PROJECTS
British Columbia covers some of the best mineralized areas of the world and hosts world class deposits. Many of BC's historic gold and copper mining camps, including the Boundary and Greenwood camps, have had little exploration activity during the last 10 to 12 years during a downturn of the mining industry. Subsequently, mineral exploration in British Columbia has seen a rebirth. Mineral industry expenditures in BC have risen from $25 million in 1999 to $265 million in 2006.

Merit Mining Corp. owns 100% interest in 11,700 hectares of BC and Washington State properties, which the Company acquired from Gold City Industries Ltd. in 2004 and holds a 47.5% interest in a 3,600 hectare joint venture exploration property in south central BC. In addition, in April 2007 the Company entered into an option agreement whereby it may acquire a 100% undivided interest in the J&L polymetallic property, located near Revelstoke, BC.

The Greenwood Gold Project, located near Greenwood, BC, lies in a highly mineralized district. Approximately 7.5 million ounces of gold from production and resources are attributed to an area from Greenwood to Republic, Washington. The Greenwood Gold Project is currently comprised of three deposits - the Lexington-Grenoble and Golden Crown, gold/copper deposits and the Lone Star, copper/gold deposit. The Golden Crown Property is in close proximity to the historic Phoenix mine which produced more than 900 thousand ounces of gold and 520 million pounds of copper.

Construction of a centralized 200 tonne per day (tpd) gravity/flotation mill and tailings facility No. 1 commenced in late August 2007 and was completed ahead of schedule in the first quarter of 2008. 

Commissioning of the Greenwood mill commenced in March 2008. Processing of the 10,000 tonne bulk sample from the Lexington-Grenoble Mine will be completed in the second quarter of 2008. 

The Mine and Mill Operating Permits were received from the Province of British Columbia to operate the Lexington-Grenoble Mine and the Greenwood Mill at a production rate of 72,000 tonnes per annum (~ 200 tpd) on May 8, 2008.

On May 12, 2008 the Company announced the signing of a landmark Impacts and Benefits Agreement with the Osoyoos Indian Band ("OIB") with respect to Merit exploring, developing and operating the Greenwood Gold Project.

In August 2007 Merit's board of directors approved a $10.8 million program for the J&L polymetallic project comprised of surface diamond drilling, underground rehabilitation and development, underground diamond drilling, and initiation of a pre-feasibility study. As of December 2007 a 40-man camp was installed and construction of a shop/mine dry complex was completed. A surface diamond drill program was completed on the Yellowjacket zone in November 2007. In January 2008 rehabilitation of the 832 portal and underground development commenced.  The 2008 exploration plans include 1,000 metres of underground development and 5,000 metres of underground diamond drilling.