Mega Precious Metals Starts Drill Program at Monument Bay

Mega Precious Metals Inc. (TSXV:MGP) announced that it’s started a 5,000-meter winter drill program at its Manitoba-based Monument Bay gold-tungsten project. The focus of the program will be resource expansion and new target development.

Here’s a look at other details on the program:

• The winter drill program will target prospective mineralized zones along the three main trends with the goal of discovering new zones of gold and tungsten mineralization.
• The top 10 exploration targets are in close proximity to the Twin Lakes Deposit.
• Each target is based upon the occurrence of new and/or historic high grade gold/tungsten intercepts with visible gold (VG) and scheelite, mineralized shearing, carbonate-sericite-silica alteration, together with coincidental soil and/or rock anomalies within the stratigraphy.
• Each target has the near-term potential to significantly add and also extend known mineralization associated with our Twin Lakes Deposit.
• Drilling started last week and the first phase of the winter program is expected to be completed during the second quarter of 2015.

Glen Kuntz, president and CEO of Mega Precious Metals, commented:

We are excited to announce the commencement of our winter drilling program. Drilling will focus on expanding resources along the Twin Lakes Shear Zone and targeting multiple geophysical and geological anomalies along the South Limb and Altered Island Shear Trends. Ongoing modelling and interpretation of Mega’s drilling in conjunction with re-logging of historic drilling has been utilized to develop multiple targets that require follow up drilling. Our December 1, 2014 press release outlines a number of targets that have never been tested and offer near term potential to develop into a new multimillion ounce gold/tungsten mining camp, which has the potential to provide significant value creation for our shareholders.

Click here to read the full Mega Precious Metals Inc. (TSXV:MGP) press release.