Merc Intersects 12.97 Grams Gold Per Tonne Over 3.0 Metres-Significantly Expands New Gold Zone and Extends Mineralization North-
27 Oktober 2009 - 1:45PM
Marketwired
Merc International Minerals Inc. ("Merc") (TSX VENTURE: MRK) is
pleased to report results on seven new drillholes from its ongoing
gold resource expansion program at the Damoti Lake Gold Project,
Northwest Territories. All holes have returned multiple gold
intersections, significantly expanding the continuity of
mineralization throughout the north-eastern portion of the
Horseshoe Zone. In addition, a new intersection at depth in hole
D09-387 (4.31 grams gold per tonne over 6.90 metres, including
30.01 grams gold per tonne over 0.80 metres) has opened up the
western limb of the fold 100 meters to the north of the new
discovery reported for hole D09-382 (see September 16, 2009 news
release). Other drill highlights include: 12.97 grams gold per
tonne over 3.0 metres, including 25.40 grams gold per tonne over
1.50 metres; 30.01 grams gold per tonne over 0.80 metres; 17.68
grams gold per tonne over 1.80 metres, including 23.70 grams gold
per tonne over 1.10 metres.
President and CEO Dr. Michael Byron said, "The confirmation of
mineralized iron formation within the keel of the syncline, and
extending upward into the west limb of the fold, adds considerably
to the potential for ongoing resource expansion, both latterly and
vertically in this area. The fact that all seven holes returned
multiple gold intersections is further evidence of the robust
nature of the mineralization. We are very excited and look forward
to continuing exploration work on this new zone," he added.
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Core
Drill Hole From (m) To (m) Length(i)(m) Au (gpt)
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D09-386 187.00 193.95 6.95 3.39
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including 187.00 190.50 3.50 4.15
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including 188.00 189.00 1.00 5.38
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including 192.85 193.95 1.10 7.54
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D09-386B 48.00 63.00 15.00 2.01
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including 57.00 61.50 4.50 4.85
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including 60.00 61.50 1.50 10.55
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75.00 78.00 3.00 3.26
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85.50 94.50 9.00 3.07
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including 90.00 94.50 4.50 4.44
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including 92.50 93.50 1.00 9.08
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159.00 167.00 8.00 3.75
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including 162.00 166.00 4.00 5.53
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including 165.00 166.00 1.00 14.70
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186.50 187.50 1.00 12.00
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211.00 213.00 2.00 9.62
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including 212.00 213.00 1.00 17.28
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238.50 241.50 3.00 12.97
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including 238.50 240.00 1.50 25.40
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D09-387 22.60 26.00 3.40 4.53
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including 23.20 24.00 0.80 12.55
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199.50 206.40 6.90 4.31
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including 205.00 205.80 0.80 30.10
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D09-388 62.70 64.05 1.35 3.45
-----------------------------------------------------------
100.50 106.55 6.05 2.78
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including 103.20 104.55 1.35 6.22
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113.40 114.25 0.85 6.65
-----------------------------------------------------------
127.50 130.50 3.00 6.80
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including 129.00 130.50 1.50 9.65
-----------------------------------------------------------
141.00 142.50 1.50 3.19
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172.00 174.00 2.00 5.80
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192.20 195.00 2.80 2.77
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including 194.15 195.00 0.85 6.77
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263.00 264.00 1.00 5.08
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D09-389 33.00 39.00 6.00 4.53
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including 33.00 34.50 1.50 12.20
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including 37.50 39.00 1.50 4.86
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D09-389B 28.50 34.50 6.00 3.95
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including 30.00 31.50 1.50 10.40
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35.75 40.00 4.25 7.81
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including 38.20 40.00 1.80 17.68
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including 38.20 39.30 1.10 23.70
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44.00 49.00 5.00 3.63
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including 48.00 49.00 1.00 6.73
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68.60 70.80 2.20 5.74
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including 68.60 69.20 0.60 9.45
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including 70.00 70.80 0.80 8.66
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110.50 111.25 0.75 9.26
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203.20 204.80 1.60 4.85
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227.50 228.65 1.15 3.10
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D09-389C 27.40 27.95 0.55 5.99
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35.00 37.25 2.25 6.02
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including 35.85 36.40 0.55 11.55
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(i)Lengths are reported as core lengths. True widths are not
known at this time.
Drillholes D09-386B, 387, 388 and 389B successfully intersected
mineralization within the fold nose, down plunge from previously
reported intersections (September 16, 2009 press release), and
traced mineralized zones vertically into the west limb gold zone,
located at depth within the west limb of the Horseshoe syncline.
