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Cours Or & Argent

Melkior Resources Inc.

Publié le 20 mai 2010

Drills 107.50g/t Gold and 31.3g/t Silver Over 0.55 Metres in West Timmins

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Mots clés associés :   Copper | Nickel | Palladium |

 

 

Melkior Drills 107.50g/t Gold and 31.3g/t Silver Over 0.55 Metres in West Timmins

 

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/

 

--------------------------------------------------------------------------

              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/

 

--------------------------------------------------------------------------

                                  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     

--------------------------------------------------------------------------

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

 

-0-

 

Steve Simmons

Investpro Securities

101-28 Deakin St.

Ottawa, On

1-866-484-4001 ext 1005

613-729-4290 ext 1005

 



__________ Information from ESET NOD32 Antivirus, version of virus signature database 5130 (20100519) __________

The message was checked by ESET NOD32 Antivirus.

http://www.eset.com

Melkior Resources Inc.

EXPLORATEUR
CODE : MKR.V
ISIN : CA58549W1059
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Melkior Res. est une société d’exploration minière d'or et de cuivre basée au Canada.

Melkior Res. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont OTISH, MCFAULDS, TIMMINS WEST PROJECT, BRISTOL, DELTA - KENTY(UNGAVA) et LAUNAY II au Canada.

Melkior Res. est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 11,3 millions CA$ (8,3 millions US$, 7,5 millions €).

La valeur de son action a atteint son plus bas niveau récent le 04 décembre 2015 à 0,01 CA$, et son plus haut niveau récent le 22 mai 2020 à 1,25 CA$.

Melkior Res. possède 141 410 000 actions en circulation.

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