Mongolian Explorer Hits Bonanza Grades on First 3 Holes

Meritus Minerals fist came to my attention late last week and I mentioned it in short email blast earlier today that MER.V has some potential. This Mongolian explorer is drilling 3,000 meters on a highly prospective high grade Gutain Davaa property in Mongolia that has yielded some interesting results in the past. The first 3 holes all hit mineralization with the best being a 3 meter section grading 62.82 g/t gold within a wider interval of 28.60 meters grading 8.78 g/t and a deeper intersection of 9.80 meters grading 4.06 g/t gold. The other 2 holes hit respectable intervals of 7.30 meters grading 4.39 g/t au and 10.70 meters grading 8.05 g/t gold.

These are excellent initial drill results from the Toordogiin Shil Prospect which has seen some good results in the past including...

MER.V has added a second drill rig to the property which is always a great sign that the company believes the project has real merit and also speeds up material news flow and development of the property. You can expect a steady news flow from Meritus as 6 more holes have been submitted for assaying and they plan on drilling another 20 holes on the Gutain Davaa project over the next month.

In addition to the Toorgodiin Shil Prospect they have discovered a vein on the surface that so far extends 25 meters and four samples graded well over 100 g/t gold over that 25 meter section.

Another highly prospective target on the property known as Toordogiin Hayr 5 of 9 surface samples graded (14.7g Au/t; 334.4g Au/t; 402.2g Au/t; 417.1g Au/t and 542.2g Au/t.) This area has yet to be drilled.

Meritus Minerals has a market cap under $10M fully diluted and if they can continue to drill up these exceptionally high grades and extend the known area of mineralization as well as hit on the other undrilled targets. This could be the beginning stages of material discovery in Mongolia.