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Geomega Resources (GOMRF)

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Last Post: 5/31/2019 8:00:29 AM - Followers: 2 - Board type: Free - Posts Today: 0

GEOMEGA INTERSECTS 1.38 % TREO OVER 512.7 METERS AT MONTVIEL, 300 METERS WEST OF HOLE MVL-10-01, INCLUDING 2.28% TREO OVER 51.8 METERS MONTREAL, Feb. 14 /CNW Telbec/ - GEOMEGA RESOURCES INC. ("GéoMégA") is pleased to report the results of hole MVL-10-03 which intersected 1.38% total rare earth oxides (TREO) over the entire 512.7 meter core length from 21.30 meter to 534 meters, including 2.28% TREO over 51.8 meters from 132 meters to 183.8 meters. MVL-10-03 (azimuth 330 degree, dip -55 degree) was collared on strike, 300 meters west of MVL-10-01 which intersected 1.24% TREO over 480 meters. Both drill holes, which started and ended in mineralization, are within a magnetic low in the core of the carbonatite complex. Neodymium oxide continues to be an important component of the TREO with an average grade of 0.24% (2.4 kg per tonne) over the 512.7 meter core length of MVL-10-03 and 0.34% over 51.8 meters from 132 to 183.8 meters. Praseodymium oxide averages 0.074% over 512.7 meters and 0.11% over the 51.8 meters high grade section. The distribution of rare earth elements with significant values starting with the most abundant is as follows: Cerium, Lanthanum, Neodymium, Praseodymium, Samarium, Gadolinium, Europium and Dysprosium. As well, niobium values are more consistent and widespread in MVL-10-03 with 0.105% Nb2O5 over 364.5 meters from 148.5 meters 513 meters. An apatite rich zone was also intersected at the start of the hole returning 5.41% P2O5 over the first 58.40 meters of core from 21.3 meters to 79.7 meters. "The results of MVL-10-03 confirm the potential to define a large, near surface REE deposit, with possible significant niobium and phosphate by-products. We will continue to define the extent of the mineralised zone with step out drilling along strike to the west and east, and on section to the north and south. " comments Simon Britt. The Montviel property, located 200 km north of Val-d'Or in the Abitibi region of Quebec, is underlain by the Montviel carbonatite complex which extends over an area of 32 km2 making it one of North America's largest carbonatite. GéoMégA has a staged option agreement with NioGold Mining Corp. (TSX-V: NOX) whereby it can earn up to 100% interest in the property. See details of the agreement in the November 11, 2010 press release. Assaying and Quality control All analysis is carried out by ALS Global at their Vancouver laboratory. The analysis conducted on all samples include lithium metaborate fusion, followed by ICP analysis with mass spectrometry finish. Quality assurance and control is done through the systematic insertion of REE standards, blanks, and duplicates. Kateri Marchand, M.Sc., P.Geo, is a qualified person as defined under NI 43-101 guidelines and has reviewed the technical information contained in this press release. About GéoMégA GéoMégA is a Quebec based mineral exploration company focused on the discovery and development of economic REE deposits. GéoMégA's exploration properties are located in the Abitibi and Upper Laurentian regions of Quebec. Currently, GéoMégA has 15,583,253 common shares outstanding and $2.7M in cash. