Canadian Mining Journal

News

GOLD: Monument Bay expands for Mega Precious

MANITOBA – Mega Precious Metals of Thunder Bay, ON, is looking at expanded high grade gold-tungsten structures in the Twin Lakes deposit at its Monument Bay property 340 km southeast of Thompson. The good news comes with the...



MANITOBA – Mega Precious Metals of Thunder Bay, ON, is looking at expanded high grade gold-tungsten structures in the Twin Lakes deposit at its Monument Bay property 340 km southeast of Thompson. The good news comes with the re-examination of old cores as well as results from four holes of the winter drill program.

Mega says it has encountered multiple gold-tungsten structures near surface within broader zones of gold mineralization with frequent visible gold. Hole TL14-532 assayed 3.33 g/t over 55.0 metres, including 15.0 g/t over 5.0 metres plus 0.16% WO3 over 14.0 metres. Hole TL-14-527 returned 3.06 g/t Au over 37.6 metres, including 5.32 g/t Au and 0.12% WO3 over 17.0 metres.

The Monument Bay property is located in a greenstone belt similar in style to the Abitibi Belt. Mega has now analyzed more than 12,000 metres of new drill core from 2013 and 2014 and over 8,000 metres of historical core that will be incorporated into a new resource.

More information about the Monument Bay project is available at MegaPMI.com.