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To: Goose94 who wrote (4327)	2/13/2014 10:12:39 AM
From: Andrew~	Read Replies (2) of 203541

MGP-V Mega Precious Metals Announces an Updated Resource Estimate at Its North Madsen Project in Red Lake, Ontario "The new resource at USD $1,200 per ounce gold demonstrates significant improvements in the metallurgical recoveries, confidence and grade distribution from the previous resource estimate which used a gold price of USD $1,400 (see news release dated September 21, 2011). Mega's North Madsen gold deposits are adjacent to the Madsen and Buffalo Gold mines, which are the subject of a recently announced proposed acquisition by Laurentian Goldfields Ltd. from Claude Resources Inc. North Madsen is estimated to contain a Measured (M) and Indicated (I) Resource of 0.9 M ounces of gold averaging1.2 g/t Au and additional Inferred Resources of 0.38 M ounces of gold averaging 1.2 g/t Au. The resource utilizes a 3D block model and is constrained by geological domains. Highlights: Surface/near surface (<250m from surface) Measured and Indicated Resources of 0.9 M Ounces of Gold at 1.2 g/t Au Surface/near surface Inferred Resources of 0.38 M Ounces of Gold All resources are open along strike and at depth 91-95% Metallurgical Recoveries Over 40,000 meters in 327 drill holes were incorporated into the geological model and includes over 25 new holes totaling 8,200 m of drilling since the previous resource update Improved confidence in the deposit with 70% of the resource in the Measured and Indicated categories Robust resource using a gold price of USD $1200 USD per ounce ($200 less than previous resource) Approximately 7 kms trucking distance from Madsen Mine Mill being acquired by Laurentian Goldfields Ltd. and Goldcorp Inc.'s Red Lake Mill " http://stockboard.com/news/view.php/mega-precious-metals-announces-an-updated-resource-estimate-at-its-north-madsen-project-in-red-lake-ontario

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