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Meritus Intersects Two New Gold Mineralized Horizons at Gutain Davaa

Vancouver, B.C.: Meritus Minerals Ltd. (MML) (TSX-V – MER) advises that it has received assay results from the first six holes in the recently completed 2,500m winter drilling program.

Hole TSD042 intersected 18.00m of 1.47g Au/tonne, which includes 2.00m of 7.35g Au/tonne.  Hole TSD043 intersected four significantly mineralized horizons between 92.00 and 198.00m down hole.  The best of these is 6.00m of 2.17g Au/tonne and includes two zones, each 0.30m thick that assayed 12.25 and 15.15g Au/tonne respectively.

These results are considered most encouraging as they demonstrate that:

  1. Gold mineralization, including high grade zones, extends over a vertical range of at least 215 metres (from RL1610 down to RL1395);
  2. The persistence of high grade zones within mineralized horizons; and
  3. At least two and possibly three new zones of mineralization have been identified in TSD043, thus providing additional targets at depth for future drilling.

Processing the core from the remaining 15 holes completed in the program is continuing in a new core cutting facility established in Ulaan Baatar.

Because most core is very strongly silicified, and therefore very hard, progress is slow.  It is unlikely that assaying of all core from these holes will be completed before mid April. 

Holes TSD038 and TSD039, drilled on the same section 280 metres south of the main mineralized zone, both intersected a barren unmineralized sequence of meta-sediments.  Holes TSD040 and TSD041 drilled from the same site southeast of the main mineralized zone failed to intersect significant mineralization

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
TSD038
374
756
080
-45
79.00
 
No
Significant
Assays
TSD039
464
765
260
-45
46.00
 
No
Significant
Assays
TSD040
426
004
245
-50
88.00
12.00
13.00
1.00
0.21
TSD041
426
004
245
-60
126.00
 
No
Significant
Assays
TSD042
301
263
248
-55
202.00
103.30
104.30
1.00
0.60
 
 
 
 
 
 
122.00
140.00
18.00
1.47
including
 
 
 
 
 
122.00
124.00
2.00
1.20
and
 
 
 
 
 
129.00
131.00
2.00
7.35
and
 
 
 
 
 
135.00
137.00
2.00
3.91
TSD043
301
263
248
-65
220.00
92.00
93.00
1.00
1.52
 
 
 
 
 
 
105.80
108.10
2.30
2.85
 
 
 
 
 
 
121.00
122.00
1.00
0.21
 
 
 
 
 
 
122.00
128.00
6.00
2.17
including
 
 
 
 
 
124.10
124.40
0.30
12.15
and
 
 
 
 
 
127.70
128.00
0.30
15.10
 
 
 
 
 
 
188.00
191.00
3.00
0.45
 
 
 
 
 
 
195.00
198.00
3.00
1.60

Note:

  1. Only the last three figures of the UTM Grid References are given for full reference. Eastings proceeded by 448, Northings by 5414 (except 38, 39 Northings 5413). Full reference 448105/5414320.
  2. Azimuth is in terms of True North
  3. Reported widths are drill intersection lengths

Compilation of data obtained from the first drilling program continues and with the addition of data from the winter program will enable the selection of sites for the initial holes of a new drilling program to commence in the spring.

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 (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.

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