Melkior Announces 9.59 G/T Au on the Denton Property and Drill Program in Carscallen Township
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
Melkior Announces 9.59 G/T Au on the Denton Property and Drill Program in
Carscallen Township
September 18, 2019 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. ( “Melkior”) (TSXV:MKR) is pleased to announce a
new gold surface grab sample on the Denton property within an area of historic trenching that
assayed 9.59 g/t gold and 6.6 g/t silver and is located approximately 60 meters north of highway
101 (NAD83 Zone 17 UTM 447722 E, 5353552 N). This new showing was taken in mid -summer
2019 and is located approximately 2 km east and 1500 meters south of an earlier grab sample that
assayed 3.9 g/t gold (posted on November 13, 2018) and a pproximately 4800 meters southwest of
the Shenkman, Zam Zam and Jowsey Zones . The sample is believed to be located on what may be
the southwestern strike extension of the historical Brown-McDade pit.
Gold mineralization at the Brown -McDade pit occurs at the contact between the Carlton
granodioritic pluton and mafic metavolcanics and is associated with pyrrhotite in quartz veins
within zones of intense carbonatization, sodium depletion and potassium enrichment.
Approximately 1,000 tonnes of this material grading 4.38 g/t Au was mined by Brown-McDade in
1982. The gold occurrence lies on Melkior cell claim number 130664 and is situated in the
northwestern portion of Denton Township, approximately 2 km southeast of the northwestern claim
boundary of Denton Township.
The sample occurs in silicified, cherty and carbonatized intermediate metavolcanics with stacked
en echelon ankeritic and sulphidized veinlets with 2 to 3% disseminated pyrite and pyrrhotite
localized along vein contacts. The grab sample was taken on the western edge of a historical trench
and approximately 30 meters east of a historic shaft.
A strongly developed structural shear occurs on strike with the trench trending N40 E where the
sample was taken. Melkior plans to revisit this showing with an extensive stripping and channel
sampling program to follow up on the strike potential both east and west of the recent grab sample
and trench and shaft locations. Should encouraging assays be retrieved from this follow up program,
further mechanized stripping, trenching and pitting may be warranted with short test diamond drill
holes.
Melkior Resources Inc. is further pleased to announce that planning is currently underway to
initiate a drill program in Carscallen Township commencing in mid-October 2019. The first phase
drill program will target near surface auriferous veins in the Zam Zam/Jowsey areas as well as
deeper drill testing in the Shenkman zone in order to eventually build upon both a near surface and
deeper resource estimate. The holes are fur ther designed to validate earlier interpretive work by
targeting multiple stacked vein systems. Currently, Melkior is in the process of reviewing tenders
from prospective drill contractors.
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.