Melkior Completes Till Survey on its Maseres Property and Stock Options
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
Melkior Completes Till Survey on its Maseres Property and Stock Options
July 09, 2020 Trading Symbol:MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is
pleased to announce that it has completed a till sampling survey on its Maseres Property. The Company will
provide results once received.
The survey consisted of a follow up on soil anomalies that were previously defined by the Company in 2019
(see news release dated October 12, 2018). Following a review performed in early 2020, the Company observed
multiple soil anomalies showing a glacial drift pattern, indicating a potential source of the anomalies up-ice from
the soil survey and not nece ssarily directly under the anomalies. The Company then planned and completed a
B-horizon till sampling survey on specific areas to better define the presence of a glacial drift over potential
mineralized sources.
Covered areas include the SW area from the previously drilled EM targets (see news release dated April 25,
2019). This will allow the Company to further interpret the results from its drill program and to better define
additional targets for mineralizations.
Jonathon Deluce, CEO of Melkior, comments: “The follow-up on the previously defined soil anomalies will allow
the Company to better interpret the source of the anomalies and further confirm their presence. The confirmation
of the anomalies will trigger geophysics surveys on the anomalies to be followed by trenching or drilling.”
The soil samples were sent to ALS Laboratory in V al d’Or and will go through AuME-TL44 assaying protocol,
which consists of assaying of Au and 46 other elements by aqua regia extraction with ICP-MS finish on a 50 grams
sample. Finally, the results will be statistically analyzed to define anomalous thresholds , which will allow the
Company to define anomalies and subsequent exploration targets.
Stock Options
The Company announces that it has granted incentive stock options (the “Options”) to directors , officers and
consultants of the Company for the right to pur chase up to an aggregate of 410,000 common shares of the
Company, exercisable at the price of $0.80 per share for three years. In the event of resignation from the Company
by a director or officer, the Options granted to such director or officer will be subject to an accelerated one-year
exercise period commencing on the date of resignation in accordance with the terms of the Company’s Stock
Option Plan.
Qualified Person
This press release was prepared by Steven Lauzier, P.Geo, OGQ, a qualified person as defined under National
Instrument 43-101, and he has reviewed and approved the geological information provided in this news release
ON BEHALF OF THE BOARD
Jonathon Deluce, CEO
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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.