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NEWS RELEASE TRANSMITTED BY Marketwire
FOR: MELKIOR RESOURCES INC.
TSX VENTURE SYMBOL: MKR
MAY 20, 2010
Melkior Drills 107.50g/t Gold and 31.3g/t Silver Over 0.55 Metres
in West Timmins
OTTAWA, ONTARIO--(Marketwire - May 20, 2010) - Melkior Resources Inc.
("Melkior") (TSX VENTURE:MKR) is pleased to update shareholders on the
ongoing 20,000 metre diamond drill program on its 100% owned Carscallen Gold
property ("the property), located approximately 25 kilometres west of
Timmins, Ontario, 5 kilometres west of the Lake Shore Gold Corp Timmins Mine
and adjacent to Lake Shore's West Timmins land holdings.
The results being reported are from the Zam Zam and Shenkman zones. To date
the gold mineralized zones have been traced for approximately 1200 metres
along the Zam Zam Shenkman corridor, with at least three distinct styles of
gold mineralization being detected. The gold zones are open at depth and
along strike.
/T/
1. Gold in narrow quartz pyrite veins, frequently multiple within a granite
host.
2. Gold in quartz pyrite veins within altered volcanics north of the
granite-volcanic contact.
(North of the Zam Zam zone).
3. Gold in a Quartz Feldspar Porphyry (QFP) within volcanics (Hole CAR-38-
2010, Press Release April 6th, 2010).
/T/
It should be noted that the holes frequently intersected wide zones of
numerous narrow quartz pyrite veinlets carrying anomalous gold values. In
the tables below Melkior is only reporting those veinlets which have gold
values of greater than 1.0g/t. For some holes we have combined the anomalous
veinlets with the greater than 1.0g/t values to show the grade across a
wider geological section.
Melkior's exploration of the Carscallen property is still in early stages.
As drilling progresses deeper preparation of a 3D model of the mineralized
horizons is key to deep drilling. CAR-41-2010, CAR-44-2010 and CAR-45-2010
are infill holes drilled between CAR-32-2010, CAR-33-2010 and CAR-38-2010
required for modelling the Zam Zam zone. CAR-43-2010 was drilled at the
Shenkman zone.
Assays for CAR-41-2010, CAR-43-2010, CAR-44-2010 and partial results from
CAR-45-2010, comprising a total of 1008 metres are being reported. An
additional 1296 metres have been submitted to ALS Chemex, Val-d'Or, results
are pending.
CAR-41-2010: Hole CAR-41-2010 was drilled at an azimuth of 240 degrees and a
dip of -50 degrees, with a final core length of 356 metres. CAR-41-2010 is
located 285 metres south west of CAR-38-2010, which intersected 11.4 metres
of 0.72g/t gold in a Quartz-Feldspar-Porphyry (QFP) (Press Release May 6th,
2010) and 200 metres north of CAR-42-2010 where assays are pending.
CAR-42-2010 was drilled to a core length of 701 metres to provide
information of the Zam Zam at depth.
Table 1: Significant Results from hole CAR-41-2010.
/T/
--------------------------------------------------------------------------
From Core Length
Hole # (metres) To (metres) (metres) Gold (g/t) Host rock
--------------------------------------------------------------------------
CAR-41-2010 111.70 112.20 0.50 1.39 1-2% pyrite
stringers/vein
lets
--------------------------------------------------------------------------
CAR-41-2010 123.25 123.80 0.55 1.73 Quartz pyrite
vein, Zam Zam
vein
--------------------------------------------------------------------------
CAR-41-2010 167.45 168.05 0.60 1.22 5cm thick semi
massive pyrite
vein
--------------------------------------------------------------------------
CAR-41-2010 189.95 191.80 1.85 1.73
--------------------------------------------------------------------------
Including 189.95 190.45 0.50 1.74 12cm thick
quartz pyrite
vein + sheared
zone, 1-2%
pyrite
--------------------------------------------------------------------------
Including 191.30 191.80 0.50 4.39 10cm thick
quartz pyrite
vein (10%
pyrite)
--------------------------------------------------------------------------
/T/
CAR-44-2010: Hole CAR-44-2010 was drilled at an azimuth of 240 degrees and a
dip of -50 degrees, with a final core length of 386 metres. The hole is
located between CAR-32-2010 and CAR-33-2010 where CAR-32-2010 and
CAR-33-2010 intersected 5.84 g/t gold over 2.50 metres and 4.12 g/t gold
over 0.8 metres respectively (Press release April 6th, 2010).
Table 2: Significant Results from hole CAR-44-2010.
