24th Nov 2006 07:01
Mercator Gold PLC24 November 2006 London - Friday 24 November 2006 Drilling at Prohibition confirms consistent width and depth to mineralisation with significant potential to upgrade the resource HIGHLIGHTS • Resource drill-outs at Prohibition return intersections that include: Prohibition • 12m at 13.8g/t • 19m at 5.0g/t • 30m at 3.1g/t • 21m at 3.1g/t • 31m at 2.1g/t • Reserve estimation for Bluebird and Surprise enter final stage. • Plant upgrade on time and budget for completion mid-January 2007 The Managing Director, Mr Patrick Harford said: "The drilling results continue to confirm the potential of the Prohibition orebody. Consistent widths give us lots of options as to mining method. The plantrefurbishment and mining studies are progressing well with recruitment andmining contracts now under consideration" Prohibition-Vivian-Consols At Prohibition, Vivian and Consols (PVC), the recent focus has been Prohibitionwhere a ferruginous chert hosts gold-pyrite-arsenopyrite mineralisation. Allholes listed here are drilled from E to W across the E-dipping ferruginouschert. PVC is on track for a significant increase and improved quality resource.Drill intersections (>1.0 g/t Au) received include but are not limited to: Hole ID Depth from surface Internal dilution Interval 06PRRD028 234m 7m 19m @ 5.0g/t 06PRRD029 407m 0 8m @ 2.5g/t 06PRRD030 322m 2m 16m @ 1.9g/t 06PRRD034 94m 3m 12m @ 13.8g/t 06PRRD036 282m 19m 27m @ 1.9g/t including 6m @ 4.9g/t 06PRRD037 254m 6m 21m @ 3.1g/t 06PRRD040 343m 14m 31m @ 2.1g/t including 9m @ 4.1g/t 06PRRD041 371m 12m 30m @ 3.1g/t Exploration for shallow oxide mineralisation The Company's programme of exploration for shallow oxide and other near-surfaceores is returning positive results. Preliminary data are available for Nannine,Maid Marion and Whangamata (north of Bluebird). Additional results are pending. Nannine is one of four mining centres within the Company's tenement holding atMeekatharra. The Nannine mining centre has produced more than 200,000 ounces ofgold from surface alluvial, oxide open cut and lode underground mines.Significant RAB drill intersections (>1.0 g/t Au) received include but are notlimited to: Hole ID Depth from surface Internal dilution Interval 06NNRB115 24m 0 4m @ 5.8g/t 06NNRB142 12m 0 4m @ 3.3g/t At Meekatharra North, the Company is focused on RC drilling the zone of oxidemineralisation at Maid Marion. The drilling confirms a NNE-trending zone ofdeeply weathered mineralisation 270m in length. Significant drill intersections(>1.0 g/t Au) received include but are not limited to: Hole ID Depth from surface Internal dilution Interval 06MMRC040 75m 6m 10m @ 1.6g/t 06MMRC045 173m 5m 8m @ 1.1g/t 06MMRC047 10m 6m 18m @'1.7g/t An on-going aircore (AC) programme at Whangamata continues to identify aNNW-trending zone of mineralised quartz veining at shallow depth. Significantdrill intersects (>1.0 g/t Au) received include but are not limited to: Hole ID Depth from surface Internal dilution Interval 06WHAC047 18m 0 2m @ 8.2g/t 06WHAC055 46m 7m 12m @ 1.2g/t 06WHAC055 69m 9m 15m @ 1.3g/t Consent for release Julian Vearncombe BSc (Hons), PhD, FGS, RPGeo, FAIG is a director of the Companyand consents to the inclusion of the exploration information in the form andcontext in which it appears here. Julian Vearncombe is a Competent Person forthe reporting of these results as defined by the JORC Code 2004 Edition. For further information please contact: Mercator Gold plcTerry Strapp, Chairman Tel: +61 (0) 8 9322 7422 Mob: +61 (0) 412 228 422 Patrick Harford, Managing Director Tel: +44 (0) 20 7929 1010 Mob: +44 (0) 7786 486 645 Email: [email protected]: www.mercatorgold.com Parkgreen CommunicationsJustine Howarth / Ana Ribeiro Tel: +44 (0) 20 7493 3713 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ECR Minerals