Posted in | News | Gold | Mining Business

Mercer Gold and KTTM Arranges Geophysical Survey at Guayabales Gold Project in Colombia

Mercer Gold Corporation (OTCQB: MRGP, AN4.F Frankfurt) announces that it has entered into an arrangement with KTTM Geophysics of Medellin, Colombia to perform 20 line kilometers of magnetometry and VLF-R surveys on Mercer's Guayabales Gold Project in the Caldas Department of Colombia near Marmato.

The geophysics will investigate several target areas identified in earlier mapping and geochemical programs. The Guayabales Project exhibits several different target styles; some of which are deep seated. Ongoing drilling is expected to generate lithologic and structural information to aid in the interpretation of the geophysics data. The original 20 line kilometers are expected to take two weeks to complete with completion expected in December 2010. Subsequent IP- Resistivity studies should begin in late December.

Rahim Jivraj, Mercer Gold's CEO and President stated, "We're committed to ongoing exploration at Guayabales and this type of work gives us more insight to further develop interpretations and targets for drill programs."

Source: Mercer Gold Corporation

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type