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Corrected, Melkior Announces Promising Grassroots Gold-Base Metal Discovery at Beschefer East
Corrected, Melkior Announces Promising Grassroots Gold-Base Metal Discovery at Beschefer
About this update from Melkior Resources Inc.
[{"type":"text","content":"Timmins, Ontario - Melkior Resources Inc. ('Melkior' or the 'Company') (TSXV: MKR) (OTC: MKRIF) is pleased to announce the results from its six (6) holes for a total of 1,050 metres Winter Drilling Program at the Beschefer East Project in the Northern Abitibi greenstone belt located approximately 90 km west of Matagami and 100 km north of La Sarre, Quebec.\nOn June 14th, 2023, the Company entered into an option agreement on the Beschefer East Project to earn 100% over 3 years from SOQUEM Inc.\nHighlights\nMKR-BE-2024-001 intersected 5.1 g/t gold, 0.96% copper and 0.68% zinc over 0.9 meters and 7.6 g/t gold over 1.3 meters in a new discovery, The drilling successfully confirmed an 800-meter copper-gold mineralized long horizon, initially identified by Induced Polarization (IP) anomalies and supported by copper enrichment in black spruce bark sampling, These initial results will require more targeted drilling to evaluate the expansion potential of this new target and to determine if a broader mineralized source exists.\nCompany Director, Jim Deluce commented: 'We are thrilled with these initial drill results from Beschefer East, which uncover significant exploration potential in a previously unexplored area. These results validate Melkior's targeted exploration strategy and mark an important step in unlocking new growth opportunities for the company.'\n2025 Winter Drill Program\nA six (6) hole winter drill program aggregating to a total of 1,050 metres was completed at Beschefer East Project. The drill targets located on the east to central portion of the property was previously untested by drilling. Each of the six (6) drill holes have a nominal depth of 175 metres.\nThe drill program targeted a coherent bio-geochemical gold-base metal anomalism that strongly overlaps with ground Induced Polarization (IP) conductors over a broad zone of low -moderate partially disrupted magnetic zones. Drilling has largely intersected altered felsic intrusions, felsic volcanics and minor tuffs from holes BE-24 01 to 04 and hit mafic volcanics on holes BE-24 05 to 06 to the west. The mineralized intersections appear to be localized at or near the contact of mafic and felsic volcanics along a northeast trending structural corridor (i.e., Beschefer Trend).\nThe 100 metre by 100 metre spaced bio-geochemical, spruce tree bark (MMI) sampling program wh...