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Mega Precious Metals Inc.
Summary
| Project: | Monument Bay | |
|---|---|---|
| Deposit: | Monument Bay | |
| Location: | Canada | |
| Commodities: | Gold-Tungsten | |
| Date: | 11/21/2014 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-11-2014: Mega Precious Metals Inc. announces a Resource Estimation report for its Monument Bay deposit at the Monument Bay project. Updated mineral resource estimate for Monument Bay. The Property is a gold-bearing shear system located approximately 57 | |
| Resources: | (Resource, M+I): 46871t @ 1.43g/t Au | |
| CP/QP: | [Resources]: Todd McCracken (WSP Canada Inc.) | |
| ABSTRACT: | The Property is a gold-bearing shear system located approximately 570 km northeast of Winnipeg Manitoba. The Property consists of 136 claims totaling 31,250 ha, located at approximately 54° 26’ north latitude and 92° 54’ west longitude (Universal Transverse Mercator (UTM) WGS 84 15U 6032500N/506000E).The claims are currently owned 100% by Mega Precious Metals Inc. (Mega) through their wholly-owned subsidiary, Rolling Rock Resources Corporation (Rolling Rock). The Property has seen extensively exploration, which started in 1987 with work by Noranda Inc. To date, a total of 544 boreholes have been completed on the Property. To date, Mega has delineated three mineralized zones on the Property through the compilation of the diamond drill data, including the re-sampling of over 30,000 m of historical diamond drill core and surface stripping. In May 2014, Mega commissioned WSP Canada Inc. (WSP) to update an existing National Instrument 43-101 (NI 43-101) report with a new resource estimate. This report has been prepared in accordance with NI 43-101 and the Form 43-101F1 | |
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