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Melkior Resources Announces Carscallen Summer Program and September Drill Restart
Highlights: Summer program currently underway, including soil sampling, gravity survey and prospecting. Review/modelling of historical work has led to the ident
About this update from Melkior Resources Inc.
[{"type":"text","content":"Highlights: Summer program currently underway, including soil sampling, gravity survey and prospecting. Review/modelling of historical work has led to the identification of new target areas Drilling is expected to resume in Sept 2021, with 3,000 meters currently budgeted for the remainder of the year. August 11, 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 drill plans for the $110 million strategic investment and partnership with Kirkland Lake Gold 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. Summer Program: Melkior is pleased to announce a summer field program underway at Carscallen. The program includes a closely spaced soil sampling program (12.5m spacing compared to historical 50m spaced) designed to be completed in two phases. This sampling will expand on prior programs to target additional anomalies in proximity to the current mineralization. A ground gravity survey is currently being designed with five lines (200m spacing) to test the effectiveness of outlining the granodiorite/mafic volcanic contact at depth along the east side of the large intrusion. The goal will be to use the gravity survey to assist with creating a 3-D model of the granodiorite body to assist with drill targeting extensions to the known mineralization. New Target Areas: Since optioning the Property, the Operator has conducted a thorough compilation and review of drilling, geophysical, soil geochemistry, and LiDAR datasets. The objective of the exercise was to assist in identifying new gold mineralization and/or potential extensions of existing gold mineralization zones. From this review, new target areas have been generated on-trend from known mineralized areas. These new areas will be investigated during the Summer Program through field prospecting, soil sampling and mapping. September Drill Restart Drilling is expected to resume during September 2021, with a minimum 3,000 meters currently budgeted for the remainder of the year. Details of the drill program will be provided on commencement. Jonathon Deluce, CEO of Melkior, remarks, “I am excited to ...