Merc Step-Out Drilling Intersects High-Grade Gold Mineralization Over Broad Zones at Both the North Inca and Diversified Depo...
06 Septembre 2011 - 1:00PM
PR Newswire (Canada)
TORONTO, Sept. 6, 2011 /CNW/ -- www.mercinternational.ca
-Intersects 6.08 g/t Au over 16.90 metres, including 22.07 g/t Au
over 3.44 metres- TORONTO, Sept. 6, 2011 /CNW/ - Merc International
Minerals Inc. ("Merc") (TSX Venture: MRK) announces drill results
for ten of the twenty-six holes from its Phase II summer drill
program at its Indin Lake Gold Project in the Northwest
Territories. Merc continued to encounter gold mineralization by
drilling 150 metres to the west of the North Inca Deposit East Zone
and stepping-out up to 450 metres south of the Diversified Deposit.
Highlights from the drill results on these areas include: -- 6.08
g/t Au over 16.90 metres, including 22.07 g/t Au over 3.44 metres
from hole NI11-04; -- 4.20 g/t Au over 16.50 metres, including
15.72 g/t Au over 2.00 metres from hole NI11-04B; -- 16.36 g/t Au
over 4.81 metres, including 122.50 g/t Au over 0.50 metres from
hole NI11-04C; -- 9.25 g/t Au over 3.73 metres, including 49.60 g/t
Au over 0.67 metres from hole NI11-05C; and -- 14.03 g/t Au over
3.20 metres, including 40.90 g/t Au over 0.50 metres from hole
DV11-04B Merc President and CEO, David Wiley, commented, "These
drill results move Merc one step closer to being able to define an
ore body within a mineralized corridor spanning at least 10
kilometres. We have stepped out a considerable distance from
the Phase I collars and intersected new zones containing parallel
veins of substantial widths to previously known
mineralization. Furthermore, the intersection of
mineralization at the historical #3 Deposit advances Merc's belief
that the Diversified and North Inca Deposits are part of the same
structure and are connected along strike. In the coming
weeks, we will continue to report additional drill assays as they
are received while our technical team works to update geological
models and interpret the results." Merc's Phase II summer drill
program consisted of twenty six drill holes (7,610 metres). Today's
reported assay results are for ten of the twenty-six holes with
results pending for the remaining holes. Sixteen 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. Results are also
pending for a single hole drilled at Lexindin (237 metres), a
historically defined near surface deposit located 1.1 kilometres
north of Diversified. Drilling tested a strike length of
approximately 2.4 kilometres along the Leta Arm Fault Corridor
covering four historic gold deposits for which new zones were
discovered and historical zones extended along strike and to depth
(see Figure 1. below). The recent drilling targeted a series of
en-echelon quartz veins and mineralized zones. Both the North Inca
and Diversified properties lie within the Leta Arm Fault Corridor
(previously referred to as the Diversified Corridor), a 500 metre
wide deformation zone that locally parallels this main lithological
contact. This structure regionally transects the entire Indin Lake
Gold Camp, which hosts numerous gold deposits and showings. From To
Core Drill Hole (metres) (metres) Length* g/t Au (metres) NI11-04
49.60 66.50 16.90 6.08 including 49.60 53.04 3.44 22.07 including
50.10 50.60 0.50 103.50 including 60.00 66.50 6.50 3.97 including
62.50 63.00 0.50 31.70 81.50 82.00 0.50 3.21 95.50 112.00 16.50
0.96 including 104.50 106.00 1.50 3.96 NI11-04B 51.50 88.50 37.00
2.29 including 51.50 68.00 16.50 4.20 including 51.50 52.70 1.20
15.58 including 63.00 65.00 2.00 15.72 including 64.00 64.50 0.50
41.40 85.00 88.50 3.50 2.15 133.71 140.15 6.44 5.31 135.25 135.75
0.50 45.10 NI11-04C 69.00 73.81 4.81 16.36 including 71.81 72.31
0.50 122.50 including 72.31 72.81 0.50 26.90 NI11-05 51.64 54.17
2.53 0.68 76.58 77.08 0.50 1.82 NI11-05B No significant values
NI11-05C 73.85 77.58 3.73 9.25 including 75.65 76.32 0.67 49.60
155.00 159.50 4.50 1.70 including 158.00 159.50 1.50 4.78 DV11-04
101.00 102.50 1.50 1.19 DV11-04B 265.00 268.20 3.20 14.03 including
266.10 266.60 0.50 40.90 DV11-05 80.70 81.20 0.50 2.41 DV11-05B
24.50 25.00 0.50 3.98 128.50 129.50 1.00 4.35 * Lengths are
reported as core lengths. True widths are unknown at this time.
Figure 1 - 2011 Drill Hole Location Map To view the 2011 Drill Hole
Map, please click here: http://files.newswire.ca/926/2011DHmap.pdf
North Inca Deposit North Inca consists of several parallel north
striking silicified zones of variable widths hosted by metavolcanic
rocks. Historical (1940's) development was limited to shallow
vertical depths, leaving the deposit open at depth. The en-echelon
nature of the vein sets indicates the deposit's potential to
continue along strike. Winter (Phase I) drilling tested the eastern
most mineralized zone (East Zone) situated within metasediments.
