Timmins, Ontario / TheNewswire / March 5, 2018 – Melkior Resources Inc. (“Melkior”) is pleased to announce the completion of the data collection portion of the 2,170-line kilometer GEOTECH VTEM plus time-domain helicopter borne magnetometer and EM survey on the Maseres Project.
The Maseres Project is located about 14 km southwest of the Osisko Black Dog Project. The Black Dog Project has been reported by Osisko to be a gold-silver-copper discovery in a volcanic sequence coincident with magnetic and electromagnetic anomalies and disseminated to semi-massive Au-Ag-Cu bearing sulfides. One interpretation of magnetic geophysical data suggests that the magnetic trend is folded and continues through the Maseres Project. Mineralized boulders historically identified and co-incident with this folded magnetic trend have been reported to contain up to 11 ppm gold and 2% copper (NR April 13, 2017).
The preliminary GEOTECH data appears to confirm and significantly extend the historically defined EM trend in the northeastern corner of the Maseres Project (NR March 15, 2017). Melkior conducted a soil sampling test grid over this EM trend in 2017. A-horizon soil analysis over the EM trend returned up to 121 ppb Au; 59 ppm Ag; 93 ppm Cu; 78 ppm Zn; 30 ppm Pb (NR September 17, 2017). Final reporting and interpretation of the survey will be delivered within two months. The evaluation of Geotech reporting will help guide future exploration plans for the Maseres Project.
Jim Deluce, CEO of Melkior remarks, “The preliminary data looks exciting and we are anxiously awaiting the final reporting. I hope that the interpretation of the GEOTECH VTEM plus time-domain survey validates our Maseres Project.”
Wade Kornik, P.Geo., has approved the information contained in this release. Mr. Kornik is the Exploration Manager of the Company and is Qualified Person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD
Keith James Deluce, CEO
For more information, please contact:
Melkior Resources Inc.
E-mail: [email protected]
Tel: 705-267-4000