Melkior Vtem Survey Supports Greenstone Belt Extension
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
MELKIOR VTEM SURVEY SUPPORTS GREENSTONE BELT EXTENSION
May 23, 2018 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“ Melkior”) is pleased to announce receipt of final
data for the $275,000 (2,170-line kilometer) VTEM helicopter borne magnetometer and EM survey
on the Maseres Project. The VTEM survey data supports the hypot h e s i s t h a t t h e U r b a n B a r r y
Greenstone Belt continues south of the Osisko Black Dog Project and traverses Melkior’s Maseres
Project. Geotech states that “strong EM conductors are possibly associated with pyrrhotite and/or
pyrite in iron formations” (VMS environment). The conductance associated with a 2 km section of
bedrock conductors in the northeast corner of the Maseres Project is comparable to that of a power
line.
Melkior has encountered some reluctance from the public and the geological community to accept
that the Urban-Barry Greenstone Belt extends significantly sout h of the boundaries presented in
published geological maps. In an effort to further the geologic al understanding of Maseres
Township Melkior has decided to make the entire package of VTEM Maps available to the Public.
Initially, with this news release, only one map is being made P ublic. The following link
( http://www.melkior.com/melkior_vtem_EM_anomalies.pdf ) is to a map of Geotech interpreted EM
Anomalies, presented on a dB/dt Calculated Time Constant (TAU) overlay for the entire Maseres
Project. TAU depends only on conductance, good conductive targets are amplified and emphasized
independent of their depth.
Within seven days additional VTEM maps will be released, and a discussion of relevance initiated.
Interested parties are invited to follow the discussion, review the VTEM survey maps and formulate
their own opinions. Additional background and regional context on the Maseres Project can be
gained through a review of Maseres Project news releases.
Melkior is of the opinion the Maseres Project may be situated i n one of the most prospective gold
rich, Bousquet Type, VMS environments Canada has ever seen. The scale is highly unique. This
robust 12 km conductive trend is linked into a very intriguing 4 km by 6 km concentric magnetic
anomaly with an outer robust conductive ring anomaly. A-horizon soil analysis in 2017 over a
portion of the EM trend returned up to 121 ppb Au; 59 ppm Ag; 9 3 ppm Cu; 78 ppm Zn; 30 ppm
Pb (NR September 17, 2017). The reader is reminded that the Maseres land package is about 12 km
by 20 km of contiguous sole ownership. The anomalous trends are centered within the Maseres
Project.
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Jim Deluce, CEO of Melkior remarks, “Companies have been search ing in Urban Barry for gold
rich VMS systems, but have settled for capital intensive structurally hosted gold deposits. Melkior
is in the enviable position of potentially having the most pros pective land position in the Urban
Barry Greenstone Belt, with potential for a series of both stru ctural gold and Bousquet type gold-
rich VMS deposits. The land position was acquired for staking c osts, no royalties are payable.
Melkior is committed to advancing this unique intergenerational opportunity. We are gearing up,
boots will be on the ground within two weeks. The scale of the work we have ahead of us is
invigorating. To fast track exploration Melkior may consider a friendly partner with deep pockets.”
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.