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Meritus Intersects 105.00g Au/tonne Over 0.80m & 16.88g Au/tonne Over 4.00m At Gutain Davaa

Vancouver, B.C.: MeritusMinerals Ltd. (MML) (TSX-V – MER) has received assay results from another five drill holes from the winter drilling program at Gutain Davaa, Toordogiin Shil Prospect.

Hole TSD045 intersected five distinct mineralized zones and several other zones of anomalous gold over its length of 224m. Most substantial are 2.00m of 44.04g Au/tonne, including 0.80m of 105.00g Au/tonne; 9.00m of 7.68g Au/tonne including 4.00 m of 16.88g Au/tonne, and 12.90m of 2.62g Au/tonne. The hole ended in a strongly anomalous zone and indications are that mineralization may persist to greater depths.

Hole TSD044 intersected 9.00m of 2.40g Au/tonne and other anomalous zones.

Hole TSD046, TSD047, TSD048 were drilled to shallow depths northwest of holes TSD044 and TSD045 and failed to intersect significant mineralized zones.

Results from previously reported holes TSD026, TSD042 and TSD043 and currently reported holes TSD044 and TDS045 suggest that there is a strongly mineralized zone plunging steeply northeast. TSD046, 47, 48 are shallow holes and overshot this zone.

Results for the five holes are given in the table below.

 

GOLD ASSAYS FROM DIAMOND DRILLING

TOORDOGIIN SHIL PROSPECT GUTAIN DAVAA

HOLE

UTM

GRID

Azimuth

Angle

Hole Depth

From

To

Width

Assay

Number

East

North

 

 

(m)

(m)

(m)

(m)

Au/tonne

TSD044

261

290

265

-55

179.00

84.00

86.00

2.00

0.25

 

 

 

 

 

 

93.00

94.00

1.00

1.09

 

 

 

 

 

 

102.00

108.00

6.00

0.13

 

 

 

 

 

 

114.00

123.00

9.00

2.40

 

 

 

 

 

 

136.00

138.00

2.00

0.21

TSD045

262

290

265

-65

224.00

16.00

17.00

1.00

9.03

 

 

 

 

 

 

24.00

28.00

4.00

0.79

 

 

 

 

 

 

103.70

110.10

6.40

0.22

 

 

 

 

 

 

118.10

120.10

2.00

44.04

 

 

 

 

 

including

119.30

120.10

0.80

105.00

 

 

 

 

 

 

133.00

145.90

12.90

2.62

 

 

 

 

 

including

145.30

145.90

0.60

47.00

 

 

 

 

 

 

145.90

150.00

4.10

0.16

 

 

 

 

 

 

173.00

174.00

1.00

0.36

 

 

 

 

 

 

181.00

185.00

4.00

2.04

 

 

 

 

 

 

210.00

214.00

4.00

0.20

 

 

 

 

 

 

214.00

223.00

9.00

7.68

 

 

 

 

 

including

214.00

218.00

4.00

16.88

 

 

 

 

 

 

218.00

223.00

5.00

0.32

TSD046

210

310

265

-45

100.00

81.70

87.00

5.30

0.17

 

 

 

 

 

 

96.00

99.00

3.00

0.21

TSD047

280

345

265

-45

100.00

88.00

89.00

1.00

1.73

TSD048

111

301

265

-45

100.00

16.00

17.00

1.00

0.20

 

 

 

 

 

 

88.00

91.00

3.00

0.22

 

Note:

i)        Only the last three figures of the UTM Grid References are given. For full reference. Eastings preceded by 448, Northings by 5414. Full reference 448105/5414320.

ii)      Azimuth is in terms of True North

iii)    Reported widths are drill intersection lengths

Assays are pending for the remaining nine drill holes completed during the recently completed winter drill program.

SAMPLING PROCEDURE

Drill core is transported from drill site to camp where it is logged. It is then transported to Ulaan Baatar to a newly established facility for cutting. There the core is cut in half by diamond saw. One half of the core is retained for reference, the other half is sampled in approximately one 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. 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 (toll free 866-637-5138). 

On Behalf of the Board of Directors

Meritus Minerals Ltd.

Terence E. Bates - CEO and President

For further Information please visit our website at: www.meritusminerals.com         

The TSX Venture Exchange has not reviewed and does not accept Responsibility for the adequacy or accuracy of this release. Forward-looking statements in this release are made pursuant to the ‘safe harbor’ provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such factors include, among others, the actual price of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador.

 

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