Melkior Announces 71.9g/t Au in Grab Sample from Summer Program and Resumption of Drilling at Carscallen
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
Melkior Announces 71.9g/t Au in Grab Sample from Summer Program and Resumption of
Drilling at Carscallen
November 9, 2021 Trading Symbol:MKR
TSX Venture Exchange
Highlights:
• Drilling is underway at Carscallen, with 3,700 meters currently budgeted for the remainder of the
year across 4 targets.
• Review/modelling of historical work and strong summer grab samples has led to the identification of
3 new drill targets within the Zamzam-Jowsey North, Mystery South and Behemoth Zones.
• 64 of 73 total surface grab samples ran greater than 0.50g/t Au with 34 samples over 5 g/t Au and the
highest sample running 71.9 g/t Au in the Zamzam North Zone
Timmins, Ontario. Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is
pleased to announce an update on its summer exploration and drilling commencement for the $110 million
strategic investment and partnership with Kirkland Lake Gold (Operator) at the Carscallen Project located
approximately 25 kilometres southwest of Timmins Ontario. This program is being operated by Kirkland Lake
Gold (“Operator”) under the option / joint venture announced on Sept. 28, 2020. As of September 2021, there
was approximately $1.9M of work commitment left to be spent by September 2022 to meet the minimum
commitment.
Jonathon Deluce, CEO of Melkior, remarks, “We are very excited that drilling has resumed at Carscallen.
We look forward to evaluating these new and reinterpreted targets developed by a strong technical operator
through a review of historical work and a summer field program that best positions the Project for further drill
success. The Carscallen Project has continued to demonstrate the potential to be a high-grade gold system with
continuity amongst numerous zones. With every drill program, we push to make that game-changing discovery
hole, and we are confident that we have the best partner to achieve this goal.”
VIDEO: Melkior CEO Update
Drill Program:
The Company is pleased to announce the commencement of a 3,700-meter drill program at Carscallen. Since
optioning the Property, the Operator has conducted a thorough compilation and review of drilling,
geophysical, soil geochemistry, and LiDAR datasets. From this review and the summer grab results, the
planned drill holes will test gold targets at the north and south of the known gold mineralization zones,
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particularly at Zamzam-Jowsey North, Mystery South, and Behemoth. There are also two planned extension
holes designed to test the downdip continuity of the gold zones approximately 200m below existing drilling at
the Zam-Zam/Jowsey and Shenkman zones.
Summer Program:
A series of surface grab samples were taken from a combination of known occurrences and some undrilled gold
showings, with many samples being confirmation of historical work. Areas of primary interest include north of
the Zam Zam North, Jowsey, Mystery South, and Behemoth zones , where drill targets have been identified for
testing. A total of 64 out of 73 total rock samples collected from an intermittent sampling program during the
summer returned greater than 0.50 g/t Au, with 34 samples running >5.0gpt, of which the highest-grade grab
sample (71.9 g/t Au) was taken from a 3.0-meter-wide silica-sulphide alteration zone, with multiple narrow sub-
vertical quartz-sulphide veinlets at the Zamzam North. This sample was taken 10.0m south of the northern limit
of the Zam Zam Zone surface exposure. A review of historical sample data shows this value to be the highest
grade reported over a 100 meters strike length of the intermittently exposed mineralization on the Zam-Zam North
and South z ones. Significant high-grade quartz-sulphide veins were also encountered at Zamzam South (55.1
g/t Au), Jowsey (18.1 g/t Au), 1010 North (56.1 g/t Au), Shenkman West (9.20 g/t Au), Mystery South (11.60
g/t Au), Aumo (6.09 g/t Au) and Behemoth Zone (4.97 g/t Au). These new gold assays from grab samples have
continued to confirm the high-grade gold potential at Carscallen Property along the NNW SSE mineralized
corridor. The recent mapping, sampling and the continued compilation of past work and information from past
and planned drilling, will help establish a better understanding of the setting of the gold mineralization on the
Property and will lead to new targets for exploration.
Figure 1: Summer Grab Assays
Click for Full Size
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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
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.