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Melkior Resources Intersects 2.29% Copper over 7.78m in Polymetallic Sulfides at Genex
Highlights: Results from the first 6 holes drilled in the 4,194-meter drill program at the Genex Project GEN-22-01 intersected 0.96% Cu and 0.22g/t Au over 27.0
About this update from Melkior Resources Inc.
[{"type":"text","content":"Highlights: Results from the first 6 holes drilled in the 4,194-meter drill program at the Genex Project GEN-22-01 intersected 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. GEN-22-04 intersected 1.14 g/t Au, 0.52% Cu, 0.36% Zn and 14.17 g/t Ag over 15.65 metres, including 5.0 g/t Au, 1.98% Cu, and 61.26 g/t Ag over 2.7 metres. Significant cobalt results were obtained: 0.15% Co over 9.15 metres, including 0.415% Co over 2.7 metres in GEN-22-04. Both holes successfully extended the Genex Shaft Zone mineralization between 25 to 100 metres to the north. Timmins, Ontario – TheNewswire – March 16th, 2023 - Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce results from the first six 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 first results demonstrated the wide development possibility of this type of polymetallic and VMS target with significant near-term resource potential. Program highlights include GEN-22-01, which intersected 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, successfully extending the Genex Shaft Zone 50 metres to the north. GEN-22-04 intersected 1.14 g/t Au, 0.52% Cu, 0.36% Zn and 14.17 g/t Ag over 15.65 metres, including 5.0 g/t Au, 1.98% Cu, and 61.26 g/t Ag over 2.7 metres. A cobalt interval was obtained inside the mineralized zone with 0.15% Co over 9.45 metres, including 0.415% Co over 2.7 metres. It is the first time cobalt values have been encountered on the Genex project, identified with systematic sampling. The mineralization is visually correlated with chalcopyrite stringers. Jonathon Deluce, CEO of Melkior, remarks, “We are excited to announce this first batch of holes drilled at Genex. We have accomplished our Phase 1 goal of extending the potential economic...