Mercer Gold Corporation MRGP

MRGP side of mountain has 10 million ozs too?

[Goldbullpow]

Drilling hnews is out and we will begin to find out if the side of the mountain without the town has 10 million ozs too!!!
Mercer Gold Commences Drilling at Guayabales Gold Project, Colombia
10/20/2010 11:46 AM - PR Newswire

DENVER, Oct 20, 2010 /PRNewswire via COMTEX News Network/ --

Mercer Gold Corporation ("Mercer Gold" or the "Company") (OTCQB: MRGP, Frankfurt:AN4) announces that drill equipment has been mobilized and is on site at its Guayabales gold project. The contractor for the drill program is Logan Drilling Colombia S.A.S and the program is expected to continue until January 2011.

Drill holes MGDH 01 and 02 are scheduled to drill from the same pad with proposed depth to 150 meters at 45 degrees azimuth and 290 meters at 70 degrees azimuth, respectively. The first five holes scheduled are to test the known Encanto zone and specifically the structures in the Cacica mine.

"We are excited to have mobilized the equipment and finally have it onsite," said Rahim Jivraj, President and CEO of Mercer Gold Corporation. "After a lot of basic work and based on our encouraging exploration results to date, I look forward to results from this program. We anticipate leveraging the results from this program toward a significantly larger, more comprehensive 25,000 meter program early next year."

Approximately 2,000 meters of drilling was completed on the Guayabales property in 2008 by its previous option holder with work primarily focused on the Encanto Zone.

Mercer Gold acquired the option in April 2010. Since that time, a program of mapping, soil sampling and rock chip sampling has led to several new interesting targets. The Company reported a 1 meter channel sample in an area previously unexplored, which yielded a 57 ounce per tonne Ag value. The recent assay results from geochem soil samples returned up to 4.89 ppm Au confirming and delineating previous anomalies, and significantly broadened the original zone of interest at the Encanto Zone. The results also indicated three new targets: the Parallel Zone, Porphyry Target and SW Epithermal Target (click here for map.)

The objective of the current program is to drill 5,000 meters to investigate epithermal and porphyry targets at Guayabales. Subject to its results, a 25,000 meter drill program is scheduled to commence in early 2011.

[Goldbullpow]

Hey mountainofgold, spoke to IR this morning and as far as getting the word out they have a booth at the New Orleans Investment conference this week and the Pres is doing a speech. Thay are also going to have a booth at the SanFrancisco show in Nov. Apparently the New Orleans show is great for retail investors and is 4 days long.ps. I like your name, Mountain of Gold- it's appropraite for MRGP

[Goldbullpow]

Have a buddy who went to see Mercer at the show, said it was a pretty slick presentation, very impressed. He said he felt like he had just been presented with the biggest gold opportunity of all time after a visit to the booth. Mentioned that the QB from the New Orleans Saints had signed a football that Mercer gave away as a door prize. The market looked a little better today.

[Goldbullpow]

They are at the San Francisco show in a couple of weeks on Nov. 21-22. There is a schedule at their website. I agree that this is a no brainer. Speaking of well endowed, if one side of a mountain has 10 million ozs already ( they think they have 15 million) then the other side with the same dirt, rocks (same mountain!) is likely gonna be pretty well endowed as well. Long way to go here!