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Melkior Intersects 13.42g/t Au over 2.0 Meters at Carscallen
(TheNewswire) Highlights: 13.42 g/t Gold over 2.0 Met...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior Intersects 13.42g/t Au over 2.0 Meters at Carscallen\n \n \n (TheNewswire)\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 13.42 g/t Gold over 2.0 Meters (m),\nIncluding 51.9 g/t Au over 0.5m in CAR-21-20\n \n \n \n \n \n \n CAR-21-19 successfully extended the\nmineralized trend 350 meters northwest of the Zam Zam Zone. This has\nresulted in identifying multiple high-grade gold-bearing zones within\nan approximately 2.5 km by 1.2 km NNW-SSE corridor.\n \n \n \n \n \n \n Drilling is estimated to resume\nduring Q2 2022, with 4,200 meters currently budgeted for the remainder\nof the year.\n \n \n \n \n \n \n May 3, 2022 - TheNewswire -\n \n \n Timmins, Ontario -\n \n Melkior Resources Inc. (“\n \n Melkior\n \n ” or the “\n \n Company\n \n ”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce\nresults from 3,684 meters of drilling from the $110 million strategic\ninvestment and partnership with Agnico Eagle Mines (Previously\nKirkland Lake Gold) at the Carscallen Project located approximately 25\nkilometres southwest of Timmins Ontario. This program is being\noperated by Agnico Eagle Mines (“Operator”) under the option /\njoint venture announced on Sept 28, 2020. As of March 2022, there was\napproximately $1.3M of work commitment left to be spent by September\n2022 to meet the minimum commitment.\n \n \n \n Program Highlights:\n \n \n \n \n \n The Carscallen Gold Project lies within the township of Carscallen,\napproximately 25 kilometers southwest of Timmins, Ontario. It is\ncomprised of 295 claim units covering 47 square kilometers with 100%\nownership by Melkior.\n \n \n \n \n The drill program consisted of 3,684 meters.\n \n \n \n \n Drill hole\n \n CAR-21-18,\n \n collared\napproximately 50 meters northwest of the ZamZam/Jowsey zone,\nintersected\n \n 6.88 gpt Au over 1.5\nmeters\n \n from 384.5 to 386 meters, including\n \n 19.6 Au gpt over 0.5 meters\n \n from\n385.5 to 386.0 meters. Drill hole\n \n CAR-21-19\n \n , collared 300 meters north of CAR-21-18,\nintersected\n \n 5.85 gpt Au over 1.5\nmeters\n \n from 400.0 to 401.5 meters including\n \n 16.1 gpt Au, 83.6 gpt Ag, .33% Cu and .23%\nZn over 0.5 meters\n \n from 401.0 to 401.5 meters.\n \n \n \n \n Both vein intersections in drill holes CAR-21-18 and CAR-21-19 are\ninterpreted to be the s...