Business
Melkior Enters Definitive Agreement for the Beschefer East Project
(TheNewswire) Highlights: Large land package consisting of 2,906 hectares withi...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior Enters Definitive Agreement for the Beschefer East Project\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 \n \n \n \n \n \n \n \n \n \n \n \n Highlights:\n \n \n \n \n \n \n Large land package consisting of\n2,906 hectares within the prolific Selbaie Camp; located 14 east and\n45 km north, respectively, of the Selbaie and Casa Berardi Mines, 30\nkm from Wallbridge’s Fenelon Gold Deposit which hosts an indicated\nresource of\n \n \n \n \n 21.6 Mt at 3.4 g/t Au\n \n \n and 7 km east of SOQUEM’s B26 deposit,\nwhich hosts an indicated resource of 6.97Mt at 1.32% Cu, 1.8% Zn, 0.6\ng/t Au and 43g/t Ag.\n \n \n \n \n 1\n \n \n \n \n \n \n \n \n Along strike of the Beschefer\nProject, where historical drilling has identified 55.63 g/t gold over\n5.57 metres, including 224 g/t over 1.23 metres.\n \n \n The extension of this structure has seen\nlimited testing on the Beschefer East side.\n \n \n \n \n \n \n Historical hole 1172-99-30\nintercepted 2.03 g/t Au over 6.1 metres with limited follow-up\ndrilling\n \n \n .\n \n \n \n \n \n \n Systematic exploration has outlined\n \n \n hree targeted gold structures,\neach 2-3 km in size, open for expansion that are largely untested.\nThese targets also have Cu-Ag potential hosted in a felsic volcanic\ncomplex.\n \n \n \n \n \n \n Timmins, Ontario –\n \n \n TheNewswire – June 14, 2023 -\n \n \n Melkior Resources Inc. (“\n \n \n Melkior\n \n \n ” or the\n“\n \n \n Company\n \n \n ”) (\n \n \n \n TSXV:MKR\n \n \n \n )\n(\n \n \n \n OTC:MKRIF\n \n \n \n ) is\npleased to announce that it has signed a Definitive Agreement to\nacquire 100% of the Beschefer East Project (“Beschefer East” or\nthe “Project”) from SOQUEM Inc (“SOQUEM”), an entity at\narms’ length to the Company.  SOQUEM is a subsidiary of\nInvestissement Québec. The Beschefer East Project is located\napproximately 90 km west of Matagami and 100 km north of La Sarre,\nQuébec, with good road access and a powerline running through the\nProject.\n \n \n \n \n The Project has significant gold and polymetallic\npotential with geological similarities to SOQUEM’s B26 deposit,\nlocated 7 km east, which hosts an indicated resource of 6.97 Mt at\n1.32% Cu, 1.80% Zn, 0.6...