Melkior Acquires 15 Additional Claims on the Northern Boundary of Its Carscallen Land Package
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
Melkior Acquires 15 Additional Claims on the Northern Boundary of Its
Carscallen Land Package
November 26, 2019 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. ( “Melkior”) (TSXV:MKR) is pleased to announce it
has acquired 15 additional mining claims that straddle the northern boundary of its Carscallen land
package. The claims occur within a geologically favorable package compris ed of felsic
metavolcanics rocks located between the eastern portion of the Kamiskotia Gabbroic Complex and
a south trending felsic intrusive. The claims are located approximately 1.8km southeast of the
Desantis Prospect which lies within that Kamiskotia Gabbroic Complex and is comprised of a north-
south trending auriferous vein system hosted within a quartz feldspar porphyry adjacent to a diabase
dyke. Please refer to the link below for an updated property map:
http://www.melkior.com/rch-content/uploads/melkior_claim_map_nov2019-1.pdf
The Desantis prospect consists of a shaft sunk to 45 meters with 304 meters of drifting and
crosscutting on the 38-meter level conducted from 1928 to 1930 in order to extract gold from a vein
system which has been traced for approximately 140 meters, over an average width of 1.5 meters.
Sampling from the 38-meter level south drift returned assays ranging from 4.3 g/t Au to 18 g/t Au
and assays from pulps of grab samples extracted from neighboring trenches returned up to 7.58%
Cu. Recent prospecting in proximity to the DeSantis Prospect has uncovered east -west trending
shear zones with mineralized vein systems which may be analogous to the systems encountered in
the south-central portion of Carscallen Township such as the Shenkman and Zam Zam zones.
Research indicates that the only drilling recorded is approximately 130 meters east of cell claim
564351 which was conducted by Conwest Exploration Inc. in 1975. The drill hole referred to as
ddh CON-75-2 intersected rhyolitic and graphitic pyroclastics with anomalous copper up to .1%
indicative of a volcanogenic massive sulphide (VMS) environment. The Genex deposit which is
estimated to contain 213,000 tonnes of indicated resources at 1.68% copper and 145,000 tonnes of
inferred resources at 1.68% copper ( non 43- 101 compliant: Beaudry 2016) is approximately 7.0
kilometers northeast of the newly acquired claim package and it is suggested that the geologic
environment may be prospective both for targeting VMS and mesothermal gold vein systems.
A preliminary program of geochemical soil surveys and ground geophysics contingent upon results
from early prospecting and mapping initiatives will be recommended on the prospective new claims
in this under -explored area adjacent to the Desantis Prospect, to determine if the east -west shear
zones encountered southeast of this gold bearing vein system continue eastward onto the recently
acquired claims and to explore for potential VMS environments.
Assays are pending from Actlabs in Timmins Ontario for the recent drill program on the south
central portion of Carscallen Township in the Shenkman and Zam Zam zones.
2
Qualified Person
All technical information in this press release has been reviewed and approved by Peter Caldbick,
P.Geo. Mr. Caldbick is a consultant for Melkior and a Qualified Person for the purposes of 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.