Melkior Carscallen – New Showing 3.9 G/T Au
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
MELKIOR CARSCALLEN – NEW SHOWING 3.9 G/T Au
November 13, 2018 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“ Melkior”) is pleased to announce a new gold
showing on the Carscallen Project, Timmins Onta rio. Assay results have returned 3.9 g/t gold
from a new showing located approximately 300 m north of Highway 101 (NAD83 Zone 17 UTM
449688 E, 5355050 N). This new showing is located a pproximately 2.0 kilometers west of the
Behemoth Zone and a gold bearing vein hosted with in a north -south structure identified in drill
holes CAR-17-13 (21.80 g/t gold over 1.6m), CAR-17-14 (31.65 g/t gold over 1.6m) and CAR-
17-16 (17.50 g/t gold over 0.30m).
Melkior is aggressively advanc ing the Maseres Project and cons equently the Carscallen Project
has not received very much attention this summer. The limited field work was focused on
following up on LIDAR data that suggested the pot ential for undocumented historic trenches. At
one of these locations a historic trench was veri fied and samples from the waste rock adjacent to
the trench yielded maximum assays of 3.9 g/t gold, 8.9 g/t silver , 226 ppm lead, 915 ppm zinc, 23
ppm bismuth and > 10,000ppm Arsenic.
Evaluated in isolation the showing is of limited interest, however there are several aspects that
merit discussion. The historic tren ch is located within mafic volcanics in very close proximity to
the boundary between the “granitic intrusive” a nd mafic volcanics. Locally the contact between
the granitic intrusive and the mafic volcanic host is exposed. The showing is a gold bearing quartz
quartz vein hosted within a north-south trending st ructure within mafic volcanic host. This setting
is consistent with Melkiors hypothesis that mine ralization has been directed from the Porcupine
Destor Fault through north-south hydraulic condu its into the Carleton Pluton. Of additional
significant interest is that this showing is also in very close proximity where chert was observed
within the mafic volcanic sequence. Some of th e more recent geological maps do not include iron
formation at this location however a review of historical geological reports document iron
formation in this area.
The intersection of the north-south structure th at hosts the gold beari ng vein and any iron
formation units are a good shallow drill targets. The presence of iron formation in such close
proximity to the intrusive contact in close proximity to the surface is itself a potential drill target.
Additionally, where the gold bearin g quartz vein is expected to cross the significant competency
contrast at the granitic contact at shallow depth is a potential drill target.
The surficial exposure of the Carlet on Pluton at this location suggest s that either that the depth to
the mafic volcanic contact at the southern portion of the Behemoth Zone located less than 2 km to
the east, should be significantly shallower in the vicinity of Highway 101 or that there could be a
significant fault between the Behemoth Zone and the location of this new showing.
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Jim Deluce, CEO of Melkior remarks, “Melkior continues to hold the Cascallen Project in highest
regard and we hope to refocus exploration efforts on Carscallen in 2019. “
Wade Kornik, P.Geo., has approved the information co ntained in this release. Mr. Kornik is the
Exploration Manager of the Company and is a Qualified Person as defined by 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.