Meritus Drills 28.6 Meters Of 8.78 Grams Of Gold Per Tonne At Gutain Davaa, Mongolia (Audio Enhanced)
Vancouver, B.C. Meritus Minerals Ltd. (TSXV:MER) (TSX-V.MER) Meritus Minerals Ltd. has obtained very encouraging assay results from the first three holes in the 3,000m diamond drill program on the Tordogiin Shil Prospect on its Gutain Davaa Project in Mongolia.
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Richard Schnoor, Corporate Communications Director says the results are drawing attention:
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All three holes encountered substantial widths of strong gold mineralization. Hole #TSDD 002 intersected 23.41 g Au/t over 8.80m including 62.82 g Au/t over 3.00m within a larger gold-bearing interval that averaged 8.78 g Au/t over 28.60 meters.
The other two diamond drill holes returned intersects of 8.05 g Au/t over 10.70m and 4.39 g Au/t over 7.30 meters. All reported intersects, tabulated below, and are near surface.
GOLD ASSAYS FROM DIAMOND DRILLING OF TORDOGIIN SHIL PROSPECT AT GUTAIN DAVAA
Hole ID UTM GRID Azimuth Angle From (m) To (m) Width (M) Grade Gold g/t
TSDD 001 302 100 65 -45 7.00 14.30 7.30 4.39
Including 12.00 14.30 2.30 10.91
TSDD 002 284 93 65 -55 33.20 61.80 28.60 8.78
Including 33.20 42.00 8.80 23.41
which includes 35.00 38.00 3.00 62.82
and 52.00 61.80 9.80 4.06
TSDD 003 283 73 65 -50 47.80 58.50 10.70 8.05
Including 54.50 58.50 4.00 16.90
i) All UTM Grid Reference is abbreviated. For Easting's add 448 in front, for Northing's add 5414 in front for full reference.
ii) Azimuth is in terms of True North
iii) Reported widths are drill intersection lengths
To speed up the program, and because of encouraging initial results, a second rig has been moved to site. This should allow completion of the program by mid October as initially planned.
Core from another six completed diamond drill holes have been delivered to the laboratory in Ulaan Bataar. Meritus anticipates drilling about 20 more holes at the Gutain Davaa Project over the next month or so and will continue to report results on a timely basis.
Surface work to access drill sites has exposed a high grade quartz vein, now known as the "Ninja Vein". This vein, which is only partially exposed, has now been sampled in four locations, one of which was previously reported (11/Aug/2010).
All results of sampling of this vein appear below. (From South to North)
i) Initial result. Reported 11/Aug/2010 1.80m 146.6 g Au/t
ii) 10m further north on vein (i)-new 1.39m 113.4 g Au/t
iii) 10m further north on vein (ii)-new .80m 122 g Au/t
iv) 5m further north on vein (iii)-new .50m 167 g Au/t
Drill core is transported from drill site to camp where it is logged and cut in half by diamond saw. One half of the core is retained for reference, the other half is sampled in approximately 1 metre intervals. Samples are transported to a laboratory in Ulaan Baatar, are crushed and completely pulverized to 90% passing 75 microns.
Two pulps are split from the pulverized sample. One set of pulps is retained by the laboratory for ICP analysis when required. The second set is forwarded to Meritus where sequentially numbered standards and blanks are included. This set of pulps is then forwarded to a second laboratory where fire assay for gold is carried out on a 30 gram charge. Finish is by AAS. Two standards and one blank are included with every 25 samples submitted. On receipt of results duplicates of selected pulps are forwarded to a third laboratory for check fire assay and to test the efficiency of the pulverization carried out by the preparation laboratory.
For the purpose of this release the qualified person is Terence E. Bates, MSc (Geol), the Company's Chief Executive Officer and President. All technical information in this release has been reviewed or compiled by Mr. Bates. Mr. Bates is a Fellow of the Australian Institute of Mining and Metallurgy, and is a qualified person as defined by NI 43-101.
Meritus Minerals Ltd (C.MER) is a mineral exploration company committed to building shareholder value through the acquisition of base and precious metal properties. For additional information, contact Richard Schnoor at 604 618-9327.
On Behalf of the Board of Directors
Meritus Minerals Ltd.
Terence E. Bates - CEO and President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further Information please visit our website at: www.meritusminerals.com