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Melkior Resources Intersects 16.8 g/t Gold over 1.5 Meters at Carscallen
March 10,2023 – TheNewswire - Timmins, Ontario. Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce results from 6
About this update from Melkior Resources Inc.
[{"type":"text","content":"March 10,2023 – TheNewswire - Timmins, Ontario. Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce results from 6,283 meters of drilling at the Carscallen Gold Project located approximately 25 kilometres southwest of Timmins Ontario. Program Highlights: The Carscallen Gold Project lies within the township of Carscallen, approximately 25 kilometers southwest of Timmins, Ontario and borders the Genex Project which Melkior has under option from International Explorers & Prospectors Inc. It is comprised of 344 claim units covering 60 square kilometers with 100% ownership by Melkior. The Phase 3 drill program consisted of 6,283 meters. The Phase 3 drill program was designed to follow up on 2021-Q4’s program and was planned with holes targeting the deep Shenkman Zone and North Zam Zam Extension. Additional holes were drilled in the Mystery and 1010 Zones. CAR-22-25 was drilled in the southern portion of the Shenkman and targeted a higher-grade northwest trending corridor of gold mineralization. Significant assays from this drill hole include 4.42 gpt Au over 0.5 meters and 6.75 gpt Au over 1.5 meters from 329.2 to 330.7 meters, including 18.30 gpt Au over 0.5 meters. In addition, a strong zone of mineralization between 515 and 525 meters was intersected with sulphide-enriched quartz-carbonate veins. Assays from this zone include 8.49 gpt Au over 0.5 meters, 8.10 gpt Au over 0.5 meters and 8.49 gpt Au over 0.5 meters. CAR-22-28 was collared approximately 100 meters south-west of CAR-22-25, Following up on the encouraging results. Significant intersects include 4.93 gpt Au over 0.5 meters, 14.5 gpt Au over 0.5 meters, 4.15 gpt Au over 0.5 meters, and 4.49 gpt Au over 1 meter including 7.92 gpt Au over 0.5 meters. CAR-22-31, collared approximately 100 meters southwest of drill hole CAR-22-28 on the southern portion of the Shenkman Zone, intersected 16.8 gpt Au over 1.5 meters from 395 to 396.5 meters, including 49.6 gpt Au over 0.5 meters. CAR-22-27 was drilled approximately 450 meters north of the Zam Zam Zone and intercepted 8.29 gpt Au over 0.5 meters within a 30 cm quartz vein hosting elevated pyrrhotite, pyrite and minor chalcopyrite. The new intercept is also 100 meters north and along the pr...