Update on the Lake Maitland Uranium Project

Mega Uranium Ltd. (TSX:MGA) reported on the development of its Lake Maitland uranium project in Western Australia.

As quoted in the press release,

The results of the disequilibrium study conducted on the Project earlier this year concluded that, overall, positive disequilibrium exists in the Project deposit and that downhole radiometric logging significantly understates the actual uranium grade. Examination of the diamond core assays from the Test Pit Program showed them to be robust, with the analysis of the diamond hole radiometric logging versus the chemical analysis of the core samples indicating that, on average, radiometric logging at Lake Maitland understates the:

• Mineralisation thickness
• Mineralisation volume
• U₃O₈ grade

Click here to read the Mega Uranium Ltd. (TSX:MGA) press release.