Meritus Minerals Announces Diamond Drilling Proposed at Three areas at Gutain Davaa, Mongolia
Vancouver, B.C.: Meritus Minerals Ltd. (MML) (TSX-V - MER) advises that strongly anomalous soil sample assay results have been received for three new prospect areas and a detailed petrological report on the gold mineralization at the Toordogiin Shill Prospect has been received.
Statistical analysis of soil sampling from Toordogiin Hyar, Baits Uul, East and Fluorite prospects indicates that soil gold values above 10ppb gold are probably anomalous, and values above 20ppb gold certainly are. This interpretation is consistent with the gold content in drill core from the Toordogiin Shil Prospect.
At Toordogiin Hyar soil sampling has defined an anomalous zone over 300m long with a peak soil value of 2550ppb Au. The zone coincides with numerous high grade oxidized vein quartz/sulphide float, and altered limonitic granite float which have returned gold assays up to 542g Au/t (previously reported). Sites for four diamond drill holes have been prepared to carry out initial testing of this high quality target.
At Baits Uul soil sampling has defined a gold anomalous zone about 250m long in an area of very poor rock outcrop. The zone appears to coincide with a fractured altered and quartz veined contact zone between granitic rocks and metasediments. Sites have been selected for three drill holes in this area.
At East Prospect as previously reported a number of float samples of vein quartz have returned assays between 1 and 23g Au/t. Outcrop is poor but the extensive scree suggests the underlying geology is largely fine grained altered granitic rock with quartz veins. Soil sampling has defined two linear sub parallel gold in soil anomalies 500m and 450m long. A substantial area of anomalous gold in soil between these two zones may indicate cross fracturing in the host rock. Sites for four diamond drill holes have been selected. Diamond drilling of these three targets will commence as soon as a contractor and adequate financing are available.
The recently received petrological report classifies the Toordogiin Shil Prospect mineralization as an Intrusion Related subtype of Orogenic Gold-Copper Mineralization. The interpretation of the general geological history of the area is that initially finely bedded to laminated sediments were subject to regional scale lower greenschist facies metamorphism. During ongoing deformation the emplacement of intrusives of granitic to quartz monzonite composition raised metamorphic temperatures creating aureoles of low pressure and moderate to high temperature metamorphism of greenschist and hornblende hornfels facies. Igneous and metasomatic fluids deposited quartz veins containing pyrrhotite and pyrite accompanied by chalcopyrite and native gold in ductile deformation zones within and marginal to the intrusive. With cooling, probably due to uplift, continual hydrothermal fluid flow caused retrograde metamorphism. Remobilization of gold in this tectonic and hydrothermal over-printing regime has been minimal. A weak late stage epithermal event has over printed some parts of the system but has not affected gold distribution.
The recognition of the gold deposit as being intrusive related significantly increases the prospectivety of the general area as all the widespread contact zones between the metasediments and granitoids can be considered prospective exploration targets.
Recent work indicates that both the Toordogiin Hyar and Baits Uul prospects occur in similar situations.
A bulk sample of oxidized surface material from the Toordogiin Shil Prospect has been submitted for metallurgical testing.
The Company is pleased to advise that it has appointed a lead Mongolian consultant to guide the applications for mining licences under Mongolian legislation through the various hearings that are required.
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
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