Merc Step-Out Drilling Extends Mineralization at Indin Lake NWT Including Intercept of 65.35 g/t Au over 3.0 metres and 1.14 ...
2011年11月21日 - 9:00PM
PR Newswire (Canada)
www.mercinternational.ca TORONTO, Nov. 21, 2011 /CNW/ - Merc
International Minerals Inc. ("Merc") is pleased to announce that
step-out drilling at its Indin Lake Gold Project in the Northwest
Territories ("NWT") intersected two near surface high-grade gold
zones at the # 3 deposit 400 metres south of the Diversified Mine,
and extended gold mineralization 250 metres north of the North Inca
deposit. Drill results reported today from the final sixteen holes
from Merc's 2011 Phase II drill program include 65.35 grams per
tonne gold ("g/t Au") over 3.0 metres and 1.14 g/t over 33.77
metres. David Wiley, Merc President and CEO, commented, "Step-out
drilling continues to extend the strike length of our priority
targets, which remain open in all directions. Importantly, the
Phase II drill program has identified multiple gold zones not
previously encountered through our multi-phase drilling program.
Drill core assays recorded some of the highest grades we've
reported to date coupled with attractive intersection lengths, one
being 1.14 g/t Au over 33.77 metres, at our Indin Lake Gold
Project. The results also validate our belief that high-grade
mineralization exists between the Diversified and North Inca
deposits and that those two deposits are actually part of the same
structure. We fully expect the upcoming 2012 drill program will
extend the areas of known mineralization even further, which will
then enable Merc to be in a position to calculate a maiden
resource. Drilling to date has been focused on the Leta Arm
Corridor, which hosts several historic deposits and two historic
gold mines. In February 2012 Merc will continue to test and expand
this area, which has yielded tremendous success to date. Our drill
program is focused on testing the Leta Arm Fault Zone, a broad
structure with a strike length in excess of 10 kilometres.
Within our 210,000 acre land package we have numerous other highly
prospective and untested drill targets in the pipeline that are
outside of our current area of focus." The just completed Phase II
drill program was designed to extend known areas of mineralization
and to identify new gold zones along the sedimentary-volcanic rock
contact between the Diversified and North Inca shafts. Merc
continues to intersect gold mineralization within and beyond this
1.2 kilometre section of the Leta Arm Corridor, providing further
evidence that the deposits may be part of a coherent gold system.
Highlights from the drill results on these areas include: -- 65.35
g/t Au over 3.0 metres and 5.20 g/t Au over 12.90 metres, including
22.12 g/t Au over 2.85 metres from hole DV11-09; -- 1.14 g/t Au
over 33.77 metres and 8.84 g/t Au over 5.50 metres, including 18.2
g/t Au over 2.44 metres from hole NI11-06; -- 2.00 g/t Au over
12.00 metres, including 3.90 g/t Au over 5.20 metres from hole
NI11-07B; -- Step-out drilling intersects two near surface
high-grade gold zones at #3 deposit, 400 metres south of
Diversified; and -- Step-out drilling at North Inca extends gold
mineralization 250 metres north Merc's 2011 Phase II drill program
consisted of twenty-six drill holes (7,610 metres). Today's
reported assay results are for the final sixteen holes. Sixteen of
the twenty-six holes were drilled at North Inca (4,898 metres) with
eight containing intersections of visible gold, while three of the
nine holes completed at Diversified (2,475 metres) contained
visible gold. A single hole was drilled at Lexindin (237 metres), a
historically defined near surface deposit located 1.1 kilometres
north of Diversified. Table 1. 2011 Phase II Drill Results - Leta
Arm Corridor _____________________________________________ |Drill
Hole | From (m) |To (m)|Length|g/t Au| | | | | (m) | |
|____________|___________|______|______|______| |DV11-06 | 217.00
|217.75| 0.75 | 1.51 |
