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Melkior Intersects 3.70 m @ 51.92 g/t Gold on its Carscallen Gold Project, West Timmins Gold District, Ontario
Melkior Intersects 3.70 m @ 51.92 g/t Gold on its Carscallen Gold Project, West Timmins Gold D...
About this update from Melkior Resources Inc.
[{"type":"text","content":"\nMelkior Intersects 3.70 m @ 51.92 g/t Gold on its Carscallen Gold Project, West Timmins Gold District, Ontario\n\nMelkior Intersects 3.70 m @ 51.92 g/t Gold on its Carscallen Gold Project, West Timmins Gold District, Ontario\nOttawa, Ontario CANADA, April 12, 2012 /FSC/ - Melkior Resources Inc.  (MKR - TSX Venture), is pleased to report results from the second hole (CAR-80-2012) on its 100% owned Carscallen West Timmins gold project.\nDuring February 2012 two holes were drilled to a vertical depth greater than 500 metres on the Shenkman Zone.  A total of 1,270 metres were drilled with more than 200 samples sent for gold assay and scanning of other elements.  The results from the first hole were reported on the March 26, 2012 press release.\nHole CAR-80-2012 was drilled 100 metres north of CAR-79-2012 and 180 metres underneath CAR-51-2010 (12.00m @ 1.87 g/t gold, see press release July 23, 2010) and 250 metres under CAR-71-2011 (13.25m @ 5.10g/t gold, see press release July 28, 2011).\nSeveral gold zones and elevated copper were encountered.  The following observations are significant:\n1. Gold extends past the granite-volcanic contact and deeper than any previous drilling.\n2. Anomalous copper and silver are present providing further evidence for a possible gold bearing copper VMS system at depth (Volcanogenic Massive Sulphide). A gold system appears to be present independently of the possible VMS target.\n3. Gold grade appears to be improving at depth.\n4. Down hole geophysics suggest a massive sulphide.\nSummary of Hole:\n      -437.60 - 439.50 m   1.90 m  @  7.12 g/t Gold\nincl. -437.60 - 438.80 m   1.20 m  @  1.25 g/t Silver\nincl. -438.20 - 439.50 m   1.30 m  @  0.73 % Copper\n      -533.00 - 536.70 m   3.70 m  @  51.92 g/t Gold\nincl. -533.70 - 535.70 m   2.00 m  @  6.40 g/t Silver and 2871 ppm Copper\n      -601.70 - 603.00 m   1.30 m  @  5.09 g/t Gold\n      -618.00 - 619.00 m   1.00 m  @  1.08 g/t Gold\n      -625.65 - 626.35...