Meritus Intersects 12.00 Metres Of 7.53g Gold / Tonne At Gutain Davaa
Vancouver, B.C.: Meritus Minerals Ltd. (OOTC:MERMF) (TSXV:MER) (MML)(TSX-V - MER) has received analytical results from an additional eleven holes from its diamond drilling program on the Toordogiin Shil Prospect, Gutain Davaa Project in northern Mongolia.
Highlights from the eleven drill holes include:
a)TSD013 with 12.00m of 7.53gAu/t including 4.40m of 18.50g Au/t;
b)TSD021 with 13.80m of 3.67g Au/t;
c)TSD017 with 10.00m of 1.77g Au/t, and
These four holes were drilled into the footwall zone of the fault referred to in our previous news release of November 5th, 2010, now referred to as the Saddle Fault. Mineralization was intersected approximately as expected, and, as predicted, the mineralized zone dips in an easterly direction.
The drilling has confirmed the presence of faulting in the area in addition to the Saddle Fault. Displacement of the mineralized zone by these faults has led to some holes missing the target zone. However most of the holes which missed the main mineralization have intersected other geochemically gold anomalous zones, or narrow low grade mineralized zones that present additional targets.
TSD019, drilled south of the Saddle Fault on the eastern side of the main mineralized zone, intersected four close spaced narrow zones of mineralization, one of which assayed 7.21g Au/t over a core length of 1.4 meters. These mineralized zones do not appear to have been reached by holes TSD001 to TSD010 and may indicate the development of a new target zone.
Intersection widths are drill intersection widths and do not necessarily represent true widths. Marginal cut off grade for the main mineralized zones is 0.50g Au/t.
The weighted average grade for the intersections reported includes all internal waste.
GOLD ASSAYS FROM DIAMOND DRILLING TOORDOGIN SHIL PROSPECT GUTAIN DAVAA
Hole Number UTM GRID Azimuth Angle From To Width Gold
East North (m) (m) (m) g/tonne
TSD013 320 158 065 -45 55.00 57.00 12.00 7.53
including 62.60 67.00 4.40 18.50
which includes 64.60 65.90 1.30 54.87
TSD014 339 169 245 -60 30.00 32.00 2.00 0.54
TSD017 337 188 245 -45 92.00 102.00 10.00 1.77
Including: 92.00 95.25 3.25 3.6
and 100.00 102.00 2.00 2.92
TSD018 337 189 245 -60 84.90 89.00 4.10 0.32
TSD019 406 044 245 -50 13.00 14.00 1.00 1.74
17.00 18.00 1.00 1.11
23.00 24.00 1.00 0.45
38.60 40.00 1.40 7.21
TSD020 266 151 245 -50 36.00 38.00 2.00 0.68
40.00 43.00 3.00 0.58
51.00 57.45 6.45 0.30
57.45 64.00 6.55 3.55
including 57.45 58.00 0.55 17.62
Note: Hole ends in
TSD021 309 216 245 -50 87.20 101.00 13.80 3.67
TSD023 308 216 245 -63 115.20 117.10 1.90 10.50
TSD024 225 227 245 -45 22.60 27.00 4.40 2.42
31.00 35.00 4.00 2.99
TSD027 238 189 245 -45 11.00 14.00 3.00 0.44
47.00 49.00 2.00 1.17
81.40 82.00 0.60 7.99
TSD028 270 200 245 -50 99.00 102.60 3.60 4.77
i)Only last three figures of UTM Grid Reference given. Eastings preceded by 448, Northings by 5414 for full reference, ie., 448105/5414323
ii)Azimuth is in terms of True North
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 1metre intervals. Samples are transported to a laboratory in Ulaan Baatar and 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