MERITUS RECEIVES RESULTS OF UP TO 231.2g Au/t FROM FLOAT SAMPLES AT MONGOLIAN GOLD PROJECT
Vancouver, B.C.: Meritus Minerals Ltd. (MML) (C-MER) (the "Meritus" or "Company") is pleased to announce that it has now received results from recent sampling at the Gutain Davaa Project in Mongolia. An independent consultant, who is preparing a NI 43-101 report to satisfy the requirements of the TSX Venture Exchange, and Meritus staff collected samples from the Toordogiin Shil and Toordogiin Hayr Prospects at Gutain Davaa during a recent visit.
At Toordogiin Shil Prospect the independent consultant collected 12 rock chip grab samples from sub outcrop and float to compare with previous sampling by Troy Resources Ltd. (C.TRY) ("Troy") and two were collected by Meritus. Nine of these samples contained significant gold and returned assays between 0.99g and 161.6g Au/t.
At Toordogiin Hayr Prospect, Meritus collected eight samples and the consultant two. All were float collected from a ridge top where exposure was poor. Three of these samples gave very high gold grades of 115.97g Au/t; 125.69g Au/t; 231.28g Au/t respectively. With these 10 samples and the 9 float samples previously collected by Troy, 8 of them have given gold assays between 115.97g Au/t and 542.4g Au/t, and three have returned values between 0.10g Au/t and 1.0g Au/t.
There has thus been an unusually high percentage (42%) of very high-grade gold bearing samples (+100g Au/t) collected from this area.
Grab and float samples are selective by nature and are unlikely to represent the average grade of mineralization at these prospects.
The samples were assayed by Actlabs Asia LLC in their laboratory in Ulaan Baatar, Mongolia, by Fire Assay using a 50gram charge and AAS finish.
A camp will be established in the area and drilling of the Toordogiin Shil Prospect will commence as soon as access dries out probably by the end of June. The Toordogiin Hayr Prospect will be the focus of surface work to locate and define the source of the high grade float samples. The float is on a broad ridge top in an area where there is no outcrop. Additional soil geochemistry, float sampling, trenching and possibly geophysics will be used to better define drill targets. Some drilling will take place on the Toordogiin Hayr prospect during the upcoming drilling program at Toordogiin Shil Prospect.
Meritus Minerals Ltd (C.MER) is a mineral exploration company committed to building shareholder value through acquisition of base and precious metal properties. For additional information, contact Richard Schnoor at 604 618-9327.
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 the purpose of this release the qualified person is Terence E. Bates, MSc (Geol) the Company's CEO and President. All technical information in this release has been reviewed or compiled by Mr. Bates. Mr. Bates is a fellow of the Australian Institutive of Mining and Metallurgy and a qualified person as defined by NI 43-101.
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
At Toordogiin Shil Prospect the independent consultant collected 12 rock chip grab samples from sub outcrop and float to compare with previous sampling by Troy Resources Ltd. (C.TRY) ("Troy") and two were collected by Meritus. Nine of these samples contained significant gold and returned assays between 0.99g and 161.6g Au/t.
At Toordogiin Hayr Prospect, Meritus collected eight samples and the consultant two. All were float collected from a ridge top where exposure was poor. Three of these samples gave very high gold grades of 115.97g Au/t; 125.69g Au/t; 231.28g Au/t respectively. With these 10 samples and the 9 float samples previously collected by Troy, 8 of them have given gold assays between 115.97g Au/t and 542.4g Au/t, and three have returned values between 0.10g Au/t and 1.0g Au/t.
There has thus been an unusually high percentage (42%) of very high-grade gold bearing samples (+100g Au/t) collected from this area.
Grab and float samples are selective by nature and are unlikely to represent the average grade of mineralization at these prospects.
The samples were assayed by Actlabs Asia LLC in their laboratory in Ulaan Baatar, Mongolia, by Fire Assay using a 50gram charge and AAS finish.
A camp will be established in the area and drilling of the Toordogiin Shil Prospect will commence as soon as access dries out probably by the end of June. The Toordogiin Hayr Prospect will be the focus of surface work to locate and define the source of the high grade float samples. The float is on a broad ridge top in an area where there is no outcrop. Additional soil geochemistry, float sampling, trenching and possibly geophysics will be used to better define drill targets. Some drilling will take place on the Toordogiin Hayr prospect during the upcoming drilling program at Toordogiin Shil Prospect.
Meritus Minerals Ltd (C.MER) is a mineral exploration company committed to building shareholder value through acquisition of base and precious metal properties. For additional information, contact Richard Schnoor at 604 618-9327.
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 the purpose of this release the qualified person is Terence E. Bates, MSc (Geol) the Company's CEO and President. All technical information in this release has been reviewed or compiled by Mr. Bates. Mr. Bates is a fellow of the Australian Institutive of Mining and Metallurgy and a qualified person as defined by NI 43-101.
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
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