Melkior – Hemlo 2018 Exploration Plans
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
Melkior – Hemlo 2018 Exploration Plans
April 10, 2018 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“ Melkior ”) is pleased to present the following discussion o n
exploration plans for the White Lake Project (Hemlo ). The White Lake Project is comprised of 373
contiguous claim units (13,745 acres). The White Lake Project is located approximately 15 km northeast of
the Hemlo Gold Mine currently operated by Barrick Gold Corporation.
The Melkior 2017 soil sampling program focused on a central area of the White Lake Project and succeeded
in validating previously reported soil sampling res ults. The initial review of historical data was int riguing
but complex and fractionated. In evaluating the next steps to advance the White Lake Project, all hist orical
information was reviewed again in more detail. The review evaluated all of the known previous work (AFRI
files) available from the MNDM and georeferencing t he historical digital maps into a GIS database. The
AFRI files and maps were individually evaluated and polygons created over the perceived most important
areas defined by the individual work program. All AFRI files available were processed and used to produce
a “Target Map - Detail Area”.
Two download links are provided in support of this news release:
1) Target Map – Detail Area ( http://www.melkior.com/rch-content/uploads/2018_04_10-MKR-
HEMLO-NR-Support-Doc-1.pdf )
- A PDF map that shows priority area derived from AFR I review and resultant defined priority
exploration areas, attached as final page to this news release.
2) White Lake Project - Exploration 2018 ( http://www.melkior.com/white-lake-project-hemlo-
exploration/ )
- A discussion of the review process and interrelationship between various data sources in determining
priority exploration areas. A different version of “Target Map – Detail Area” is included as the last
map presented in support of the geological discussion.
Interested parties are encouraged to review the above noted supporting documents for a better understanding
of the selected priority areas for exploration. Melkior will undertake a geological field program and plans to
undertake a GEOTECH helicopter borne EM, magnetomet er survey over the entire White Lake Hemlo
Project in 2018. Melkior’s goal is to advance the White Lake Project to the drill stage. The Kakeeway claim
has an existing MNDM Exploration Permit in good standing that permits drilling.
Five priority exploration areas were defined and are presented in the following table:
2
Area 1 -located within a geological sequence report ed as similar to that hosting the Teck-Corona
deposit.
-locally areas of strong co-incident: VLF anomalies ; IP chargeability zones; gold in soil
anomalies up to 616 ppb Au; margins located along c ompetency contrast associated with
volcanic, sedimentary stratigraphy; Germanium in so il anomaly; Mercury in soil anomaly;
Zinc in soil anomaly; Antimony in soil anomaly, Mol ybdenum in soil anomaly. Transected
by inferred fault system also with associated germa nium in soil anomaly; 700m trend of
multiple airborne EM anomalies.
Area 2 -a three-kilometer-long volcanic and sedimen tary package that is interpreted to be transected
by a fault system with elevated germanium that disrupts the continuity of two one-kilometer
long trends of multiple airborne EM anomalies.
- HLEM and VLF anomalies situated between high and low magnetic units locally interpreted
to be a sedimentary-volcanic contacts with co-incident gold in soil anomalies, including one
area that has a weighted average of 30ppb Au over 2 75m. Outcrop of sedimentary rock
“arkose” reported in area of transition from magnet ic low to magnetic high with associated
coincident gold in soil anomalies and HLEM conductors.
Area 3 Inferred stratigraphic contact associated wi th transition from high to low magnetics that is
transected by inferred fault system with associated Germanium in soil anomaly; Mercury in
soil anomaly; Zinc in soil anomaly; Antimony in soil anomaly, Molybdenum in soil anomaly.
Reproduced strongly elevated Gold in soil anomalies, up to 707 ppb.
Area 4 Section of inferred fault system between Are a 3 and Area 4 with associated Germanium in
soil anomaly; Mercury in soil anomaly; Zinc in soil anomaly; Antimony in soil anomaly,
Molybdenum in soil anomaly, gold in soil anomaly.
Area 5 Section of inferred fault system immediately west of Area 1 with associated Germanium in
soil anomaly; Mercury in soil anomaly; Zinc in soil anomaly; Antimony in soil anomaly,
Molybdenum in soil anomaly, gold in soil anomaly.
Jim Deluce, CEO of Melkior remarks, “We have confid ence that our White Lake Project has the hallmarks
of Hemlo type deposits, with the added twist of a c rosscutting potentially mineralized fault. The field work
this summer will try to determine if there is any gold mineralization associated with this fault. Our primary
focus will be to define Hemlo type targets, a VTEM survey is planned for 2018, this should help to bri ng
everything into focus.”
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
The reader is invited to visit Melkior's web site www.melkior.com.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.