MONTVIEL, ONE OF THE WORLD MOST SIGNIFICANT DEPOSITS OF NEODYMIUM
PRESS RELEASE
For immediate distribution
GéoMégA unveils new drilling results: 544.6 meters at 1.41% TREO
Montréal, June22, 2011 –Géoméga Resources Inc. (GéoMégA) is pleased to announce new drilling results conducted on the Montviel property in Abitibi, Québec. The new data gathered from assays of diamond drill holes (DDH) MVL-11-09 and MVL-11-10 confirm that the mineralized zone of rare earth elements extends 200 metres further west and 175 metres south.
Assays from DDH MVL-11-10, about 175 meters south of DDH MVL-11-07, reveals 1.41% total rare earth oxides (TREO) over the entire 544.6-metre core length. This is unheard of anywhere outside China. DDH MVL-11-09, about 200 metres to the west of DDH MVL-10-03, reveals 1.51% TREO over the first 127.55 metres of core sample.
“These latest results confirm that it is one of the world’s most significant deposits of neodymium that can be accessed and exploited in the short term. Road and rail access and nearby hydroelectric services mean that the Montviel deposit can be mined in the near future,” said GéoMégA President Simon Britt.
Concentrations of neodymium oxide, 0.247% and 0.216% respectively on the intersections of DDH MVL-11-10 and MVL-11-09, remains the deposit star element. For more technical information and detailed drilling results, seewww.ressourcesgeomega.ca
MAJOR DISCOVERY Today, rare earth elements, especially neodymium, dysprosium, europium, terbium and yttrium, are the most sought-after minerals on the planet. They are essential for many green energy applications, such as electric vehicles, windmills and LED lighting. They are also present in many existing and emerging technologies such as cell phones, fibre optics, lasers and hard drives.
“This is a major discovery for Québec’s economy. GéoMégA is a Québec company that sees the value of exploiting and processing this resource here in Québec. The Montviel project is clearly a potential creator of wealth for an entire region and its future generations,” added GéoMégA’s president.
ALS Globalconducted all analyses in their Vancouver laboratory. The analyses were done on every sample using lithium metaborate fusion, followed by ICP analysis and completed by mass spectrometry. Specific XRF assays were conducted on niobium. Quality control and assurance were done by systematically using REE standards, blanks and duplicates. Kateri Marchand, M.Sc., P. Geo, is qualified under Canadian Standard 43-101. She revised the technical information in this press release.
Those who wish to say Pomme is next to an uneconomic deposit may wish to do further research on Quebec as a mining jurisdiction of global significance in the critical minerals sphere.
Regards
DD
The rapid improvement in the processing of critical minerals is ensuring what may have been previously uneconomic deposits are now not only going to be economic but imho highly profitable.
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