Meryllion Resources Corporation

TSX VENTURE : MYR


Meryllion Resources Corporation

March 10, 2014 17:53 ET

Meryllion Announces Results from Three New Mineralized Breccia Zones at Its Cerro Amarillo Cu-Mo-Au Property in Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 10, 2014) - Meryllion Resources Corporation ("Meryllion" or the "Company") (TSX VENTURE:MYR) is pleased to announce the rock sampling results from the three recently discovered breccia bodies at the La Blanca prospect at its Cerro Amarillo project in west central Argentina. The La Blanca prospect lies in the southwest quadrant of the 168 km2 Cerro Amarillo property which contains at least three high‐priority prospects, in addition to a number of other colour/alteration anomalies as described in the Company's news release of January 20, 2014.

The three breccia pipes form part of the La Blanca system which comprises extensive hydrothermal alteration developed over a six km strike, and includes zones of quartz+pyrite with argillic overprinting developed over a distance of at least two km in which the three breccia zones were discovered over the course of routine detailed mapping. Grab samples from both float and outcrop were taken during the mapping of this topographically challenging area, and some 136 samples were submitted to the accredited facilities of ALS Chemex laboratory in Argentina for analysis. The analytical results of this sampling are shown in Table 1 and Figure 1.

The assay results support that La Blanca is a very prospective system. The results range up‐to 8,590 ppm (0.86%) Cu, 170 ppm Mo and 731 ppb Au. At the Main Breccia zone, values up to 0.375% Cu are found in outcrop, while many float samples found downslope to the west of the Main Zone returned results as high as 0.18% Cu. It should be noted that sampling of the Main Zone is presently confined to the very southwest corner of the outcropping pipe due to safety considerations imposed by the difficult topography. The clasts of breccia in this area are angular to sub‐rounded, and the matrix between the fragments is dominated by gossan developed after sulphide, with minor quartz, hematite, calcite, and gypsum. Secondary copper minerals (malachite and azurite) were observed both in outcrop and in float near the southern limit of the exposure of this pipe. Outcrop samples from the 150 m Breccia zone returned the highest values of Cu, at 0.86% Cu, while the 70 m Breccia zone is enriched in gold, with a sample returning a value of nearly 0.5 g/t (457 ppb) Au.

In addition to analyzing for Cu, Mo, and Au, ALS Chemex also analyzed for other elements, including Pb and Zn which typically occur in veins peripheral to porphyry systems. None of the samples from the La Blanca are high in either Pb or Zn, yet are strongly anomalous in Cu, Mo, and Au. This suggests that the three mineralized breccia zones at La Blanca are located near the core of this mineralizing system.

The La Blanca hydrothermal intrusive breccia pipes share similar characteristics with some Cu‐Mo‐mineralized porphyry systems, particularly El Teniente (some 120 km to the north).

"The results of the preliminary sampling at La Blanca confirm the potential of the La Blanca zone and our confidence in the project," commented Meryllion's CEO Terry Krepiakevich. "Moreover, these results add to our database which will assist our exploration team with developing drill targets from the integrated interpretation of the multi‐layered database that Meryllion is in the process of developing."

Meryllion's program at Cerro Amarillo for the 2013/2014 field season comprises detailed geological mapping and grab sampling, focused geochemical surveying over specific prospect areas, and geophysical surveying together with property‐wide prospecting. The exploration program 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 technical data disclosed in this news release.

About Meryllion

Meryllion is a natural resource company engaged in the acquisition and exploration of resource properties in South America.

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.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/MYRfig1.pdf.

Sample results for Selected Elements from the La Blanca Prospect at Cerro Amarillo.

