Melkior Stakes Additional Urban Barry Claims
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
MELKIOR STAKES ADDITIONAL URBAN BARRY CLAIMS
April 17, 2018 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“Melkior”) is pleased to announce the staking of an
additional group of claims conti guous with the Maseres Project i n t h e U r b a n B a r r y a r e a o f
Quebec. The staking of the additional claims was based on a rev iew of the preliminary data of the
recently completed 2,170-line kilometer GEOTECH VTEM plus time- domain helicopter borne
magnetometer and EM survey. Final maps, reporting and interpret ation of the VTEM survey are
forth coming and will be the subject of a future news release.
A link is provided ( http://www.melkior.com/post_vtem_new_claims.pdf ) to a map that illustrates
the location of the new claims within the developing Urban-Barr y Gold Camp. This map also
provides a preliminary representation of the extent of some of the conductive trends interpreted
from the preliminary VTEM data. This news release will be more comprehensive if read in
conjunction with the above map as it provides context for the following discussion.
The Maseres Project is located a bout 14 km southwest of the Osi sko Black Dog Project. The
Black Dog Project has been reported by Osisko to host a gold-si lver-copper discovery in a
volcanic sequence coincident with magnetic and electromagnetic anomalies and disseminated to
semi-massive Au-Ag-Cu bearing su lfides. One interpretation of m agnetic geophysical data
suggests that the magnetic trend is folded and continues throug h the Maseres Project. Mineralized
boulders historically identified and co-incident with this folded magnetic trend have been reported
to contain up to 11 ppm gold and 2% copper (NR April 13, 2017).
Preliminary VTEM and magnetic data appears to confirm the exist ence and location of the
historical EM and magnetic trend in the northeastern corner of the Maseres Project. Furthermore,
the preliminary VTEM data also extends this conductive trend to the central area of the Project.
Melkior conducted a soil samp ling test grid over a portion of t his EM trend in 2017. A-horizon
soil analysis over the EM trend returned up to 121 ppb Au; 59 p pm Ag; 93 ppm Cu; 78 ppm Zn;
30 ppm Pb (NR September 17, 2017). Melkior considers this condu ctive trend to have potential
for Bousquet Type gold rich VMS type deposits.
Osisko’s exploration in the Urban-Barry Greenstone Belt include s the search for Bousquet type
gold-rich VMS deposits. The most significant projects in Urban - Barry are currently endeavoring
to define structurally hosted gold deposits. Melkior is consid ering the hypothesis that, “The
Maseres Fault network has acted as hydrothermal conduit redistributing gold from Bousquet Type
gold rich VMS type deposits into structural gold deposits.”
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Preliminary VTEM data has iden tified a six-kilometer-long condu ctive trend within the NW
corner of the Maseres Project that is co-incident with the regi onally important Maseres Fault. The
Maseres Fault system is interpreted to locally be in proximity to and may transect sequences of
the Urban Barry Greenstone Belt prospective for Bousquet Type gold rich VMS deposits.
From a regional perspective the NW corner of the Maseres Projec t is located about 3 km
southwest of where the Maseres Fault bifurcates. The more easte rly splay of the Maseres Fault,
the Saint-Cyr Fault, traverses Bonterra in proximity and parallel to the developing Gladiator Zone.
The Maseres Fault persists beyond the point of bifurcation and its junction with the Saint-Cyr
Fault, extending through the Osis ko Black Dog Project and their recent “Au-Ag-Cu Discovery”.
Published geological maps indicate that the Maseres Fault network further persists to the northeast
where after traversing the area of the Metanor Barry Deposit it is interconnected to the Bank
Fault. Osisko presents the Bank Fault on their Windfall Project Main Zone Drilling Maps as being
a structure central to the project, with mineralized zones parallel to the Bank Fault.
Melkior’s recently sta ked claims extend the southern boundary o f the Maseres Project about 8
kilometers to the south. As previously reported there were hist oric gold in sediment samples on
the Maseres claim group of 84 ppb Au and 121 ppb Au, in proximi ty to the southern boundary.
The preliminary VTEM data appears to indicate these anomalous g old in sediment sample
locations are co-incident with a conductive trend. The conducti ve trend does not appear to cross
the southern boundary however, additional review of the histori cal data indicates that there may
be an extended area of elevated silver, lead and zinc in sediment samples to the south.
Jim Deluce, CEO of Melkior remarks, “We are anxiously awaiting the final maps, reporting and
interpretation of GEOTECH VTEM plus time-domain survey.”
Wade Kornik, P.Geo., has approved the information contained in this release. Mr. Kornik is the
Exploration Manager of the Company and is Qualified Person as d efined 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.