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Melkior Resources Announces Summer & Fall Exploration Plans, Including Phase 2: 3,000M Drilling at Genex
Highlights: Summer field program is currently underway at the Genex Project consisting of prospecting, MMI soil, Beepmat and stripping channel sampling. This wi
About this update from Melkior Resources Inc.
[{"type":"text","content":"Highlights: Summer field program is currently underway at the Genex Project consisting of prospecting, MMI soil, Beepmat and stripping channel sampling. This will target the surface footprint expansion of the historical Genex deposit and better understand the mineralization orientation for follow-up drilling. An estimated 3,000 meters of drilling is planned at Genex over the remainder of the year. The Company's 2022/2023 drill program succeeded in infill and expansion, notably: GEN-22-01: 0.96% Cu 0.22g/t Au over 27.0m; including 2.29% Cu 0.32g/t Au over 7.78m. Soil program is planned to start at Beschefer East this summer/fall to narrow down targets for a Q1 2024 drill program. August 9, 2023 – TheNewswire - Timmins, Ontario - Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to provide an update on its exploration plans for the Summer and Fall across its portfolio of Projects. The Company is focused on exploration at its Genex Project in Timmins and Beschefer East in the Detour Camp (QC), while the Carscallen Project is being operated by Agnico Eagle under the option and joint venture agreement announced on September 28, 2020. Jonathon Deluce, CEO of Melkior, remarks, “This will be a very exciting rest of the year for Melkior as we focus on advancing Genex and Beschefer East while monitoring our partnership with Agnico Eagle at Carscallen. Our maiden drill program at Genex has proven the expansion potential of the Project, and we are currently busy in the field expanding the surface footprint of the historical deposit to prepare for our next drill program. We believe the Company is well positioned to benefit from the resumption of this gold and commodity bull market We appreciate the support of our shareholders during these challenging market conditions.” Genex: The Company has commenced its’ Summer 2023 field program consisting of prospecting, Beep-Mat surveying, MMI soil and stripping & channel sampling. The MMI soil program will cover the lines cut for the IP survey over the potential southwestern extension of the Genex system. The MMI will follow up on the geophysical anomalies to determine priority stripping and drill targets. The Beep-Mat survey will also cover this southwestern grid to investigate the source of the IP conductors. For t...