Melkior Announces 700M Drill Program at Maseres (Urban Barry)
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
MELKIOR ANNOUNCES 700M DRILL PROGRAM AT MASERES (URBAN BARRY)
January 22, 2021 Trading Symbol:MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“ Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is
pleased to announce the commencement of 700 meters of drilling at Maseres. This program will consist of 4
holes to test the re-interpreted up-ice target from previously identified till and soil anomalies.
VIDEO: Melkior Resources CEO Update
Figure 1: Proposed Drill Holes and Targets
The Company determined this target through reevaluating its geochemical data, following a till survey
completed on the Maseres Property during the summer (see news release dated July 9th, 2020). The till survey
was conducted to confirm previously known soil sample anomalies defined in 2019 by the Company. The
survey includes the SW area from the previously drilled targets, and the new interpretation is shown in Figure
2. The re-interpretation of the 2019 soil results and 2020 till sample results indicate a possible source of
mineralization on the Property, just up-ice from the previously drilled locations. The Company selected four
holes located up-ice, which also target IP anomalies, as shown in the below table.
Table 1. Targeted Geophysical Anomalies Up-Ice
Hole ID Chargeability Resistivity Magnetism
MS-21-21 Very Weak High Contact high/low
MS-21-22 Strong Low Low
MS-21-23 Strong Low Low
MS-21-24 Moderate Low Moderate
Figure 2. New Interpretation of the Source of the Anomalies in Till and Soils
Jonathon Deluce, Chief Executive Officer of Melkior Resources, commented: “We are excited to
commence our 700-meter program on our Maseres Project in the Urban-Barry Gold Camp. The re-interpretation
of the previous soil samples and 2020 till samples provide a renewed theory on our A Block target shown in
Figure 2. While the previous drill program focused on the IP targets under the strong soil results, we believe
that the potential source of the Au, Ag, Zn anomalies are “up-ice” and along the structure further to the north-
east”
Qualified Person
This press release was prepared by Steven Lauzier, P.Geo,OGQ and by Pierre-Alexandre Pelletier, P.Geo OGQ,
who are qualified persons as defined under National Instrument 43-101, and who reviewed and approved the
geological information provided in this news release.
ON BEHALF OF THE BOARD
Jonathon Deluce, CEO
For more information, please contact:
Melkior Resources Inc.
E-mail: [email protected]
Tel: 226-271-5170
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.