Sample No Easting Northing Au (g/t) Cu (ppm) Mo (ppm) Pb (ppm) Zn (ppm)
1554 383728.4 6090686.0 0.007 11 0.86 3.50 10.00
1555 383796.2 6090671.1 0.008 32 1.98 5.10 16.90
1556 383881.5 6090602.4 0.006 51 3.47 3.60 14.10
1557 384002.9 6090585.9 0.003 665 4.79 2.70 50.20
1558 384002.9 6090585.9 0.004 588 3.77 3.20 60.70
1559 384074.2 6090608.7 0.013 311 1.66 2.40 32.90
1560 383694.4 6090695.0 0.004 176 3.08 1.50 39.30
1561 383721.5 6090675.1 0.021 9 14.30 2.50 2.60
1562 383724.3 6090685.4 0.004 405 20.00 3.40 16.90
1563 383781.0 6090676.7 0.013 11 8.69 6.50 4.10
1564 383793.4 6090670.5 0.007 25 1.32 4.00 12.60
1565 383812.7 6090649.7 0.003 31 0.74 2.70 7.00
1566 383845.0 6090619.9 0.004 8 3.47 3.70 6.00
1567 383890.0 6090582.4 0.022 75 10.15 4.70 3.60
1568 383927.2 6090571.9 0.008 304 5.21 2.40 37.40
1569 383915.5 6090491.3 0.002 70 3.33 4.40 19.50
1570 383785.2 6090603.0 0.003 81 2.90 8.50 27.80
1571 383842.1 6090561.9 0.004 45 1.66 2.70 13.50
1572 383923.2 6090496.9 0.012 26 2.27 2.70 3.60
1573 384004.7 6090587.0 0.002 176 16.15 5.00 16.60
1574 384007.4 6090580.6 0.048 16 13.50 1.60 3.10
1575 384042.9 6090528.5 0.007 50 10.35 3.30 4.80
1576 384062.4 6090542.5 0.024 150 3.68 3.20 20.20
1577 384113.5 6090539.0 0.039 11 2.47 10.80 4.60
1578 384098.2 6090511.3 0.004 364 45.10 4.50 9.90
1579 383898.7 6090547.0 0.007 30 4.87 3.40 1.70
1580 384030.1 6090099.4 0.018 582 2.00 1.80 39.30
1581 384063.2 6090547.8 0.001 36 0.54 2.40 11.10
1582 384128.5 6090471.8 0.016 18 4.00 3.60 4.30
1583 384009.5 6090147.4 0.007 536 3.64 3.70 15.40
1584 384006.9 6090148.3 0.038 27 10.25 6.90 3.00
1585 384006.8 6090147.0 0.028 494 4.11 4.90 41.70
1586 384038.2 6090200.5 0.016 12 4.80 3.00 3.30
1587 384073.6 6090231.2 0.019 305 2.52 6.00 13.30
1588 384073.4 6090232.4 0.009 56 7.26 3.00 3.90
1589 384029.8 6090099.4 0.028 44 23.30 3.40 2.30
1590 384099.4 6090540.8 0.002 614 1.78 2.30 54.00
1591 384025.4 6090092.7 0.002 858 2.67 2.10 42.70
1592 384049.7 6090110.6 0.006 476 2.98 9.90 53.00
1593 384166.9 6090280.7 0.002 179 1.19 2.40 35.30
1594 384155.0 6090316.3 0.024 647 5.98 2.40 60.90
1595 384014.0 6090208.3 0.013 1455 2.47 2.00 107.00
1596 385662.7 6090887.7 0.002 718 4.68 2.60 17.30
1597 385651.8 6090898.9 0.006 98 1.46 3.30 19.60
1598 384485.4 6090558.2 0.016 1795 3.61 2.50 45.30
1599 385043.2 6089874.5 0.021 15 0.41 8.20 14.70
1600 384031.3 6090109.5 0.014 66 28.50 1.70 5.60
1601 384018.3 6090148.8 0.001 114 31.20 7.50 14.90
1602 384013.5 6090174.5 0.003 23 1.73 1.90 2.50
1603 384028.9 6090215.5 0.006 231 4.37 3.40 63.90
1604 384030.4 6090216.3 0.014 26 13.05 4.80 3.70
1605 384026.6 6090218.7 0.001 14 1.67 1.10 2.30
1606 385723.0 6090772.0 0.002 102 6.06 2.80 15.30
1607 385764.3 6090777.8 0.006 68 2.69 4.10 17.90
1608 385609.8 6090284.5 0.004 246 13.60 4.30 30.40
1609 385596.0 6090425.2 0.014 53 1.13 3.00 3.90
1610 385730.9 6090771.0 0.002 125 4.64 2.90 6.10
1611 385755.7 6090771.3 0.017 72 6.74 3.60 2.90
1612 385751.5 6090769.3 0.002 42 3.62 3.50 10.30
1613 385769.2 6090781.8 0.007 100 2.70 3.70 10.80
1614 385800.4 6090814.3 0.029 100 11.20 12.60 13.90
1615 385829.7 6090803.7 0.011 328 49.80 22.90 2.70
1616 385751.2 6089942.1 0.731 551 1.58 3.80 9.80
1617 385434.9 6089459.7 0.018 48 170.00 13.20 35.80
1618 385807.1 6089443.3 0.457 25 130.50 15.40 4.50
1619 385589.3 6090311.3 0.001 37 1.53 0.90 53.40
1620 385593.5 6090322.0 0.003 159 0.47 1.60 61.80
1621 385588.1 6090329.2 0.003 3750 2.52 5.10 34.80
