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Melkior Resources Announces 71.9g/t Au in Grab Sample from Summer Program and Resumption of Drilling at Carscallen
Highlights: Drilling is underway at Carscallen, with 3,700 meters currently budgeted for the remainder of the year across 4 targets. Review/modelling of histori
About this update from Melkior Resources Inc.
[{"type":"text","content":"Highlights: Drilling is underway at Carscallen, with 3,700 meters currently budgeted for the remainder of the year across 4 targets. Review/modelling of historical work and strong summer grab samples has led to the identification of 3 new drill targets within the Zamzam-Jowsey North, Mystery South and Behemoth Zones. 64 of 73 total surface grab samples ran greater than 0.50g/t Au with 34 samples over 5 g/t Au and the highest sample running 71.9 g/t Au in the Zamzam North Zone November 9, 2021 - TheNewswire - Timmins, Ontario - Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce an update on its summer exploration and drilling commencement for the $110 million strategic investment and partnership with Kirkland Lake Gold (Operator) at the Carscallen Project located approximately 25 kilometres southwest of Timmins Ontario. This program is being operated by Kirkland Lake Gold (“Operator”) under the option / joint venture announced on Sept. 28, 2020. As of September 2021, there was approximately $1.9M of work commitment left to be spent by September 2022 to meet the minimum commitment. Jonathon Deluce, CEO of Melkior, remarks, “We are very excited that drilling has resumed at Carscallen. We look forward to evaluating these new and reinterpreted targets developed by a strong technical operator through a review of historical work and a summer field program that best positions the Project for further drill success. The Carscallen Project has continued to demonstrate the potential to be a high-grade gold system with continuity amongst numerous zones. With every drill program, we push to make that game-changing discovery hole, and we are confident that we have the best partner to achieve this goal.” Drill Program The Company is pleased to announce the commencement of a 3,700-meter drill program at Carscallen. Since optioning the Property, the Operator has conducted a thorough compilation and review of drilling, geophysical, soil geochemistry, and LiDAR datasets. From this review and the summer grab results, the planned drill holes will test gold targets at the north and south of the known gold mineralization zones, particularly at Zamzam-Jowsey North, Mystery South, and Behemoth. There are also two planned extension holes designed to test the downdip continuity of the gold zones approximately ...