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Melkior Announces 71.9g/t Au in Grab Sample from Summer Program and Resumption of Drilling at Carscallen
(TheNewswire) Highlights: - Drilling is underway at C...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior Announces 71.9g/t Au in Grab Sample from Summer Program and Resumption of Drilling at Carscallen\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Highlights:\n \n \n \n \n \n \n - Drilling is underway at Carscallen,\nwith 3,700 meters currently budgeted for the remainder of the year\nacross\n \n \n 4\n \n \n targets.\n \n \n \n \n - Review/modelling of historical work\nand strong summer grab samples has led to the identification of 3 new\ndrill targets within the Zamzam-Jowsey North, Mystery South and\nBehemoth Zones.\n \n \n \n \n - 64 of 73 total surface grab samples\nran greater than 0.50g/t Au with 34 samples over 5 g/t Au and the\nhighest sample running 71.9 g/t Au in the Zamzam North Zone\n \n \n \n \n \n \n November 9, 2021 - TheNewswire -\n \n \n Timmins, Ontario -\n \n Melkior Resources Inc. (“\n \n Melkior\n \n ” or the “\n \n Company\n \n ”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce an\nupdate on its summer exploration and drilling commencement for the\n$110 million strategic investment and partnership with Kirkland Lake\nGold (Operator) at the Carscallen Project located approximately 25\nkilometres southwest of Timmins Ontario. This program is being\noperated by Kirkland Lake Gold (“\n \n Operator\n \n ”) under the option / joint venture\n \n announced on Sept. 28, 2020\n \n . As of September 2021,\nthere was approximately $1.9M of work commitment left to be spent by\nSeptember 2022 to meet the minimum commitment.\n \n \n Jonathon Deluce, CEO of Melkior, remarks, “We are very excited that\ndrilling has resumed at Carscallen.\n \n \n We look forward to evaluating these new and reinterpreted targets\ndeveloped by a strong technical operator through a review of\nhistorical work and a summer field program that best positions the\nProject for further drill success. The Carscallen Project has\ncontinued to demonstrate the potential to be a high-grade gold system\nwith continuity amongst numerous zones. With every drill program, we\npush to make that game-changing discovery hole, and we are confident\nthat we have the best partner to achieve this goal.”\n \n \n \n \n \n \n \n Drill Program:\n \n \n \n The Company is pleased to announce the commencement of a 3,700-meter\ndrill program at Carscallen. Since optioning the Property, the...