MRK Merc International Minerals Inc.

Merc International Minerals Inc. ("Merc") (TSX VENTURE:MRK) reports results on
seven additional drill holes from its recently completed 2010 Winter Drill
Program at its Damoti Lake Gold Project, Northwest Territories. All holes were
collared within the eastern limb of the Red Mountain syncline, located 125
metres west of the Horseshoe syncline and its associated high-grade gold
mineralization. 


Highlights include: Hole D10-416B which returned 16.12 grams gold per tonne over
8.0 metres, including 60.25 grams gold per tonne over 1.5 metres and 8.50 grams
gold per tonne over 4.0 metres, including 18.12 grams gold per tonne over 1.5
metres; Hole D10-418 returned 7.93 grams gold per tonne over 3.00 metres,
including 12.40 grams gold per tonne over 1.80 metres, and 2.60 grams gold per
tonne over 16.25 metres, including 6.84 grams gold per tonne over 4.25 metres,
and 17.90 grams gold per tonne over 1.25 metres. Drill hole D10-416B intersected
extensive mineralization extending from near-surface, returning a composite
grade of 1.64 grams gold per tonne over 151.40 metres. These intersections
represent the best widths and grades ever reported for Red Mountain.


Drill holes D10-416, D10-416B, and D10-418 infill and extend, up to 75 metres in
length, two of the five mineralized zones within the east limb of the Red
Mountain syncline, and confirmed the presence of two new zones at depth. The
intersections also collectively helped to better define a recently identified
southeast/northwest trending mineralized corridor that includes the high-grade
Horseshoe Zone (125 metres to the east) and a high magnetic feature in
association with an induced polarization (IP) anomaly located 250 metres further
east of Horseshoe. Historic work in this latter area returned several anomalous
gold values in iron formation from surface samples. This portion of the property
remains largely unexplored and highly prospective.


Two holes (D10-417 and D10-417B) drilled 40 metres south of hole D10-418,
intersected mineralized zones at similar depths to those encountered in D10-418,
as well as a new zone at depth. Two drill holes located further to the south of
the Red Mountain - Horseshoe corridor (D10-423 and D10-423B) intersected the
targeted iron formation but returned no significant assay results. For
additional information on drill hole locations and Merc's drill program please
visit Merc's website www.mercinternational.ca.


"We are very encouraged by the total length of mineralization intersected in
hole D10-416B and its five internal higher grade zones. This was one of our
priority drill targets chosen for its associated IP anomaly. A similar
IP/magnetic anomaly also exists along the eastern perimeter of the mineralized
corridor," stated Dr. Michael Byron, Merc President and CEO. "That area has yet
to see any focused exploration activity. As our exploration model continues to
evolve, this mineralized corridor will play a significant role in our
exploration strategy and target identification."


Drilling at Red Mountain was designed to test the continuity of new
mineralization discovered by Merc in 2009 and to expand these vertically stacked
zones to the north and south. "Given the success in this new northern area of
the Red Mountain syncline, Merc now awaits with great interest the results of
additional holes that were drilled further north along the same structure,"
added Dr. Byron. "Positive results from these holes will significantly open up
Red Mountain by extending the mineralization in excess of 200 metres northward."




----------------------------------------------------------------------------
                                                   Core Length(i)           
Drill Hole                   From (m)     To (m)              (m)   Au (gpt)
D10-416                         30.00      47.00            17.00       1.11
including                       31.50      32.00             0.50      11.85
including                       44.50      47.00             2.50       2.38
                                89.75      90.50             0.75       5.49
----------------------------------------------------------------------------
D10-416B                        49.00      56.50             7.50       2.50
including                       49.00      50.50             1.50       3.81
including                       54.50      56.50             2.00       6.27
including                       55.00      55.50             0.50      19.85
                                87.50      95.50             8.00      16.12
including                       89.00      91.50             2.50      13.49
including                       90.50      91.50             1.00      26.30
including                       90.50      91.00             0.50      42.40
including                       94.00      95.50             1.50      60.25
including                       94.50      95.00             0.50     142.00
                               144.00     150.50             6.50       3.02
including                      147.00     148.00             1.00      12.19
                               162.00     166.00             4.00       8.50
including                      163.50     165.00             1.50      18.12
including                      164.50     165.00             0.50      33.40
                               168.00     168.50             0.50       4.26
                               177.00     184.00             7.00       4.11
including                      181.50     182.50             1.00      13.00
including                      182.00     182.50             0.50      17.70
total drill hole composite      35.40     186.80           151.40       1.64
----------------------------------------------------------------------------
D10-417                         32.00      42.50            10.50       1.02
including                       32.00      35.00             3.00       1.89
including                       34.50      35.00             0.50       7.91
including                       42.00      42.50             0.50       7.47
----------------------------------------------------------------------------
D10-417B                        36.50      38.00             1.50       1.31
                                41.00      42.00             1.00       4.57
                                69.00      70.00             1.00       2.19
                               142.00     143.00             1.00       4.79
                               148.00     149.00             1.00       2.08
                               203.00     203.50             0.50      10.20
----------------------------------------------------------------------------
D10-418                          5.00       8.00             3.00       7.93
including                        5.00       6.80             1.80      12.40
                                20.75      21.75             1.00       3.56
                                42.50      43.00             0.50       3.86
                                49.75      66.00            16.25       2.60
including                       49.75      54.00             4.25       6.84
including                       50.25      51.50             1.25      17.90
including                       61.50      66.00             4.50       2.63
including                       65.00      66.00             1.00       6.93
                               143.50     150.50             7.00       4.38
including                      146.00     148.00             2.00       7.18
----------------------------------------------------------------------------
including                      149.00     150.00             1.00      11.80
including                      149.00     149.50             0.50      17.40
----------------------------------------------------------------------------
D10-423                   No significant Results greater than 0.5 g/t Au    
----------------------------------------------------------------------------
D104-23B                  No significant Results greater than 0.5 g/t Au    
----------------------------------------------------------------------------
(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, 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.

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