Merc Initiates Geophysical Program at Its Damoti Lake Gold Project
26 Januar 2010 - 2:30PM
Marketwired
Merc International Minerals Inc. ("Merc") (TSX VENTURE: MRK)
announced today that a ground geophysical program has commenced at
its Damoti Lake Gold Project in preparation for the 2010 Winter
Drill Program expected to begin in early March. The first drill
program was completed in early November 2009 and included 27 drill
holes (5,600 metres) of which 96% intersected gold mineralization.
(For further results please visit Merc's website:
www.mercinternational.ca.)
As part of an initial orientation program, a detailed ground
magnetic, electromagnetic, and localized induced polarization
surveys will be carried out over gold mineralized zones previously
drilled by Merc in order to determine their physical responses and
characteristics. This information will be used to help trace
mineralization along strike and down plunge within the known host
structures, and to establish better survey parameters to more
effectively target and assess new opportunities throughout the
property's 14 kilometre strike length of gold mineralized iron
formation.
"The detailed magnetic survey will help us locate areas of
structural complexities, including folding, faulting, and
thickening of the iron formation units, all of which represent
highly prospective areas in terms of their potential to host gold
mineralization," stated Merc's CEO, Dr. Michael Byron. "Once
identified, electromagnetic and induced polarization surveys will
be selectively run over these areas to identify conductors, as the
association between gold and pyrrhotite, a highly conductive
mineral, has been well documented. The resulting targets will be
tested in our upcoming drill program as we continue to aggressively
advance Damoti Lake."
In November 2009, Merc closed a $3.1 million flow-through
financing to support the 2010 Damoti Lake geophysics and winter
drill program (10,000 metres), which is expected to be completed by
May 2010.
Merc is also pleased to announce that it will be displaying core
samples from its 2009 Damoti Lake Summer Drill Program at the 2010
Prospectors and Developers Association of Canada's (PDAC) Trade
Show in Toronto, Ontario. The core may be viewed on March 7 &
8, 2010 at the PDAC Core Shack, Booth #5004, Level 700, Metro
Toronto Convention Center, South Building.
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
www.mercinternational.ca
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