MRK Merc International Minerals Inc.

Merc International Minerals Inc. ("Merc") (TSX VENTURE:MRK) announced today the
start of its first drill program at the Damoti Lake Gold Project, located 200 km
north of Yellowknife, Northwest Territories.


Merc's ongoing 2009 exploration program which is designed to expand upon the
historic resource at Damoti Lake, consists of compiling all historical data,
auditing historical resource estimates, constructing an updated three
dimensional deposit model, defining and testing new drill targets, and
initiating a NI 43-101 resource estimate. The current 6,000 metre, 20 to 30
drill hole program is planned to infill priority target areas within the current
resource and to extend the mineralized zones along strike and to depth within
the Horseshoe and Pyrite Zones. Drilling will also focus along the mineralized
structures approximately 150 metres west of the Horseshoe Zone within the Red
Mountain, Pink Antler and Lookout Zones.


In November 2008, Merc closed a $2.0 million flow-through financing to support
the 2009 Damoti Lake drill program, which is expected to be finished by October
2009. In late 2009 an updated NI 43-101 compliant resource will be completed
using all drilling to date within the Horseshoe Zone (135 drill holes) as well
as the drilling completed in Merc's 2009 program (20 to 30 holes). The resource
will make use of approximately 63 holes not included in the 1997 and 2004
resource estimates.


"The drilling crew from Bradley Bros. Limited arrived on site last week and we
expect the first results later in August 2009 and monthly results thereafter
until November 2009", reported Dr. Michael Byron, Merc's President and CEO. "We
look forward to completing a NI 43-101 compliant resource at this high-grade,
near surface gold project. Preliminary deposit modeling illustrates the broad
extent of the gold mineralization within the host iron formation, and confirms
the potential for resource expansion."


This news release may contain forward-looking statements based on assumptions
and judgments of management regarding future events or results. Such statements
are subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements. The Company disclaims any intention or obligation to
revise or update such statements.

Merc International Minerals Inc. (TSXV:MRK)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Merc International Minerals Inc. (TSXV:MRK)
Historical Stock Chart
Von Jul 2023 bis Jul 2024