but we need to pay attention to the clues here. Mega’s planned 7000 m step out drill program will focus on expanding the stockwork style high grade gold mineralization of the existing Twin Lakes Deposit, expand the new Mid East and AZ satellite deposits and test the newly found regional exploration gold targets such as the Connector and Gold Pond zones. All of these mineralized zones occur within 7 kms of the existing Twin Lakes Gold Deposit.
In addition, Mega has commenced an update of its National Instrument (“NI”) 43-101 Resource Estimate for the Twin Lakes Deposit & area within the Monument Bay Gold Camp. During 2012 work completed included 40 new drill holes (> 12,500 m), over 30 Old Core Assay Program (“OCAP”) holes (> 11,568 m) and multiple kilometers of surface mapping and sampling which will be included in the updated resource estimate.
Mega’s President & Interim CEO, Glen Kuntz commented "These initial Tungsten results are very exciting as they demonstrate our ability to make new discoveries while continuing to expand the size and extent of the known mineralized zones and with the potential to greatly enhance the economics of our project. The very strong presence of tungsten in the form of scheelite throughout each of our gold bearing structures has demonstrated the polymetallic nature of our deposit will have a significant cost advantage after by-product credit compared to many of our mining peers. The addition of 0.25% tungsten equates to increasing the Au grade equivalent by 2.5 gpt.
This winter’s drill program is a combination of infill and step out drilling which is designed to refine the resource model and test regional targets that are outside the current resource boundary. The gold/tungsten knowledge and other mineralization controls that we have gained over the past 12 months is valuable and provides encouragement that the large high grade mineralized systems that we are exploring along the 120 kilometer long trends will contribute to demonstrate the large scale potential of the system and provide strong growth in resources at our Monument Bay Gold Camp.
Additional Gold and Tungsten results are pending from both our current drill program and our ongoing OCAP that will continue to add more resource ounces to this asset backed investment. We expect these programs to be complete by the end of April.”news soon??????????????