Sunday 11th December 2016

Resource Clips


Posts tagged ‘Merc International Minerals Inc (MRK)’

Merc Int’l President David Wiley on NWT gold assays of 65.35 g/t over 3m

November 22nd, 2011

Resource Clips - essential news on junior gold mining and junior silver miningMerc 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.”

View Company Profile

Contact:
Merc International Minerals Inc
647.260.1247

by Greg Klein

Merc International reports NWT Gold Results as high as 65.35 g/t over 3m

November 21st, 2011

Resource Clips - essential news on junior gold mining and junior silver miningMerc 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.”

View Company Profile

Contact:
Merc International Minerals Inc
647.260.1247

by Greg Klein

Merc reports NWT Gold Assays including 6.08 g/t over 16.9m

September 6th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningMerc International Minerals Inc TSXV:MRK announced results from its Indin Lake Gold Project in the Northwest Territories. Highlights include 6.08 g/t gold over 16.9 metres (including 22.07 g/t over 3.4 metres), 2.29 g/t over 37 metres (including 4.2 g/t over 16.5 metres), 16.36 g/t over 4.8 metres (including 122.5 g/t over 0.5 metres) and 14.03 g/t over 3.2 metres (including 40.9 g/t over 0.5 metres).

President/CEO David Wiley remarked, “These drill results move Merc one step closer to being able to define an ore body within a mineralized corridor spanning at least 10 kilometres. We have stepped out a considerable distance from the Phase I collars and intersected new zones containing parallel veins of substantial widths to previously known mineralization. Furthermore, the intersection of mineralization at the historic #3 Deposit advances Merc’s belief that the Diversified and North Inca deposits are part of the same structure and are connected along strike. In the coming weeks we will continue to report additional drill assays as they are received, while our technical team works to update geological models and interpret the results.”

View Company Profile

Contact:
David Wiley
President/CEO
647.260.1247

by Greg Klein