2006 News Releases
Drilling Underway at Both Hamlin and Deaty Properties, Shebandowan Camp, Thunder Bay, Ontario
January 16, 2006
Drilling at Hamlin recommenced on the 14th of January
Deaty Winter drilling started on the 12th of January
A third Shebandowan drill has now been arranged for additional targets
Additional Copper-Molybdenum showings found during December drill site preparation
Toronto, Ontario, Canada, January 16, 2006 – Maple Minerals, a division of Mega Uranium Ltd. (“Mega”) (MGA-TSX-V) and East West Resource Corporation (TSX-V: EWR) wish to confirm that two drills are operating respectively on the Hamlin and Deaty properties, Shebandowan Camp west of Thunder Bay, Ontario.
The Hamlin program consists of up to 10 holes which will be drilled to test breccia hosted Copper-Silver-Gold-Molybdenum zones that have been outlined by ground IP and magnetic surveys. Two “VMS” volcanogenic massive sulphide targets will also be tested as part of this phase of drilling.
Diamond drilling on the Deaty property will test IP chargeability anomalies associated with Gold occurrences in breccia. This zone is 7 km north east of the first Copper-Gold breccia hosted zone in Hamlin. A minimum of 14 holes will be drilled in Deaty to test 12 different IP-magnetic anomalies, several of which have known Copper-Molybdenum (chalopyrite-molybdenite) occurrences associated with pinkish-red coloured alteration and magnetite discovered while preparing the drill sites. Completion of this phase of diamond drilling is expected to take 6 weeks with core being logged and split continuously.
This Deaty drill campaign is the group’s first opportunity to test a number of priority geophysical targets associated with newly exposed mineralization. These have been found by ground teams over the last 8 months and like Hamlin include recent showings uncovered as part of the December drill site preparation work.
A third drill has been arranged for the Shebandowan program, which is expected to arrive later in January.
Assays will be announced as they become available.
Maple Minerals, a division of Mega Uranium Ltd (TSX-V: MGA), and East West Resource Corporation each hold a 50% interest in both the Hamlin and Deaty properties.
The project set out above is being supervised by R. Middleton, P.Eng. who is the Qualified Person and the person responsible for quality control of the assaying and reporting. More details are available on SEDAR at www.sedar.com.
Mega Uranium Ltd. is a Toronto – based mineral resources company with a focus on uranium properties in Australia, Argentina, Mongolia and Canada. Further information on Mega can be found on the company’s website at www.megauranium.com
This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Mega’s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Mega Uranium disclaims any intent or obligation to update these forward-looking statements and cautions investors from placing undue reliance on forward-looking statements. Mega does have an ongoing obligation to disclose material information as it becomes available.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information, please contact:
Mega Uranium Ltd.
Sheldon Inwentash, CEO
Telephone: (416) 643-7630