Melkior –Maseres First Phase Drilling Completed
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
MELKIOR –MASERES FIRST PHASE DRILLING COMPLETED
March 26, 2019 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“Melkior”) is pleased to announce that the first drill
program on the Maseres Project has been comple ted. Twenty holes totaling 4,899 meters were
constructed along 2.4 km of priority EM trend. Assays have only been completely received up to
MS-19-7. Drill holes MS-19-8 to MS-19-20 (13 holes) have not yet been submitted or received in
their entirety at present time. Complete assays should be available within four weeks, Phase 2
plans will be presented shortly thereafter. The Maseres drilling permit is the process of being
renewed for 2019.
Melkior has advanced the Maseres Project consiste ntly and aggressively since staking in March
2017. The 2,170-line kilometer GEOTECH VTEM plus time-domain helicopter borne
magnetometer and EM survey was completed in March 2018. Ground truthing of these EM trends
established the almost complete lack of bedroc k exposure within these pr iority trends. Detailed
soil sampling over the intriguing priority EM trends was undertake n through 2017 and 2018. To
continue to advance the Maseres Project it was necessary to establish EM anomaly causation. The
most prominent and accessible EM trend was select ed as a focus area where a line cutting grid
was established and ground geophysics conducted in November and December 2018. This ground
work established the location of the EM anom alies with sufficient accuracy to permit drill
targeting and the completion of the First Phase drilling campaign.
This initial phase of drilling is already considered to be highl y successful, yet it is only the
beginning, and all of the assays have not yet been received. Ba se metal mines are found in VMS
stratigraphy, and VMS deposits are generally located in clusters. Melkior has in excess of 24 km
of horizontal strike length of Priority EM anomalies on the Maseres Project. Melkior has
established that the priority EM anomalies reflect the presence of VMS stratigraphy on the
Maseres Project along 2.3 km of this trend. Melkior has over 20 km of additional strike length to
investigate along the surface. The lack of structural complexity on the Maseres Project allows
Melkior to progressively evaluate this VMS envir onment both along strike and to depth. This first
drilling campaign encountered VMS, manifest primar ily in iron and sulfur, but locally also with
significant silver, lead and zinc. How far could you possibly be from a vent source and still have
iron rich chemical sedimentary layers several meters thick, with credits of silver, lead and zinc?
These are extraordinarily challenging times yet Melkior has been advancing our exploration assets
to create value for our shareholders. If a VMS mine is to be found on the Maseres Project, it will
take commitment and perseverance, in additi on to some significant exploration expenditures
undertaken with intelligence. Me lkior will continue beyond this initial drill program, it is
currently being considered to establish very na rrow ground IP grids along the additional 20+ km
length of the of the priority VTEM EM anomalous trend. Each of these could then be targeted
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effectively with one dri ll hole across the stratigraphy to provide vectoring data to guide future
exploration efforts.
A discussion of the complete assays should be released in about 4 weeks.
Wade Kornik, P.Geo., has approved the information co ntained in this release. Mr. Kornik is the
Exploration Manager of the Company and is a 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.
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.