Going for 3 MOz"Additional drilling and exploration work is planned and is contingent upon the incorporation of the present drill results into an expanded geological model to assist in target generation and evaluation."
MRK has a market cap just over 3 (yes, THREE) million dollars... which is surreal. Michael Byron knows how to unlock value for share holders.. just look what he did with Lake Shore Gold.
https://www.mercinternational.ca/projects/damoti.html
Recent 2009/2010 results:
38.50 m @ 3.24 g/t
22.50 m @ 5.81 g/t
28.15 m @ 4.76 g/t
23.50 m @ 13.91 g/t
22.30 m @ 9.31 g/t
151.4 m @ 1.64 g/t
20.00 m @ 5.60 g/t
Merc International Minerals Inc. is a Canadian mineral exploration company focused on advancing its Damoti Lake Gold Project in the NT. The Damoti Lake Gold Project hosts a significant historic high-grade gold resource that the Company is in the process of expanding and upgrading to a 43-101 compliant resource.
Merc’s goal is to outline 6 to 10 million tonnes grading 9 to 15 g/t gold along strike, in parallel structures and at depth, and advance the Damoti Lake Gold Project towards a 3 million ounce gold resource, making it comparable to other northern Canadian iron formation hosted gold mines/deposits