Merc International Minerals Inc TSXV:MRK announced assays from its Indin Lake Gold Project in the Northwest Territories. Results include
65.35 g/t gold over 3 metres
(including 193.75 g/t over 1 metre)
12.9 g/t over 5.2 metres
(including 22.12 g/t over 2.9 metres)
1.14 g/t over 33.8 metres
(including 4 g/t over 2.5 metres)
8.84 g/t over 5.5 metres
(including 18.2 g/t over 2.4 metres)
2 g/t over 12 metres
(including 3.9 g/t over 5.2 metres)
President/CEO David Wiley tells ResourceClips.com, “We’re obviously very pleased with today’s results. There’s been historic work there that gives every indication that there’s up to a 10-kilometre strike length with very high-grade material, so we focused most of our work at the Diversified and North Inca areas with an 11,000-metre program. In this case, we’ve stepped out, and we’re very happy to find that hole located between the two areas with three metres of 65 grams.
If you picked it up and put it in Kirkland Lake or Red Lake or Timmins or anywhere else, you wouldn’t find a junior with that kind of property package that’s so highly prospective—David Wiley
“It’s a great area. Historically, there’s been lots of work done. We’ve got about 210,000 acres [85,000 hectares] up there.
“Last summer we did an airborne survey where we flew the entire 210,000 acres. We raised $9.25 million last April, and we’ve spent the time since then drilling the 11,000 metres, doing the airborne survey and sending out crews doing general prospecting and ground sampling. Our focus has been to stay in the Leta Arm Corridor, which is the Diversified-North Inca area, with the drill. But we’ve had prospectors out scouring the entire property. We’ve had fantastic grades at surface; we’ve had fantastic drilling results. We think it’s the most under-explored greenstone belt you’re going to find. I think that if you picked it up and put it in Kirkland Lake or Red Lake or Timmins or anywhere else, you wouldn’t find a junior with that kind of property package that’s so highly prospective. I think it’s just been overlooked,” he says.
“It’s about 200 kilometres north of Yellowknife. There’s an ice road in the winter and an airstrip too. We’ve got a campground that we built a few years ago. Last summer we had 43 or 44 people there. Between drillers, prospectors, stakers, everyone else, we’ve been pretty busy this past summer.
“We’ll probably get going again in February, and we close up shop by the end of October,” Wiley adds.
“We’ll build a resource over the next phase or two of the program. Given the grades and what we’re seeing—it’s open in all directions—there’s nothing telling us this isn’t a very large system. We hope to see the resource out around April or a little later.
“We’re very excited about it,” he emphasizes. “It’s a great opportunity, especially for a junior. You don’t see many juniors that get this size of an opportunity. We’ve got a great shareholder base, and they’re all very supportive of the story. So I think we’re in good shape.”
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Merc International Minerals Inc
by Greg Klein