|____________|___________|______|______|______| |DV11-07 | 94.50
|96.00 | 1.50 | 1.27 |
|____________|___________|______|______|______| |DV11-08 | no
significant results |
|____________|________________________________| |DV11-09 | 45.50
|48.50 | 3.00 |65.35 |
|____________|___________|______|______|______| | including| 46.50
|47.50 | 1.00 |193.75|
|____________|___________|______|______|______| | including| 46.50
|47.00 | 0.50 |260.00|
|____________|___________|______|______|______| | | 65.80 |71.00 |
5.20 |12.90 | |____________|___________|______|______|______| |
including| 66.30 |69.15 | 2.85 |22.12 |
|____________|___________|______|______|______| | including| 68.75
|69.15 | 0.40 |138.50|
|____________|___________|______|______|______| | | 80.00 |83.00 |
3.00 | 0.82 | |____________|___________|______|______|______| | |
115.35 |121.70| 6.35 | 0.70 |
|____________|___________|______|______|______| |DV11-09B | 66.20
|68.80 | 2.60 | 1.44 |
|____________|___________|______|______|______| | | 103.50 |108.00|
4.50 | 0.64 | |____________|___________|______|______|______| |
including| 103.50 |104.00| 0.50 | 2.92 |
|____________|___________|______|______|______| | | 117.00 |119.65|
2.65 | 0.64 | |____________|___________|______|______|______| |
including| 117.00 |117.75| 0.75 | 1.43 |
|____________|___________|______|______|______| | | 143.80 |146.00|
2.20 | 1.14 | |____________|___________|______|______|______|
|NI11-06 | 61.57 |95.34 |33.77 | 1.14 |
|____________|___________|______|______|______| | including| 76.00
|78.50 | 2.50 | 4.00 |
|____________|___________|______|______|______| | including| 76.00
|77.00 | 1.00 | 8.53 |
|____________|___________|______|______|______| | including| 91.68
|94.18 | 2.50 | 5.82 |
|____________|___________|______|______|______| | including| 93.68
|94.18 | 0.50 |11.60 |
|____________|___________|______|______|______| | | 159.00 |164.50|
5.50 | 8.84 | |____________|___________|______|______|______| |
including| 161.56 |164.00| 2.44 |18.20 |
|____________|___________|______|______|______| | including| 161.56
|162.46| 0.90 |30.70 |
|____________|___________|______|______|______| |NI11-06B | no
significant results |
|____________|________________________________| |NI11-07 | 128.50
|129.50| 1.00 | 2.68 |
|____________|___________|______|______|______| |NI11-07B | 90.50
|101.00|10.50 | 0.40 |
|____________|___________|______|______|______| | including|
99.50|101.00| 1.50 | 1.89 |
|____________|___________|______|______|______| | | 180.00
|192.00|12.00 | 2.00 |
|____________|___________|______|______|______| | including| 182.80
|188.00| 5.20 | 3.90 |
|____________|___________|______|______|______| | including| 182.80
|183.40| 0.60 | 8.96 |
|____________|___________|______|______|______| | | 214.35 |217.35|
3.00 | 4.56 | |____________|___________|______|______|______| |
including| 214.35 |215.00| 0.65 | 8.97 |
|____________|___________|______|______|______| | | 226.60 |228.00|
1.40 | 3.20 | |____________|___________|______|______|______|
|NI11-08 | no significant results |
|____________|________________________________| |NI11-08B | 178.35
|179.00| 0.65 | 1.09 |
|____________|___________|______|______|______| |NI11-09 | 282.00
|283.50| 1.50 | 1.41 |
|____________|___________|______|______|______| |NI11-09B | no
significant results |
|____________|________________________________| |NI11-10 | 106.45
|108.85| 2.40 | 3.92 |
|____________|___________|______|______|______| | including| 107.05
|107.65| 0.60 |13.75 |
|____________|___________|______|______|______| |NI11-10B | 249.30
|250.50| 1.20 | 0.88 |
|____________|___________|______|______|______| | | 301.50 |303.00|
1.50 | 1.07 | |____________|___________|______|______|______|
|LX11-01 | 138.20 |144.25| 6.05 | 1.27 |
|____________|___________|______|______|______| | including| 141.25
|142.00| 0.75 | 2.56 |
|____________|___________|______|______|______| * Lengths are
reported as core lengths. True widths are unknown at this time.
