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Meritus Minerals Ltd New MERMF

"Meritus Minerals Ltd acquires, explores and develops mineral properties in Mongolia and Australia with a commodity focus on gold and base-metals."


GREY:MERMF - Post by User

Bullboard Posts
Post by millionvesteron Oct 19, 2010 5:07pm
457 Views
Post# 17584098

NEWS OUT

NEWS OUTMERITUS CONTINUES TO GET GOOD RESULTS FROM DRILLING AT GUATAIN DAVAA

Oct 19, 2010 (TheNewswire.ca via COMTEX News Network) --

(via Thenewswire.ca)

Vancouver, B.C.: Meritus Minerals Ltd. (MML) (TSX-V - MER) continues to obtain good results from its diamond drilling program of the Tordogiin Shil Prospect on its Gutain Davaa Project, Mongolia.

All four holes covered in this report encountered significant mineralization with TSD004 intersecting 30.70m of 3.92g Au/t including 2.70m of 14.44g Au/t and 5.10m of 12.09g Au/t.

Results from all four holes reported are listed in the table below.

It is considered particularly encouraging that of the seven holes for which assays have been received, each hole has contained at least one sample interval assaying over 10g Au/t.

GOLD ASSAYS FROM DIAMOND DRILLING
TURDOGIIN SHIL PROSPECT GUTAIN DAVAA
HOLENumber UTM GRID Azimuth Angle From To Width Gold/Au Gram/tonne
East North m m m
TSD004 311 064 065 -50 11.10 41.80 30.70 3.92
including 11.10 13.80 2.70 14.44
and 19.00 20.00 1.00 3.16
and 25.40 29.70 4.30 3.28
and 36.70 41.80 5.10 12.09
TSD005 295 055 065 -50 57.60 61.30 3.70 3.07
including 57.60 58.60 1.00 10.50
TSD006 320 047 065 -50 22.00 24.90 2.90 12.22
including from 23.90 24.90 1.00 31.10
and from 33.50 36.70 3.20 2.07
TSD007 298 033 065 -50 53.70 63.50 9.80 2.99
including from 53.70 56.70 3.00 7.50
which includes from 54.60 54.90 0.30 63.30
and from 63.00 63.50 0.50 10.70

Note:

i) Only last three figures of UTM Grid Reference given. Eastings preceded by 448, Northings by 5414 for full reference, ie., 448105/5414323
ii) Azimuth is in terms of True North
iii) Reported widths are drill intersection lengths

Drill core is transported from drill site to camp where it is logged and cut in half by diamond saw. One half of the core is retained for reference, the other half is sampled in approximately 1 metre intervals. Samples are transported to a laboratory in Ulaan Baatar, are crushed and completely pulverized to 90% passing 75 microns.

Two pulps are split from the pulverized sample. One set of pulps is retained by the laboratory for ICP analysis when required. The second set is forwarded to Meritus where sequentially numbered standards and blanks are included. This set of pulps is then forwarded to a second laboratory where fire assay for gold is carried out on a 30 gram charge. Finish is by AAS. Two standards and one blank are included with every 25 samples submitted. On receipt of results duplicates of selected pulps are forwarded to a third laboratory for check fire assay and to test the efficiency of the pulverization carried out by the preparation laboratory.

For the purpose of this release the qualified person is Terence E. Bates, MSc (Geol), the Company's Chief Executive Officer and President. All technical information in this release has been reviewed or compiled by Mr. Bates. Mr. Bates is a Fellow of the Australian Institute of Mining and Metallurgy, and is a qualified person as defined by NI 43-101.

Meritus Minerals Ltd (C.MER) is a mineral exploration company committed to building shareholder value through the acquisition of base and precious metal properties. For additional information, contact Richard Schnoor at 604 618-9327.

On Behalf of the Board of Directors

Meritus Minerals Ltd.

Terence E. Bates - CEO and President

Neither the 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 visit our website at: www.meritusminerals.com

Copyright (c) 2010 Thenewswire.ca - All rights reserved.

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