Merc acquires Colomac Gold Mine

31 January 2012: Merc International Minerals Inc. has completed the acquisition of a 100 per cent interest in the mineral claims and leases (the "Colomac Property"), including those of the former producing Colomac Gold Mine in the Northwest Territories ("NWT") from Aboriginal Affairs and Northern Development Canada ("AANDC").

The Colomac Property represents a rare opportunity as a past producer and under-developed gold deposit with exploration potential. Merc believes there is an opportunity to develop resources at the Colomac Property (as historic open pit mining was limited to less than 200 metre vertical depths and only one of five known deposits was developed). All deposits at Colomac remain open to depth and laterally.

Source: Yourindustrynews