Mongolian Mineral Resources Council Accepts Gutain Davaa Gold Resource for Registration
Vancouver, B.C. Meritus Minerals Ltd. (MML) (TSX-V- MER) Meritus is pleased to advise that the high grade gold resource at the Toordogiin Shil Prospect on the Gutain Davaa Project has been accepted for registration by the Mongolian Mineral Resources Council after review and approval by a number of experts. Under the Mongolian system, which is required to be used for registration, the resource is classified as a B+C Resource of 3.17415 tonnes of gold at an average grade of 5.73gAu/t.
NOTE: Due to methodology used this resource is not compliant with NI 43-101 or JORC Code reporting standards.
The resource can be expressed in conventionally used language as approximately 550,000 tonnes grading 5.73gAu/t for 102,000 ounces of contained gold. The resource has been assessed on the basis that it only includes mineralization that could be available for underground mining.
Meritus is also pleased to advise that its new partners are making good progress with advancing the project
An Environmental Impact Assessment has been completed. This has been presented to the Ministry of Nature Environment Tourism and the local Soum (district) administration for their evaluation. Other activity of significance that benefits the project has been the extensive repairs carried out to the only bridge in this district across the Onon River to allow better access to the site. Our partners are also making considerable effort in explaining the project and its potential benefits to the local community and are reviewing with the local authorities methods by which the local community will benefit and can be involved in the project.
Preliminary discussions with the Mineral Resource Authority of Mongolia are underway with the objective of entering into a pre-mining agreement
On Behalf of the Board of Directors
Meritus Minerals Ltd
Terence E Bates CEO and President
For the purposes of this release the qualified person is Terence E Bates, MSc (Geology), the company's Chief Executive Officer and President. All technical information in this release has been compiled or reviewed by Mr Bates . Mr Bates is a Fellow of the Australasian Institute of Mining and Metallurgy and is a qualified person as defined by NI 43-101
Meritus Minerals Ltd (MER) is a mineral exploration company committed to building share holder value through the acquisition of base and precious metal projects with a focus on properties where significant grades of targeted commodities may be encountered. For additional information, contact Richard Schnoor at 604 618 9327
For further Information please email to: firstname.lastname@example.org
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.