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Melkior Discovers New VMS Setting and Intersects 5.6 g/t Gold and 6.4 g/t Silver over 9.5 Meters, Including 0.5 Meters of 67.9 g/t Gold, 79.8 g/t Silver, 0.62% Copper and 0.27% Zinc on the Carscallen Property
(via TheNewswire) May 21, 2020 - TheNewswire - Timmins, Ontario - Me...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior Discovers New VMS Setting and Intersects 5.6 g/t Gold and 6.4 g/t Silver over 9.5 Meters, Including 0.5 Meters of 67.9 g/t Gold, 79.8 g/t Silver, 0.62% Copper and 0.27% Zinc on the Carscallen Property(via TheNewswire)\n \n \nMay 21, 2020 - TheNewswire - Timmins, Ontario - Melkior Resources Inc. (\"Melkior\" or the \"Company\") (TSXV:MKR) (OTC:MKRIF) believes it has discovered a new VMS (volcanogenic massive sulphide ) hosted environment in Carscallen Township approximately 25 kilometers west of Timmins, Ontario in its recent drill program. The discovery occurred approximately 264 meters south of the current deep drilling program initiated in early March of 2020. The third drill hole, CAR-20-06 tested a mise-a-la-masse (MALM) conductor and encountered strong chalcopyrite (copper), sphalerite (zinc) mineralization, described as clots and disseminations, as well as arsenopyrite, pyrite and pyrrhotite mineralization with visible gold hosted within lithologies such as a previously unknown massive rhyolite which typically hosts mineralization in VMS environments. \n\n \n \nDrill hole CAR-20-06 intersected 5.6 g/t Au and 6.4 g/t silver over 9.5 meters from 486.5 to 496.0 meters, including 23.9 g/t Au over 0.5 meters from 486.5 to 487.0 meters and 67.9 g/t Au with 79.8 g/t Ag over 0.5 meters from 495.0 to 495.50 meters. The final interval from 495.5 to 496.0 also returned 0.62% copper and 0.27% zinc. In addition, CAR-20-05 which intersected 25.7 g/t Gold over 6.0 meters from 357.0 to 363.0 meters, ( Melkior press release, May 7, 2020) had previously not been analyzed for the 36 multi-element analysis and has recently returned assays of 3.6% copper and 27.8 g/t Silver over 0.7 meters from 360.5 to 361.2 meters in addition to the 205 g/t Au previously reported. Between 303 and 750 meters, 311 samples were taken, which returned 100% anomalous copper, 100% anomalous zinc, and 88% anomalous gold. Pyritic and pyrrhotitic mineralization was prevalent throughout the entirety of the VMS environment encountered.\n\n \n \nHighlights:\n\n\n \n\n\n- The Carscallen Gold Project lies within the township of Carscallen, approximately 25 kilometers southwest of the City of Timmins, Ontario. It is comprised of 301 claim units covering 47 square kilometers with 100% ownership by Melkior.\n\n\n\n- The third drill hole, CAR-20-06, with a target depth...