Meritus to commence winter diamond drilling program at Gutain Davaa, Mongolia
Vancouver, B.C.: Meritus Minerals Ltd. (MML) (TSX-V - MER | PowerRating) (the 'Company") announces that it expects to commence a winter drilling program at its Toordogiin Shil Project on the Gutain Davaa Property in Mongolia in the next few days.
The program will consist of approximately 20 holes and a minimum of about 2000 metres and may be extended depending on results.
Since completing the initial program in the middle of November, staff have been on field break and the company's and the contractor's camp facilities have been upgraded to deal with the winter conditions. All necessary equipment has been transported to site and site preparation for the first holes of this program is underway. Receipt of assays from the last six holes in the previous program are not expected to be available before the end of the year.
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 (toll free 866-637-5138)
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
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
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.
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such factors include, among others, the actual price of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador.
Copyright (c) 2010 Thenewswire.ca - All rights reserved.
For full details on (MER) MER. (MER) has Short Term PowerRatings at TradingMarkets. Details on (MER) Short Term PowerRatings is available at This Link.
For full details on (MERMF) MERMF. (MERMF) has Short Term PowerRatings at TradingMarkets. Details on (MERMF) Short Term PowerRatings is available at This Link.
The program will consist of approximately 20 holes and a minimum of about 2000 metres and may be extended depending on results.
Since completing the initial program in the middle of November, staff have been on field break and the company's and the contractor's camp facilities have been upgraded to deal with the winter conditions. All necessary equipment has been transported to site and site preparation for the first holes of this program is underway. Receipt of assays from the last six holes in the previous program are not expected to be available before the end of the year.
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 (toll free 866-637-5138)
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
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
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.
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such factors include, among others, the actual price of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador.
Copyright (c) 2010 Thenewswire.ca - All rights reserved.
For full details on (MER) MER. (MER) has Short Term PowerRatings at TradingMarkets. Details on (MER) Short Term PowerRatings is available at This Link.
For full details on (MERMF) MERMF. (MERMF) has Short Term PowerRatings at TradingMarkets. Details on (MERMF) Short Term PowerRatings is available at This Link.
Comments
Post a Comment