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35 looks like some good support.
BxA upticks..looking like it wants to move back north
it's getting there..RSI has dipped past 50, which in my mind is the actual oversold point, not the RSI 30 mark. definitely would consider this one oversold at this point
just gotta start chippin away at the ask...once we get a couple hits, we can easily move this back into the 50s and 60s
dude! today isn't even half over..we have plenty of time! this thing moves on air!
a great bounce from LOD..time to make a new HOD!
like i said, i could see gold going much higher...gold much higher = mining stocks much higher as well!
now let's just make it back to the open and we be good
made it to the front page on ihub today as well..lots of people viewing this baby!
lots of money has traded hands the last couple days...amazing to see what little volume it takes to sway it one way or the other!
huge potential to see 3 million again today. i want to see 5 mil on one day this week
definitely a hot topic after the last couple trading days!
Mercer Gold to Conduct Geophysics at Guayabales Gold Project, Colombia
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o Mercer Gold Corp.
Press Release Source: Mercer Gold Corporation On Wednesday November 10, 2010, 8:00 am EST
DENVER, Nov. 10, 2010 /PRNewswire/ -- Mercer Gold Corporation ("Mercer Gold" or the "Company") (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. An additional quantity of IP- Resistivity studies are contemplated shortly thereafter.
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."
About Mercer Gold Corporation
Mercer Gold Corporation is focused on gold exploration and resource definition in Colombia. The Company acquired the prospective Guayabales Project, located in the Marmato Gold District, Department of Caldas, in early 2010. Mercer is exploring the Guayabales property and is seeking to acquire additional prospective gold properties in Colombia.
IMPORTANT CAUTIONARY NOTE REGARDING CANADIAN DISCLOSURE STANDARDS
The Company is an "OTC Reporting Issuer" under BC Instrument 51-509, Issuers Quoted in the U.S. Over-the-Counter Markets, promulgated by the British Columbia Securities Commission. Accordingly, certain disclosure in this news release or other disclosure provided by the Company has been prepared in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of United States securities laws. In Canada, an issuer is required to provide technical information with respect to mineralization, including reserves and resources, if any, on its mineral exploration properties in accordance with Canadian requirements, which differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC") applicable to registration statements and reports filed by United States companies pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. As such, information contained in this news release or other disclosure provided by the Company concerning descriptions of mineralization under Canadian standards may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC. This news release or other disclosure provided by the Company may use the terms "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". While these terms are recognized and required by Canadian regulations (under National Instrument 43-101, Standards of Disclosure for Mineral Projects), the SEC does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted to reserves. In addition, "inferred resources" have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities legislation, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
For further information see: www.mercergoldcorp.com
Symbol: OTCQB – MRGP; Frankfurt AN4, WKN NO. A0MUN4.
Contact:
Rob Grace, Investor Relations
Tel. 1-877-981-3130
jsut like yesterday..this thing came move RIGHT back up!
seriously! I lot of ihubbers use the L2..so when they can't see what's going on, they get a little skiddish..once they got L2 running for MRGP, they will see it's thin, and can move!
I think someone has talked to Erwin already and he is on it.
i'll take 3.6% any day of the week...as long as we green, we good!
coming up on 3.5 million shares traded...let's close this real strong the last 10 minutes
getting some nice volume lately...time to move up to the 70s!
MRGP 3.3 million traded..over 1.5 million dollars traded!
MRGP 3.3 million traded..over 1.5 million dollars traded!
great to be here! looking to make some monies!
absolutely amazing for a OTCBB stock
recently hit the 3 mil mark..let's move it to 5 million!
brush up on your mining terms..
http://www.mercergoldcorp.com/index.php?option=com_content&view=article&id=85&Itemid=101&lang=en
would love to see around 5 mil volume by EOD..possible? i think, YES!
same...BMs on the rise with today's news out and great volume so far
me too sir...too much potential here.
you check out the corp slideshow?
http://www.mercergoldcorp.com/index.php?option=com_content&view=article&id=111&Itemid=113&lang=en
TINY TINY! lots of movement can be made with just a couple ask slaps
and MRGP is right on the cusp of making some maaaajor money with their drillings
most definitely..wouldnt be surprised to see gold reach 2k by June '11
MRGP...over 2.2million shares traded so far...that's OVER a million dollars!
