Merit Mining Corp. increases Greenwood Gold Project resource base by 164%



    VANCOUVER, Sept. 26 /CNW/ - Merit Mining Corp. (TSX-V: MEM) is pleased to
announce that P&E Mining Consultants Inc. ("P&E") has completed an independent
NI 43-101 compliant resource estimate on the Company's Lone Star deposit,
which together with the Lexington-Grenoble and Golden Crown deposits comprise
the Company's Greenwood Gold Project, located near Greenwood, British
Columbia.
    In April 2007, the Company received a positive Preliminary Economic
Assessment on the Greenwood Gold Project, which was based on current resources
on the Lexington-Grenoble and Golden Crown deposits only. The addition of the
Lone Star resource increases the tonnage of the total Greenwood Gold Project
resource by 164%, contributing significantly to the robustness of the project.
    The Lone Star property is located in Washington State adjacent to the
Company's Lexington property. The two properties cover a three kilometre long
trend of gold-copper mineralization linked by common rock types, structures
and mineralizing system. In 2006, Merit geologists re-evaluated historic high
grade copper-gold intercepts on Lone Star deposit that had only been
considered by past operators as low grade bulk mineable mineralization and
subsequently modeled these high grade intercepts on Lone Star into a series of
stacked en echelon zones similar to the Lexington-Grenoble deposit, located
one kilometre to the north. In November 2006, Merit conducted a drill program,
which verified historic drilling and paved the way for its first NI 43-101
compliant resource estimate on the Lone Star deposit.

    Lone Star Resource
    ------------------
    The Lone Star deposit resource is presented below at a 1.5% copper
equivalent grade cut-off value(5)

    
    -------------------------------------------------------------------------
    Classification  Tonnes    Au    Cu   Au Eq  Cu Eq    Au         Cu
                             (g/t)  (%)  (g/t)   (%)    (oz)  (millions lbs.)
    -------------------------------------------------------------------------
    Indicated       63,000   1.28  2.30  8.82    2.69   2,600      3.19
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Inferred       682,000   1.46  2.00  8.02    2.44  32,000     30.07
    -------------------------------------------------------------------------

    (1)  Mineral resources which are not mineral reserves do not have
         demonstrated economic viability. The estimate of mineral resources
         may be materially affected by environmental, permitting, legal,
         title, taxation, sociopolitical, marketing, or other relevant
         issues.

    (2)  The quantity and grade of reported inferred resources in this
         estimation are conceptual in nature.

    (3)  The mineral resources in this estimate were calculated using the
         Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM
         Standards on Mineral Resources and Reserves, Definitions and
         Guidelines prepared by the CIM Standing Committee on Reserve
         Definitions and adopted by CIM Council December 11, 2005.

    (4)  Gold equivalent grade (Au Eq) was calculated using a gold price of
         US$593/oz and copper price of US$2.84/lb., based on the 24 month
         (at July 31, 2007) trailing average of gold and copper prices, to
         obtain a conversion factor of
         % copper x 3.284 + gold g/t = Au Eq g/t.
         Metallurgical recoveries and smelting/refining costs were not
         factored into the gold equivalent calculation.

    (5)  The Cu equivalent cut-off value of 1.5% was calculated and rounded
         utilizing the following: Cu price US$2.84/lb, $US exchange rate
         $0.88, process recovery $95%, smelter payable 95%, smelting and
         refining charges C$7/tonne mined, mining cost C$62/tonne mined,
         process cost $C28/tonne processed, G&A cost $7.50/tonne processed.
    

