Mega and Cash Minerals Announce Drill Results
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Topic: Uranium Mining Stocks — October 25th, 2007
Mega Uranium Limited and Cash Minerals Limited announced yesterday that their additional drill results from the Igor property as intersecting 0.99% U3O8 and 2.7% Copper Over 4.5 Metres.
The company news release went on to say that:
“An iron-oxide copper-gold-uranium (IOCG-U) property located in the Wernecke Uranium District, Yukon. New results include 0.99% U3O8, 2.70% copper, 0.07 g/t gold and 5.7 g/t silver over 4.5 metres at Igor.
Additional drill assays from the 2007 program are expected to be released by the end of the year and once obtained, will be reviewed in order to assist in identifying new targets for the 2008 exploration program”
Should you want to see the tables and read this news release in full then please click on this LINK.
Mega Uranium Limited trades on the TSX under the symbol MGA and joint-venture partner Cash Minerals Limited trades on the TSX Venture Exchange under the symbol V: CHX
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Mega Uranium Limited: Drill Results
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I really love Mega Uranium as a long term gainer. They will probably get taken out by a major oil company at some point but they are really taking a solid long term approach. Acquiring good assets, diversifying internationally, partnering with smaller juniors, and of course if they allow their Australian assets to go to production, look out!
Comment by Rich — October 26, 2007 @ 1:19 pm