Mega Uranium Provides Update on Canadian Exploration
Tuesday, Dec 30, 2008

Mega Uranium Ltd. (""Mega"") is pleased to provide an update on its exploration programs in Canada.

On the Aillik East property prospecting, channel sampling, geological mapping and detailed ground radiometric surveys were conducted to follow-up radiometric anomalies identified in airborne surveys flown in 2007 and 2008. Prospecting crews ground checked 331 airborne and ground radiometric anomalies, which led to the discovery of six new showings and many minor occurrences. A total of 95 grab samples were collected, of which 15 returned values greater than 0.1% U308. The most significant results came from a new discovery called the NB showing.

The NB showing is zone of anomalous radioactivity parallel to a topographic lineament. The true width and strike extension of the lineament are obscured by cover but a target zone with discontinuous radioactivity and characteristic alteration is exposed over a zone 80 by 25 metres. Uranium mineralization is hosted within brittle fractures within Aillik Group felsic volcanic rocks and is associated with magnetite and hematite alteration. Best results from the NB showing include grab samples containing 1.75%, 0.390%, 0.322% and 0.218% U3O8.

Geological mapping and ground radiometric surveys were conducted on existing and new showings. Based on this work, four showing were selected for future drill testing. These are the Powe, NB, Harbinger and Priority One showings.

 

Source: Marketwire

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