    Eugene Puritch, P.Eng. of P&E is the independent Qualified Person
responsible for preparing the resource estimate. The resource estimates
involved three-dimensional modeling methods and parameters, and statistical
and grade continuity analyses. Gemcom modeling software based on 252 drill
holes was utilized to establish the 3D block model and subsequent grade
estimates. Grade capping was used to restrict the influence of statistical
outliers during Inverse Distance Squared (1/d(2)) interpolation of block
grades. Mineral resources that are not reserves do not have demonstrated
economic viability. An Inferred Mineral Resource is that part of a mineral
resource for which quantity and grade can be estimated on the basis of
geological evidence and limited sampling and reasonably assumed, but not
verified, geological and grade continuity. An Indicated Mineral Resource is
that part of a mineral resource for which quantity, grade or quality,
densities, shape and physical characteristics can be estimated with a level of
confidence sufficient to allow the appropriate application of technical and
economic parameters, to support mine planning and evaluation of the economic
viability of the deposit.
    The Lone Star resource technical report will be SEDAR filed within 45
days of this press release.

    Lone Star Exploration and Deposit Expansion Program
    ---------------------------------------------------
    There remains good potential for additional resources on the Lone Star
deposit. Many zones have not been completely defined and remain open and
untested to determine their full extent. P&E has recommended a $550,000
program to expand the deposit.

    Lexington and Golden Crown Resource Base
    ----------------------------------------
    The Lexington-Grenoble and Golden Crown resources are tabled below for
comparison. It can be seen that the Lone Star resource is a significant
contribution, increasing the tonnage of the Greenwood Gold Project resource
base by 164%.

    
    Lexington-Grenoble Deposit Resource - (Source: Technical Report
    Lexington-Grenoble Deposit, P&E Mining Consultants Inc., SEDAR filed
    October 27, 2006)
    -------------------------------------------------------------------------
    Classification  Tonnes    Au    Cu   Au Eq   Au         Cu         Au Eq
                             (g/t)  (%)  (g/t)  (oz)  (millions lbs.)  (oz)
    -------------------------------------------------------------------------
    Measured         6,000  11.55  1.87  16.84   2,200      0.25       3,200
    -------------------------------------------------------------------------
    Indicated      291,000   8.29  1.34  12.08  77,600      8.60     113,000
    -------------------------------------------------------------------------
    Measured &
     Indicated     297,000   8.36  1.35  12.17  79,800      8.85     116,200
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Inferred        45,000   6.58  1.03   9.50   9,500      1.02      13,700
    -------------------------------------------------------------------------

    Golden Crown Deposit Resource - (Source: Technical Report Golden Crown
    Property, P&E Mining Consultants Inc., SEDAR filed October 27, 2006)
    -------------------------------------------------------------------------
    Classification  Tonnes    Au    Cu   Au Eq   Au         Cu         Au Eq
                             (g/t)  (%)  (g/t)  (oz)  (millions lbs.)  (oz)
    -------------------------------------------------------------------------
    Indicated      105,000  13.78  0.55  15.33  46,500      1.27      51,800
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Inferred         8,000  16.80  0.55  18.35   4,300      0.10       4,700
    -------------------------------------------------------------------------

    (1)  Gold equivalent grade (Au Eq) was calculated using a gold price of
         US$494/oz and copper price of US$2.04/lb., based on the 24 month (at
         August 31, 2006) trailing average of gold and copper prices, to
         obtain a conversion factor of
         % copper x 2.832 + gold g/t = Au Eq g/t.
         Metallurgical recoveries and smelting/refining costs were not
         factored into the gold equivalent calculation.
    

    The Company is advancing its Greenwood Gold Project with the construction
of the 200 tpd day gravity/flotation mill and tailings facility no. 1
underway. Start up of the mill is expected in the second quarter of 2008. The
Lexington-Grenoble mine is currently being dewatered and rehabilitated for
mining of a permitted 10,000 tonne underground bulk sample.

    Merit Mining Corp.
    Signed "Fred Sveinson"
    Fred Sveinson, President & CEO

    Paul Cowley, P.Geo. Vice President Exploration for Merit Mining Corp. and
Eugene Puritch P.Eng. P&E Mining Consultants Inc. are the Qualified Persons
that have reviewed and approved this press release.

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




For further information:

For further information: Fred Sveinson or Paul Cowley at (604) 694-2344;
For Investor Relations Information Contact: MarketSmart Communications at
(604) 261-4466 (Toll Free 1-877-261-4466)

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MERIT MINING CORP.

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