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Melkior Announces Commencement of 4,200M Drill Program at Carscallen
(TheNewswire) Highlights: Drilling is underway at Car...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior Announces Commencement of 4,200M Drill Program 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 4,200 meters currently budgeted for this program across\n \n \n 3\n \n \n targets\n \n \n \n \n \n \n Drilling has started in the Shenkman\nZone, with targets being finalized to follow up on recent discoveries\nnorth of the ZamZam Zone and new targets surrounding the Mystery\nZone\n \n \n \n \n \n \n The Shenkman Zone has the potential\nto deliver high-metal factor intercepts as seen in 2012 with 51.9 g/t\nGold over 3.7 Meters, 2019 with 23.5 g/t Gold over 8.0 Meters and 2020\nwith 25.7 g/t Gold over 6.0 Meters.\n \n \n \n \n \n \n Timmins, Ontario –\n \n \n TheNewswire – June 14, 2022 -\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 drilling commencement for the $110 million strategic\ninvestment and partnership with Agnico Eagle Mines (Previously\nKirkland Lake Gold) at the Carscallen Project located approximately 25\nkilometres southwest of Timmins Ontario. This program is being\noperated by Agnico Eagle Mines (“Operator”) under the option /\njoint venture announced on Sept 28, 2020. As of May 2022, there was\napproximately $1.2M of work commitment left to be spent by September\n2022 to meet the minimum commitment.\n \n \n \n Drill Program\n \n \n \n Drilling at the Project is currently underway, with a minimum of 4,200\nmeters budgeted over this summer program. Details of the drill targets\nwill be provided in a subsequent news release, but the program will\nstart by targeting the Shenkman Zone, which has the potential to\ndeliver high-metal factor intercepts as seen in 2012 with\n \n 51.9 g/t gold over 3.7 meters\n \n , 2019\nwith\n \n 23.5 g/t gold over 8.0\nmeters\n \n and 2020 with\n \n 25.7 g/t\ngold over 6.0 meters.\n \n This drill program will target areas\nimmediately along strike and dip of these strong historical\nintercepts.\n \n \n This drill program will also target the area north of the ZamZam Zone\nto follow-up on recent intersected high-grade values in an\nunder-drilled area up to 300 meters north of the current surface\ntrenching.\n \n CAR-21-...