Drilling was on a tenement adjoining the lease containing the Cameco-Mitsubishi joint venture’s 79 million pounds U3O8 Kintyre resource, which is currently in pre-feasibility.
The drilling program has tested two of these targets, Area 1 and Gleneagles. Drilling of the third target, Southern Cross, was deferred to 2011 after problems were encountered in accessing the site.
Within Area 1, the prospective Cassandra Member stratigraphy has been intersected in three drill holes, covering a 700m cross section, with the Cassandra Member open to the south.
The company said that the Cassandra Member is considered fundamental to the discovery of further high grade uranium resources, as all the known Kintyre deposits are hosted within this Member.
Mega’s Area 1 intercepts are less than 3km south of Cameco-Mitsubishi’s uranium deposit beneath a regionally extensive plain of thick sediment cover.
Drill holes intersected up to 98m of the Cassandra stratigraphy beneath 32m to 77m of Permian glacial tillite sediments. These intercepts are highly encouraging as the Cassandra Member rarely outcrops at surface.
In the Kintyre resource, high grade uranium mineralization occurs at the intersection of shear zones, metamorphic (S3) foliation and the brecciated and sheared contacts between brittle chert and calc silicate altered carbonate and psammite rich meta-sediments and the more ductile schists.
Mega has identified two other priority drill targets within its Kintyre Rocks Project area – Southern Cross (planned for drilling in the recently completed program but delayed because of difficult access) and Wyoming Valley (a strong electromagnetic target under thick cover).