/T/
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From Core Length
Hole # (metres) To (metres) (metres) Gold (g/t) Host rock
--------------------------------------------------------------------------
CAR-44-2010 68.30 76.00 7.70 0.18 Includes
anomalous
veinlets
--------------------------------------------------------------------------
Including 74.80 75.30 0.50 2.69 Quartz pyrite
veins
--------------------------------------------------------------------------
CAR-44-2010 348.00 358.00 10.00 0.19 Includes
anomalous
veinlets
--------------------------------------------------------------------------
Including 348.90 350.00 1.10 1.03 Quartz pyrite
vein
--------------------------------------------------------------------------
/T/
CAR-45-2010: Hole CAR-45-2010 was drilled at an azimuth of 210 degrees and a
dip of -50 degrees, with a final core length of 341 metres.
Table 3: Significant Results from hole CAR-45-2010
/T/
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Core
From To Length Gold Silver
Hole # (metres) (metres) (metres) (g/t) (g/t) Host rock
--------------------------------------------------------------------------
CAR-45-2010 64.70 70.70 6.00 1.46 Includes
anomalous
veinlets
--------------------------------------------------------------------------
Including 68.65 69.85 1.20 7.21
--------------------------------------------------------------------------
Including 69.35 69.85 0.50 12.70
--------------------------------------------------------------------------
CAR-45-2010 176.25 178.65 2.40 0.52
--------------------------------------------------------------------------
CAR-45-2010 182.55 183.75 2.95 21.42
--------------------------------------------------------------------------
Including 182.55 183.20 0.65 5.22
--------------------------------------------------------------------------
Including 183.20 183.75 0.55 107.50 31.3
--------------------------------------------------------------------------
/T/
CAR-43-2010: Hole CAR-43-2010 was drilled at an azimuth of 270 degrees and a
dip of -50 degrees, with a final core length of 266 metres. The hole tested
the Shenkman zone where previous results include 56.0g/t over 0.9 metres
(CAR-16-2009, Press Release) and 55.2g/t over 1 metre (TW-08-SH-1, Press
Release).
Table 4: Significant Results from hole CAR-43-2010.
/T/
--------------------------------------------------------------------------
Core
From To Length Gold Silver
Hole # (metres) (metres) (metres) (g/t) (g/t) Host rock
--------------------------------------------------------------------------
CAR-43-2010 59.50 60.00 0.50 1.22 3cm thick
quartz
pyrite
vein, 5%
pyrite
--------------------------------------------------------------------------
CAR-43-2010 103.20 103.70 0.50 2.00 Series of
cm-thick
quartz-
pyrite
veins; up
to 5%
pyrite
--------------------------------------------------------------------------
CAR-43-2010 112.20 115.25 3.05 1.01
--------------------------------------------------------------------------
Including 112.20 112.75 0.55 2.03 4cm thick
quartz
pyrite
vein, 5%
pyrite
--------------------------------------------------------------------------
Including 114.75 115.25 0.50 2.84 Local
pyrite
carbonate
quartz
vein
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CAR-43-2010 144.00 157.75 13.75 1.30 Includes
anomalous
veinlets
--------------------------------------------------------------------------
Including 144.85 145.50 0.65 1.18
--------------------------------------------------------------------------
Including 150.80 151.30 0.50 31.9 16.6 9cm thick
quartz
pyrite
vein
--------------------------------------------------------------------------
CAR-43-2010 179.60 180.10 0.50 1.14 QFP, 2-3%
pyrite
--------------------------------------------------------------------------
CAR-43-2010 218.10 218.80 0.70 1.26 Local 5%
pyrite
--------------------------------------------------------------------------
/T/
Current drilling continues on the property with one drill defining the
extent of the Zam Zam and Shenkman zones at depth and one drill infilling
and exploring other targets on the 3072 hectare (7591 acre) Carscallen
property.
Quality Assurance / Quality Control
Core processing included descriptive logging and systematic sampling for
analysis. The drill core was sawed in half, with one half delivered to a
commercial laboratory and the other half retained for future reference, gold
assays were performed at ALS CHEMEX Laboratories in Val d'Or, Quebec. The
processed samples were submitted to a standard Fire Assay with AA technique
(Au-AA-23) and Inductively Coupled Plasma Emission Spectroscopy (ME-ICP-41)
on a 30 gram sub-sample. Standards and blanks were inserted randomly into
the sample shipments as part of the sampling protocol.
This Press Release was prepared by Jens E. Hansen, P.Eng, President of
Melkior Resources Inc, Qualified Persons under National Instrument 43-101.
About Melkior:
Melkior is a junior exploration company with active exploration projects in
West Timmins and the Mc Faulds "Ring of Fire" areas of Ontario. Melkior also
holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium
deposit in Ungava and has several other gold properties in Ontario and
Quebec.
This press release may contain forward-looking statements that are subject
to known and unknown risks and uncertainties that could cause actual results
to vary materially from targeted results. Such risks and uncertainties
include those described in Melkior's periodic reports including the annual
report or in the filings made by Melkior from time to time with securities
regulatory authorities.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Melkior Resources Inc.
Jens E. Hansen, P. Eng.
President
613-721-2919
613-680-1091 (FAX)
melkior@rogers.com
www.melkior.com
Neither 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 release.
INDUSTRY: MPMM
SUBJECT: MEX
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