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Melkior Intersects 2.23 g/t Gold Eq over 24.5m in GEN-22-01
(TheNewswire) Highlights: First rushed results back from GEN-22-01 interc...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior Intersects 2.23 g/t Gold Eq over 24.5m in GEN-22-01\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 Highlights:\n \n \n \n \n \n \n First rushed results back from GEN-22-01 intercepted\n \n \n 2.23 g/t Au Eq over 24.5\nmetres,\n \n \n including\n \n \n 3.69 g/t Au Eq over 7.78 metres\n \n \n \n \n \n \n There are still 105 non-rush samples where assays are\noutstanding which have the potential to extend this intercept\n \n \n \n \n \n \n The Company has completed its 4,000-metre drill program\nand will report additional results through the remainder of the year\n \n \n \n \n \n \n Timmins, Ontario –\n \n \n TheNewswire – November 24, 2022 -\n \n \n Melkior Resources Inc.\n \n (“\n \n Melkior\n \n ” or the “\n \n Company\n \n ”) (TSXV:MKR) (OTC:MKRIF)\nis pleased to announce rushed\n \n results from the first\ndrill hole at the Genex Project.\n \n \n GEN-22-01\n \n \n intersected\n \n \n 2.23 g/t Au Eq over 24.5 metres (0.24 g/t\nAu, 1.15% Cu, 0.52% Zn & 3.92 g/t Ag),\n \n \n including\n \n \n 3.69 g/t Au\nEq over 7.78 metres (0.32 g/t Au, 2.29% Cu & 5.24 g/t\nAg)\n \n \n , successfully extending the Genex Shaft Zone\n \n \n 50\n \n \n metres to the\nnortheast.\n \n On April 21st, 2022, the Company announced an option\nagreement for the Genex Project to earn 100% over 7 years from\nInternational Explorers & Prospectors Inc (\n \n see news release dated April 21, 2022\n \n ). The Genex\nProject is an advanced gold-copper polymetallic VMS exploration target\nwith significant near-term resource potential.\n \n \n Jonathon Deluce, CEO of Melkior, remarks, “We are very excited about\nthis strong first intercept and the potential results of the remaining\ndrilling supported by the visual observations announced last week.\nMarket conditions remain challenging, but we are well positioned with\nGenex, a strong treasury and capital structure to benefit when the\nmarket turns. Various majors have stated the need for copper/gold\ndeposits, and with Genex being nearby existing infrastructure, we are\nexcited about the Project’s potential.”\n \n \n \n GEN-22-01:\n \n \n \n GEN-22-01 was drilled as a step-out hole to test the immediate\nextension of the historical H Zone at a vertical dept...