Melkior Drilling Update
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
MELKIOR DRILLING UPDATE
September 12, 2017 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“Melkior ”) is pleased to provide an update to ongoing
exploration in the Target “G” Area of the Carscalle n Project in Timmins, Ontario, henceforth
referred to as the “Behemoth Zone”. Drilling is ong oing, with sixteen holes (~3,000m) completed
to date. The drill program has generally been imple mented as described in the 2017 Exploration
Plan available on the Melkior website ( http://www.melkior.com/wp-content/uploads/MKR-2017-
Exploration-Plan.pdf ).
This news release focuses on initial observations from the Behemoth Zone.
CAR-17-13 (Az 250 -45, UTM NAD83 Zone 17 451735E 5356571N) was drilled to final depth of
565 m.
CAR-17-14 (Az250/ -50), CAR-17-15 (Az250/ -70) were both drilled from the same setup 50 m
north of CAR-17_13 to 195 m and 164 m, respectively.
The most recently completed drill hole, CAR-17-16, was collared 50 m south of CAR-17-13 (Az
250/-52) and drilled to a depth of 550 m.
These four drill holes have collectively identified 100 m of strike length of a north-south trending
mineralized fault zone. This mineralized structure was encountered at shallow depths (<100m) in
close proximity to Melkior’s eastern boundary. This structure is on-strike with the Zamzam Zone,
located 1.8 km to the north. Visual observations are encouraging, assays are expected in about one
month.
The “Behemoth Zone”, a second and larger area of in terest, has been encountered by both CAR-
17-13 and CAR-17-16 at depths ranging from 225 m to 425 m downhole. The Behemoth Zone is
comprised of multiple distinct mineralized zones in both of these drill holes. Observations indicate
that the mineralization in these two drill holes is related to a broad complex (north-south trending?)
structure that has experienced multiple periods of deformation. There seems to be a general
commonality to the zones where the granite has been crushed, circulating hydrothermal fluids
produce a pronounced silicified zone marginal and within these cataclastic zones. Multiple periods
of deformation have locally produced further cataclastic deformation, brittle failure with associated
quartz veining, brecciation with associated intense silicification and shearing. Pyrite is commonly
associated with these cataclastic zones and later s ilicifying and mineralizing events. Visible gold
was observed in one location in CAR-17-13 within a structural zone.
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Of note is the newly documented surficial gold occu rrence within the swampy area overlying the
Behemoth Zone that assayed 9.5 g/ton gold. The mineralization observed in the outcrop is within a
silicified cataclastic zone in the granite that hosts a multi-episodic quartz vein (Az 290, -70E) up to
30 cm wide. One of the interesting sections observe d in CAR-17-13 is thought to be the 200 m
down dip extension of this new gold showing.
Of special note is that the Behemoth Zone appears t o be co-located with an interpreted IP
chargeability anomaly with a north-south trend. His torically it has been difficult to correlate IP
anomalies on the Carscallen project to gold occurrences due to the narrow width of the mineralized
zones. The correlation of the Behemoth Zone to an IP anomaly would be considered to be a positive
development.
Also of special note is that within the central portion of the Behemoth Zone is a lamprophyry dyke
several meters wide. Lamprophyrs are indicative of deep seated structural breaks. The magnetic
signature lamprophyre indicates its trend is subpar allel to the surficial gold bearing whaleback
outcrop and the adjacent regional diabase dyke to t he west. The colocation of these individual
intrusive members with the Behemoth Zone reinforces the potential for a large and complex north-
south trending structural zone.
Jim Deluce, CEO of Melkior comments, “Visible gold within the Behemoth Zone is encouraging
however its significance needs to be established th rough assays. I anticipate a pause in drilling to
allow us to assess the assay results. We hope that the assays will support our continued drilling.”
Wade Kornik, P.Geo., has approved the information c ontained in this release. Mr. Kornik is the
Exploration Manager of the Company and is 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.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.