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Exceptional Silver Swan Drilling Results
Exceptional Silver Swan Drilling Results.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \n \n Exceptional Silver Swan Drilling Results\n \n \n\n \n Mercator Gold Plc\n \n \n\n \n \n \n MERCATOR GOLD plc (“Mercator Gold”, “Mercator” or “the \n Company”)\n \n \n AIM: MCR US OTC: MTGDY\n \n \n Exceptional Silver Swan Drilling Results\n \n \n London 21 June 2010\n \n \n Mercator Gold plc is pleased to draw attention to the announcement made \n today by Silver Swan Group Limited (ASX: SWN) (“Silver Swan”) regarding \n the results of drilling at Silver Swan’s Austin copper-zinc-gold-silver \n deposit in Western Australia. Austin is a volcanogenic massive sulphide \n (VMS) deposit located within the package of exploration tenements sold \n to Silver Swan by Mercator in 2008.\n \n \n Drilling highlights:\n \n \n \n High grade copper and zinc mineralisation in hole 10ATD001:\n \n \n \n \n \n 58m at 2% Cu from 148m including:\n \n \n \n \n \n 5m at 10% Cu\n \n \n \n \n \n \n \n \n 2m at 17% Cu\n \n \n \n \n 38m at 14% Zn from 105m including:\n \n \n \n \n 2m at 46% Zn\n \n \n \n \n \n \n \n \n 6m at 33% Zn\n \n \n \n \n \n \n \n \n 2m at 25% Zn\n \n \n \n \n \n \n \n \n 2m at 24% Zn\n \n \n \n \n 24m at 5% Zn from 427m including:\n \n \n \n \n 3m at 10% Zn\n \n \n \n \n \n \n \n \n 3m at 8% Zn\n \n \n \n \n \n \n \n \n 2m at 7% Zn\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n High grade gold and silver mineralisation in hole 10ATD001\n \n \n \n \n \n 58m at 8.6g/t Ag and 0.4g/t Au from 148m including:\n \n \n \n \n \n \n \n \n \n 5m at 36g/t Ag and 2g/t Au\n \n \n \n \n 2m at 62g/t Ag and 3g/t Au\n \n \n \n \n \n \n \n \n \n \n High grade copper and zinc mineralisation in hole ATD002:\n \n \n \n \n \n 10m at 11% Zn from 296m including:\n \n \n \n \n \n \n \n \n \n 4m at 22%, 2m at 30% Zn\n \n \n \n \n 2m at 3% Cu, 11g/t Ag, 0.6g/t Au\n \n \n \n \n 2m at 1.25% Cu, 6g/t Ag, 0.4g/t Au\n \n \n \n \n \n \n \n \n \n \n Zinc mineralisation intersected at 450m depth; 150m below current JORC \n resource\n \n \n \n Mercator holds four million performance shares in Silver Swan, which \n convert to ordinary shares subject to certain conditions, the most \n significant of which is the identification by Silver Swan of a minimum \n 350,000oz gold equivalent in the JORC Indicated Mineral Resource \n category (or higher) on the tenements sold to it by Mercator.\n \n \n On 6 April 2010 Silver Swan ann...