Melkior Intersects 1.5 Metres at 34.06 g/t Gold at the Carscallen Gold Project, in Timmins, Ontario
28 Novembre 2013 - 1:57PM
Marketwired Canada
Melkior Resources Inc. (TSX VENTURE:MKR) ("Melkior") is pleased to announce
results from the first six holes of fifteen holes from its current drill
program. These six holes include gold intersections of 1.50 metres of 34.06 g/t
gold and of 0.65 metres of 40.4 g/t gold (see Table 1 below for complete
results). The six holes covered a portion of the ZamZam zone for over 170 metres
along strike. The holes were collared to intersect the zone at an approximate
vertical depth of 80 to 115 metres along the strike and at an approximate 30
metre spacing to systematically test the internal variations of grades and type
of veining. The current program compliments earlier drilling and is intended to
be used in a resource calculation.
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From To Length
Drill hole number (metres) (metres) (metres) Gold (g/t) Zone
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CAR-86-2013 29.50 30.15 0.65 0.98 Jowsey
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CAR-86-2013 36.00 36.75 0.75 3.44 Jowsey
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CAR-86-2013 39.40 40.40 1.00 1.36 Jowsey
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CAR-86-2013 91.35 92.00 0.65 40.40 ZamZam
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CAR-87-2013 13.50 14.00 0.50 2.37 Jowsey
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CAR-87-2013 108.00 109.00 1.00 2.95 ZamZam
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CAR-88-2013 88.75 90.25 1.50 34.06 ZamZam
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Including 88.75 89.30 0.55 80.50
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CAR-89-2013 90.40 91.00 0.60 0.91 ZamZam
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CAR-89-2013 104.10 104.65 0.55 1.04 ZamZam
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CAR-89-2013 110.00 110.50 0.50 1.34 ZamZam
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CAR-89-2013 111.20 112.10 0.90 0.71 ZamZam
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CAR-90-2013 83.15 84.15 1.00 8.73 ZamZam
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CAR-90-2013 96.25 99.15 2.90 3.19 ZamZam
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Including 98.20 99.15 0.95 8.93
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CAR-90-2013 100.00 100.85 0.85 0.72 ZamZam
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CAR-90-2013 108.25 109.00 0.75 2.46 ZamZam
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CAR-90-2013 112.10 113.00 0.90 1.80 ZamZam
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CAR-90-2013 113.00 114.00 1.00 0.96 ZamZam
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CAR-90-2013 83.15 114.00 30.85 0.77
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CAR-91-2013 21.55 22.40 0.85 1.07 Jowsey
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CAR-91-2013 26.10 26.70 0.60 1.52 Jowsey
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CAR-91-2013 100.10 100.60 0.50 25.7 ZamZam
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Table 1: Results from assay. Intersections represent core length, true width
to be calculated.
Within the ZamZam system, the mineralized veins vary in width and grade along
strike. The high grade mineralization consists of a single interval varying from
0.50 to 2 metres thick and includes quartz veins and pyrite veins; pyrite
proportion varies. This single interval typically contains gold grades above 10
g/t. The lower grade series of veins consists of several small quartz and pyrite
veins occurring within a 5 to 10 metre interval for a total intersection of
about 20 to 30 metres wide. These veins commonly contain gold grades below 5
g/t.
Gold intersections were encountered at the top of some holes (which represent
the Jowsey Zone; Table 1), the focus, however, remains on the ZamZam Zone for
resource calculation purposes.
Conclusion
These results are encouraging because they demonstrate that high-grade
mineralization occurs in a single vein structure which is easy to follow from
one hole to the next.
Drill data from the 2007 - 2012 will be integrated with the current drilling to
present a plan for the top part of the ZamZam system. This will provide the
lateral and vertical outline of the upper portion of the zone.
Results are pending for approximately 100 samples from the remaining 9 holes.
Quality control
Core processing included descriptive logging and systematic sampling for
analysis. The drill core was sawn in half, with one-half delivered to a
commercial laboratory and the other half retained for future reference. Samples
were submitted to ALS Chemex Laboratories in Timmins, Ontario. The processed
samples were subjected to a standard fire assay with AA technique (Au-AA-23) on
a 30-gram subsample. Standards and blanks were inserted randomly into the sample
shipments as part of the sampling protocol. For samples returning greater than
ten g/t gold, follow-up analysis using fire assay with a gravimetric finish is
completed. Following receipt of assays, visual analysis of mineralized
intercepts is conducted, and additional analyses may be requested to ensure the
accurate representation of the mineralized zones.
This press release was prepared by Dr. Eric Hebert, PGeo, of GeoVector
Management Inc., qualified person under National Instrument 43-101. Dr. Hebert
has supervised the diamond drill program, logged the core, designed the sampling
program and reviewed the quality control information.
About Melkior:
Melkior is a junior exploration company with active exploration projects in West
Timmins and holds several other exploration properties.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Melkior Resources Inc.
Jens E. Hansen
President and CEO
613.721.2919
613.680.1091 (FAX)
info@melkior.com
www.melkior.com
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