Announcement Date: 2022-05-03
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Melkior Resources Inc.
Project name: Carscallen
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 2.0m @ 13.42g/t Au from 642m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Timmins, Ontario. Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce results from 3,684 meters of drilling from the $110 million strategic investment and partnership with Agnico Eagle Mines (Previously Kirkland Lake Gold) at the Carscallen Project located approximately 25 kilometres southwest of Timmins Ontario. This program is being operated by Agnico Eagle Mines (“Operator”) under the option / joint venture announced on Sept 28, 2020. As of March 2022, there was approximately $1.3M of work commitment left to be spent by September 2022 to meet the minimum commitment. Both vein intersections in drill holes CAR-21-18 and CAR-21-19 are interpreted to be the same vein system, with CAR-21-18 intersected at approximately 280 meters vertically below surface and CAR21-19 at approximately 300 meters vertically below surface. In addition, with multiple vein intersections in CAR-21-18, these intercepts open this 300-meter gap between the two drill holes for additional drill testing and extend the ZamZam/Jowsey zones by 350 meters, which is open to the north.
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