This latest drilling has extended the potential strike length of
the new gold zone north 100 metres, while remaining open down
plunge to the north, and vertically within the west arm of the
fold.
Holes D09-388, 389, 389B and 389C, the most northerly holes
drilled in this campaign, have extended previously identified
near-surface mineralized zones an additional 50 metres to the
north. In this area, D09-389 returned 4.53grams gold per tonne over
6.0 metres (including 12.2 grams gold per tonne over 1.5 metres),
while D09-389B returned 7.81 grams gold per tonne over 4.25 metres
(including 17.68 grams gold over 1.8 metres and 23.70 grams gold
per tonne over 1.10 metre). Further exploration is warranted as the
shallow zone remains open to the north.
The remaining holes drilled in the 2009 summer program were
directed towards expanding mineralization within the Red Mountain
syncline located 150 metres west of the Horseshoe Zone, and to
explore for new gold zones within the fold. Results for these holes
will be reported once they have all been received by the
Company.
Expansion and winterizing of the Damoti field camp is complete
in preparation for a winter drill program. In late 2009, Merc will
carry out detailed ground magnetic and electromagnetic surveys
designed to identify new drill targets throughout the 14 kilometres
of iron formation within the Damoti property. The winter drill
program, planned for early 2010, will follow up on results from the
summer program and be broadened to confirm and increase the
high-grade gold BIF Island Zone located 4 kilometres northeast of
the Horseshoe Zone, and to expand the overall resource. This area
hosts mineralization similar to that of the Horseshoe Zone yet has
not seen any exploration activity since 1996. Historical 1993
results include near surface intersections of 11.10 meters assaying
11.74 grams gold per tonne and 2.7 metres of 42.26 grams gold per
tonne. 1994 drilling includes shallow intersections of 37.12 grams
gold per tonne over 23.88 metres, including 81.21 grams gold per
tonne over 8.82 metres; and 2.60 metres of 220 grams gold per
tonne.
"Exploration opportunities within the BIF Island Zone are
exceptional and we have already identified a number of
high-priority targets in this 4 kilometre zone that have not been
tested", states Dr. Byron. "In addition, our planned geophysical
surveys will be instrumental in identifying additional primary
targets that will be drilled in this winter's program".
In a recent news release (September 14, 2009) it was reported
that Merc had retained SRK Consulting to initiate a mineral
resource evaluation and preparation of a National Instrument (NI)
43-101 compliant technical report. SRK has recently completed their
site visit of the project area and reviewed the Company's sampling
procedures and protocols.
Quality Control
Merc International Minerals, Inc. has implemented a
quality-control program to ensure best practice in the sampling and
analysis of the drill core. NQ-size drill core is saw cut and half
the drill core is sampled in standard intervals not exceeding 1.5
metres in length while core from the main mineralized horizons or
core displaying visible gold or significant sulfides are sampled in
greater detail generally not exceeding 1 metre in length. The
remaining half core is stored in a secure location.
Core samples are transported in security-sealed bags for
analyses at ALS Chemex Assay Laboratory in Vancouver, BC. ALS
Chemex is an ISO 9001:2000 certified laboratory. Gold assaying is
done by a fire assay - atomic absorption spectrometry method on a
30-gram charge of a 1000 gram pulp. Samples returning values
exceeding 3 gpt Au are re-checked by fire assay with a gravimetric
finish. Pulp and metallics assaying for gold is conducted on the
entire pulverized sample for all samples within the main
mineralized horizons and those samples with visible gold or
significant sulfides.
As part of its QA/QC program, Merc International Minerals
inserts external gold standards (low to high grade) and blanks
every 20 samples. This is in addition to the standards, blanks and
pulp duplicates inserted by ALS Chemex. In addition, samples of
pulps have been collected from ten percent of all samples analyzed
and will be submitted to a second independent laboratory for
comparison purposes.
The Damoti Lake Gold Project is being supervised by William
Waychison, M.Sc.A., P.Geo., the Qualified Person (QP) for this
project.
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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Merc International Minerals Inc. Dr. Michael Byron
705-560-2382 705-560-0765 (FAX) info@mercinternational.ca Renmark
Financial Communications Inc. Barbara Komorowski (514) 939-3989 or
(416) 644-2020 bkomorowski@renmarkfinancial.com Renmark Financial
Communications Inc. Barry Mire (514) 939-3989 or (416) 644-2020
bmire@renmarkfinancial.com www.renmarkfinancial.com
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