Melkior Plans Metallurgical Testing and Drilling at Carscallen Gold Project in West Timmins, Ontario, and Launay Gold Project in the Abitibi Greenstone Belt
Melkior Resources Inc. (TSX-V – MKR) announces that its geological consultants, Geovector Management, are currently preparing two programs for each of the Carscallen and Launay gold properties; this includes metallurgical testing and drilling on each property.
The planned program for Carscallen will focus on defining a potential near-surface resource on the ZamZam zone to a depth of on the order of 150 metres. A mineralized envelope has been determined and about half a dozen additional holes will be drilled (about 100 to 150 metres deep) to complete the gaps and provide more complete and accurate data for resource calculation. Presently a sample is being prepared for metallurgical testing.
A similar program is being undertaken at the Launay gold project in Quebec. Historical data has been digitized and compiled. The positions of these historical holes were double-checked based on several drill casings that were located in the field by surveyors Corriveau J.L. & Assoc. Inc. The locations of historical holes are known to within 25 metres. Drill sections have been drawn incorporating historical drilling and drilling results from 2012. Mineralized envelopes will be determined and metallurgical testing on samples for gold recovery will be done at Activation Laboratories Ltd..
At Carscallen approximately 33,000 metres of drilling has identified a significant gold zone at ZamZam and Shenkman extending from surface to a depth of approximately 400 metres. The zones are open at depth and along strike. Included are surface grab samples of up to 843.72 g/t gold (NR November 26, 2012) surface channel sampling of 4.20 metres @ 5.66 g/t gold (NR December 17, 2012) and drill holes up to 3.70 m @ 51.92 g/t gold (NR April 12, 2012).
This news release has been prepared by Jens Hansen P. Eng President of Melkior Resources Inc. Jens Hansen will be attending the Indaba Conference in Capetown South Africa on February 4 to 7 2013.
About Melkior:
Melkior is a junior exploration company with active exploration projects in West Timmins and holds several other exploration properties of which the most important is the 100% owned Launay gold property in West Quebec. Melkior also holds two claim groups in the Long-Lac gold camps as well as 49% of the Delta Kenty nickel-copper deposit in Ungava.
For more information:
Melkior Resources Inc.
Tel: 613.721.2919
Fax: 613.680.1091
E-mail: [email protected]
Web: 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.
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.