Melkior Mobilizes to Urban-Barry Area
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
MELKIOR MOBILIZES TO URBAN-BARRY AREA
May 29, 2017 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“ Melkior ”) is pleased to announce that it is in the
process of mobilizing to conduct a geological inves tigation on the Maseres Project in the Urban-
Barry Greenstone Belt, Quebec. The Maseres Project is located about 14 km southwest of the
Osisko Mining Corp.’s Black Dog Deposit. The Black Dog Project has been reported by Osisko to
be a gold-silver-copper discovery in a volcanic seq uence coincident with magnetic and
electromagnetic anomalies and disseminated to semi- massive Au-Ag-Cu bearing sulfides. The
Black Dog appears to be on the same magnetic trend as Bonterra Resources Inc.’s Gladiator Project.
One interpretation of magnetic geophysical data sug gest that this magnetic trend is folded and
continues through the Great Thunders Great Dane Pro ject and Melkior’s Maseres Project.
Mineralized boulders have been historically identified co-incident with this formational conductor
and reported to contain 11 ppm gold and 3% copper. Melkior’s initial program will consist of
prospecting and sampling on the Maseres Project ove r the metavolcanic sequence that hosts the
formational conductor, south of the Great Thunder property boundary.
Melkior continues to be active in the Hemlo Area, two additional areas of claims have been staked
with recordings pending. These claim groups are contiguous to Melkior’s existing holdings, more
information will be released on the Ministry of Nor thern Development and Mines (“ MNDM ”)
posting of the mineral claims. Melkior has also bee n active in evaluating prospective property in
the Hemlo area, site visits have been conducted and assays are pending. Additional information on
changes to Melkior assets in the Hemlo area are forthcoming. Melkior’s current claim group adjoins
Canadian Orebodies Inc. and is 3 km west of the cla ims held by Golden Peak Minerals Inc. The
property is located approximately 15 km northeast o f the Hemlo Gold Mine currently operated by
Barrick Gold Corporation.
Melkior’s Carscallen Project, Timmins, Ontario, cur rently has an exploration permit pending with
the MNDM. The Application for the Exploration Permi t has been posted to the Environmental
Registry. A drill contract for 2,700 m has already been awarded for the Carscallen Project and
Melkior is fully funded to complete this drilling. On MNDM permit approval, the 2017 Exploration
Plan will be implemented. The 2017 Exploration Pla n is available on the Melkior website
(http://www.melkior.com/wp-content/uploads/MKR-2017-Exploration-Plan.pdf ).
Melkior is always searching for new opportunities and is working to enhance its claim inventory in
Hemlo, Urban-Barry and in Timmins with the goal of increasing shareholder value.
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Jim Deluce, CEO of Melkior expressed, “We are very excited to implement a geological program
on our Maseres Project. We hope to establish gold v alues within the formational conductor that
Melkior interprets to extend up through the Great T hunder Property and possibly through to
Osisko’s Black Dog Deposit. We are actively advanci ng our projects and we hope that our efforts
enhance our shareholders’ value.”
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.
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.