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Melkior Resources Commences Summer Program at Val D'Or Property
June 16, 2021 – TheNewswire - Timmins, Ontario - Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce that it has b
About this update from Melkior Resources Inc.
[{"type":"text","content":"June 16, 2021 – TheNewswire - Timmins, Ontario - Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce that it has begun surface exploration work on its Val d’Or Property (“the Property”). The purpose of the survey is to follow up on the 2020 till sampling anomalies and targets (see news release dated August 27th, 2020). The survey includes follow-up soil sampling and prospecting on all targets except: Target 2 will be subject to prospecting only Target 4 due to the lack of outcrops and the pending drill results from the previous drill campaign completed on the Property. Below are details on each target and a map showing their specific location (Figure 1). The Company will report exploration results once the survey is complete. Figure 1: Interpreted Targets Target 1 is situated in the western area of the Property and could be an anomaly associated with intrusion-related gold mineralization. This target is generated using multiple till samples that are anomalous in different elements including: Au, Ag, As, Te, Mo, Pb, Sb, Bi, Sn, and W. The Company has added 13 new claims (746.2 ha) to the Property to ensure it covers the potential source of this anomaly. The source is expected to come from the granodiorites located just north of that area, and the unit already includes a gold showing in similar geological context to what is expected to be the source of the anomaly (the Jenson showing is grading at 6.7 g/t Au - Gariepy, 1988) and is hosted in intrusions, approximately 3-4km NE of the anomaly and outside of the Property). Target 2 could be the source of an anomalous area in gold that is located in the northern part of the Property and is spatially close to a silver discovery made by the exploration team in 2020 : 0.45 oz per ton of silver assayed in a metric sized boulder. The 2m x 1m boulder indicates that the source of the anomaly may be located close-by. The target also includes anomalies in Mo, Se, Hg and Bi. Target 3 is related to a high gold anomaly (277 ppb Au) in till and is located in the North-East area of the Property. This anomaly is also associated with Ag and W. The Company has multiple claims up-ice from the anomaly and will further inspect the suspected source of the anomaly. Target 4 is defined by gold pathfinder anomalies in soil sample...