Montviel’s Core Zone Initial NI 43-101 Mineral Resource Comes Up Big

- September 30th, 2011

GeoMega Resources Inc. (CVE:GMA) announced a resource estimate for its Quebec-based Montviel property.

GeoMega Resources Inc. (TSXV:GMA) announced a resource estimate for its Quebec-based Montviel property.

The press release is quoted as saying:

Montviel’s “Core Zone” base case resource estimate, using a Total Rare Earth Oxide (TREO) cut-off grade of 1.00%, hosts an Indicated mineral resource of 183,900,000 tonnes grading 1.45% TREO in addition to an Inferred mineral resource 66,700,000 tonnes grading 1.46% TREO.

GeoMega’s CEO, Simon Britt said:

“The mineral study revealed known Rare Earth Elements (REE) carrying minerals which are amenable to concentration and separation by recognized metallurgical processes. Montviel has the potential to play a significant near term role in the clean energy of the 21st century.”

Click here to read the entire news release.

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