Merc Intersects 15.85 Grams Gold Per Tonne Over 7.0 Metres at BIF Island
18 Mai 2010 - 2:30PM
Marketwired
Merc International Minerals Inc. ("Merc") (TSX VENTURE: MRK) is
pleased to report assay results on the first eight drill holes from
its 2010 winter exploration program at the Damoti Lake Gold
Project, Northwest Territories.
The eight reported holes tested shallow targets to a maximum
vertical depth of 150 metres, and represent Merc's first drilling
on the BIF Island Zone, an area of folded iron formation located
3.5 kilometers northeast along strike from the Horseshoe Zone.
Reported holes intersected broad zones of mineralization containing
high-grade cores, including Hole D10-397 which returned 4.76 grams
gold per tonne over 28.15 meters, including 15.85 grams gold per
tonne over 7 meters and 40.19 grams gold per tonne over 2.0 meters.
In addition, Hole D10-396B returned 5.81 grams gold per tonne over
22.50 meters, including 10.53 grams gold per tonne over 10.25
meters and 25.66 grams gold per tonne over 3.0 meters.
Drilling commenced March 19, 2010 (March 24, 2010 news release)
with two rigs on a 10,000 meter program to confirm and expand the
mineralization at BIF Island, to extend known mineralization within
the Horseshoe North and Red Mountain Zones, and to test other
targets identified by the recently completed ground geophysical
surveys (March 4, 2010 news release). For additional information on
drill hole locations and the Company's drill program please visit
the Company's website www.mercinternational.ca.
Activities began at BIF Island Zone with the drilling of
sections to validate a new geological model for gold mineralization
and to better define the extent of the host iron formation. Holes
D10-394, 394B and 394C, all drilled in the same section, confirmed
the presence of strong mineralization within the keel of the folded
iron formation and established continuity of mineralization between
sections, something that was previously lacking. Drilling has also
extended the iron formation to greater depth, thus opening up new
target areas. Holes D10-396, 396B and 396C, extended the width of
the iron formation and demonstrate lateral continuity of gold
mineralization. An additional 11 holes have been completed within
the BIF Island mineralized corridor, the results of which are
pending.
Dr. Michael Byron, President and CEO of Merc commented, "We are
over half-way through the winter drill program and are excited with
the progress to date. Drilling within the BIF Island corridor is
completed and we are now testing targets within the Red Mountain
and Horseshoe areas. Our recently completed geophysical surveys
have also identified a previously unexplored iron formation 200
metres to the east of the Horseshoe Zone. Its trend and geophysical
characteristics closely resemble those of the Horseshoe Zone. We
look forward to exploring this new area."
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Drill Hole From (m) To (m) Core Length(i) (m) Au (gpt)
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D10-394 62.00 77.90 15.90 2.43
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including 65.00 68.00 3.00 4.24
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including 73.10 76.70 3.60 5.56
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including 73.70 74.90 1.20 12.08
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D10-394B 58.00 62.25 4.25 9.74
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including 58.00 59.55 1.55 22.07
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including 59.00 59.55 0.55 49.70
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including 61.75 62.25 0.50 13.53
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D10-394C 41.50 80.00 38.50 3.24
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including 41.50 48.00 6.50 3.29
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including 62.50 69.00 6.50 8.62
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including 64.30 66.70 2.40 16.51
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including 66.20 66.70 0.50 28.10
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including 74.60 79.40 4.80 9.52
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including 74.60 76.40 1.80 14.67
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including 75.20 75.80 0.60 30.90
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including 78.80 79.40 0.60 14.65
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D10-395 96.95 110.00 13.05 1.35
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including 107.65 110.00 2.35 5.05
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including 108.40 109.00 0.60 9.36
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D10-396 122.50 123.50 1.00 3.46
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D10-396B 96.00 118.50 22.50 5.81
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including 108.25 118.50 10.25 10.53
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including 108.25 111.25 3.00 25.66
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including 108.75 110.25 1.50 38.47
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including 116.75 118.50 1.75 15.53
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D10-396C 112.00 113.00 1.00 5.36
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D10-397 29.60 57.75 28.15 4.76
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including 30.10 33.70 3.60 2.05
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including 42.00 43.00 1.00 5.74
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including 46.00 53.00 7.00 15.85
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including 46.00 48.00 2.00 40.19
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including 51.50 53.00 1.50 8.65
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including 52.00 52.50 0.50 12.75
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(i) Lengths are reported as core lengths. True widths are not
known at this time.
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 1,000 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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