Merck & Co Inc V.MRK

NEWS: Merc Intersects 15.85 Grams Gold Per Tonne O

[goldenTOE]

https://www.mercinternational.ca/newsReleases/2010/100518.html

May 18th, 2010
Merc International Minerals Inc. ("Merc") (TSXV: MRK) is pleased to report assay results on the first eight drill holes from its 2010 winter exploration program at the Damoti Lake Gold Project, Northwest Territories.
The eight reported holes tested shallow targets to a maximum vertical depth of 150 metres, and represent Merc’s first drilling on the BIF Island Zone, an area of folded iron formation located 3.5 kilometers northeast along strike from the Horseshoe Zone. Reported holes intersected broad zones of mineralization containing high-grade cores, including Hole D10-397 which returned 4.76 grams gold per tonne over 28.15 meters, including 15.85 grams gold per tonne over 7 meters and 40.19 grams gold per tonne over 2.0 meters. In addition, Hole D10-396B returned 5.81 grams gold per tonne over 22.50 meters, including 10.53 grams gold per tonne over 10.25 meters and 25.66 grams gold per tonne over 3.0 meters.

Drilling commenced March 19, 2010 (March 24, 2010 news release) with two rigs on a 10,000 meter program to confirm and expand the mineralization at BIF Island, to extend known mineralization 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). For additional information on drill hole locations and the Company’s drill program please visit the Company’s website www.mercinternational.ca.

Activities began at BIF Island Zone with the drilling of sections to validate a new geological model for gold mineralization and to better define the extent of the host iron formation. Holes D10-394, 394B and 394C, all drilled in the same section, confirmed the presence of strong mineralization within the keel of the folded iron formation and established continuity of mineralization between sections, something that was previously lacking. Drilling has also extended the iron formation to greater depth, thus opening up new target areas. Holes D10-396, 396B and 396C, extended the width of the iron formation and demonstrate lateral continuity of gold mineralization. An additional 11 holes have been completed within the BIF Island mineralized corridor, the results of which are pending.

Dr. Michael Byron, President and CEO of Merc commented, “We are over half-way through the winter drill program and are excited with the progress to date. Drilling within the BIF Island corridor is completed and we are now testing targets within the Red Mountain and Horseshoe areas. Our recently completed geophysical surveys have also identified a previously unexplored iron formation 200 metres to the east of the Horseshoe Zone. Its trend and geophysical characteristics closely resemble those of the Horseshoe Zone. We look forward to exploring this new area.”