Business
Melkior Resources Announces Strategic Acquisition of the Beschefer East Project within the Prolific Selbaie Camp
Highlights: Large land package consisting of 2,906 hectares within the prolific Selbaie Camp; located 14 east and 45 km north, respectively, of the Selbaie and
About this update from Melkior Resources Inc.
[{"type":"text","content":"Highlights: Large land package consisting of 2,906 hectares within the prolific Selbaie Camp; located 14 east and 45 km north, respectively, of the Selbaie and Casa Berardi Mines, 30 km from Wallbridge’s Fenelon Gold Deposit which hosts an indicated resource of 21.6 Mt at 3.4 g/t Au and 7 km east of SOQUEM’s B26 deposit, which hosts an indicated resource of 6.97Mt at 1.32% Cu, 1.8% Zn, 0.6 g/t Au and 43g/t Ag.1 Along strike of the Beschefer Project, where historical drilling has identified 55.63 g/t gold over 5.57 metres, including 224 g/t over 1.23 metres.The extension of this structure has seen limited testing on the Beschefer East side. Historical hole 1172-99-30 intercepted 2.03 g/t Au over 6.1 metres with limited follow-up drilling. Systematic exploration has outlined hree targeted gold structures, each 2-3 km in size, open for expansion that are largely untested. These targets also have Cu-Ag potential hosted in a felsic volcanic complex. Timmins, Ontario – TheNewswire – April 18th, 2023 - Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce that it has entered into a letter of intent (the “LOI”) to acquire 100% of the Beschefer East Project (“Beschefer East” or the “Project”) from SOQUEM Inc (“SOQUEM”), an entity at arms’ length to the Company. SOQUEM is a subsidiary of Investissement Québec. The Beschefer East Project is located approximately 90 km west of Matagami and 100 km north of La Sarre, Québec, with good road access and a powerline running through the Project. The Project has significant gold and polymetallic potential with geological similarities to SOQUEM’s B26 deposit, located 7 km east, which hosts an indicated resource of 6.97 Mt at 1.32% Cu, 1.80% Zn, 0.60 g/t Au and 43 g/t Ag, and an inferred resource of 4.41 Mt at 2.03% Cu, 0.22% Zn, 1.07 g/t Au and 9 g/t Ag (Soquem.qc.ca).1 The Project shares a border with Goldseek Resources’ Beschefer Project, where historical drilling has identified 55.63 g/t gold over 5.57 metres, including 224 g/t over 1.23 metres within the B14 Gold Zone.1 Jonathon Deluce, CEO of Melkior, stated, “We believe that the Project has significant potential given the multi-kilometre gold-copper-silver targets identified by SOQUEM. With the amount of mineralization intercepted to date amongst these large tar...