GGY glengarry resources limited

mega ur and bcn jvs

  1. 225 Posts.
    Hi..
    Does anyone have any information about the current MEGA and BCN drilling campaign? I just check the announcement BCN and Mega Uranium drilling campaign is continuing..Prospects are the JVs of GGY..However i am not exactly sure they are GGYs prospects..Otherwise there should have been announcements by GGY..or Just management is bad with informing shareholders..


    09/05/2007

    Beacon Minerals announced that it has commenced RC drilling at its Greenvale project in North Queensland. Drilling will focus on the Coc kie East and West copper/gold/molybdenum prospects, interpreted extensions to the Coc kie mineralisation identified from recent soil sampling, and at the Steam Engine gold project. The drilling program totals 2,500 metres and is expected to take approximately two weeks to complete.

    13/03/2007

    Beacon Minerals advised that recent regional and infil soil sampling at the companys Greenvale Project in North Queensland has defined and extended both the Coc kie and Corella anomalies, allowing new drill targets to be identified. At the Coc kie Trend, strike length has been extended to over 5.0km along the main trend, peak infil soil results including 1400ppm Cu, 67 ppb Au and 3400 ppb Ag. The Corella has been extended to over 3.5km, open to the south and southeast. Peak soil test results included 200ppm Zn, 300ppm Co, 0.12% Ni and 300ppm Cu.
    Beacon Minerals announced the remaining results from the RC drilling program completed last year at its Greenvale Project in North Queensland. Drilling intersected 66m @ 0.61% Cu, 0.1g/t Au, 1.4g/t Ag, 200ppm Mo and 21m @ 0.7% Cu, 0.14g/t Au, 2.2g/t Ag and 90ppm Mo. The company is actively sourcing a drilling rig to recommence at the Greenvale Project, and intends to drill a number of targets, including the Coc kie Prospect.

    16/01/2007

    Beacon Minerals advised that results from a regional soil sampling program at its Greenvale Project in North Queensland, confirms that the Coc kie mineralised trend has the potential to host a significant Cu-Au-Ag mineralised system, as well as being prospective for Balcooma-style base metal deposits. A total of over 3000 samples comprise the initial regional program, and exploration has recommenced after the Christmas break. The current program includes both regional and infill sampling designed to further define the Coc kie Trend and Corella soil anomalies prior to drilling.


    27/11/2006

    Beacon Minerals reported the initial results from drilling and regional rock chip sampling at the companys Greenvale Project in North Queensland. Due to unexpected drilling and sample analysis delays, results from the first three drill holes are now available. Further results from the remaining eleven holes are expected over the next few weeks. A total of 14 RC drill holes have been completed over 500m of strike at the Coc kie Prospect, targeting the shallow oxide potential. Best results include 3m @ 9.1g/t Au which is a new, previously unrecognized zone.

    23/10/2006

    Beacon Minerals advised that RC drilling at the Greenvale Project has commenced. A total of approximately 2,000m of RC drilling will test the strike continuity of the shallow oxide mineralisation at the Coc kie Copper-Gold Prospect. The company also intends to immediately commence regional exploration aimed at discovering further drill targets along the interpreted 14km long copper-gold mineralised trend, as well as focussing on the potential of the area to hosted base metal mineralisation similar to that found at Balcooma.


    Mega Outlines 2007 Uranium Program

    Total programme to exceed $40 million in 2007
    Mega to spend $27 million on its uranium projects in Australia, Canada, Argentina, Bolivia, Colombia and Mongolia.
    Joint Venture partner, Cash Minerals Ltd., set to spend an additional $15 million on exploration of jointly-owned properties in the Wernecke Mountains, Yukon.
    A total of approximately 65,000 metres of RC/diamond drilling is planned.
    Toronto, Ontario, Canada, April 10, 2007 – Mega Uranium Ltd. (TSX: MGA) (“Mega”) announces that it has set a total 2007 budget of $27.1 million for its worldwide uranium projects in Australia, Canada, Argentina, Bolivia, Colombia and Mongolia. In addition, its joint venture partner, Cash Minerals Ltd. (TSXV: CHX), has announced a $15 million exploration budget for properties held by Mega and Cash Minerals Ltd. in the Yukon. The proposed 2007 exploration programmes in Mega’s worldwide uranium properties will include approximately 65,000 metres of reverse circulation/diamond drilling.

    The largest component of Mega’s 2007 budget, comprising approximately 65% of the total, will be spent in Australia in various programmes, including:
    • Prefeasibility studies of Mega’s Ben Lomond and Lake Maitland resources.
    • A 10,000 metre drilling programme in the Georgetown Project, Queensland, to investigate targets highlighted by the recent airborne magnetics-radiometrics survey, in the vicinity of Mega’s Maureen resource and elsewhere in the project area.
    • Some 5,000 metres of drill testing on a north-south trending uraniferous shear zone in the Oasis Project, Queensland, in which drill intersections in 2006 included 10 metres @ 0.12% U3O8 and 7 metres @ 0.17% U3O8.
 
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