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 Canada
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
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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
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127.50 130.50 3.00 6.80
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including 129.00 130.50 1.50 9.65
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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.
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