Melkior Provides Report on Future Expectations
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
Melkior Provides Report on Future Expectations
October 5, 2017 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“ Melkior ” or the “ Company ”) is pleased to provide a
summary of the Company’s achievements on its proper ties in 2017 and the goals the Company hopes to
accomplish over the next year.
Timmins
1. Soil samples submitted, evaluated and reported;
2. Assays results from drilling pending;
3. Next phase drilling;
4. Acquire additional strategic claims.
Timmins area projects include: Carscallen, Big Marsh, Bristol and Sewell.
Carscallen: The 2017 Exploration plan has been initiated. A significant majority of the core samples
submitted for analysis are outstanding. The drill program has been paused to await assays. Upon receipt
of analytical data and its evaluation, it is anticipated that the 2017 Exploration Plan will be re-engaged.
A significant number of soil samples from Carscalle n were taken in August 2017. These samples will be
submitted for trace element analysis and the subseq uent evaluation used to guide additional surface wo rk
this year. It is hoped that these results, in addition to follow-up ground work, will generate additional drill
targets.
Big Marsh: The Big Marsh Project requires a significant amount of assessment work to maintain the group
in good standing. Several options are currently being considered to keep the claim group in good standing.
While no definite exploration commitments have been made, there is no current plan to let these claims
lapse.
Bristol: Soil sampling program has been completed over a ch argeability anomaly on the Bristol claim
group. Samples will be analysed for trace elements and these results evaluated. Based on the analytica l
results, additional avenues of exploration will be assessed. Expenditures on this program will maintain the
claim group in good standing for several years when the assessment report is filed in late 2017.
Sewell: This is a recent addition to the Timmins project group. While Sewell is not on the forefront of our
exploration plans, its exploration potential is being assessed prior to budgetary commitment.
Urban Quebec (map link http://www.melkior.com/maseres-gold-project/assay-results/ )
1. Surface samples submitted, evaluated and reported;
2. Airborne of complete property;
3. Exploration permits followed by drilling.
In the summer of 2017, a test grid of soil sampling was undertaken and samples submitted for trace analysis.
The soil samples have recently been received and ar e being evaluated. It is anticipated that the succe ss of
this exploration method in this area will lead to undertaking a helicopter borne electromagnetic survey over
the entire claim group. The detailed geophysical in formation is anticipated to generate an additional
program of soil sampling, summer 2018. The goal is to generate high quality drill targets and to catap ult
this embryonic project to the drill stage.
White Lake Project - Hemlo Ontario
1. Surface sample submitted, evaluated and reported;
2. Airborne of complete property;
3. Exploration permits followed by drilling.
A field crew is completing the acquisition of a significant soil sampling program over a portion of the White
Lake project. These samples will be submitted for trace analysis. The work will be submitted for assessment
credits to maintain the claim group in good standin g. The area of the survey historically hosted sever al
anomalous gold in soil trends. Based on the evaluat ion of the analytical results a progressive explora tion
program will be planned and implemented.
Other
Sell or joint venture all other non-core properties: Melkior is within a period of re-focus, re-branding
and rejuvenation. A conscious focus is being maintained on three areas: Timmins, Urban-Barry and Hemlo.
All other assets at the current time are being considered for sale or joint venture.
New Website: A fresh online rebrand is in the works with the dev elopment of a new website with the
addition to a more comprehensive social media strategy. The new website will reflect the new direction that
management has recently taken with new content and design. The website will be modernized to be more
user-friendly on mobile devices with addition to the desktop.
New Corporate Presentation: After the new website launch, we will be providing investors with a new
corporate presentation that reflects our new rebranding strategy and outlook that solidifies the direction
the Company is planning.
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.
This press release contains "forward-looking inform ation" that is based on Melkior’s current expectati ons, estimates, forecasts
and projections. This forward-looking information includes, among other things, statements with respect to Melkior’s exploration
and development plans. The words "will", "anticipat ed", "plans" or other similar words and phrases are intended to identify
forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors
that may cause Melkior’s actual results, level of a ctivity, performance or achievements to be material ly different from those
expressed or implied by such forward-looking inform ation. Such factors include, but are not limited to : uncertainties related
exploration and development; the ability to raise s ufficient capital to fund exploration and developme nt; changes in economic
conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory,
political and competitive developments; technologic al or operational difficulties or inability to obta in permits encountered in
connection with exploration activities; and labour relations matters. This list is not exhaustive of t he factors that may affect our
forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance
on such forward-looking information. Melkior discla ims any intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events or otherwise.