Merc International Minerals Inc.

Published : January 26th, 2010

Initiates Geophysical Program at its Damoti Lake Gold Project

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Keywords :   Canada | Gold | Iron |

Merc International Minerals Inc.

 

 

January 26, 2010                                                                                      www.mercinternational.ca

 

Merc Initiates Geophysical Program at its Damoti Lake Gold Project

 

Merc International Minerals Inc. ("Merc") (TSXV: MRK) announced today that a ground geophysical program has commenced at its Damoti Lake Gold Project in preparation for the 2010 Winter Drill Program expected to begin in early March.  The first drill program was completed in early November 2009 and included 27 drill holes (5,600 metres) of which 96% intersected gold mineralization.  (For further results please visit Merc?s website:  www.mercinternational.ca).

 

As part of an initial orientation program, a detailed ground magnetic, electromagnetic, and localized induced polarization surveys will be carried out over gold mineralized zones previously drilled by Merc in order to determine their physical responses and characteristics.  This information will be used to help trace mineralization along strike and down plunge within the known host structures, and to  establish better survey parameters to more effectively target and assess new opportunities throughout the property?s 14 kilometre strike length of gold mineralized iron formation.

 

 "The detailed magnetic survey will help us locate areas of structural complexities, including folding, faulting, and thickening of the iron formation units, all of which represent highly prospective areas in terms of their potential to host gold mineralization," stated Merc's CEO, Dr. Michael Byron.  "Once identified, electromagnetic and induced polarization surveys will be selectively run over these areas to identify conductors, as the association between gold and pyrrhotite, a highly conductive mineral, has been well documented.  The resulting targets will be tested in our upcoming drill program as we continue to aggressively advance Damoti Lake."

 

In November 2009, Merc closed a $3.1 million flow-through financing to support the 2010 Damoti Lake geophysics and winter drill program (10,000 metres), which is expected to be completed by May 2010. 

 

Merc is also pleased to announce that it will be displaying core samples from its 2009 Damoti Lake Summer Drill Program at the 2010 Prospectors and Developers Association of Canada?s (PDAC) Trade Show in Toronto, Ontario.  The core may be viewed on March 7 & 8, 2010 at the PDAC Core Shack, Booth #5004, Level 700, Metro Toronto Convention Center, South Building. 

 

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.

 

For further information please contact:

 

Dr. Michael Byron

Telephone: 705-560-2382 Fax: 705-560-0765

Email: info@mercinternational.ca

Website:  www.mercinternational.ca

 

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. The Company disclaims any intention or obligation to revise or update such statements.

 

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Merc International Minerals Inc.

EXPLORATION STAGE
CODE : MRK.V
ISIN : CA58733X1096
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Merc International is a gold exploration company based in Canada.

Merc International holds various exploration projects in Canada.

Its main exploration properties are BORTHWICK LAKE, DAMOTI LAKE, LAUNAY, DISSON and LA REINE in Canada.

Merc International is listed in Canada. Its market capitalisation is CA$ 18.6 millions as of today (US$ 18.0 millions, € 13.9 millions).

Its stock quote reached its highest recent level on July 04, 2008 at CA$ 1.30, and its lowest recent point on March 20, 2009 at CA$ 0.07.

Merc International has 185 995 000 shares outstanding.

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Annual reports of Merc International Minerals Inc.
2009 Annual Report
Financings of Merc International Minerals Inc.
3/29/2011Completes Final Tranche of Private Placement
3/7/2011Closes $9 Million Private Placement-Appoints Mark Goodman to...
Option Grants of Merc International Minerals Inc.
2/22/2011Grants 190,000 stock options to PR Firm
2/16/2011Grants Stock Options
Nominations of Merc International Minerals Inc.
2/22/2011Retains First Canadian Capital Corp. to Provide Investor Rel...
Project news of Merc International Minerals Inc.
3/24/2011(Treasure Island Canada)COMMENCED DRILLING ON NWT GOLD PROPERTIES
8/4/2010(Damoti Lake)Intersects 9.80 Grams Gold Per Tonne Over 8.5 Metres at Red ...
7/6/2010(Damoti Lake) Intersects 16.12 Grams Gold Per Tonne Over 8.0 Metres and D...
6/15/2010(Damoti Lake)Releases Further Gold Intersections at BIF Island Zone
4/14/2010(Damoti Lake)Resource World Covers Merc International drilling Damoti Lak...
1/26/2010(Damoti Lake)Initiates Geophysical Program at its Damoti Lake Gold Projec...
Corporate news of Merc International Minerals Inc.
4/26/2011Staking Program Expands NWT Land Package by 241%
11/12/2009Merc Discovers New Gold Zone within the Red Mountain Synclin...
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