Merc Intersects 6.86 g/t Gold Over 26.0 Metres, including 44.34 g/t Gold Over 3.5 Metres at North Inca, NWT
15 Junho 2011 - 8:30AM
PR Newswire (Canada)
TORONTO, June 15, 2011 /CNW/ -- www.mercinternational.ca Highlights
include the following intersections: -- 6.86 g/t Au over 26.00
metres, including 44.34 g/t Au over 3.45 metres from hole NI11-02;
-- 7.23 g/t Au over 11.75 metres, including 11.38 g/t Au over 7.40
metres from hole DV11-02C; and -- 1.82 g/t Au over 23.00 metres,
including 2.21 g/t Au over 6.00 metres from hole NI11-01 TORONTO,
June 15, 2011 /CNW/ - Merc International Minerals Inc. ("Merc")
(TSX Venture: MRK) announced today the results from the final 12
holes of the recently completed 2011 Phase I drill program at its
Treasure Island, North Inca, and Diversified gold projects.
Of the 17 holes drilled (4,319 metres total) on the three Indin
Lake greenstone belt properties, visible gold was reported in 11 of
the holes and all holes intersected gold mineralization. Merc
President and CEO, David Wiley, commented, "We believe that these
results are further evidence that a high-grade gold system is
present within Merc's expansive Indin Lake land position. The
Phase I program has validated our approach to exploring the Indin
Lake greenstone belt and far exceeded our expectations. We
are finding that the widths associated with our gold intercepts are
much more substantial than what the historical data had led us to
believe. Furthermore, the zones tested to date continue to be
open in all directions. The Phase II program will focus on
extending and potentially connecting the deposits along strike,
which will enable us to begin defining one or multiple ore bodies."
North Inca and Diversified Results Merc drilled five holes at its
North Inca project and assay highlights include 6.86 gram per tonne
gold ("g/t Au") over 26.0 metres, including 44.34 g/t Au over 3.45
metres from drill hole NI11-02; 1.60 g/t Au over 19.85 metres,
including 5.26 g/t Au over 3.15 metres from drill hole NI11-01B;
1.82 g/t Au over 23.00 metres, including 8.98 g/t Au over 1.51
metres from drill hole NI11-01; and 7.18 g/t Au over 2.50 metres
from drill hole NI11-02C. These results confirm the
high-grade nature of the North Inca mineralization while
demonstrating, for the first time, the substantial widths of the
gold zones. Merc drilled seven holes at its Diversified project and
assay highlights include 7.23g/t Au over 11.75 metres, including
11.38 g/t Au over 7.40 metres from drill hole DV11-02C; 8.64 g/t Au
over 1.95 metres from drill hole DV11-02; 3.25 g/t Au over 7.79
metres from drill hole DV11-01; and 9.33 g/t Au over 1.17 metres
from drill hole DV11-03. These results extend the high-grade
mineralization to new depths and confirm the potential for
significant zone widths. To view a North Inca map please visit:
http://files.newswire.ca/926/NorthInca.pdf Highlights of Gold
Intersections from Diversified and North Inca From To Core Drill
Hole (metres) (metres) Length* g/t Au (metres) DV11-01 65.50 67.00
1.50 2.79 92.00 92.50 0.50 1.97 100.00 107.79 7.79 3.25 including
100.60 101.79 1.19 4.81 including 102.90 105.40 2.50 4.93 including
104.90 105.40 0.50 9.39 DV11-01B 164.50 172.00 7.50 1.03 including
165.00 167.00 2.00 2.77 including 166.60 167.00 0.40 5.73 DV11-01C
109.50 110.50 1.00 1.54 117.50 120.50 3.00 2.93 130.75 131.75 1.00
3.94 DV11-02 126.30 128.25 1.95 8.64 including 127.65 128.25 0.60
23.00 DV11-02B 149.00 152.50 3.50 1.17 including 149.50 151.00 1.50
2.21 including 150.50 151.00 0.50 4.55 DV11-02C 115.00 128.50 13.50
0.45 including 115.00 116.00 1.00 1.66 205.00 216.75 11.75 7.23
including 205.00 212.40 7.40 11.38 including 208.75 212.40 3.65
21.66 including 211.75 212.40 0.65 100.50 DV11-03 148.00 164.17
16.17 1.15 including 150.00 151.00 1.00 5.26 including 155.00
156.00 1.00 1.19 including 163.00 164.17 1.17 9.33 including 163.00
163.60 0.60 17.55 NI11-01 31.50 32.50 1.00 4.89 including 32.00
32.50 0.50 7.72 101.00 124.00 23.00 1.82 including 101.00 107.00
6.00 2.21 including 101.00 102.93 1.93 4.73 including 102.43 102.93
0.50 9.30 including 106.50 107.00 0.50 4.38 including 108.12 108.62
0.50 3.16 including 113.64 115.15 1.51 8.98 including 114.14 114.65
0.51 21.70 including 119.60 121.00 1.40 2.73 including 123.00
124.00 1.00 3.07 NI11-01B 79.65 99.00 19.85 1.60 including 81.65
84.80 3.15 5.26 including 83.80 84.30 0.50 28.70 including 88.50
89.50 1.00 7.52 including 89.00 89.50 0.50 13.85 96.00 97.00 1.00
3.18 NI11-02 96.75 123.00 26.00 6.86 including 100.30 103.75 3.45
44.34 including 100.80 102.75 1.95 78.30 including 101.25 102.25
1.00 151.82 including 101.25 101.75 0.50 294.00 including 113.75
122.25 8.50 2.64 including 117.25 118.00 0.75 11.90 NI11-02B
abandoned NI11-02C 93.00 102.75 9.75 2.65 including 98.00 100.50
2.50 7.18 including 99.00 99.75 0.75 15.55 NI11-03 118.00 121.00
3.00 0.71 including 120.50 121.00 0.50 1.96 * Lengths are reported
as core lengths. True widths are unknown at this time.