Five holes drilled from three lake setups returned several
high-grade intersections with zone widths much wider than
previously recognized (see June 15, 2011 news release). Phase II
drilling targeted near surface mineralization within metavolcanic
rock located 150 metres west (West Zone) of the East Zone. Step out
holes were successful in extending known mineralized zones
laterally and to depth. The holes confirm the high-grade
nature of the mineralization and expand the widths of the
mineralized zones. In addition, new zones were intersected and
known zones extended to depths in excess of 100 metres. Visible
gold was observed in the most northerly step out hole, NI11-10,
(assays pending) extending the North Inca mineralized structure
over 250 metres northward. North Inca continues to deliver
encouraging results while remaining open in all directions.
Drilling to date has confirmed its high-grade nature, significant
mineralized widths, and the potential to deliver new zones along
strike and merge with the #3 and Diversified Deposits. Sectional
drilling targeted two near surface vein systems within the West
Zone. NI11-04, NI11-04B, and NI11-04C intersected the
intended targets and discovered a third new zone 28 metres further
west. NI11-04 intersections for the three zones are 22.07 grams per
tonne gold ("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; and 0.96 g/t Au over 16.50 metres, including
3.96 g/t Au over 1.50 metres. NI11-04B (steeper cut) intersected
all three zones with the two upper zones appearing to coalesce into
a single broad feature running 2.29 g/t Au over 37.00 metres
including 15.72 g/t Au over 2.00 metres. The new lower zone
returned 5.31g/t Au over 6.44 metres, including 45.10 g/t Au over
0.50 metres. The steepest hole on the section (NI11-04C)
intersected one narrower zone of 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. Sectional holes NI11-05, NI11-05B, and NI11-05C drilled 40
metres south of NI11-04, intersected the projected extension of the
mineralized zones. Although all three holes intersected their
intended targets, assay results are variable. NI11-05C, the
steepest hole, returned positive results of 9.25 g/t Au over 3.73
metres, including 49.60 g/t Au over 0.67 metres. To date,
mineralization has been drilled to a vertical depth of 150 metres
and remains open to the south beneath Indin Lake. Geological models
are currently being updated and resulting interpretations
forthcoming. Initial drilling of the North Inca West Zone has been
positive. High-grade gold mineralization was intersected over
significant widths (22.07 g/t Au over 3.44 metres, 15.72 g/t Au
over 2.00 metres, 16.36 g/t Au over 4.81 metres, and 9.25 g/t Au
over 3.73 metres). These results are a clear indication of the
potential this property has to host a gold deposit. #3 Deposit The
#3 Deposit lies along the Leta Arm Fault Corridor 450 metres south
of the Diversified shaft and 800 metres north of the North Inca
East Zone. Merc believes the three metasediment-hosted gold
deposits are part of the same mineralized structure as they have
similar gold grades, mineralized widths, and general morphology,
and when viewed in longitudinal section, share the same
orientation. Six sectional holes were drilled at 40 metre centres
in Phase II of which two are being reported (results are pending
for the remaining four). DV11-04 and DV11-04B tested the
downward extension of the #3 deposit, a near surface prospect
defined in the 1940's by overburden trenching and limited diamond
drilling to a vertical depth of 50 metres. DV11-04B returned a
intersection assaying 14.03 g/t Au over 3.20 metres, including
40.00 g/t Au over 0.50 metres, believed to represent the extension
of the #3 Deposit at a vertical depth of approximately 200 metres.
To follow-up, two holes were drilled at the end of the current
program to test the near surface portion of the deposit.
DV11-09 and DV11-09B cut the mineralization at a shallow downhole
depth with several grains of visible gold reported in both holes.
Assay results are pending but are expected to confirm the
continuity of mineralization for over 200 metres in depth. This
represents a material advancement and significant expansion of this
deposit and reaffirms the huge potential present within the Leta
Arm Fault Corridor. Diversified 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 confirmed the high grade nature of the
deposit's mineralization, defined zone widths that significantly
exceed those previously reported, and extended high grade
mineralization to new depths. In Phase II two sectional holes were
drilled 120 metres south of previous Phase I drilling. The step-out
holes successfully intersected the projected mineralized horizons
returning moderate assay results. DV11-05B (steeper hole) cut a 1.0
metre section that assayed 4.35 g/t Au at approximately 100 metres
vertical depth. All mineralized zones continue to remain open
laterally and to depth. 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. 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. 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.
To view this news release in HTML formatting, please use the
following URL:
http://www.newswire.ca/en/releases/archive/September2011/06/c8445.html
p bDavid Wiley, President/bb and CEO/bbr/ Merc International
Minerals Inc.br/ (647) 260-1247br/ (416) 363-4567 (FAX)br/
Email: a
href="mailto:dwiley@mercinternational.ca"dwiley@mercinternational.ca/abr/
a href="http://www.mercinternational.ca"www.mercinternational.ca/a
/p
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