Melkior Announces Promising Grassroots Gold-Base Metal Discovery at Beschefer East
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
Melkior Announces Promising Grassroots Gold-Base Metal Discovery at Beschefer East
July 17, 2025 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario – Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV: MKR) (OTC: MKRIF) is
pleased to announce the results from its six (6) holes for a total of 1,050 metres Winter Drilling Program at the
Beschefer East Project in the Northern Abitibi greenstone belt located approximately 90 km west of Matagami
and 100 km north of La Sarre, Québe c. On June 14th, 2023, the Company entered into an option agreement on
the Beschefer East Project to earn 100% over 3 years from SOQUEM Inc (see news release dated June 14, 2023).
Highlights :
- MKR-BE-2024-001 intersected 5.1 g/t gold, 0.96% copper and 0.68% zinc over 0.9 meters and 7.6
g/t gold over 1.3 meters in a new discovery,
- The drilling successfully confirmed an 800-meter copper-gold mineralized long horizon, initially
identified by Induced Polarization (IP) anomalies and supported by copper enrichment in black spruce
bark sampling,
- These initial results will require more targeted drilling to evaluate the expansion potential of this new
target and to determine if a broader mineralized source exists.
Company Director, Jim Deluce commented: "We are thrilled with these initial drill results from Beschefer East,
which uncover significant exploration potential in a previously unexplored area. These results validate Melkior’s
targeted exploration strategy and mark an important step in unlocking new growth opportunities for the
company.”
2025 Winter Drill Program
A six (6) hole winter drill program aggregating to a total of 1,050 metres was completed at Beschefer East
Project. The drill targets located on the east to central portion of the property was previously untested by
drilling. Each of the six (6) drill holes have a nominal depth of 175 metres.
The drill program targeted a coherent bio-geochemical gold-base metal anomalism that strongly overlaps with
ground Induced Polarization (IP) conductors over a broad zone of low -moderate partially disrupted magnetic
zones. Drilling has largely intersected altered felsic intrusions, felsic volcanics and minor tuffs from holes BE-
24 01 to 04 and hit mafic volcanics on holes BE-24 05 to 06 to the west. The mineralized intersections appear to
be localized at or near the contact of mafic and felsic volcanics along a northeast trending structural corridor
(i.e., Beschefer Trend).
The 100 metre by 100 metre spaced bio-geochemical, spruce tree bark (MMI) sampling program which
collected 1,780 samples has identified five (5) distinct gold-polymetallic anomaly targets with elevated copper,
lead and zinc metal concentrations. The recent drilling represents one of the five anomaly areas within the
property. These anomalous areas will be reviewed for follow-up work as they are also coincident with
geophysical ground IP - EM conductors.
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About the Beschefer East Project
Melkior has entered into an option agreement with SOQUEM Inc in June 2023 on the Beschefer East Project to
earn 100% ownership over 3 years from highly prospective yet underexplored region at Selbaie Mining Camp.
The Project area comprises of 55 mining cla ims covering 2,906 hectares and contains significant gold and
polymetallic potential and geological similarities to Abitibi Metals’ B26 deposit which hosts 11.3 Mt at 2.13%
CuEq and 7.2 Mt at at 2.21% CuEq in the Indicated and Inferred categories, respectively.
The Project shares a border with Abitibi Metals’ Beschefer Project, where historical drilling has identified 55.63
g/t gold over 5.57 metres, including 224 g/t over 1.23 metres within the B14 Gold Zone. Historically, the
Project was explored by SOQUEM between 1992 and 2012, building a tight grid of geophysical anomalies,
followed by drill testing. Over 300 kilometres of surveyed lines, and 11,200 metres (42 holes) of drilling were
completed to date.
Some of the best gold results were obtained from the powerline to the north included Hole 1172-99-30 which
yielded multiple mineralized zones from 2 to 5 g/t gold over lengths of 0.5 to 6 metres within a large interval of
70 metres; hole 1172-13-40 intercepted 2.1 g/t gold over 5.4 metres, including 7.9 g/t gold over 0.9 metres.
Gold mineralization is hosted in a quartz-carbonate centimetric veins network cross-cutting felsic to the
intermediate volcanic rock affected by variable pervasive alteration associated with minor amounts of pyrite.
The southern section has gold- base metal mineralization hosted in deformed and carbonate-altered andesite
with some anomalous copper zones including 0.26 % Cu over 4.8 metres and 0.24% Cu over 4 metres from
holes 1172-98-24 and 1172-99-30, respectively.
Figure 1: Overview of the Beschefer East Property
Figure 2: Beschefer East on Geology and Bio-geochemical (MMI) Anomaly Map showing locations of known
mineralization and gold assay distribution from historical datasets.
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Figure 3: Cross section highlighting the recent drilling assay intercepts from holes BE-2024-01, BE-2024-02 and
BE-2024-05 over coincident gold (red) and copper (blue) bio-geochemical gold-polymetallic anomalies.
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Table 1: Highlight drill hole assay intercepts (uncut)
Hole ID From
(m) To (m) Length
(m) Au (g/t) Cu (%) Zn (%)
BE-24-01 71.2 72.1 0.9 5.1 0.95 0.67
BE-24-01 87.2 88.5 1.3 7.5 - -
BE-24-02 117 117.8 0.8 0.82 - -
BE-24-05 83 84 1 0.49 - -
Note 1: The true width of the intervals has not yet been established by drilling.
Table 2: Drill Hole Information
name UTMnad83_x UTMnad83_y Length Dip Az
MKR-BE-2024-001 664818 5518153 175 -45 285
MKR-BE-2024-002 664818 5518153 175 -45 330
MKR-BE-2024-003 664921 5518214 175 -45 190
MKR-BE-2024-004 664921 5518214 175 -45 120
MKR-BE-2024-005 664681 5517974 175 -45 225
MKR-BE-2024-006 664681 5517974 175 -45 340
Sample AQ/QC
All drill cores in this drilling campaign are NQ in size. Assays were completed on sawn half-cores, with the
second half kept for future reference. The samples were analyzed using standard fire assay procedures with
Atomic Absorption (AA) finish at Techni-Lab Abitibi Inc (Actlabs), Ste Germaine, Quebec. Samples yielding a
grade higher than 10 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same
laboratory. Mineralized zones containing visible gold were analyzed with metallic sieve procedure. Standard
reference materials, blank samples and duplicates were inserted prior to shipment for quality assurance and quality
control (QA/QC) program.
Qualified Person
All technical information in this press release has been reviewed and approved by Martin Ethier, P.Geo. Mr.
Ethier is a consultant for Melkior and a Qualified Person for the purposes of National Instrument 43 -101 –
Standards of Disclosure for Mineral Projects.
About Melkior Resources
Melkior Resources is an exploration stage resource company in world -class mining jurisdictions across Quebec
and Ontario. The company is dedicated to advancing a portfolio of high -potential mineral properties with a
primary focus on gold and base metal exploration.
Melkior’s is flagship projects include Carscallen Project, Beschefer East Projects, Genex Project, Val D’Or, White
Lake, and Maseres Projects. These projects are strategically located in the Abitibi Greenstone Belt, known for
hosting significant gold and base metal deposits.
About SOQUEM
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SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and
development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies.
Proudpartner and ambassador for the development of Quebec’s mineral wealth, SOQUEM relies on innovation,
research andstrategic minerals to be well-positioned for the future.
ON BEHALF OF THE BOARD
Keith James Deluce, Director
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.