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Last C$0.07 CAD
Change Today -0.01 / -12.50%
Volume 104.0K
GMA On Other Exchanges
As of 3:58 PM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

geomega resources inc (GMA) Snapshot

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05/12/15 - C$0.29
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geomega resources inc (GMA) Details

GéoMégA Resources Inc. acquires, explores, and evaluates mining properties in Canada. The company focuses on rare earth elements, niobium, graphite, and gold deposits. It principally owns 100% interest in the Montviel rare earth elements/niobium project that consists of 187 claims covering 10,387 hectares and is located to the north of Lebel-sur-Quévillon, Québec. The company is based in Saint-Lambert, Canada.

geomega resources inc (GMA) Top Compensated Officers

Chief Technology Officer
Total Annual Compensation: C$125.0K
Vice President of Exploration
Total Annual Compensation: C$135.0K
Compensation as of Fiscal Year 2014.

geomega resources inc (GMA) Key Developments

Geomega Resources Inc. Announces First Set of Results from its 2015 Surface Exploration Campaign

Geomega Resources Inc. announced the first set of results from its 2015 surface exploration campaign of the gold portfolio. On the Anik property, nearly 240 grab and channel samples originating from 6 new trenches were collected. The trenches were targeting geochemical and geophysical anomalies. Furthermore, trench TR-14-16 has been extended and has now increased the Bobby showing at surface to over 35 m in length. During the 2014 winter exploration campaign, drilling at the Bobby showing returned an intersection of 0.41 g/t Au over 56.5 m including 1.0 g/t Au over 15.0 m. A new gold zone, the Kovi showing, was identified by the TR-15-27 trench. The 10 m wide zone is hosted within a sedimentary unit exhibiting sericite, ankerite and fuchsite alterations with quartz veins ranging from thin to over 10 cm in thickness. Mineralization, both in the sedimentary unit and in the veins, is present in the form of a trace and up to 10% pyrite, pyrrhotite and arsenopyrite. The most significant results from the Kovi zone include 31.8 g/t Au and 7.23 g/t Au. Additional follow-up work on the Anik property will be completed this fall. The work will include channel sampling across the Bobby and Kovi mineralized zones. Additionally, depending on the availability of financing, a drilling campaign may be planned to test the extensions of the mineralized showings laterally and at depth. Two other properties, McDonald and Rivière-à l'Aigle, were explored during the 2015 summer campaign. To date, only a portion of the assays have been received from the 950 samples submitted to the laboratory. These partial results identified several gold anomalies (<1.0 g/t Au) along the extensions of geochemical vectors that were being investigated. Further exploration work on these properties will continue in 2016.

Geomega Resources Inc. Announces Changes to the Management Team

Geomega Resources Inc. announced that Mr. Kiril Mugerman has been appointed President and Chief Executive Officer of GéoMégA and succeeds Mr. L. Derek Lindsay previously appointed on an interim basis. The appointment of Mr. Mugerman is effective immediately. Mr. Lindsay will continue his duties as Chief Financial Officer of GéoMégA. Mr. Mugerman joined GéoMégA in September 2014 and was promoted as Director of Corporate Development in January 2015. He brings both technical and financial experience to GéoMégA. Prior to joining Industrial Alliance Securities Inc. as a mining specialist, Mr. Mugerman worked on advanced stage exploration projects internationally with Gold Fields Ltd. in West Africa, central Asia and Latin America. At IAS, he served as a mining analyst in the industrial minerals sector focusing in the rare earth elements, graphite and potash sectors.

Geomega Resources Inc. Auditor Raises 'Going Concern' Doubt

Geomega Resources Inc. filed its Annual on Sep 01, 2015 for the period ending May 31, 2015. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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