MRGP NEWS
Mercer Gold to Extend Third Hole Depth at Guayabales Gold Project, Colombia
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Companies:
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Symbol Price Change
MRGP.OB 0.59 +0.01
Chart for MERCER GOLD CORP
{"s" : "mrgp.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: Mercer Gold Corp. On Monday November 15, 2010, 8:00 am EST
DENVER, Nov. 15, 2010 /PRNewswire/ -- Mercer Gold Corporation ("Mercer Gold" or the "Company") (OTCQB: MRGP, AN4.F Frankfurt) announces that it has reached a depth of 242 meters on its third drill hole, MGDH-03 at its Guayabales Gold Project in Colombia and plans are to extend the drilling to a target depth of approximately 600 meters.
Mercer Gold Corp. geological team has stated that the Company is seeking to define targets across the current drill zone, which is one of three areas on the site with potential targets for gold, silver and copper mineralization. This program is on time and continues to fall within the budget established for drilling, despite some challenging conditions caused by heavy rains in the area.
Mercer Gold Corp.'s in-country team has been very successful working with their experienced localized driller who is familiar with the topography and the varied conditions. They have met each target drill date over the previous zones on the Guayabales site and are on track for completion of this stage of drilling as planned.
A number of landslides have occurred on access routes over the past couple of weeks. Mercer has assigned a work force to the task of clearing roads to assist the community in overcoming the hardships related to the current weather situation. Additionally, Company crews are repairing small local water pipelines to restore water service where it has been cut.
Rahim Jivraj, Mercer Gold's CEO and President states, "Mercer's camp is on track with our drilling and we are confident about our timing as mapped out by our team. We are aware however that it's important for us to contribute by aiding the communities near Marmato. Therefore, we are lending workforce assistance to vital services and infrastructure such as roads. We plan to be a part of Guayabales and the Marmato area for a very long time. We are glad to contribute."
About Mercer Gold Corporation
Mercer Gold Corporation is focused on gold exploration and resource definition in Colombia. The Company acquired the prospective Guayabales Project, located in the Marmato Gold District, Department of Caldas, in early 2010. Mercer is exploring the Guayabales property and is seeking to acquire additional prospective gold properties in Colombia.
IMPORTANT CAUTIONARY NOTE REGARDING CANADIAN DISCLOSURE STANDARDS
The Company is an "OTC Reporting Issuer" under BC Instrument 51-509, Issuers Quoted in the U.S. Over-the-Counter Markets, promulgated by the British Columbia Securities Commission. Accordingly, certain disclosure in this news release or other disclosure provided by the Company has been prepared in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of United States securities laws. In Canada, an issuer is required to provide technical information with respect to mineralization, including reserves and resources, if any, on its mineral exploration properties in accordance with Canadian requirements, which differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC") applicable to registration statements and reports filed by United States companies pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. As such, information contained in this news release or other disclosure provided by the Company concerning descriptions of mineralization under Canadian standards may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC. This news release or other disclosure provided by the Company may use the terms "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". While these terms are recognized and required by Canadian regulations (under National Instrument 43-101, Standards of Disclosure for Mineral Projects), the SEC does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted to reserves. In addition, "inferred resources" have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities legislation, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
For further information see: www.mercergoldcorp.com
Symbol: OTCQB – MRGP; Frankfurt AN4, WKN NO. A0MUN4.
Contact: Rob Grace, Investor Relations
Tel. 1-877-981-3130
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS". STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO THE COMPANY'S PLANS TO ITS FURTHER EXPLORATION AND DRILLING PLANS ON THE PROPERTY. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-K, AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EXPLORATION EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NONE OF FINRA, THE SEC NOR THE BRITISH COLUMBIA SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION
MRGP NEWS
Mercer Gold to Extend Third Hole Depth at Guayabales Gold Project, Colombia
prnewswire
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Share
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retweet
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Companies:
o Mercer Gold Corp.
Related Quotes
Symbol Price Change
MRGP.OB 0.59 +0.01
Chart for MERCER GOLD CORP
{"s" : "mrgp.ob","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""}
Press Release Source: Mercer Gold Corp. On Monday November 15, 2010, 8:00 am EST
DENVER, Nov. 15, 2010 /PRNewswire/ -- Mercer Gold Corporation ("Mercer Gold" or the "Company") (OTCQB: MRGP, AN4.F Frankfurt) announces that it has reached a depth of 242 meters on its third drill hole, MGDH-03 at its Guayabales Gold Project in Colombia and plans are to extend the drilling to a target depth of approximately 600 meters.