1622 385581.6 6090330.1 0.007 521 2.71 4.30 21.50
1623 385591.8 6090350.8 0.012 67 4.35 7.70 7.10
1624 385606.4 6090395.3 0.028 36 0.76 5.00 5.30
1625 385613.7 6090423.8 0.013 160 22.80 3.10 1.60
1626 385252.8 6088915.2 0.003 57 0.24 5.80 17.70
1627 385326.0 6088949.6 0.020 7 3.45 3.10 2.20
1628 385823.8 6089435.7 0.003 4 0.95 1.10 38.00
1630 384017.5 6090051.6 0.021 44 6.60 11.10 1.20
1631 384027.0 6089970.5 0.006 112 7.32 2.00 4.30
1632 385671.2 6090280.8 0.001 14 0.31 1.70 14.90
1633 385643.4 6090252.4 0.001 37 5.44 0.90 11.30
1634 385642.0 6090133.4 0.002 42 3.08 1.80 15.70
1635 385593.6 6090170.8 0.007 4 0.56 0.90 3.10
1636 385664.3 6090861.4 0.001 70 6.48 3.20 16.90
1637 385570.9 6090170.0 0.040 9 2.71 34.90 4.80
1638 385019.9 6089097.3 0.001 3 0.22 1.00 10.70
1639 385368.2 6088876.2 0.016 8590 0.35 2.70 29.80
1640 385323.4 6088939.4 0.011 5160 0.24 2.50 24.20
1643 388210.5 6090180.6 0.015 119 5.68 6.70 12.90
1644 388178.6 6090170.2 0.066 12 9.00 16.60 4.40
1645 388145.2 6090155.2 0.005 46 1.77 3.30 41.00
1646 388144.3 6090127.4 0.003 1835 0.25 1.50 47.10
1647 388141.0 6090173.1 0.005 67 1.09 5.60 38.70
1648 388132.5 6090179.8 0.009 123 6.51 5.80 14.30
1649 385031.4 6090343.6 0.006 98 1.74 0.90 12.40
1650 385530.7 6090148.7 0.034 8 1.07 7.60 1.90
1651 385603.9 6090303.7 0.001 46 1.51 1.30 32.10
1652 385614.3 6090296.4 0.004 44 1.76 0.70 6.80
1653 385621.1 6090287.9 0.009 32 1.74 5.50 10.90
1654 385613.6 6090301.7 0.015 53 1.22 1.40 23.30
1655 385567.8 6090306.7 0.004 32 1.60 1.70 30.40
1656 385567.4 6090314.5 0.002 53 0.96 1.30 50.30
1657 385642.9 6090466.0 0.009 143 9.29 2.40 1.40
1658 385655.6 6090476.9 0.035 281 21.20 5.80 3.20
1659 385588.2 6090412.3 0.011 952 0.62 2.80 34.40
1660 385573.6 6090382.8 0.065 3260 0.33 0.90 38.20
1661 385366.3 6088987.4 0.012 13 0.16 4.10 13.30
1662 385378.1 6088991.3 0.028 166 0.48 3.10 5.70
1663 385415.8 6088972.2 0.008 63 1.94 1.90 5.30
1664 385412.7 6088990.4 0.002 227 0.20 2.40 6.00
1665 385424.0 6088996.4 0.061 33 1.72 3.10 2.60
1666 385406.7 6088976.5 0.023 41 2.89 2.10 2.60
1667 387622.8 6090007.8 0.004 41 2.11 3.00 26.50
1668 387255.3 6090872.1 0.002 32 0.74 4.10 84.60
1669 384966.4 6090266.0 0.001 28 0.91 2.80 18.60
1671 388208.6 6090162.1 0.158 98 1.86 3.30 26.80
1672 388186.9 6090156.6 0.010 240 2.79 8.60 41.10
1673 388114.1 6090143.7 0.003 24 3.02 5.50 24.40
1674 388148.9 6090165.4 0.008 73 1.88 6.70 40.40
1675 388050.5 6090095.4 0.009 61 3.25 3.30 14.50
1676 388081.3 6090170.5 0.010 77 1.28 19.30 18.10
1677 384970.7 6090264.9 0.001 76 3.04 17.50 24.70
1678 385055.4 6090340.0 0.002 49 7.70 2.00 5.20
1679 385132.5 6090341.9 0.079 35 6.52 1.50 17.80
1680 385143.2 6090356.1 0.001 29 3.83 2.20 14.10
1681 384854.5 6090323.4 0.001 18 1.14 3.10 11.80
1682 384240.6 6090191.6 0.024 139 4.42 2.00 5.50
1683 384594.8 6090714.2 0.012 95 1.49 3.50 23.60
1687 384285.6 6090629.1 0.021 17 9.50 9.80 3.00
1690 385084.6 6090350.9 0.001 31 7.59 2.30 13.00
1691 384141.2 6090228.0 0.358 23 12.45 128.00 13.70
1692 384938.2 6090729.3 0.002 369 11.95 6.00 10.70
1704 387137.3 6090342.6 0.004 20 1.37 4.10 19.50
1705 387246.6 6090297.3 0.109 174 2.17 16.50 8.30
1706 386676.6 6090543.9 0.302 76 129.00 114.50 14.20
1707 386673.4 6090548.9 0.023 359 1.54 4.90 57.80
1708 386658.2 6090503.0 0.008 12 3.94 2.20 2.30

Table 1.- Sampling results for selected elements from the La Blanca Prospect at Cerro Amarillo.

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