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Dear Valued Investor:  

 

Below please read the news release for Merit Mining Corp. (MEM:TSX.V)

 

 

 

 

 

 

 

 

 

 

 NEWS RELEASE 08-11

Merit Mining Encounters Higher Au-Cu Grades Underground at its Lexington-Grenoble Mine

 

April 10, 2008Vancouver, British Columbia. Merit Mining Corp. announces it is successfully meeting the objectives of the 10,000 tonne underground bulk sample program on the Lexington-Grenoble Mine, which were to confirm the deposit model, grade continuity and mineability. The bulk sample is in the final stages of mining and has encountered higher than expected gold and copper grades, and in places, thicker zones of mineralization. Material from the 10,000 tonne bulk sample is currently being processed at the Company’s newly constructed 200 tonne per day mill located near Greenwood, BC.

 

The Company planned on mining the 10,000 tonne bulk sample from portions of the 121, 127, 130 and 133 stopes. Each of the stopes had an assigned grade in the mine plan, based on the original deposit drilling. The underground stope development related to the 10,000 tonne bulk sample has provided an opportunity to physically define and heavily sample the zones related to these design stopes. Multiple wall sampling from drifts and cross-cuts has indicated a higher than expected gold and copper grade, and in places, thicker than expected zones of mineralization.

 

The composited grades of various headings through each bulk sample stope compared to the estimated grade for the design stopes are tabled below.

 

Stope

Estimated Grade of Stope

Composited Development Grade

% of Bulk Sample

 

Gold (g/t)

Copper (%)

Gold (g/t)

Copper (%)

 

121

13.79

1.72

19.12

3.25

56 %

127

13.97

2.02

21.59

2.85

16 %

130

9.40

2.15

9.30

1.67

8 %

133

12.26

2.15

0.95

2.67

20 %

 

The underground development indicates that the mineralized zone corresponding to the 121 stope has a true thickness of 12.5 metres, compared to the expected 8 metres. In addition, two strikelength drifts that followed the zone for distances of 24 and 29 metres, respectively, showed good continuity of grade along strike. The zone continues beyond the limits of the two strikelength drifts. Gold and copper grades in this stope to date are significantly higher than the expected grades, as shown in the table above.

 

The mineralized zone corresponding to the 127 stope has a 4 metre true thickness, also with significantly better than expected grades, as show in the table above. The mineralized zone pertaining to the 130 stope appears to be comparable in grade to expected grades and has an average true thickness of 3.5 metres. The mineralized zone corresponding to the 133 stope indicates variable grades and widths with better than average copper grades, although lower than expected gold values. This zone has an average true thickness of 1.5 metres. The variability in grade and width of this zone is not surprising, as it can be contributed to its location at the edge of the deposit.

 

The underground sampling program was conducted by George Telman, Geologist for Merit Mining Corp., supervised by Paul Cowley, P.Geo., Vice President Exploration and Qualified Person for the Company. Chip samples were sent to Echo Bay Mineral’s laboratory near Republic, Washington, USA for fire assays and copper assays.

 

Merit Mining Corp.

Signed “Fred Sveinson

Fred Sveinson, President & CEO

 

For further information please contact:

Fred Sveinson at (604) 694-2344

 

For Investor Relations Information Contact:

MarketSmart Communications (604) 261-4466

(Toll Free 1-877-261-4466)

 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 

Paul Cowley, P.Geo., VP Exploration of Merit Mining Corp., is the Qualified Person as defined in National Instrument 43-101, who has reviewed and approved the technical content of this news release.

 

 The statements made in this News Release may contain certain forward-looking statements.  Actual events or results may differ from the Company’s expectations.  Certain risk factors may also affect the actual results achieved by the Company.

 

 

Below please click on the link to read the updated corporate profile for Merit Mining Corp. (MEM:TSX.V).  The company holds two high grade gold - copper deposits in British Columbia and a third high grade gold - copper deposit  in Washington State one kilometre away from the British Columbia deposit.  Merit Mining Corp. (MEM:TSX.V) has excellent exploration potential with near term production.

 

http://www.marketsmart.ca/docs/Merit%20Investor%20Sheet-jan20-08.pdf 

 

 

 

Photos - http://marketsmart.ca/docs/Mill%20Startup%20-%20March%2013,%202008.pdf

 

Video 1 -  http://marketsmart.ca/media/MVI_0091.AVI  Video 2 -  http://marketsmart.ca/media/Mill%20on%20Feed%20on%209.20%20P.M..AVI  Video 3 -  http://marketsmart.ca/media/Flot%20circuit%202.00%20p.m..AVI

 

Click on the links:  Mineral exploration in B.C. hits a record

 

http://www.canada.com/components/print.aspx?id=fba8509c-c599-49f3-93a8-d559f7b9f308&k=23582

 

http://www.globeinvestor.com/servlet/story/RTGAM.20080122.wrexploration0122/GIStory/

 

 

For additional information please visit Merit Mining Corp's website:

  
 http://www.meritminingcorp.com

 

Merit Mining Corp

 

 

 



For further information please call Marketsmart Communications Inc.

 

Best Regards,

MarketSmart Communications Inc.

 

Maria Da Silva
Adrian Sydenham
 

Trevor Kidd 

Jared Slingerland  

 

877 261 4466

604 261 4466 

 

Disclaimer
MarketSmart Communications Inc,. Disclaimer: Please be aware that MarketSmart Communications Inc. is a news service and NOT an investment advisory service; it is advised that you consult with a licensed financial advisor before making any investment decisions. This publication does not provide an analysis of a company's financial position and the information herein should NOT be construed as an offer to buy or sell securities. The information herein is taken from sources thought to be accurate, but there is no guarantee. All due diligence should be done by the reader or their financial advisor. Investing in securities is speculative and carries risk. Past performance does not guarantee future results.


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