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture exchange) accepts responsibility for the adequacy or accuracy of this release. For further information: Simon Britt, CA President and CEO GéoMégA T: 450-465-0099 E: info@ressourcesgeomega.ca http://www.newswire.ca/en/releases/archive/February2011/14/c2388.html GEOMEGA RESOURCES INC. CLOSED THE SECOND TRANCHE OF $201,250 OF ITS INITIAL PUBLIC OFFERING FOR A TOTAL OF $2,905,000 MONTREAL, Oct 8 /CNW Telbec/ - Geomega Resources inc. ("GeoMegA") is pleased to announce that it has closed yesterday the second tranche of its initial public offering ("IPO") by prospectus for gross proceeds of $201,250. Industrial Alliance Securities inc. ("IAS") was acting as agent in connection with the IPO, for which the prospectus was filed and receipted pursuant to the provisions of the Alberta, Ontario and Quebec Securities Acts. The common shares of GeoMegA commenced trading on TSX Venture Exchange under the symbol GMA on September 30, 2010. At the closing of this first tranche of the IPO, GeoMegA issued 7,725,000 units at a price of $0.35, while 575,000 units were issued at the second tranche for a total of 8,300,000 units. Each unit consists of one common share and one-half warrant ("Warrant"). Each full Warrant entitles the holder to purchase, during a period of 18 months from the date of the closing, one common share at an exercise price of $0.55 per share. In consideration for its services, IAS received a cash commission of $17,106 and 28,750 options for the second tranche of the IPO for a total of $186,828 in cash commission and 415,000 options. Each option will entitle IAS to purchase one common share at an exercise price of $0.35 per share, during a period of 18 months from the date of the closing. "We are very pleased with the closing yesterday of the second tranche allowing us to reach the maximum of the subscription at $2,905,000 », commented Mr. Benoit Moreau, President and Chief Executive Officer. Net proceeds from the IPO will be used for exploration of the Montviel, Pump Lake and Sydney properties. The Montviel property, located 100 km of Lebel-sur-Quévillon in the Abitibi area of Quebec, encompasses the Montviel carbonatite complex which extends over an area of 32 km2. The exploration program will focus on the 3.1 km2 core of the carbonatite complex. Upon closing of the second tranche of the IPO, GeoMegA has also granted 42,000 additional options to Directors, Officers and consultants for a total of 1,400,000 options. Each option will entitle the holder to purchase one common share at an exercise price of $0.35 per share, during a period of five years from the date of grant. About Geomega Resources inc. GeoMegA is a Quebec based mineral exploration company focused in the exploration of carbonatites and other alkaline complexes for rare earth elements. GeoMegA's current properties portfolio, located in the Abitibi and Upper Laurentians regions of Quebec, include: * Option to earn up to 75% interest in the Montviel and Pump Lake carbonatites; * 100% interest in the Sydney property approximately 125 km north of the town of St-Michel-des-Saints; * 100% interest in the Oriana property, 20 km west of the town of Chapais in the Abitibi area. The property is associated to the Dolodau carbonatite; * 100% interest in the Émilie property, approximately 30 km east of the town of Lebel-sur-Quévillon in the Abitibi region. The property is associated to the Grevet carbonatite. Currently, GeoMegA has 14,155,001 common shares outstanding. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture exchange) accepts responsibility for the adequacy or accuracy of this release. http://www.newswire.ca/en/releases/archive/October2010/08/c9343.html
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#80   $GOMRF: Rising on RareEarths China War makinezmoney 05/31/19 08:00:29 AM
#79   Hey!!! Good morning, sir. Cattle? Not a good time. wz9ytp 03/24/15 08:31:19 AM
#78   How come you aren't playing this one? Belek 03/24/15 07:58:01 AM
#77   Time to look at some alternative investments................. Belek 03/23/15 09:13:34 PM
