The Headway property is located adjacent to Hwy 125, 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, shear/deformation zones that are associated with the high grade gold system on the adjacent mine properties. Mega's exploration target is postulated to be hosted in Balmer Series aged rocks occurring below the unconformity with the Confederation age rocks at 1,500 to 2500 metres deep. This theoretical target is a new bonanza, replacement-type zone, similar to, but south of Goldcorp's High Grade zone.
The range of historic shallow diamond drill intercepts carried out under NI 43-101 compliant guidelines by King's Bay in 2005 include Nil to 63.52 grams / tonne (g/t) gold over 0.5 metres (m) and 3.08 g/t over 10.8 m. True widths are unknown. Highlights of historical exploration include; from Nil to 20.9 g/t gold over 0.94 m in drill core (H-13) and several surface grab samples ranged from Nil to exceeding 34 g/t gold. Gold is developed within quartz-carbonate +/- tourmaline +/- arsenopyrite veins associated with quartz-feldspar porphyry dykes that intrude altered and sheared mafic volcanics. These quartz-feldspar porphyry dykes appear to be intruded along deep-seated structures during the late stages of ore emplacement. This is evidenced by their structural relationships adjacent to and within the "ESC" and "High Grade" zones of Red Lake Gold Mines.
