MERCATOR GOLD PLC
14th October 2005
Drilling results and future targets
("Mercator" or "the company")
LONDON - Mercator Gold plc (AIM: MCR/MCRW) announces new drilling results and further planned drill programmes for the coming year. These results complement the recently announced resource statement of 690,100 ounces at Meekatharra.
Highlights - New Drilling Results:
- At Great Northern Highway our drilling intersected high-grade mineralisation with the following results:
o 2m @ 18.5 g/t,
o 2m @ 13 g/t
o 4m @ 5.5 g/t,
confirming this area as a high-grade exploration target.
- The company has confirmed continuity of mineralisation from Bluebird to South Junction. Drill results include 2m @ 14 g/t, 3m @ 1.4 g/t and 2m @ 1.4 g/t, each confirming lode positions.
- Regional exploration results include
o 5m @ 13 g/t and 1m @ 10 g/t at Hawk Hill,
o 2m @ 6.7 g/t and 2m @ 5.8 g/t at Lukes Junction,
o 2m @ 4.6 g/t at Stakewell.
The Company's objectives are to achieve the following:
- Add a further 500,000 to 1 million resource ounces to the existing inventory of 690,100 ounces during 2006.
- Commence gold production at Meekatharra during 2007.
Statement by the Managing Director - Patrick Harford: "The recent resource definition at Bluebird is only part of a growing story. The continuity of mineralisation through to South Junction is allowing us to connect up all the dots with the very real possibility of a big pit. I am very excited by the fact that three out of four drill holes at Great Northern Highway have intersected high grade mineralisation in what we believe to be related positions and which is in an area very close to Bluebird."
Full release attached....Ana Ribeiro
Parkgreen Communications
1st Floor, Ireland House
150 New Bond Street
London W1S 2AQ
t: 020 7493 3713
f: 020 7491 3936
