MRK Merc International Minerals Inc.

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


Drilling is currently underway as two rigs begin a 10,000 to 12,000 meter
program intended to extend known mineralization to depth within the Horseshoe
North zone, to extend new zones discovered at Red Mountain by the 2009 drill
program and to confirm and expand the high-grade mineralization previously
reported for the BIF Island zone. 


On March 4, 2010 Merc reported the completion of its winter geophysics program
of detailed ground magnetic, electromagnetic, and localized induced polarization
surveys. Initial orientation surveys were carried out over known mineralization
to determine their physical characteristics, in effect, creating a geophysical
"footprint". Subsequent surveys helped trace mineralization along strike and
down plunge within the iron formation and identified new drill targets elsewhere
on the property with similar "footprints". Drilling will test these new
geophysical targets, as well as other high-priority mineralized zones that are
represented by significant geophysical anomalies including Knob Hill, Runway,
Lard, and Granite.


"Drill crews arrived on site last week and drilling is now in progress, with our
first assay results expected by mid to late April," reported Dr. Michael Byron,
Merc's President and CEO. "We are very excited and look forward to testing these
new targets including those identified by our recently completed geophysical
program. Deposit modeling at Red Mountain, Horseshoe and BIF Island present
additional drill targets that are expected to expand the Damoti resource." 


In November 2009, Merc closed a $3.1 million flow through financing to support
the 2010 winter drill program at Damoti Lake. 


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. Merc 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