Business
Melkior Commences High-Resolution MAG Survey at Val-d'Or in Preparation for Drilling
(TheNewswire) November 10, 2020 - TheNewswire - ...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior Commences High-Resolution MAG Survey at Val-d'Or in Preparation for Drilling\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 \n \n \n \n November 10, 2020 -\n \n \n TheNewswire -\n \n \n Timmins, Ontario -\n \n Melkior Resources\nInc. (\"\n \n Melkior\n \n \" or\nthe \"\n \n Company\n \n \")\n(TSXV:MKR) (OTC:MKRIF) is pleased to announce it will conduct a\nhigh-resolution MAG survey on the entire Val d'Or Property. This\nsurvey will be done at a low altitude using tight line spacing, which\nis a configuration that has seen a lot of success by our neighboring\ncompanies in the Val d'Or district. The total survey length will be\n2,573 line-km.\n \n \n Jonathon Deluce, CEO of Melkior, comments: \"We look forward to\nreviewing the results of our high-resolution MAG survey at Val d'Or.\nThis will help the Company narrow in our drill targets for the winter\n2020 program on Target 4 and determine follow-up on our additional 3\nTargets. We will be reviewing the data received against neighboring\nsuccessful drill programs to best target potential gold mineralization\nin a district that has produced over 25 million ounces of gold\nhistorically.\n \n \n We are very excited as we head into the winter months with the drill\nprogram recently commenced at the Carscallen gold project, which is\nbeing operated by our strategic partner, Kirkland Lake Gold, and in\nthe coming months a drill program at the Val-d'Or project.\"\n \n \n The MAG survey will allow the Company to better define the source of\nthe previously completed soil survey (\n \n see news release dated\n \n \n \n \n August 27th, 2020\n \n \n \n ) that defined 4 main targets.\nTarget 4 is currently being investigated with an IP (Induced\nPolarization) survey. The Target 4 grid covers a long magnetic high\nthat connects to Sparton's Bruell showing. The target is up-ice from\nsoil anomalies and could host the source of the defined anomalies.\n \n \n \n Target 4\n \n \n \n The Company's top priority target is Target 4, located in the southern\narea of the Property. The target is based on multi-elemental (Ag, As,\nNi, Co, Cu, Mo, Zn, Rb, and W) soil anomalies that indicate a possible\nsource located up-ice on the Property. Target 4's lithologies include\nbasalts and mafic volcanoclastic rocks; a 1km long formation that is\nlocally described as ...