Merc Completes Acquisition of Colomac Gold Mine

Merc International Minerals ismanufacturing companies list in us filetype pdf pleased to announce that it has completed the acquisition of a 100% interest in the mineral claims and leases including those of the former producing Colomac Gold Mine in the Northwest Territories from Aboriginal Affairs and Northern Development Canada

David Wiley, Merc President and CEO, remarked, "We are excited to have completed the Colomac acquisition and that Merc now controls over 90% of the Indin Lake Gold Camp. We are encouraged by the historic resource estimates, which we discovered during the due diligence process for the acquisition, and believe we have made an attractive acquisition. We will be working on a NI 43-101 compliant resource estimate in the near future, and we expect the winter 2012 drill program to commence in March. Now that we have closed the...