Merc International Minerals Inc. ("Merc") (TSX VENTURE:MRK) today released
encouraging results for the remaining nine drillholes from its phase one drill
program at the Damoti Lake Gold Project. Drilling targeted the Red Mountain
Syncline (located 150 metres west of the Horseshoe Syncline where Merc had
previously reported high-grade drill results) and discovered a new gold zone
within the lower west limb and keel of the Red Mountain Syncline. Hole D09-390B
returned 7.86 grams gold per tonne (gpt) over 2.65 metres (m), including 12.20
gpt over 0.60 m. Hole D09-392C intersected the same zone 90 m north and returned
5.19 gpt over 4.80 m, including 18.65 gpt over 0.80 m, and 7.39 gpt over 3.60 m,
including 9.35 gpt over 1.60 m.


Other drill highlights include: 7.67 gpt over 2.0 m, including 18.80 gpt over
0.50 m; 8.69 gpt over 2.35 m, including 16.90 gpt over 1.05 m; 8.07 gpt over
2.65 m, including 22.55 gpt over 0.65 m; 7.16 gpt over 3.0 m, including 15.95
gpt over 0.80 m. 


President and CEO Dr. Michael Byron commented, "We are extremely pleased with
the success we have achieved from our first drill program at Red Mountain. The
number of multiple high-grade gold intersections, the discovery of a new zone at
depth, and the continuity of mineralized zones, point to the untapped potential
of this underexplored fold. We now consider similar mineralized folds elsewhere
on the property, such as the Runway, Lard, and BIF Island Synclines as having
even greater potential for hosting new discoveries and ultimately adding
resource ounces."


Eight of nine holes intersected gold mineralization and seven returned multiple
gold zone intersections, significantly expanding the continuity of shallow
mineralization up to 160 m along strike to a maximum dip length of 40 m, while
remaining open both at depth and along strike.


Dr. Byron added: "Of the 27 exploration holes drilled in our initial campaign,
26 intersected gold values greater than 1.5 gpt, for a 96% hit rate. Of the 26
holes, 20 holes, or 77%, intersected multiple mineralized zones. These
impressive hit rates are indicative of the pervasive style of gold
mineralization hosted within the Damoti iron formation, and confirm this
property's exciting potential. We anxiously await our upcoming winter drill
program as we intend to aggressively pursue the exceptional and underexplored
gold opportunities present."


Results from the 9 drill holes include the following:



----------------------------------------------------------
Drill Hole  From (m)  To (m)  Core Length(i) (m)  Au (gpt)
----------------------------------------------------------
D09-390        4.00    6.00                2.00      7.67 
----------------------------------------------------------
 including     5.00    5.50                0.50     18.80 
----------------------------------------------------------
              34.20   36.70                2.50      2.23 
----------------------------------------------------------
              90.00   91.00                1.00      8.67 
----------------------------------------------------------
 including    90.00   90.50                0.50     15.25 
----------------------------------------------------------
             117.65  120.00                2.35      8.69 
----------------------------------------------------------
 including   117.65  118.70                1.05     16.90 
----------------------------------------------------------
             141.10   142.0                0.90      5.49 
----------------------------------------------------------
             143.40  146.50                3.10      4.64 
----------------------------------------------------------
             202.70  203.70                1.00      3.39 
----------------------------------------------------------
D09-390B     105.95  108.60                2.65      8.07 
----------------------------------------------------------
 including   107.25  107.90                0.65     22.55 
----------------------------------------------------------
             144.40  146.00                1.60      5.40 
----------------------------------------------------------
 including   144.40  145.20                0.80      8.87 
----------------------------------------------------------
             221.00  223.65                2.65      7.86 
----------------------------------------------------------
 including   221.00  221.60                0.60     12.20 
----------------------------------------------------------
 including   222.60  223.65                1.05      8.56 
----------------------------------------------------------
D09-390C       8.00    9.00                1.00      4.54 
----------------------------------------------------------
              26.20   28.70                2.50      4.20 
----------------------------------------------------------
             124.20  125.00                0.80      5.79 
----------------------------------------------------------
D09-391       15.70   20.50                4.80      3.60 
----------------------------------------------------------
 including    18.00   18.75                0.75      9.69 
----------------------------------------------------------
              68.60   70.60                2.00      5.01 
----------------------------------------------------------
D09-391B      20.00   21.50                1.50      4.22 
----------------------------------------------------------
              77.00   81.00                4.00      2.36 
----------------------------------------------------------
 including    79.30   80.00                0.70      6.22 
----------------------------------------------------------
              93.65   96.20                2.55      1.76 
----------------------------------------------------------
D09-392       63.00   64.30                1.30      5.82 
----------------------------------------------------------
              70.00   71.00                1.00      3.43 
----------------------------------------------------------
              96.80   99.80                3.00      7.16 
----------------------------------------------------------
 including    97.50   98.30                0.80     15.95 
----------------------------------------------------------
 including    99.00   99.80                0.80      7.26 
----------------------------------------------------------
             160.00  165.00                5.00      3.16 
----------------------------------------------------------
 including   161.50  162.00                0.50     11.65 
----------------------------------------------------------
             178.50  179.20                0.70      4.61 
----------------------------------------------------------
D09-392C      74.30   76.00                1.70      5.45 
----------------------------------------------------------
             167.25  169.50                2.25      2.66 
----------------------------------------------------------
             180.50  185.30                4.80      5.19 
----------------------------------------------------------
 including   181.00  181.80                0.80     18.65 
----------------------------------------------------------
             194.00  198.35                4.35      6.36 
----------------------------------------------------------
 including   194.00  195.00                1.00      7.48 
----------------------------------------------------------
 including   196.00  197.60                1.60      9.35 
----------------------------------------------------------
D09-393      197.00  197.80                0.80      4.27 
----------------------------------------------------------
(i)Lengths are reported as core lengths. True widths are not 
known at this time.
Note: D09-392B reported no significant results as it failed 
to intersect iron formation.



The Company's first drill program at Damoti was completed in late September of
2009. A total of 27 holes were drilled (5,670 m) with the goal of infilling the
resource within the Horseshoe Zone, validating historical drill results,
exploring the Horseshoe Syncline along strike and depth, and testing mineralized
fold structures west of the Horseshoe Syncline (in particular, the Red Mountain
Syncline). Results have shown excellent grade, widths, and continuity of gold
mineralization within the Horseshoe and Red Mountain Synclines. Areas of
high-grade mineralization are developed within the top and basal portions of the
iron formation and as discrete mineralized zones that crosscut the main unit.
These zones are believed to be related to fractures/shears where gold occurs in
association with the sulphides. New gold zones have now been discovered within
the lower west limb and keel areas of the Horseshoe and Red Mountain Synclines
and remain open in all dimensions.


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, to expand the overall resource, and to test
targets generated by the geophysics surveys.


In a recent news release (November 4, 2009) it was reported that Merc had
completed a non-brokered private placement offering of 7,288,648 flow-through
shares at $0.43 per flow-through share for gross proceeds of $3.1 million. Funds
will be used on the upcoming geophysics and winter drill campaign.


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.
Merc International Minerals Inc. (TSXV:MRK)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Merc International Minerals Inc. Charts.
Merc International Minerals Inc. (TSXV:MRK)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Merc International Minerals Inc. Charts.