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Continuing Success for Mega Uranium At Athabasca Property

Investing News Network
Nov. 26, 2012 01:00PM PST
Company News

Mega Uranium Ltd. (TSX:MGA) and Forum Uranium Corp. (TSXV:FDC) are pleased to announce evaluation results from the first drill target at the Northwest Athabasca property under option from Cameco Corporation.

Mega Uranium Ltd. (TSX:MGA) and Forum Uranium Corp. (TSXV:FDC) are pleased to announce evaluation results from the first drill target at the Northwest Athabasca property under option from Cameco Corporation.

Highlights from the press release:

– Drillhole NWA-35 – 2.48% U3O8 over 1.5 metres at a vertical depth of 26 metres with a 0.5 metre interval grading 5.77% U3O8.

– Drillhole NWA-34 – 20 centimetres grading 0.27% U3O8 at a vertical depth of 50 metres, located only 20 metres west of the historic Zone 2A mineralization.

– The Northwest Athabasca property hosts the Maurice Bay deposit (historical resource* of 1.5 million pounds uranium at a grade of 0.6% U3O8)

Click here to read full Marketwire press release.

 

forum uranium corp mega uranium ltd mega uranium tsx:mga tsxv:fdc
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