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Melkior Resources Continues to Intersect High-Grade Copper with 3.35% Cu over 6.0m in Expansion Drilling at Genex
Highlights: Results from seven holes drilled in the 4,194-meter drill program at the Genex Project. GEN-22-12 intersected 3.35% Cu, 0.46g/t Au and 9.6 g/t Ag ov
About this update from Melkior Resources Inc.
[{"type":"text","content":"Highlights: Results from seven holes drilled in the 4,194-meter drill program at the Genex Project. GEN-22-12 intersected 3.35% Cu, 0.46g/t Au and 9.6 g/t Ag over 6.0 metres, extending the shaft zone to the south. Mineralization encountered in GEN-22-12 is hosted in volcanogenic sulfides, opening a new southward down-dip satellite zone. GEN-22-07 intercepted 27.3 metres of zinc-rich mineralization, including 1.11% Zn over 8.1 metres. This stringer zone mineralization extends the Genex structure to the southwest. These results, combined with our first batch announced on March 16th, (GEN-22-01: 0.96% Cu and 0.22g/t Au over 27.0 metres, including 2.29% Cu and 0.32g/t Au over 7.78 metres) demonstrate the expansion potential to the north and south of the historical Genex Deposit. Timmins, Ontario – TheNewswire – May 9, 2023 - Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce results from seven holes in its maiden Melkior-operated 4,194-metre drill program at the Genex Project. On April 21st, 2022, the Company announced an option agreement for the Genex Project to earn 100% over 7 years from International Explorers & Prospectors Inc (see news release dated April 21, 2022). The Genex Project is a polymetallic exploration target with near-term resource potential based on a high density of historical drilling around the former Genex deposit, which is located from surface down to 100 metres in depth. These results continued to demonstrate the wide development potential of this type of polymetallic and VMS target. Program highlights include GEN-22-12, intersecting 3.35% Cu, 0.46g/t Au and 9.6 g/t Ag over 6.0 metres, possibly extending the Genex Shaft Zone to the south. GEN-22-07 intercepted 27.3 metres of zinc-rich mineralization, including 1.11% Zn over 8.1 metres extending the zone to the southwest. Jonathon Deluce, CEO of Melkior, remarks, “We are excited about these results, which not only highlight the southern expansion potential of the Genex system but also support the historical deposit being open for expansion. Our maiden drill program has provided us with valuable insights, including identifying the geological indicators and geophysical response that hosts the stronger mineralization. With this knowledge, we are eager to plan our next phase of dr...