Timmins, Ontario. Melkior Resources Inc. (“Melkior” or the “Company”) is pleased to announce that the 2017 exploration plan for the Carscallen Project, Timmins, Ontario, was presented to management for review and acceptance and a budget has now been allocated. The exploration plan is currently in the process of being implemented. Exploration permitting has begun and a 2700 m drill contract has been awarded, pending receipt of necessary permits, to begin drilling in the later part of May 2017.
Melkior’s Carscallen Project is located about 20 km west of Timmins and about 6 km west of the Tahoe Resources – Timmins West Mine.
The 2017 exploration plan will de-focus from detailed drilling on the currently defined gold zones and expand the area of exploration on the Carscallen Project within the confines of supporting historical exploration data. Review of historical exploration data has yielded some extraordinary opportunities and advanced multiple target areas to the drill stage without requiring additional ground work or geophysical surveys. Approximately 21 holes are planned within seven new target areas. Investors are welcome to view the exploration program in full on the Company’s website at www.melkior.com.
While maintaining the Carscallen Project as the main exploration focus for 2017, Melkior is always looking for opportunities to enhance shareholder value. The Company has recently acquired a claim group through ground staking in Hemlo, Ontario (see February 15, 2017 news release). Melkior has also recently mapped staked a group of claims within the Osisko – BonTerra – Durango area of activity in Quebec that are pending provincial approval. These pending mapped staked claim units in Quebec cover an area where historical work reports have identified airborne electromagnetic anomalies and conductive trends through aerial surveying. Upon provincial approval of the Quebec claim group, more information will be disseminated.
The Company also wishes to advise that at its annual general meeting held on February 21, 2017, all resolutions were passed. Shareholders approved the election of Keith James Deluce (Jim Deluce), Norman Farrell and Bruce Deluce as directors and approved the appointment of Crowe MacKay as auditors of the Company. At a meeting of directors held after the annual general meeting, the Board approved the appointments of Keith James Deluce as President and Chief Executive Officer, David Lindsay as Chief Financial Officer and Carrie Cesarone as Corporate Secretary.
ON BEHALF OF THE BOARD
Keith James Deluce, CEO
The reader is invited to visit Melkior’s website www.melkior.com.
For more information:
Melkior Resources Inc.
E-mail:[email protected]