Figure 1 - 2011 Drill Hole Location Map
(http://files.newswire.ca/926/merc_figure_1.pdf) # 3 Deposit
Located along the Leta Arm Corridor 450 metres south of the
Diversified deposit, the #3 deposit forms part of a strongly
mineralized structure extending north from North Inca East Zone.
These three metasediment-hosted gold deposits are part of the same
mineralized package, as they show similar grade, mineralized
widths, general morphology, and orientation. A total of six holes
tested the #3 deposit laterally and to depth. Merc is pleased
to report that DV11-09 and DV11-09B, designed to intersect the
upward extension of this deposit, have intersected considerably
higher grades and greater widths than the previous holes reported
in the area. These holes confirm that the mineralization
extends in excess of 200 metres. The intersection of two near
surface high-grade zones are reported and are highlighted by hole
DV11-09 which intersected 3.0 metres of 65.35 g/t Au (starting at
45.50 metres), including 1.0 metre of 193.75 g/t Au. A second
zone begins at 65.80 metres and includes 5.2 metres of 12.90 g/t Au
with 2.85 metres returning 22.12 g/t Au. Two additional
geochemically anomalous gold zones occur further downhole and may
be more distal appendages of the two main zones, or may indicate
additional zones at depth below the hole. Hole DV11-09B, drilled on
the same section, but at a steeper angle, intersected four distinct
intervals of quartz veining with associated sulphides including one
interval reporting visible gold. Interval results range up to 2.92
g/t Au. DV11-06 and DV11-07 were collared 40 metres either
side of DV11-04 to test the mineralization at depth. Although
the structure was intersected, and anomalous values were reported
in both holes, it appears that DV11-06 may have drilled above the
plunging mineralization with much of the zone offset by faulting
and a diabase dike that occurs 5 to 7 metres downhole. DV11-07
appears to have been displaced by a diabase dike that occurs near
the zone. DV11-08 was drilled west of DV11-04 to test the
stratigraphy west of the #3 deposit and reported no significant
results. Results for two previous holes in the #3 deposit were
reported in a release dated September 6(th) 2011, in which DV11-04
and DV11-04B, drilled from the west, tested the downward extension
of the deposit. DV11-04B, highlighted by 14.03 g/t Au over
3.20 metres, including 40.90 g/t Au over 0.50 metres at a down hole
depth of 266 metres, further illustrates the vast opportunities
Leta Arm Corridor presents in terms of new discoveries of
high-grade, multi-metre wide mineralized zones that are open to
depth. North Inca Deposit North Inca consists of several parallel
north striking silicified zones within metavolcanic and
metasedimentary rocks. The en-echelon nature of the veins indicates
their potential to continue along strike and repeat to depth. The
2011 Phase I drill program tested the East Zone located within
metasediments (see June 15, 2011 news release), whereas the summer
program targeted West Zone mineralization within metavolcanic rocks
150 metres west of the East Zone. Results are reported for ten
recently drilled holes intended to intersect the northern extension
of the North Inca West Zone. NI11-06 and NI11-06B were drilled on a
section 40 metres north of the NI11-04 collar. NI11-06
successfully intersected the projected zones intersected in the
NI11-04 series holes, returning 5.82 g/t Au over 2.50 metres, and
8.84 g/t Au over 5.50 metres including 18.20 g/t Au over 2.44
metres. NI11-06B, the steeper sectional hole at a 70 degree
dip, lacks signs of significant alteration and appears to have
undershot the mineralization or the mineralization was displaced by
a fault. Previously reported holes NI11-04, NI11-04B, and NI11-04C
(see September 06, 2011 news release), collared at North Inca West,
successfully intersected two high-grade veins and discovered a
third. Intersection highlights include: 22.07 g/t Au over
3.44 metres, including 103.50 g/t Au over 0.50 metres; 3.97 g/t Au
over 6.50 metres, including 31.70 g/t Au over 0.5 metres; 15.72 g/t
Au over 2.00 metres; 5.31 g/t Au over 6.44 metres, including 45.10
g/t Au over 0.50 metres; 16.36 g/t Au over 4.81 metres, including
122.50 g/t Au over 0.50 metres and 26.90 g/t Au over 0.50 metres.
