Business
Melkior Carscallen - New Showing 3.9 G/T Au
(via TheNewswire) Timmins, Ontario / TheNewswire / November 13, 2018 ...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior Carscallen - New Showing 3.9 G/T Au(via TheNewswire)\n \n \nTimmins, Ontario / TheNewswire / November 13, 2018 - Melkior Resources Inc. (\"Melkior\") (TSXV:MKR) is pleased to announce a new gold showing on the Carscallen Project, Timmins Ontario. Assay results have returned 3.9 g/t gold from a new showing located approximately 300m north of Highway 101 (NAD83 Zone 17 UTM 449688 E, 5355050 N). This new showing is located approximately 2.0 kilometers west of the Behemoth Zone and a gold bearing vein hosted within a north -south structure identified in drill holes CAR-17-13 (21.80 g/t gold over 1.6m), CAR-17-14 (31.65 g/t gold over 1.6m) and CAR-17-16 (17.50 g/t gold over 0.30m).\n\n \n \nMelkior is aggressively advancing the Maseres Project and consequently the Carscallen Project has not received very much attention this summer. The limited field work was focused on following up on LIDAR data that suggested the potential for undocumented historic trenches. At one of these locations a historic trench was verified and samples from the waste rock adjacent to the trench yielded maximum assays of 3.9 g/t gold, 8.9 g/t silver , 226 ppm lead, 915 ppm zinc, 23 ppm bismuth and > 10,000ppm Arsenic.\n\n \n \nEvaluated in isolation the showing is of limited interest, however there are several aspects that merit discussion. The historic trench is located within mafic volcanics in very close proximity to the boundary between the \"granitic intrusive\" and mafic volcanics. Locally the contact between the granitic intrusive and the mafic volcanic host is exposed. The showing is a gold bearing quartz quartz vein hosted within a north-south trending structure within mafic volcanic host. This setting is consistent with Melkiors hypothesis that mineralization has been directed from the Porcupine Destor Fault through north-south hydraulic conduits into the Carleton Pluton. Of additional significant interest is that this showing is also in very close proximity where chert was observed within the mafic volcanic sequence. Some of the more recent geological maps do not include iron formation at this location however a review of historical geological reports document iron formation in this area.\n\n \n \nThe intersection of the north-south structure that hosts the gold bearing vein and any iron formation units are a good shallow drill targets. T...