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Melkior Drills 1566 Metres at Carscallen, West Timmins Gold District, Ontario
Melkior Drills 1566 Metres at Carscallen, West Timmins Gold District, Ontario Ottawa, Ontari...
About this update from Melkior Resources Inc.
[{"type":"text","content":"\nMelkior Drills 1566 Metres at Carscallen, West Timmins Gold District, Ontario\n\nMelkior Drills 1566 Metres at Carscallen, West Timmins Gold District, Ontario\nOttawa, Ontario CANADA, July 17, 2012 /FSC/ - Melkior Resources Inc.  (MKR - TSX Venture), completed 1566 metres of drilling on its 100% owned Carscallen gold property in West Timmins, Ontario, in July. The program included two deep holes and the extension of an already existing hole.  Partial assays have been received for extended hole CAR-61X-2012.  The assays for CAR-81-2012, CAR-82-2012 and remainder of CAR-61X-2012 will be reported once they are available.  \nCAR-61X-2012 was drilled at an azimuth of 240 degrees and a dip of -75 degrees extended from a depth of 350 metres to the final depth of 625 metres. The contact between the granite and the mafic volcanic rocks occurs between 360.80 and 367 metres and consisted of alternating small granite injections and hematized mafic volcanic rocks. Ankerite alteration and disseminated pyrite and quartz veins are present in the volcanics between 429.00 and 439.70 metres; a quartz feldspar porphyry dyke was also encountered between 400.10 and 413.33 metres. Hole 61 was originally terminated in granite at 350 metres after intersecting the Shenkman gold zone assaying 13.3 metres of 4.84 g/t gold from 272 to 285.3 metres (see Press Release January 11th, 2011).  At the time of the original drilling, Melkior was not aware that the granite - mafic volcanic contact was a target for gold mineralization.  The hole was extended to investigate the thickness of the granite and the nature of the underlying volcanics.  The granite - volcanic contact intersected gold from 364 to 366 metres grading 5.87 g/t Au. A number of anomalous background gold values were also encountered from 399 to 409 metres grading 0.27 g/t (on 10 metres, which consist of a quartz porphyry dyke); from 511 to 514.7 metres grading 0.66 g/t Au (on 3.7 metres, which consist of mafic volcanic rocks with 1% disseminated pyrite); and from 538 to 540.5 metres grading 0.7 g/t Au (2.5 metres, consisting of local pyrite stringers). Thirty three assays are still pending.  Results reported in this press release are from intersections between 350 metres to 566 metres core length.\nHoles CAR-81-2012 an...