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Article: Mega Precious Metals Acquires 100% Option on the Headway Property, Red Lake, Ontario.
- Article from:
- Mining & Minerals Business
- Article date:
- October 23, 2009
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Mega Precious Metals Inc. (MGP:TSX-V) ("Mega") is pleased to announce that it has signed a definitive agreement to acquire a 100% interest in the "Headway" property in the Red Lake, Ontario from King's Bay Gold Corporation ("King's Bay").
The Headway property is located adjacent to Hwy 105, between the towns of Red Lake and Balmertown, Ontario, 2 km southwest of Goldcorp's Red Lake Mines High Grade Zone. The property consists of six (6) patented claims and one (1) unpatented claim totaling approximately 320 acres. The property appears to have all of the essential geological elements including a well-developed intersection pattern of stratigraphic, ...