Melkior Urban Soil Sampling Underway
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
MELKIOR URBAN SOIL SAMPLING UNDERWAY
July 24, 2017 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“ Melkior ”) is pleased to announce that it is
presently onsite conducting a soil sampling program on the Maseres Project in the Urban-Barry
Greenstone Belt, Quebec.
The Maseres Project is located about 14 km southwes t of the Osisko Black Dog Deposit. The
Black Dog Project has been reported by Osisko to be a gold-silver-copper discovery in a volcanic
sequence coincident with magnetic and electromagnet ic anomalies and disseminated to semi-
massive Au-Ag-Cu bearing sulfides. The Black Dog appears to be on the same magnetic trend as
Bonterra’s Gladiator Project. Geophysical data sugg est that this magnetic trend is folded and
continues through Melkior’s Maseres Project. Minera lized boulders co-incident with this
formational conductor have been historically identified and reported to contain 11 ppm gold and
2% copper (NR April 13, 2017).
The soil sampling currently being conducted will cover the area of the formational trend recently
investigated (NR June 20, 2017) and consists of about 700 soil samples collected on a 50 m x 50
m grid spacing over an area of about 3,000 x 600 m centered over the axis of the formational
conductor. Soil samples will be obtained from the A -horizon and submitted for multi-elemental
analysis. This sample program will determine if A-horizon sampling is capable of discriminating
gold anomalies in the environment present on the Ma seres project. If successful, soil sampling
coverage will be extended over areas of the Maseres Project that were surveyed in the historical
1992 airborne survey. Additionally, if the A-horizo n soil sampling is capable of discriminating
gold anomalies, Melkior will be in a position to proceed with implementing a VTEM survey with
the confidence that the data, in conjunction with A-horizon soil sampling can be used together to
advance targets towards the drill stage. The near u biquitous presence of the A-horizon in
conjunction with its ease and rapidity of collectio n, could make it a useful and cost-effective
exploration tool.
The results of the chemical analysis from the rock samples obtained from bedrock and boulders
(NR June 20, 2017) did not return any significant g old values. While the analytical results were
disappointing, the observations from the reconnaiss ance program confirmed that the Maseres
Project is located in a favorable geology setting.
Melkior’s Carscallen Project, Timmins, Ontario, has been awarded an exploration permit. The
start of drilling is imminent and will be announced . The 2017 Exploration Plan is available on
the Melkior website ( http://www.melkior.com/wp-content/uploads/MKR-2017-Exploration-
Plan.pdf ).
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Jim Deluce, CEO of Melkior commented, “Melkior is o f the opinion we are on the same
formational conductor that hosts Osisko’s Black Dog deposit. We are pleased to be in the enviable
position of having so many quality EM and conductive targets in such close proximity to Osisko.
Our team is now endeavoring to validate the best exploration tools for the Maseres project and to
determine priority areas for more advanced exploration.”
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 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.
This news release may contain or refer to forward-l ooking information based on current expectations, i ncluding, but
not limited the prospect of the Company achieving s uccess in exploring the Maseres Project and the imp act on the
Company of these event, including the effect on the share prices. Forward-looking information is subject to significant
risks and uncertainties, as actual results may diff er materially from forecasted results. Forward-look ing information
is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new
events or circumstances.
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.