Melkior Intersects 60.5g/t Au, 55.6g/t Ag, and 0.13% Cu over 0.5 Meters within 14.76g/t Au over 2.1 Meters at Carscallen
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
Melkior Intersects 60.5g/t Au, 55.6g/t Ag, and 0.13% Cu over 0.5 Meters within 14.76g/t Au
over 2.1 Meters at Carscallen
March 31, 2021 Trading Symbol:MKR
TSX Venture Exchange
Highlights:
• 14.76 g/t Gold over 2.0 Meters (m), Including 60.5 g/t Au over 0.5m, 8.93 g/t Au over 3.0m , 6.85 g/t
Au over 4.1m, 7.79 g/t Au over 2.0m and 6.18 g/t Au over 2.0m.
• 71% hole hit ratio based on intersecting a metal factor interval of 12g/t Au or more.
• Drilling is estimated to resume during Q2 2021, with 4,000 meters currently budgeted for the
remainder of the year.
Timmins, Ontario. Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is
pleased to announce results from 4,440.0 meters of drilling (5,618m program) on the Carscallen Gold project
located approximately 25 kilometers southwest of Timmins Ontario. The total meters were cut short from the
previously announced 6,660-meter extension due to a drill permit limitation.
Program Highlights:
• The Carscallen gold project lies within the township of Carscallen, approximately 25 kilometers
southwest of Timmins, Ontario. It is comprised of 295 claim units covering 47 square kilometers with
100% ownership by Melkior.
• The drill program consisted of 5,618 meters.
• Assay results have been returned for the first 7 holes and are pending for the last 2 holes with visual
indications of mineralization.
Jonathon Deluce, CEO of Melkior, remarks, “We are excited to announce our first results from the Kirkland
Lake Gold Partnership at Carscallen. We continue to extend the Shenkman Zone to the south-east and
demonstrate continuity to our high-grade gold system. We look forward to the summer field program and
remaining drilling planned for 2021.”
Significant Assay Table
Hole-ID From (m) To (m) Length (m) Au (g/t) Ag (g/t) Cu (%) Zn (%)
CAR-20-08 400.5 401.0 0.5 7.39
CAR-20-09B 534.5 537.5 3.0 8.93 3.6 0.26
Incl. 537.0 537.5 0.5 38.8
553.0 556.0 3.0 1.92
Incl. 555.5 556.0 0.5 5.66 5.0 1.1
734.5 735.0 0.5 1.26 4.6 0.26
741.5 742.0 0.5 3.28 4.9 0.99
CAR-20-10 408.45 412.6 4.1 6.85
2
Incl. 412.1 412.6 0.5 40.1
CAR-20-11 293.7 298.8 5.1 2.25
Incl. 293.7 294.2 0.5 12.3
407.5 408.5 1.0 3.83
CAR-21-12 464.5 465.0 0.5 7.46
480.9 483.0 2.1 14.76
Incl. 489.9 481.4 0.5 60.5 55.6 0.13
CAR-21-14 376.0 378.0 2.0 6.52
405.0 407.0 2.0 7.79
Incl. 405.0 405.5 0.5 31.0
* Stated lengths are core lengths as drilled. True widths are estimated to be 80% of reported core length
intervals.
** Drill hole CAR-20-07 was terminated early at 177 meters due to intense faulting. CAR-21-13 did not
return any significant values.
Plan View:
**The intercepts in grey (CAR-19-03A,CAR-20-05,CAR-80-2012,CAR-20-06 & CAR-17-13) refer to
historical results announced during prior programs.**
3
Hole ID Easting
UTM
Northing
UTM
Length (m) DIP Azimuth
CAR-20-08 451918 5357800 750 -60 240
CAR-20-09B 452026 5357874 804 -62 240
CAR-20-10 452019 5358161 705 -65 240
CAR-20-11 451880 5358018 581 -67 240
CAR-21-12 451979 5358019 654 -75 240
CAR-21-14 451979 5358019 669 -70 278
CAR-21-15 451978 5358020 627 -70 248
CAR-21-16 451979 5358020 651 -78 250
The drill program was performed and managed by Kirkland Lake Gold . The drill core was split with half sent
to Actlabs in Timmins, O N, and fire assayed with an AA and gravimetric finish. Whole metallic assays are
performed on samples greater than 10 g/t gold and samples containing visible gold. In addition , all seven drill
holes were treated with the 1E3 36 element multi -element package with aqua regia analyses. Duplicates,
standards, and blanks were inserted into the sample stream.
Carscallen Next Steps:
• Drilling is e stimated to resume during Q2 2021 , with a minimum 4,000 meters currently budgeted for
the remainder of the year.
• Historical geophysics review is underway to assist with exploration targeting.
• This summer, a field program will be conducted to review the historical trenches in the Zam Zam Zone
for structural trends to complement and augment future drilling strategies.
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
Jonathon Deluce, CEO
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.