Merc International Minerals Inc. announced it has embarked on a strategic and extensive expansion program to grow its gold exploration property portfolio in the Northwest Territories, Canada, through staking and property acquisitions. The program is to enlarge its area of influence beyond its existing Damoti Lake Gold Project.
Merc International Minerals Inc. announced results on the remaining 13 drill holes from the recently completed 2010 drill program at its Damoti Lake gold project, Northwest Territories, Canada. Highlights include hole D10-416C which intersected 1.50 m of 7.27 g/t gold from 162.0 m, including 0.50 m of 12.25 g/t gold. Drilling results demonstrated the extension of the mineralized zones near surface and opening up the northern portions of the Red
Mountain and Horseshoe Synclines.
Merc International Minerals announced results on seven additional drill holes from the Damoti Lake project, Northwest Territories, Canada. All holes were collared within the eastern limb of the Red Mountain syncline, located 125 m west of the Horseshoe syncline and its associated high-grade gold mineralization. Highlights include Hole D10-416B which returned 16.12 g/t gold over 8.0 m, including 60.25 g/t gold over 1.5 m, and Hole D10-416B which intersected extensive mineralization extending from near-surface, returning a composite grade of 1.64 g/t gold over 151.40 m.
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