SOURCE: Meryllion Resources Corporation

Meryllion Resources Corporation

April 10, 2014 08:30 ET

Geochemical Sampling Program Completed at Meryllion's Cerro Amarillo Cu-Mo-Au Property in Argentina

VANCOUVER, BC--(Marketwired - April 10, 2014) - Meryllion Resources Corporation ("Meryllion" or the "Company") (TSX VENTURE: MYR) is pleased to announce that its geochemical sampling program for the austral summer campaign of 2013-2014 has been completed at the Cerro Amarillo Cu-Mo-Au property in west central Argentina. 

During the course of the field season, 1,372 samples were collected in support of the regional mapping and prospecting program. The sampling program was conducted over detailed grids and along crest and scree traverses in four high-priority prospect areas (Figure 1):

  • Some 354 grab samples were initially collected in support of detailed mapping over the prospect areas of La Blanca, Vaca de Cobre, and Cerro Choro, as well as in reconnaissance mapping and general prospecting over the rest of the property. This work led to the identification of the La Blanca mineralized breccia zones and the mineralized porphyry system at Vaca de Cobre (as reported in the Company's press releases of 3 February and 24 March 2014) and Cerro Choro.
  • Follow-up and detailed work comprising the collection of a further 1,018 samples was conducted over the prospect areas of La Blanca East (123 samples), Cajon Grande (444 samples), Cerro Choro (351 samples), and Vaca de Cobre (100 samples) in order to better define the distribution of mineralization identified from the mapping program.

Geochemical sampling grids were laid out over Cajon Grande (Figure 2) and Vaca de Cobre (Figure 3) where access was possible, and lithological or lag samples were taken over these grids depending on the presence or absence of outcrop. In the topographically challenging areas of the eastern part of the La Blanca prospect (Figure 4) and around the Cerro Choro intrusive system (Figure 5), line-sampling was undertaken. This involved the collection of lithological samples along accessible ridge crests, and talus/scree samples along traverses skirting the base of these peaks, and cirques within the peaks. The talus and lag samples comprised field-sieving and collecting some 0.5-1.0 kg of the -8mm to +2mm fraction at each locality. Where rock samples were taken, a sample of 1.0-2.0 kg of material was collected.

Talus/lag samples have proven to be a reliable and effective sampling medium elsewhere in the southern Andean chain, particularly in areas where soils are poorly developed, and generally reflect the composition of bedrock, (and any contained mineralization) from where they were shed. This allows for the identification of additional zones of interest for detailed follow-up, and the multi-element analysis additionally allows for the quantification of the degree of alteration in the country rock.

All samples were collected in accordance with accepted industry standards and best practices with respect to chain-of-custody considerations. Samples were submitted to the accredited facilities of ALS in Mendoza, Argentina.

"The completion of the geochemical program more-or-less wraps up the field program for this year's summer campaign, and we are extremely encouraged with what our activities have accomplished.", commented Meryllion's CEO Terry Krepiakevich, "The results from the geochemical surveys together with our geological mapping and geophysical surveying are providing the Company with a comprehensive database from which the anticipated 1st stage drilling proposal will be developed, and we look forward to formally presenting our findings in the near future."

Meryllion's program at Cerro Amarillo is being supervised by Willem Fuchter, PhD PGeo, CEO of Meryllion's subsidiary in Argentina. Dr Fuchter is a Member of the Association of Professional Geoscientists of Ontario ("APGO"), and is a qualified person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. He has approved the data disclosed in this news release.

About Meryllion Resources

Meryllion is a natural resource company engaged in the acquisition and exploration of resource properties in South America. It currently holds options to acquire two exploration projects in Argentina, the Cerro Amarillo copper-molybdenum-gold Project located in West-Central Argentina and the Providencia silver-copper Project located in North-West Argentina.

This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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