Melkior – VMS Trend Established ON Maseres
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
MELKIOR – VMS TREND ESTABLISHED ON MASERES
March 5, 2019 Trading Symbol: MKR
TSX Venture Exchange
Timmins, Ontario. Melkior Resources Inc. (“ Melkior”) is pleased to announce several
prospective VMS sequences have been estab lished on the Maseres Project. Maximum defined
length of these parallel VMS seque nces is 1.5 km. At present assa y results are only available for
the first five drill holes. Results from the most westerly of three parallel IP target zones (MS-19-4)
has returned significan t assay values (at less than 50 m de pth) including 19.1 ppm Ag; 760 ppm
Cu; 6,850 Pb; 17,400 ppm Zn. Follow-up drilling has al ready been completed to establish a base
metal vector, assays are pending.
The maiden drill program on the Maseres Proj ect has completed 4000 of 5000 meters drilling
within sixteen drill holes. The drill program has already achieved the following objectives:
- Conclusively established the extension of the Urban Barry Greenstone Belt
- Identified VMS stratigraphy on the Maseres Pr oject within the Urban Barry Greenstone
Belt
- Identified the origin for the highly anomalous EM chargeability trend delineated initially
by the VTEM survey and subsequently by the ground IP survey
- Identified the origin for the highly anomalous EM low resistivity trend delineated initially
by the VTEM survey and subsequently by the ground IP survey round IP
- Established a geological bedroc k source for the highly anomalous soil survey results over
the area drilled.
- Confirmed the utility of using soil chemistry as an exploration tool for the 20km+ trend of
EM anomalies on the Maseres Project.
- Validated the significance of the 20km+ tre nd of EM anomalies on the Maseres Project
and elevated its exploration potential.
- Evaluated the relative chemical composition of three prospective VMS sequences along a
1.5 km strike length.
- Prioritized one of these VMS sequences for immediate continued drill targeting.
A discussion of the milestones achieved by this dr ill project has been prepared in support of this
news release. Interested parties are encouraged to download and review this discussion for a better
understanding of the drill re sults and their significance
(http://www.melkior.com/2019_03_04_NR_Discussion.pdf). The PDF document contains; a list
of completed drill holes and their details; severa l maps that present the location of the completed
drill holes on various overlays; maps presenting th e assays received to date (projected to the
surface) for the main VMS elements; core photogra phs of some of the rocks encountered within
the drill program; a discussion of the project as it has developed so far.
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Wade Kornik, P.Geo., has approved the information co ntained in this release. Mr. Kornik is the
Exploration Manager of the Company and is a 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.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.