary processing flow sheet include:







1. Mineral concentrate with high total rare earth oxides ("TREO") and Nb2O5

("Niobium oxide") recovery using combined gravity/flotation results in:



- Recovery of 87% of TREO (Ce2O3 assays as a proxy) and 95% of Nb2O5;

- 31% whole ore mass reduction.



2. Successful use of ferromagnetic separation on whole mineralized ore

results in:



- Recovery of 97% of TREO (Ce2O3 assays as a proxy) and 96% of Nb2O5;

- 16% whole ore mass reduction.



3. Assuming similar success using ferromagnetic separation on mineral

concentrate which contained 80% of the iron mineralization present in

the mineralized ore, pre-concentrate estimated recovery results in:



- Recovery of 85% of TREO (Ce2O3 assays as a proxy) and 90% of Nb2O5;

- 42% whole ore mass reduction.



4. Iron by-product separated during physical pre-concentrate preparation.



5. Processing flow sheet now conceptually defined for inclusion in the

Preliminary Economic Assessment which is currently in progress by G

Mining Services Inc.





"The recovery factor in these preliminary results is excellent. Mr. Pearse, GeoMegA's consulting metallurgist, has added a ferromagnetic separation (step 2) subsequent to gravity/flotation (step 1) which results in additional ore mass reduction and excellent recoveries (97% TREO and 96% Nb2O5), while producing a potential saleable iron by-product. The iron removal triggers further improvements in the pre-concentrate which will reduce hydrometallurgical costs. Additional tests and optimization at every level are ongoing. Aside from location, Montviel has distinct similarities with the world's largest rare earths resource in Bayan Obo (Inner Mongolia), which is primarily an iron ore deposit." comments Simon Britt, CEO of GeoMegA.

COREM Laboratory (Quebec)

COREM, a consortium of applied research for the processing and transformation of mineral substances, was engaged in March 2012 to undertake parallel testing on ferromagnetic separation on a representative sample of Montviel's Rare Earths/Niobium enrichment zone mineralization. Approximately 150 kg of uncrushed drill core was delivered to COREM. Testing and results on different grain size, roasting temperatures and gradient strength are expected to be completed in the coming weeks.

About the Montviel Rare Earths/Niobium Project

The Montviel Rare Earths/Niobium/Iron Project is located approximately 45 km west of the Cree First Nation of Waswanipi and 100 km north of Lebel-sur-Quevillon in the southern, developed, part of Quebec's "Plan Nord" (North of 49th parallel). The Plan Nord is an $80 billion economic, social and environmental development plan of Northern Quebec over a period of 25 years. Montviel's initial NI 43-101 compliant resource calculation at a base cut-off grade of 1% TREO, released on September 29, 2011, totalled 183.9 Mt averaging 1.45% TREO in the Indicated resources category and 66.7 Mt averaging 1.46% TREO in the Inferred resources category. Montviel, one of the largest TREO resource outside China, has the potential for a significant near term role in the growing permanent magnet sector due to its proximity to infrastructure and available labour.

NI 43-101 Disclosure

Gary H.K. Pearse, P.Eng., MSc., metallurgical consultant, is the Qualified Person who supervised the preparation of the technical information presented in the highlights section of this news release.

Alain Cayer, Geo., MSc., VP-Exploration, is the Qualified Person who supervised the preparation of the technical information presented in the section entitled "About the Montviel Rare Earths/Niobium Project" of this news release.

SGS Minerals Services conducted all analyses in their Lakefield laboratory.

Total Rare Earth Oxides ("TREO") include: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, and Y2O3.

About GeoMegA

GeoMegA, which owns 100% of the Montviel Rare Earths/Niobium project, is a Quebec mineral exploration company focused on finding economically viable deposits of Minor Metals in Quebec. GeoMegA is committed to meeting Canadian mining industry standards and distinguishing itself with its expertise, know-how and its support and respect for local communities and the environment.

28,899,113 common shares of GeoMegA are currently issued and outstanding.

/s/ "Simon Britt"

Simon Britt

Chief Executive Officer

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 forecast 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.

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.



Contact:
Mario Spino
For Investors:
GeoMegA
450-465-0099
mspino@ressourcesgeomega.ca

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To: sense who wrote (9)6/12/2012 1:13:09 PM
From: sense   of 29
 


GeoMegA Intersects a High Grade Zone of 1.38% Niobium Oxide + 2.06% TREO Over 95.5 Meters, Including 3.08% Niobium Oxide Over 29.6 Meters Press Release: GeoMegA Resources Inc. – Wed, May 23, 2012 7:00 AM EDT







Companies:
GEOMEGA RESOURCES INC




RELATED QUOTES
SymbolPriceChange
GMA.V0.550.00








MONTREAL, QUEBEC--(Marketwire -05/23/12)- Geomega Resources Inc. ("GeoMegA") ( GMA.V) announces results of diamond drill ("DD") hole MVL-12-59B completed in Phase 2 drilling for its Montviel Rare Earths/Niobium project located near Lebel-sur-Quevillon, Quebec. Highlights include:

