Melkior Reports Exploration Activity

Melkior Reports Exploration Activity

Ottawa, Ontario CANADA, October 27, 2011 /FSC/ - Melkior Resources Inc.  (MKR - TSX Venture)("Melkior" or the "Company"), is pleased to present a summary of a very active exploration program carried out during the first 9 months of 2011.

Melkior's key gold property is West Timmins Carscallen.  The Company owns several other properties which are valuable assets with significant potential.


West Timmins Carscallen - Gold-Silver - 100% owned.

A total of 15holes comprising 5488.07 metres have been completed in the latest phase of drilling. The majority of the drilling that took place concentrated on the Zam-Zam-Shenkman trend, where to date close to 100% of the holes have encountered gold values of greater than 1.0 g/t over widths of up to 18.55 metres.  The zone remains open along strike and at depth.  The deepest holes drilled to date have the widest gold intersections.  Holes from systematic drilling to a vertical depth of approximately 350 metres are being entered into a 3D model.  The results will provide details of the nature of the gold zones and along with the January 2011 downhole Induced Polarization survey will be used to plan a future drill program below the 350 metre level.

Ongoing geological analysis suggests that three features are important in the localization of gold: i) the intersection between the steeply east-dipping ZamZam zone and the subvertical to west-dipping Jowsey zone; ii) the granite/mafic volcanic contact, the contact appears to have been an important fluid pathway, and zones of granite with mafic xenoliths are especially prospective; and iii) the presence of quartz feldspar porphyry dikes. In these three geological circumstances, longer intervals of low to moderate grade material have been encountered. These scenarios are being pursued by drilling.

There remains the potential for a major wide high grade system at depth on the Shenkman zone resulting from the complexity of the structure; i.e. several shear zones, multi-phase folding and/or the presence of quartz feldspar porphyry that could result in the thickening and/or duplication of mineralized zones. The presence of strong and pervasive alteration (including fuschite, sericite and ankerite) is significant in some areas and could point toward a major system in the vicinity or at depth under the Shenkman zone.

Three exploration holes and four in-fill holes from the summer program comprising 2377 metres remain to be reported.  Once all assays are received and compiled into the model, the results will be released.


McFaulds - East Rim - 100% owned.

An 8 hole, 1644 metre drill program has been completed.  Melkior is very pleased with the efficiency of the program.  Several excellent geophysical targets were tested in areas not previously drilled. The McFaulds area is destined to become a major new mining district and management believes Melkior's holdings represent a key long term asset. The planned targets were encountered and explained by the presence of pyrrhotite, pyrite and graphite. Melkior is awaiting the completed assays.  When received, these will be compiled and interpreted.


McFaulds - River Bank and Broke Back.

Three holes comprising 416 metres were completed on these properties which are the subject of an option agreement with Green Swan Capital Corp (see the August 15, 2011 press release).


Long Lac - Gold - 100%.

Melkior holds a 100% interest in two properties on the Long Lac Beardmore gold belt.  The properties are within an active area with exploration work and surrounded by properties being explored by others.

A 12 kilometre Induced Polarization survey is underway on a gold bearing trend where Melkior has identified significantly anomalous gold values.


Fripp - Timmins - Gold - Copper - 100%.

A surface sampling program has been completed.  Results will be compiled when all are received.


Launay Gold Quebec - 100%.

Melkior has completed a 30km Induced Polarization survey on a gold bearing horizon where previous drilling has identified two zones of interest, Zone #75 and the Principal Zone.  With the new data there appears to be significant potential to increase the known mineralization.  The initial plan is to re-survey a series of holes first surveyed in the 1980's.


Kenty Lake Ungava 49% Melkior - 51% Xstrata.

Development on the high grade nickel copper PGE deposit will await advances by others on the Ungava Nickel belt.


Melkior is pleased to have undertaken the most active exploration season in its history. Melkior had the privilege working with very much in demand Ontario exploration contractors, the downside being that we are experiencing backlogs in presenting completed and interpreted data. Melkior looks forward to presenting its data and planning the next stages of work.

This news release has been prepared by Jens E. Hansen, P.Eng., CEO of Melkior Resources Inc.


About Melkior:

Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds "Ring of Fire" areas of Ontario.  Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.


For more information:

Melkior Resources Inc.
Tel: 613.721.2919
Fax: 613.680.1091
E-mail: melkior@rogers.com
Web: www.melkior.com



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Melkior's periodic reports including the annual report or in the filings made by Melkior from time to time with securities regulatory authorities.


To view this release as a web page, please click on the following link:
http://www.usetdas.com/pr/melkior10272011.htm



Source: Ressources Melkior Inc. (TSXV MKR) www.melkior.com
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