The Conversation (0)
Nov. 12, 2014 11:35AM PST
GeoMegA Resources (TSXV:GMA) will begin a 3,000 meter drill program at its Anik gold project. The company has also closed a private placement for gross proceeds of $225,030. Proceeds from the private placement will be used for the initial drilling campaign and for working capital purposes.
As quoted in the press release:
The Anik project (“Anik”) is located 40 km south of the town of Chapais, in Québec and consists of 151 mining claims covering an area of approximately 8,452 hectares. Anik benefits from a permanent access, public infrastructure and experienced workforce in the immediate vicinity.
The area exhibits strong potential for gold-bearing mineralization with the Joe Mann mine (4.75 Mt at 8.26 g/t Au), Phillibert (1.4 Mt at 5.3 g/t Au) and Lake Meston (1.2 Mt at 6.25 g/t Au) deposits and several new gold discoveries made by Iamgold/TomaGold (at Monster Lake), Vanstar (at Nelligan) and Bold Ventures/Northern Superior (at Surprise Lake) within a few kilometers of the property.
Click here to read the GeoMegA Resources (TSXV:GMA) press release
Click here to see the GeoMegA Resources (TSXV:GMA) profile.