NI11-07 and NI11-07B were collared 30 metres north of
NI11-06. NI11-07B cut four mineralized zones: a broad zone of
lower grade material at a downhole depth of 90.50 metres; a second
zone at 182.80 meters that assayed 3.90 g/t Au over 5.20 metres
including 8.96 g/t Au over 0.60 metres; third zone at 214.35 metres
that returned 4.56 g/t Au over 3.0 metres; and a lower zone at
226.60 metres that returned 3.20 g/t Au over 1.40 metres.
NI11-07, the shallower of the two holes, appears to have overshot
the plunging mineralization. NI11-08 and NI11-09 series
sectional holes were spaced 50 metres apart to the north and tested
100 metres of strike potential. These holes failed to
intersect significant mineralization within the main structure, but
the steeper holes did return a few narrow geochemical anomalous
sections, suggesting that the mineralization within this area may
lie at depth due to the plunge geometry. NI11-10 and NI11-10B, the
most northerly step out holes, situated approximately 100 metres
north of the NI11-09 setup, extended the North Inca mineralized
structure over 250 metres to the north confirming the potential to
deliver new zones along strike and down plunge. These holes
were drilled to undercut a surface showing that returned assays of
35.40 g/t Au and 27.50 g/t Au (see September 12, 2011 news
release). NI11-10 intersected the projected plunge of the
mineralization and returned 13.75 g/t Au over 0.60 m.
NI11-10B, the steeper hole on this section, intersected more
moderate mineralization, but appears to have undershot the plunge.
Geological modeling of the results to date is ongoing. It is
expected that a reinterpretation of the mineralization will show
substantial deviations from the relatively linear East Zone Vein
model. This work will form the basis of future target
generation along the North Inca West trend. Lexindin Deposit A
single hole, LX11-01, was drilled to test shallow mineralization
historically reported for the Lexindin Zone. The hole
intersected moderate mineralization at 141.25 metres downhole depth
that assayed 2.56 g/t Au over 0.75 metres. The Lexindin deposit is
1.3 kilometres north of the Diversified mine and consists of
tensional, en-echelon, quartz veins lying obliquely to branches of
the main shear zone. Veins dip steeply north within the 40
metre to 60 metre wide shear zone and open-up laterally with
increased depth. Historical winter lake drill setups were limited
to less than 150 metres vertical depth reporting 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. Additional drilling is
required to fully assess the opportunities present at Lexindin and
to determine if mineralization can be traced north and south
towards the Diversified mine. 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. SOURCE Merc International
Minerals Inc. PDF with caption: "Figure 1 - 2011 Drill Hole
Location Map". PDF available at:
http://stream1.newswire.ca/media/2011/11/21/20111121_C7690_DOC_EN_6988.pdf
Merc International Minerals Inc. CONTACT: David Wiley, President
and CEO Daniel Boase, Investor RelationsMerc International Minerals
Inc. First Canadian Capital MarketsLimited(647) 260-1247 (416)
742-5600 ext 232 (416) 363-4567 (FAX)
email:dboase@firstcanadiancapital.comEmail:
dwiley@mercinternational.ca
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