Mercer Gold Corp. geological team has stated that the Company is seeking to define targets across the current drill zone, which is one of three areas on the site with potential targets for gold, silver and copper mineralization. This program is on time and continues to fall within the budget established for drilling, despite some challenging conditions caused by heavy rains in the area.
Mercer Gold Corp.'s in-country team has been very successful working with their experienced localized driller who is familiar with the topography and the varied conditions. They have met each target drill date over the previous zones on the Guayabales site and are on track for completion of this stage of drilling as planned.
A number of landslides have occurred on access routes over the past couple of weeks. Mercer has assigned a work force to the task of clearing roads to assist the community in overcoming the hardships related to the current weather situation. Additionally, Company crews are repairing small local water pipelines to restore water service where it has been cut.
Rahim Jivraj, Mercer Gold's CEO and President states, "Mercer's camp is on track with our drilling and we are confident about our timing as mapped out by our team. We are aware however that it's important for us to contribute by aiding the communities near Marmato. Therefore, we are lending workforce assistance to vital services and infrastructure such as roads. We plan to be a part of Guayabales and the Marmato area for a very long time. We are glad to contribute."
About Mercer Gold Corporation
Mercer Gold Corporation is focused on gold exploration and resource definition in Colombia. The Company acquired the prospective Guayabales Project, located in the Marmato Gold District, Department of Caldas, in early 2010. Mercer is exploring the Guayabales property and is seeking to acquire additional prospective gold properties in Colombia.
IMPORTANT CAUTIONARY NOTE REGARDING CANADIAN DISCLOSURE STANDARDS
The Company is an "OTC Reporting Issuer" under BC Instrument 51-509, Issuers Quoted in the U.S. Over-the-Counter Markets, promulgated by the British Columbia Securities Commission. Accordingly, certain disclosure in this news release or other disclosure provided by the Company has been prepared in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of United States securities laws. In Canada, an issuer is required to provide technical information with respect to mineralization, including reserves and resources, if any, on its mineral exploration properties in accordance with Canadian requirements, which differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC") applicable to registration statements and reports filed by United States companies pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. As such, information contained in this news release or other disclosure provided by the Company concerning descriptions of mineralization under Canadian standards may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the SEC. This news release or other disclosure provided by the Company may use the terms "measured mineral resources", "indicated mineral resources" and "inferred mineral resources". While these terms are recognized and required by Canadian regulations (under National Instrument 43-101, Standards of Disclosure for Mineral Projects), the SEC does not recognize them. United States investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted to reserves. In addition, "inferred resources" have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities legislation, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, or economic studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.
For further information see: www.mercergoldcorp.com
Symbol: OTCQB – MRGP; Frankfurt AN4, WKN NO. A0MUN4.
Contact: Rob Grace, Investor Relations
Tel. 1-877-981-3130
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS". STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS NEWS RELEASE INCLUDE STATEMENTS RELATING TO THE COMPANY'S PLANS TO ITS FURTHER EXPLORATION AND DRILLING PLANS ON THE PROPERTY. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-K, AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S EXPLORATION EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NONE OF FINRA, THE SEC NOR THE BRITISH COLUMBIA SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION
not even half way thru the day..tons more volume on the way!
MRGP INFO
Mercer Gold Corporation is a resource exploration company advancing a prospective gold project in Colombia, South America. The Company is focused on a single project in the Marmato Mining district in a well established gold producing region. Mercer Gold Corporation, entered into an Option Agreement with Comunidad Minerea Guayabales on March 4, 2010 to acquire a 100% interest in the Guayabales property. Mercer Gold subsequently entered into an Option Agreement with Uranium International (now renamed Mercer Gold Corporation) to acquire its 100% interest in Guayabales subject to the terms of the Underlying Option Agreement on April 13, 2010.
MRGP INFO
Mercer Gold Corporation is a resource exploration company advancing a prospective gold project in Colombia, South America. The Company is focused on a single project in the Marmato Mining district in a well established gold producing region. Mercer Gold Corporation, entered into an Option Agreement with Comunidad Minerea Guayabales on March 4, 2010 to acquire a 100% interest in the Guayabales property. Mercer Gold subsequently entered into an Option Agreement with Uranium International (now renamed Mercer Gold Corporation) to acquire its 100% interest in Guayabales subject to the terms of the Underlying Option Agreement on April 13, 2010.