#76   Euro will make parity and then some with Belek 03/22/15 08:42:01 PM
#75   http://news.yahoo.com/fear-behind-current-stock-market-highs-nobel-laureate-1719 wz9ytp 03/22/15 08:26:02 PM
#74   ah yes, UWTI a good one, I Belek 03/22/15 07:47:49 PM
#73   good evening!!! Only thing worth buying as far as wz9ytp 03/22/15 07:24:27 PM
#72   wow, just read analysis on market from one Belek 03/22/15 05:53:38 PM
#71   Inside Investor with Dan Dicker Belek 03/22/15 01:47:54 PM
#70   yep, be patient, and I'll come up with Belek 03/22/15 08:48:27 AM
#69   Find me a ticker that does that and wz9ytp 03/21/15 06:07:23 PM
#68   Yessir, getting ready now to head out on Belek 03/21/15 12:17:54 PM
#67   Good!!! Nice to hear from you. Busy enjoying wz9ytp 03/21/15 12:05:48 PM
#66   Yep. trying to stay focused on some new Belek 03/21/15 11:58:24 AM
#65   Been awefully quiet there, sir. All good? wz9ytp 03/21/15 09:45:17 AM
#64   As a Canadian often going to the States wz9ytp 03/14/15 02:10:54 PM
#63   Wz9, Im posting this one here since im Belek 03/14/15 12:49:39 PM
#62   Hey!!! Good morning Dude sir! Lovely to hear wz9ytp 09/06/14 08:40:00 AM
#61   yeah unemployment numbers lie,,,,,,,,, Belek 09/05/14 09:06:53 PM
#60   Fresh news: http://www.marketwatch.com/story/geomega-resources-inc-250-meters-go wz9ytp 09/04/14 08:58:55 PM
#59   Nice!!! Did you see this: http://www.stockhouse.com/opinion/ticker-trax/insights wz9ytp 09/04/14 06:26:12 AM
#58   Found this Q&A- futrcash 09/04/14 01:10:34 AM
#57   Good morning. Closed down 1/2% in Frankfort. .3550 wz9ytp 09/02/14 10:01:20 AM
#56   bid is .36 now,,,,ask .37 Belek 09/02/14 09:26:08 AM
#55   Good for you! GMA'll probably bounce big tomorrow wz9ytp 09/01/14 04:06:12 PM
#54   yeah she's ok, thanks,,,,yeah I remember that debacle, Belek 09/01/14 03:48:40 PM
#53   Really sorry for your daughter, I hope she wz9ytp 09/01/14 03:33:08 PM
#52   Some of the other Canadian stocks I own are Belek 09/01/14 02:46:32 PM
#51   As far as safe is concerned, it is Belek 09/01/14 12:32:22 PM
#50   Nuts. Just plain nuts. I'm just a couple wz9ytp 09/01/14 12:01:06 PM
#49   two individuals work at the casino here in Belek 09/01/14 11:53:26 AM
#48   Btw...I got an email from Geomega with more wz9ytp 09/01/14 11:13:57 AM
#47   Good morning Jeff. Can't private message...I will not wz9ytp 09/01/14 11:10:45 AM
#46   Are Canadian markets closed also today? Belek 09/01/14 10:51:03 AM
#45   Yup...will do. And best of luck with all wz9ytp 08/31/14 11:41:24 AM
#44   ok, keep in touch, gonna sign off for Belek 08/31/14 11:39:23 AM
#43   I'm from Montreal, was in Jersey all last wz9ytp 08/31/14 11:17:40 AM
#42   I was just going through Belek 08/31/14 11:11:57 AM
#41   Where are you from? wz9ytp 08/31/14 10:51:28 AM
#40   Im wondering if Geomega can make it back Belek 08/31/14 10:49:25 AM
#39   Canadian boards are interested, Ihub doesn't care. With wz9ytp 08/31/14 10:40:42 AM
#38   dude!! I have been digging, just not sure Belek 08/31/14 10:21:52 AM
#37   News from Wall Street Journal: http://online.wsj.com/article/PR-CO-20140829-9220 wz9ytp 08/31/14 09:56:38 AM
#36   Here..let me help you out: http://www.stockhouse.com/news/press-releases/2014/08 wz9ytp 08/31/14 09:33:17 AM
#35   Dude!!! So much better news out. Keep digging!!!! wz9ytp 08/31/14 09:22:53 AM
#34   Geomega Resources (V.GMA) up 42% on CIBC block trade Belek 08/31/14 09:20:55 AM
#33   what's up futrcash? Belek 08/31/14 08:58:05 AM
#32   News is out!!!! http://www.marketwired.com/press-release/geomega-resources-inc- wz9ytp 05/14/14 06:22:18 AM
#31   82 billion$ potential: http://www.stockhouse.com/opinion/ticker-trax/insights/20 wz9ytp 05/13/14 11:42:34 PM