MVL-12-59b: 2.06% total rare earth oxides ("TREO") + 1.38% Nb2O5 intersected over 95.5 m from 334.5 m; Including: 2.42% TREO + 3.08% Nb2O5 intersected over 29.6 m from 351.4 m; ---------------------------------------------------------------------------- Section/ Core Neo- MHREO DDH Dip/ length TREO dymium TREO Niobium No. Az From To (1) (2) Oxide (%) Oxide Fe2O3(3) (m) (m) (m) (%) (%) (%) (%) ---------------------------------------------------------------------------- MVL- 6+80W/ 318.0 501.0 183.0 1.53 0.25 3.89 0.76 22.1 12- -55/ 59B 330 -------------------------------------------------------------- Incl. 334.5 430.0 95.5 2.06 0.33 3.26 1.38 23.9 -------------------------------------------------------------- Incl. 351.4 381.0 29.6 2.42 0.42 3.06 3.08 21.6 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- 1. True width is estimated to be 45% of core length based on structural interpretation of the enrichment zone. 2. Cerium, Lanthanum, Neodymium, Praseodymium are the most abundant REO. 3. Siderite, ankerite and magnetite are the most abundant iron minerals. 4. 0.1% = 1 kg/ton. ---------------------------------------------------------------------------- DD hole MVL-12-59B is corralled approximately 170 meters and 60 meters south-east of DD holes MVL-11-32D and MVL-11-34 respectively on section 6+80 West. Highlights from February 14, 2012 news release includes:

MVL-11-32D: 2.59% TREO + 0.55% Nb2O5 intersected over 19.5 m from 219 m;

MVL-11-34: 3.09% TREO + 0.60% Nb2O5 intersected over 46.5 m from 318 m.

DD hole MVL-12-59B intersected silico-carbonatite (host rock) at the start of drilling (0 to 318 metres) and then intersected the ferro-carbonatite from 318 to 501 metres. Additional results from the remaining Phase 2 assay results, which include over 15,569 meters in 35 DD holes, will be released once check assays have been completed.

"The technical team accurately predicted the location of the Rare Earths enrichment zone in preparing Phase 2 drilling. The enrichment in niobium is a bonus. The enrichment zone niobium grade compares favorably to the average grade mined at Niobec (IAMGOLD), the only niobium producing mine outside Brazil, also in Quebec. Following excellent preliminary results on the recovery of pyrochlore, the niobium bearing mineral, the Preliminary Economic Assessment ("PEA") study will include a niobium oxide concentrate by-product." comments Simon Britt, CEO of GeoMegA.

About Niobium

Niobium is used in the manufacture of high strength, low alloy steels specifically used in manufacturing green technologies, turbines, aerospace, automobiles, oil and gas. Global annual consumption of ferro-niobium is approximately 90,000,000 kilograms per year and is growing at an annual rate of 5-7%. Long term forecasted price of ferro-niobium is US$45/kg (IAMGOLD). There are three producers worldwide, which include CBMM (Brazil), Anglo American (Brazil) and IAMGOLD (Canada).

CANMET Laboratory (Ottawa)

CANMET Mining and Mineral Sciences Laboratories (CANMET-MMSL) was engaged in May 2012 to undertake parallel testing on the recovery of neodymium, dysprosium, praseodymium and Niobium. Program preparation has begun, tests will start once the ferromagnetic separation (step 2 in the flow sheet) is optimized. CANMETT-MMSL recently launched an internal project which aims at advancing the science and technology of rare earth mineral processing, including ore characterization, physical separation and hydrometallurgical extractions. The main drive is rendering the processes greener through frugal use of water and energy and reduced impact of processing effluents on the environment.

About the Montviel Rare Earths/Niobium Project

The Montviel Rare Earths/Niobium/Iron Project is located approximately 45 km west of the Cree First Nation of Waswanipi and 100 km north of Lebel-sur-Quevillon in the southern, developed, part of Quebec's "Plan Nord" (North of 49th parallel). The Plan Nord is an $80 billion economic, social and environmental development plan of Northern Quebec over a period of 25 years. Montviel's initial NI 43-101 compliant resource calculation at a base cut-off grade of 1% TREO, released on September 29, 2011, totalled 183.9 Mt averaging 1.45% TREO in the Indicated resources category and 66.7 Mt averaging 1.46% TREO in the Inferred resources category. Montviel, one of the largest TREO resource outside China, has the potential for a significant near term role in the growing permanent magnet sector due to its proximity to infrastructure and available labour. The PEA study, ongoing with G Mining Services Inc., will first focus on the Rare Earths/Niobium enrichment zone of the deposit.

NI 43-101 Disclosure

Alain Cayer, Geologist, MSc., VP-Exploration, is the Qualified Person and Claude Britt, GeoMegA's geological advisor, supervised the preparation of the technical information in this news release.

ALS Global conducted all analyses in their Vancouver laboratory. The analyses were done on every sample using lithium metaborate fusion, followed by ICP analysis and completed by mass spectrometry. Specific XRF assays were conducted on niobium. Quality control and assurance were done by systematically using REE standards, blanks and duplicates.

Total Rare Earth Oxides ("TREO") include: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, and Y2O3.

Middle and Heavy Rare Earth Oxides ("MHREO") is the sum of the middle rare earth oxides (Sm2O3, Eu2O3, Gd2O3) and the heavy rare earth oxides (Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3) plus Y2O3 expressed as a percent out of the TREO content.

About GeoMegA

GeoMegA, which owns 100% of the Montviel Rare Earths/Niobium project, is a Quebec mineral exploration company focused on finding economically viable deposits of Minor Metals in Quebec. GeoMegA is committed to meeting Canadian mining industry standards and distinguishing itself with its expertise, know-how and its support and respect for local communities and the environment.

28,899,113 common shares of GeoMegA are currently issued and outstanding.

Simon Britt, Chief Executive Officer

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 forecast 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.

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.



Contact:

For Investors:
Mario Spino
GeoMegA
450-465-0099
mspino@ressourcesgeomega.ca

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