Saturday 22nd October 2016

Resource Clips

Mega Precious reports Manitoba Results including 6.2 g/t Gold over 10m

Resource Clips - essential news on junior gold mining and junior silver miningMega Precious Metals Inc TSXV:MGP announced assays from its Monument Bay Project in Manitoba. Highlights include

6.2 g/t gold over 10 metres
(including 28.77 g/t over 1 metre)
4.44 g/t over 7 metres
8.83 g/t over 3 metres
(including 25 g/t over 1 metre)
1.21 g/t over 20.5 metres
1.1 g/t over 20 metres
0.88 g/t over 25 metres

President/CEO Jim Rogers stated, “Drilling from Monument Bay continues to provide consistently strong results. The very high hit rate of the burn zone is an excellent indication of the persistent nature of the gold mineralization throughout the Monument Bay Gold Camp, for these results continue to expand the known resource both in size, quality and demonstrate the open-pit potential of the mineralized corridor at our Monument Bay Project in a relatively short period of time. The continuity of this gold deposit is well established and we are very confident that we will continue to achieve strong results as we further delineate the Monument Bay Camp. Our geological team is currently planning the next stage of drilling of approximately 50,000 metres, which is aimed to continue delineating mineral resources to form the basis of a mining reserve and a positive preliminary economic study in 2012.”

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by Greg Klein

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