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Melkior Announces Carscallen Summer Program and September Drill Restart
(TheNewswire) Highlights: - Summer program currently ...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior Announces Carscallen Summer Program and September Drill Restart \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 - Summer program currently underway,\nincluding soil sampling, gravity survey and prospecting.\n \n \n \n \n - Review/modelling of historical work\nhas led to the identification of new target areas\n \n \n \n \n - Drilling is expected to resume in\nSept 2021, with 3,000 meters currently budgeted for the remainder of\nthe year.\n \n \n \n \n \n \n August 11, 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 drill plans for the $110 million\nstrategic investment and partnership with Kirkland Lake Gold at the\nCarscallen Project located approximately 25 kilometres southwest of\nTimmins Ontario. This program is being operated by Kirkland Lake Gold\n(“\n \n Operator\n \n ”) under the\noption / joint venture\n \n announced on Sept 28,2020\n \n .\n \n \n \n Summer Program:\n \n \n \n Melkior is pleased to announce a summer field program underway at\nCarscallen. The program includes a closely spaced soil sampling\nprogram (12.5m spacing compared to historical 50m spaced) designed to\nbe completed in two phases. This sampling will expand on prior\nprograms to target additional anomalies in proximity to the current\nmineralization.\n \n \n A ground gravity survey is currently being designed with five lines\n(200m spacing) to test the effectiveness of outlining the\ngranodiorite/mafic volcanic contact at depth along the east side of\nthe large intrusion. The goal will be to use the gravity survey to\nassist with creating a 3-D model of the granodiorite body to assist\nwith drill targeting extensions to the known mineralization.\n \n \n \n New Target Areas:\n \n \n \n Since optioning the Property, the Operator has conducted a thorough\ncompilation and review of drilling, geophysical, soil geochemistry,\nand LiDAR datasets. The objective of the exercise was to assist in\nidentifying new gold mineralization and/or potential extensions of\nexisting gold mineralization zones. From this review, new target areas\nhave been generated on-trend from known mineralized a...