Merc International Minerals Inc.

Published : June 15th, 2010

Releases Further Gold Intersections at BIF Island Zone

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Merc International Minerals Inc.

 

 

June 15, 2010                                                                                                                      www.mercinternational.ca

 

Merc Releases Further Gold Intersections at BIF Island Zone

 

Merc International Minerals Inc. ("Merc") (TSXV: MRK) is pleased to report results today for fourteen new drill holes from its 2010 Winter Drill Program on its Damoti Lake Gold Project in the Northwest Territories.  Drill results include the final eleven holes at the BIF Island Zone, and three holes at the Granite Showing located between the BIF Island and Horseshoe Zones. 

 

Sectional drilling at the BIF Island Zone has confirmed a strong core of gold mineralization that conforms to the general plunge of the fold structure. The limits and expansion opportunities of this mineralized zone will be further evaluated in the coming months. The eleven BIF Island holes represent the remaining holes drilled at this location over the current program, and include the following highlights: 4.89 grams per tonne gold over 7.55 meters, including 15.10 grams per tonne gold over 1.50 meters in hole D10-402, and 12.97 grams per tonne gold over 1.50 meters, including 26.30 grams per tonne gold over 0.50 meters in D10-403B.  Several reconnaissance holes, aided by geophysical data, were laid out away from known mineralization in order to explore for extensions along strike and down plunge.  Drilling of these sections was successful in helping to validate a new geological model for gold mineralization, one that will evolve as Merc continues to explore Damoti?s fertile stratigraphy. 

 

"We are extremely pleased with our drilling results to date. Since initiating our first program in July 2009, Merc has repeatedly intersected both high-grade gold mineralization and broader zones of significant values, all within the near-surface environment.  Exciting opportunities exist for additional discoveries at depth, along strike, and in similar structures lateral to those hosting known mineralization.  All remain to be tested. If successful, these ongoing initiatives will add significant value to the entire Damoti Lake Gold Project," said Dr. Michael Byron, President and CEO of Merc.

 

Drill Hole

From (m)

To (m)

Core Length* (m)

Au (gpt)

 

 

 

 

 

D10-399

38.00

38.50

0.50

3.72

 

141.00

154.35

13.35

0.92

 

141.00

142.00

1.00

3.94

including

141.00

141.50

0.50

6.27

D10-399B

156.00

179.00

23.00

1.35

including

156.00

156.50

0.50

5.69

including

163.50

164.00

0.50

3.29

including

172.00

179.00

7.00

2.83

including

172.00

173.00

1.00

5.47

including

175.50

179.00

3.50

3.41

including

178.00

179.00

1.00

6.46

including

178.00

178.50

0.50

9.78

D10-400

193.00

199.50

6.50

1.14

 

198.00

199.00

1.00

2.53

including

198.50

199.00

0.50

4.06

D10-400B

197.00

197.50

0.50

2.00

D10-401

40.00

41.00

1.00

1.84

D10-402

53.95

61.50

7.55

4.89

including

54.50

55.10

0.60

7.38

including

57.50

59.00

1.50

15.10

including

60.90

61.50

0.60

5.67

 

63.75

64.65

0.90

2.22

D10-402B

test magnetic anomaly - no iron formation intersected

D10-403

43.00

43.50

0.50

2.26

 

78.00

78.50

0.50

12.50

 

86.50

87.50

1.00

2.14

 

119.25

119.75

0.50

2.89

D10-403B

24.25

25.75

1.50

2.13

 

64.00

81.50

17.50

1.45

including

79.50

81.00

1.50

12.97

including

80.50

81.00

0.5

26.30

 

113.50

115.00

1.50

3.98

including

113.50

114.00

0.50

7.36

 

125.75

126.50

0.75

6.97

D10-404

104.00

105.50

1.50

8.08

including

104.50

105.00

0.50

15.15

D10-424

BIF Island Extension ? iron formation intersected, no values > 0.5 g/t Au

 

* Lengths are reported as core lengths. True widths are not known at this time.

 

The BIF Island Zone, an area of folded iron formation similar to the Horseshoe Zone, is located 3.5 kilometers northeast along strike from the Horseshoe Zone.  Drilling at BIF commenced on March 19, 2010 (March 24, 2010 news release) as part of a 10,000 meter program to extend known mineralization at BIF, as well as within the Horseshoe North and Red Mountain Zones, and to test other targets identified by the recently completed ground geophysical surveys (March 4, 2010 news release).  Initial drill results were reported in a May 08, 2010 news release in which holes intersected broad zones of gold mineralization containing high-grade cores. For additional information on drill hole locations and Merc?s drill program please visit Merc?s website www.mercinternational.ca.

 

Three holes were drilled at the Granite showing to test mineralized areas of iron formation 1,500 metres northeast of the Horseshoe Zone.  Although the holes were drilled below several surface showings with associated favorable geophysical responses, they failed to return significant mineralization.

 

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.

 

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 more information, please contact

Merc International Minerals Inc.

Dr. Michael Byron

705-560-2382

705-560-0765 (FAX)

info@mercinternational.ca

 

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...
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2/22/2011Grants 190,000 stock options to PR Firm
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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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