Merc International Minerals Inc. is a Canadian mineral exploration company focused on advancing its Damoti Lake Gold Project in the NT. The Damoti Lake Gold Project hosts a significant historic high-grade gold resource that the Company is in the process of expanding and upgrading to a 43-101 compliant resource.

Merc’s goal is to outline 6 to 10 million tonnes grading 9 to 15 g/t gold along strike, in parallel structures and at depth, and advance the Damoti Lake Gold Project towards a 3 million ounce gold resource, making it comparable to other northern Canadian iron formation hosted gold mines/deposits.

Damoti Lake Gold Project

Fortune Minerals relocating Golden Giant Mine gold mill from Hemlo, Ontario to Fortune Minerals Nico gold deposit located within 100 km of Merc’s Damoti Lake Gold Project.

200 km north of Yellowknife, NT. Over 4,391 hectares of land contained in 6 mining leases and 5 mining claims. Merc holds a 100% interest in the mining claims and the lease that hosts the deposit, and an 80% interest in the remainder of the mining leases.

Damoti hosts 8  high-grade, near surface gold zones and showings, of which only two have had significant drill programs. The remainder have seen limited drill activity and largely remain under explored given their historic gold intersections.  

Gold mineralization is hosted within folded iron-formation associated with fold related fracturing & hydrothermal alteration.

The property possesses excellent potential for discovery and resource expansion at depth, and along the largely under explored 14 kilometre strike length of mineralized iron formation.

2010 Winter Drill Program:

• Geophysical surveys, to be initiated January 2010, (ground magnetic and electromagnetic) intended to target areas hosting high-grade mineralization similar to the Horseshoe and BIF Island Zones.
• 10,000 – 12,000 metres of drilling. Drilling will focus on the BIF Island, Horseshoe, Red Mountain Zones and other target areas as defined by geophysics and geological compilation.
• Reinterpretation and 3-D geological modeling of high-grade BIF Island gold zone in preparation for drilling.

2009 Summer Drill Program:

• 27 drill holes (5,600 m) – Horseshoe (HZ) & Red Mountain (RM).
• 96% of holes intersected gold mineralization.
• Excellent grade and continuity of near surface HZ & RM mineralization.
• New gold zones discovered and extended within the west limbs and keels of the HZ & RM synclines.
• Similar mineralized folds on the property (BIF Island, Runway and Lard) are now considered to have greater potential for hosting new discoveries and adding resource ounces.