Merc recently reported on the results of the five Treasure Island
drill holes, all of which intersected gold mineralization, while
collectively defining a 200 metre wide mineralized corridor open at
depth and extending for a projected strike length upwards of six
kilometres (see May 31, 2011 news release at
http://www.mercinternational.ca/newsReleases/2011/MAY31-2011.PDF).
Merc has resumed its ongoing drill programs at Diversified and
North Inca, kicking off Phase II in early June. Soon the drilling
will begin testing the area between the North Inca and Diversified
deposits. Merc believes significant opportunities exist
within the 500 metre wide mineralized structure that runs between
and beyond North Inca to the south and Lexindin to the north, a
distance of 2.5 kilometres. Additional historical gold
showings along the Leta Arm Fault Zone extend the target area to an
excess of six kilometres. An extensive prospecting and
mapping program on several other high-priority deposits and
mineralized showings within the Indin Lake gold project was also
initiated in early June, including both the Treasure Island and
Leta Arm Fault Zone. About the Diversified Corridor The Diversified
Corridor lies 210 kilometres north of Yellowknife, Northwest
Territories, along the northern extension of the West Bay - Indin
Lake Fault Zone (WBILFZ); a major regional structure hosting the
former producing Giant and Con Gold mines to the south (13 million
ounces of historic gold production). The Leta Arm Fault Zone,
a 500 metre wide structural corridor within the northern extension
of the WBILFZ, transects the central portion of the Indin Lake
Belt, hosting four historic gold deposits (Diversified, North Inca,
Lexindin, Number 3), as well as several gold showings. Exploration
shafts and limited underground development were completed on the
North Inca and Diversified deposits in the 1940's to explore
multi-stage quartz veins characterized by high-grade gold
mineralization. The Diversified deposit lies 1.3 kilometres
north of North Inca with the Number 3 deposit lying between them
and the Lexindin deposit an additional1.2 kilometres north of the
Diversified. All deposits are open laterally and vertically
suggesting the possibility that they are part of a single large
system. North Inca Deposit North Inca consists of at least 3
parallel north striking silicified zones of variable widths.
Historical development was limited to vertical depths of less than
100 metres, leaving the deposit open to exploration at depth.
Moreover, the en-echelon nature of the vein sets indicates the
potential for the deposit to continue along strike. Phase I
drilling was designed to test the East Zone, the eastern most
mineralized zone within host metasedimentary units. Five
holes were drilled from three lake setups to validate the limited
historical data, expand zones to depth, and test for new zones
laterally. Results to date are encouraging as several
high-grade intersections are reported, with zone widths much wider
than previously recognized. Phase II drilling is currently in
progress testing two near surface mineral zones located 150 metres
west of the East Zone within host metavolcanic rocks. North
Inca remains a prime target, and one that Merc believes has the
grade and widths to warrant a continued and rapid ongoing
exploration program. Diversified Deposit The Diversified deposit
shares similar characteristics to the North Inca deposit. The
deposit's "Main Zone", which lies within metasedimentary rocks, has
been traced for 220 metres based upon historical drilling and
underground development. Merc's Phase I drilling has
confirmed the high-grade nature of the deposit's mineralization,
defined zone widths that significantly exceed those previously
reported, and extended the high-grade mineralization to new depths.
All mineralized zones remain open laterally and to depth. Lexindin
Deposit The Lexindin Deposit is located approximately 1.2
kilometres north of the Diversified shaft. Tensional,
en-echelon, quartz veins lying obliquely to branches of the main
shear zone make up the mineralized zones at Lexindin. Veins
dip steeply north within the 40 metre to 60 metre wide shear zone
and open-up laterally with increased depth. Exploration drilling
has been limited to less than 150 metres vertical depth with
historical intersections of 113.80 g/t Au over 3.05 metres, 18.85
g/t Au over 1.53 metres, and 22.97 g/t Au over 2.37 metres.
Initial drilling at Lexindin will be part of our Phase II program
with the goal of establishing mineralized continuity between the
various deposits within the Leta Arm Fault Zone. About Merc
International Minerals Inc. Merc is a Canadian-based exploration
company focused on acquiring and developing gold mineral properties
in the NWT. Its primary land position covers 209,763 acres or
84,888 hectares in the Indin Lake Gold Camp, located approximately
200 kilometres north of Yellowknife, NWT. The technical information
in this news release was reviewed and approved by Merc Director,
Dr. Michael J. Byron, a Qualified Person under NI 43-101. 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. Forward-Looking Statements Certain information set forth
in this news release may contain forward-looking statements that
involve substantial known and unknown risks and uncertainties.
These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of Merc,
including, but not limited to, the impact of general economic
conditions, industry conditions, volatility of commodity prices,
risks associated with the uncertainty of exploration results and
estimates, currency fluctuations, dependency upon regulatory
approvals, the uncertainty of obtaining additional financing and
exploration risk. Readers are cautioned that the assumptions used
in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise
and, as such, undue reliance should not be placed on
forward-looking statements. This press release is not, and is not
to be construed in any way as, an offer to buy or sell securities
in the United States. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/June2011/15/c6172.html p
bDavid Wiley, President and CEO/bbr/ Merc International Minerals
Inc.br/ (647) 260-1247br/ (416) 363-4567 (FAX)br/ Email: a
href="mailto:dwiley@mercinternational.ca"udwiley@mercinternational.ca/u/a
/p
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