Business
Melkior Announces Extended Drill Program at Carscallen
(TheNewswire) January 5, 2021 – TheNewswire - ...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior Announces Extended 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 \n \n \n January 5, 2021 –\n \n \n TheNewswire -\n \n \n Timmins, Ontario -\n \n Melkior Resources\nInc. (“\n \n Melkior\n \n ” or the\n“\n \n Company\n \n ”) (TSXV:MKR)\n(OTC:MKRIF) is pleased to announce through the strategic partnership\nwith Kirkland Lake Gold Ltd (operator) the expansion of the current\ndrill program to\n \n 4,500 meters\n \n on its Carscallen Project located approximately 25 kilometers west of\nTimmins Ontario and approximately 6 kilometers west of Pan American\nSilver’s West Timmins Mine.\n \n \n To date, 3,150 meters of drilling have been completed before the\nholiday break, with drilling to resume in early January.  Due to\nincreased drilling activity in the region, assay turnaround times have\nseen significant delays compared to previous programs in the year.\n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Program Summary:\n \n \n \n The program will focus on the 800 m long northwesterly trending Zam\nZam - Shenkman Trend, which has already been partially defined by past\ndrilling and produced multiple high-grade intercepts of gold. A key\npart of the program will involve a series of holes to follow up on the\ngold intercepts encountered in the preceding fall, winter, and spring\ndrill programs. Intersection highlights from these programs include\nCAR-19-03A with\n \n 23.5 g/t Au over 8.0\nmeters\n \n 430 meters vertically below surface (November 28, 2019\npress release) and CAR-20-05 with\n \n 25.7 g/t Au over 6.0 meters\n \n 350 meters below surface (May 7,\n2020 press release) from the south edge of the Shenkman zone as well\nas CAR-20-06 which includes\n \n 5.68 g/t\nAu and 6.4 g/t Ag over 9.5m\n \n , including 67.9 g/t Au, 79.8 g/t Ag\nand 0.62 % Cu over 0.5m from an area 260m to the south of the Shenkman\nZone.\n \n \n The key objectives for the drilling are to test the gold system both\nfor sustained grades at depth and for continuity up-dip and\nnorthwest-southeast along strike of previous encouraging drill\nresults. Work has also been planned to evaluate possible new targets\nfor future drilling, including areas to the north, south, and to depth\nin the Zam Zam - Shenkman Trend, where little to no dri...