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Melkior Continues Drilling in Mcfaulds, James Bay, Ontario
Melkior Continues Drilling in Mcfaulds, James Bay, Ontario Ottawa, Ontario CANADA, August 12, ...
About this update from Melkior Resources Inc.
[{"type":"text","content":"\nMelkior Continues Drilling in Mcfaulds, James Bay, Ontario\n\nMelkior Continues Drilling in Mcfaulds, James Bay, Ontario\nOttawa, Ontario CANADA, August 12, 2011 /FSC/ - Melkior Resources Inc.  (MKR - TSX Venture), is pleased to announce that drilling on its 100% owned McFaulds East Rim property located in the Ring of Fire area, James Bay, Ontario is ongoing.  The McFaulds East Rim property consists of 1208 claim units covering 193.28 km2.  In addition to drilling East Rim, Melkior drilled Riverbank and Broke Back, which recently signed a revised letter of intent with Green Swan Capital Corp. (see press release July 13, 2011).  Riverbank and Broke Back combined consist of 69 unpatented claims covering 147.84 km2. \nTo date five holes totalling 1244 metres are completed on East Rim.  The drill holes were selected to test a series of electromagnetic anomalies with coincident mag within a gravity high.  One hole has been drilled on the L-Shape claim with a final depth of 189 metres, which is part of the East Rim property, and two holes remain to be drilled.  \nOne hole totalling 216 metres was completed on Riverbank and one hole totalling 100 metres was completed on Broke Back.\nOrbit Garant Drilling Inc. is drilling the McFaulds properties and the drill program is based out of the Billiken Management's McFaulds Lake camp. Systematic assays will be taken for nickel, copper and PGE, chrome and gold; the samples will be sent and processed at Actlabs in Geraldton, Ontario. Results are expected to be received by late September, early October.\nThe McFaulds East Rim property was staked in 2008 covering a major gravity high, as shown in regional data (Ontario Geological Survey, 1999, Geophysical Data Sets 1035 and 1036).  The regional gravity was further confirmed during the spring of 2011 using Fugro Airborne Surveys Airborne Gradient Gravity (AGG) survey and recently published Ontario Geological Survey commissioned magnetic/gravity survey.  \nThe gravity high is interpreted to be a mafic or ultramafic intrusion.  The interpreted intrusion is proximal to known nickel-copper sulphide mineralization in ultramafic rocks at Noront Resources Inc. Eagle Nest discovery.  Mafic/ultramafic intrusions on the property, if present, would ...