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Melkior Resources Continues to Intersect Wide Polymetallic Sulfide Mineralization at Genex
Highlights: Visual observations on approximately 1,207 metres of drilling completed across 9 holes located within 100 metres of the historical Genex underground
About this update from Melkior Resources Inc.
[{"type":"text","content":"Highlights: Visual observations on approximately 1,207 metres of drilling completed across 9 holes located within 100 metres of the historical Genex underground infrastructure. Disseminated to semi-massive polymetallic mineralization has been intersected in all holes drilled to date ranging in width from 2.2 to40.2 metres A new volcanogenic massive sulfide lens with associated stringer intervals was discovered outside the historical Genex deposit. Drilling was completed in late November, with the program totalling 4,223 metres Timmins, Ontario – TheNewswire – December 15, 2022 - Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to provide a second visual update from its drill program completed at Genex, which commenced in early October. 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 gold-copper polymetallic VMS exploration target with significant near-term resource potential. Figure 1: GEN-22-12 (106m) *The photos are of selected intervals and are not necessarily indicative of the mineralization hosted within the entirety of the drill holes Drilling This update includes 9 holes totalling 1,207 metres ranging in depth between 75 and 220 metres, targeting infill and extension targets around the historical Genex Mine (see following diagram). From logging, 5 holes out of 9 returned at least one mineralized interval over 10 metres hosting disseminated chalcopyrite-pyrite, pyrite-sphalerite and/or pyrite. Three holes drilled in two different areas host massive or semi-massive intervals embedded in the disseminated sulfide envelope. Genex Infill Holes GEN-22-10, and GEN-22-13 were drilled about 30 metres east of the shaft area to test the near surface up-dip extension of the Genex structure. Hole GEN-22-14 was drilled across the underground workings using a north north-west azimuth to test the potential for large near-surface disseminated mineralization. In this hole, repeated sulfide clusters, veins and stringer zones hosting up to 10% chalcopyrite with accessory sphalerite over metric intervals were observed from a depth of 25 to 110 metres along hole. The host rock is a volcanic breccia of interm...