MERITUS TO DRILL 3000 METERS AT MONGOLIAN GOLD PROJECT
Vancouver, B.C.: Meritus Minerals Ltd. (MML) (TSX-V - MER) Meritus Minerals Ltd is pleased to announce that it has entered into a drilling contract to test its high grade gold project in Mongolia. The contractor has commenced mobilization to the site at Gutain Davaa. He is establishing the camp, constructing access roads to the drill sites and preparing the initial drill pads. Drilling will commence once this work is complete. The program will consist of from 32 to 35 HQ size diamond drill holes for a total of approximately 3000 meters.
"This program is expected to provide information on the nature of controls on the Toordogiin Shil gold deposit and also on grade distribution", states CEO and President Terry Bates.
The initial holes will be drilled close to the reverse circulation holes drilled by former owner Troy Resources Ltd (C.TRY). Several Troy holes intersected wide near surface zones of high grade gold mineralization such as 23 m of 11.42 g Au/t, 15 m of 15.09 g Au/t, 2.4 m of 55.23 g Au/t. The purpose of these initial holes is to better define the extent and geological structures containing the gold mineralization and this will enable better placement of subsequent holes.
The program will take about two months to complete and results from the initial holes should become available about mid-August.
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
"This program is expected to provide information on the nature of controls on the Toordogiin Shil gold deposit and also on grade distribution", states CEO and President Terry Bates.
The initial holes will be drilled close to the reverse circulation holes drilled by former owner Troy Resources Ltd (C.TRY). Several Troy holes intersected wide near surface zones of high grade gold mineralization such as 23 m of 11.42 g Au/t, 15 m of 15.09 g Au/t, 2.4 m of 55.23 g Au/t. The purpose of these initial holes is to better define the extent and geological structures containing the gold mineralization and this will enable better placement of subsequent holes.
The program will take about two months to complete and results from the initial holes should become available about mid-August.
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
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