Melkior Announces Mise-a-la-Masse Results and Drilling Plans at Carscallen
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
Melkior Announces Mise-a-la-Masse Results and Drilling Plans at Carscallen
January 23, 2020 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“Melkior”) (TSXV:MKR) is pleased to announce the
results of the down hole mise-a-la-masse survey which was completed on drill holes CAR-19-03A
and CAR-80-2012 in early January 2020. The survey appears to have been successful in outlining
a conductive source approximately 170 meters southwest of the collar coordinates of drill hole
CAR-19-03A. Dramatic current flow spikes downhole in both drill holes were used as injection
points and revealed currents flowing southwestward to what appears to be a significant conductive
source. Based upon the strength of conductivity of this zone, it is postulated that this may represent
the source of copper in the recent drilling and would therefore, merit an investigative drill hole
planned to a depth of 600 meters.
In fol low-up to the encouraging mise -a-la-masse survey, Melkior is commencing the contract
tendering process for a n 1800-meter drill program. The first phase of the proposed drill program
will focus on following up on drill hole CAR-19-03A, which intersected 23.5 g/t Au over 8.0
meters from 426.0 to 434.0 meters. This intercept is interpreted to be approximately 150 meters
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downdip of an earlier intercept in CAR-61-2012 which assayed 4.34 g/t Au over 13.0 meters from
272.0 to 285.30 meters. The proposed drill hole will be drilled midway between these two intercepts
in order to validate the current interpretation. The drill hole is further designed to investigate a
copper intercept within the underlying mafic volcanics which was intersected in hole CAR-79-2012
and assayed 3.5% copper over 1.35 meters from 528.0 to 529.35 meters.
A second drill hole is proposed to expand on the strike extent of the gold bearing system with a drill
hole collared 25 meters northwest of CAR -19-03A and 35 meters northeast of drill hole CAR-71-
2011 which intersected four disparate gold bearing vein systems including 97.3 g/t Au over 0.5
meters from 254.0 to 254.5 meters and 4.1 g/t Au over 4.55 meters from 262.7 to 267.25 meters.
The proposed drill hole is designed to intersect these auri ferous zones approximately 160 meters
downdip as well as to confirm strike continuity to the intercept in CAR-19-03A.
The third drill hole will be located to drill into the identified target to the southwest. As copper has
been encountered both in recent drilling in drill hole CAR -19-03A (.036% copper over 81 meters
from 432 to 513 meters, see December 4, 2019 press release) and CAR-79-2012, it is suggested that
these intercepts may emanate from the conductive zone to the southwest. The collar will also be
located approximately 50 meters southeast of drill hole CAR-69-2011which intersected 16.1 g/t Au
over 1.65 meters from 508.45 to 510.10 meters within the mafic volcanics below the granodiorite.
Any auriferous vein systems encountered in this proposed hole could also effectively increase the
strike extent of the gold system by approximately 100 meters to the southeast of the previous drill
campaign.
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.