www.mercinternational.ca
TORONTO, March 22, 2012 /CNW/ - Merc International Minerals Inc. ("Merc") (TSX Venture: MRK) is pleased to announce it has commenced its winter
2012 drilling program at its 100% owned Colomac Gold Property in the
Northwest Territories.
Highlights:
-
Merc has commenced its winter 2012 drill program at its Colomac Gold
Property by deploying two diamond drills. Merc expects to drill 5,000
metres in the winter program followed up by an additional 10,000 metre
drill program in the summer of 2012;
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Drills will test targets located within two high priority areas along
the 7 kilometre long Colomac Dyke;
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Drilling objectives are to verify historic reports of a high-grade gold
shoot at the Colomac Dyke South Zone, to confirm that gold
mineralization extends to depth below the previously mined main pit at
the Colomac Dyke Central Zone and to infill and expand the previously
reported NI 43-101 compliant resource; and
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Construction of a large capacity exploration camp has commenced at
Colomac, and is expected to be completed prior to the start-up of the
2012 summer drill program.
Following the receipt of its Land Use Permit, previously announced on
February 29, 2012, Merc began moving materials to Colomac on the
recently completed ice road. Construction of a large capacity
exploration camp is currently in progress and is scheduled to be
finished by early summer. The Colomac camp will become the main
facility supporting all future activities within Merc's Indin Lake Gold
Project area.
Both drills are currently drilling from ice setups on Baton Lake,
testing mineralization to depth within the host quartz-feldspar
porphyry dyke, (the Colomac Dyke). One drill will focus on infilling
and expanding the current resource, as well as exploring for the
presence of high-grade mineralized shoots below the main pit. The
second drill is located 2.5 kilometres south along the west shore of
Baton Lake. Drilling at this location will verify historical reports
of a high-grade gold shoot discovered within the Colomac Dyke South
Zone by Royal Oak Mines in 1997. This type of mineralization represents
a new opportunity at Colomac, as high-grade shoots were previously not
recognized or explored for, nor have they ever been included in any
previous Colomac resource calculation.