Merc Releases Further Gold Intersections at BIF Island Zone
15 Juni 2010 - 2:30PM
Marketwired
Merc International Minerals Inc. ("Merc") (TSX VENTURE: MRK) is
pleased to report results today for fourteen new drill holes from
its 2010 Winter Drill Program on its Damoti Lake Gold Project in
the Northwest Territories. Drill results include the final eleven
holes at the BIF Island Zone, and three holes at the Granite
Showing located between the BIF Island and Horseshoe Zones.
Sectional drilling at the BIF Island Zone has confirmed a strong
core of gold mineralization that conforms to the general plunge of
the fold structure. The limits and expansion opportunities of this
mineralized zone will be further evaluated in the coming months.
The eleven BIF Island holes represent the remaining holes drilled
at this location over the current program, and include the
following highlights: 4.89 grams per tonne gold over 7.55 meters,
including 15.10 grams per tonne gold over 1.50 meters in hole
D10-402, and 12.97 grams per tonne gold over 1.50 meters, including
26.30 grams per tonne gold over 0.50 meters in D10-403B. Several
reconnaissance holes, aided by geophysical data, were laid out away
from known mineralization in order to explore for extensions along
strike and down plunge. Drilling of these sections was successful
in helping to validate a new geological model for gold
mineralization, one that will evolve as Merc continues to explore
Damoti's fertile stratigraphy.
"We are extremely pleased with our drilling results to date.
Since initiating our first program in July 2009, Merc has
repeatedly intersected both high-grade gold mineralization and
broader zones of significant values, all within the near-surface
environment. Exciting opportunities exist for additional
discoveries at depth, along strike, and in similar structures
lateral to those hosting known mineralization. All remain to be
tested. If successful, these ongoing initiatives will add
significant value to the entire Damoti Lake Gold Project," said Dr.
Michael Byron, President and CEO of Merc.
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Core Length(i)
Drill Hole From (m) To (m) (m) Au (gpt)
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D10-399 38.00 38.50 0.50 3.72
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141.00 154.35 13.35 0.92
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141.00 142.00 1.00 3.94
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including 141.00 141.50 0.50 6.27
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D10-399B 156.00 179.00 23.00 1.35
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including 156.00 156.50 0.50 5.69
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including 163.50 164.00 0.50 3.29
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including 172.00 179.00 7.00 2.83
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including 172.00 173.00 1.00 5.47
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including 175.50 179.00 3.50 3.41
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including 178.00 179.00 1.00 6.46
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including 178.00 178.50 0.50 9.78
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D10-400 193.00 199.50 6.50 1.14
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198.00 199.00 1.00 2.53
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including 198.50 199.00 0.50 4.06
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D10-400B 197.00 197.50 0.50 2.00
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D10-401 40.00 41.00 1.00 1.84
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D10-402 53.95 61.50 7.55 4.89
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including 54.50 55.10 0.60 7.38
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including 57.50 59.00 1.50 15.10
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including 60.90 61.50 0.60 5.67
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63.75 64.65 0.90 2.22
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D10-402B test magnetic anomaly - no iron formation
intersected
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D10-403 43.00 43.50 0.50 2.26
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78.00 78.50 0.50 12.50
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86.50 87.50 1.00 2.14
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119.25 119.75 0.50 2.89
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D10-403B 24.25 25.75 1.50 2.13
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64.00 81.50 17.50 1.45
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including 79.50 81.00 1.50 12.97
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including 80.50 81.00 0.5 26.30
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113.50 115.00 1.50 3.98
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including 113.50 114.00 0.50 7.36
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125.75 126.50 0.75 6.97
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D10-404 104.00 105.50 1.50 8.08
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including 104.50 105.00 0.50 15.15
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D10-424 BIF Island Extension - iron formation intersected,
no values greater than 0.5 g/t Au
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(i) Lengths are reported as core lengths. True widths are not known at this
time.
The BIF Island Zone, an area of folded iron formation similar to
the Horseshoe Zone, is located 3.5 kilometers northeast along
strike from the Horseshoe Zone. Drilling at BIF commenced on March
19, 2010 (March 24, 2010 news release) as part of a 10,000 meter
program to extend known mineralization at BIF, as well as 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). Initial drill results were
reported in a May 08, 2010 news release in which holes intersected
broad zones of gold mineralization containing high-grade cores. For
additional information on drill hole locations and Merc's drill
program please visit Merc's website www.mercinternational.ca.
Three holes were drilled at the Granite showing to test
mineralized areas of iron formation 1,500 metres northeast of the
Horseshoe Zone. Although the holes were drilled below several
surface showings with associated favorable geophysical responses,
they failed to return significant mineralization.
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, 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 Inc.
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.
Merc 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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