2006 News Releases
New Gold Zone in Hamlin, Shebandowan Camp, Thunder Bay, Ontario
May 4, 2006
Gold Mineralization extended 200 m in felsic volcanic
9.02 g/t (0.28 oz./tonne) and 1.785 g/t gold in disseminated pyrite
Toronto, Ontario, Canada, May 4, 2006 – Mega Uranium Ltd. (“Mega”) (MGA-TSX-V) (through its Maple Minerals division) and East West Resource Corporation (TSX-V: EWR) are pleased to announce that a new gold setting on the Hamlin property has been found in the rhyolite volcanics 300 m north of the copper bearing breccias. Hole HAM06-42 returned 9.02 g/tonne gold over 1 m, with 1.785 g/tonne gold over 1 m in an adjacent sample giving 5.4 g/tonne over 2 m at 83.95 – 85.95 m in the hole.
The host is disseminated pyrite in the rhyolite and is not a vein style setting. Only anomalous silver values are associated with the gold. Another disseminated pyrite zone located 200 m to the west in hole HAM05-37 contained 0.5 g/tonne gold over 5.0 m with values ranging from 0.11 – 1.19 g/tonne gold. (See news release December 16, 2006.)
A number of other untested IP (induced polarization) geophysical anomalies occur on strike to the east that are now candidates for drilling, particularly one 800 m long anomaly that partly extends into the Deaty Creek property. A drill is expected to be available in 3 – 4 weeks to continue work.
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.
Gold assays were carried out by ALS Chemex using fire assay on a 30 g sample with an AA (Atomic absorbtion) finish. Samples were prepared by ALS Chemex in Thunder Bay.
Mega Uranium Ltd (TSX-V: MGA) and East West Resource Corporation each hold a 50% interest in the Hamlin Shebandowan property.
Mega Uranium Ltd. is a Toronto–based mineral resources company with a focus on uranium properties in Australia, Argentina, Mongolia, Bolivia 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