Business
Melkior Resources, Maseres - VMS Type Mineralization Confirmed
Timmins, Ontario / TheNewswire / October 30, 2018 - Melkior Resources Inc. ("Melkior") is pleased to announce that assay results confirm the existence of strata
About this update from Melkior Resources Inc.
[{"type":"text","content":"Timmins, Ontario / TheNewswire / October 30, 2018 - Melkior Resources Inc. (\"Melkior\") is pleased to announce that assay results confirm the existence of strata-bound sulphide mineralization within mafic volcanic rock on the Maseres Project. Assay results from the strata bound, sulphide mineralized horizon returned maximum values of: Copper: 2,040 ppm Lead:125 ppm Zinc: 130 ppm Silver: 4.3 ppm Gold: 0.459 ppm 42 samples contained over 9% Iron with 16 of these containing over 9% Sulphur. The results of these analysis in conjunction with surficial observations validates the hypothesis that VMS type mineralization is present on the Maseres Project. The proximity of the mineralized horizon to VTEM conductors suggests a correlation between VTEM EM anomalies and strata-bound sulphide mineralization on the Maseres Project. This correlation would elevate all EM anomalies along the ten-kilometer geological trend to drill targets. The following table summarizes the number and Grade of 386 EM anomalies identified by Geotech on the Maseres Project. Number of EM Anomalies Anomaly Grade 29 Conductance > 50 S 25 35 S < Conductance < 50 S 46 20 S < Conductance < 35 S 79 10 S < Conductance < 20 S 89 5 S < Conductance < 10 S 118 Conductance < 5 S 595 AIIP As reported by Geotech: \"There are two kinds of anomalies: 1. Strong EM conductors possibly associated with pyrrhotite and/or pyrite in iron formations; 2. AIIP anomalies associated with clay in drainages\" Melkior is of the opinion that the extensive corridor of VTEM EM anomalies are predominately related to a single volcanic package, that includes VMS type mineralized units, deposited at a transition from felsic to mafic vulcanism. These bedrock samples were taken in an area of, relatively shallow overburden and very close to strong EM conductors. The geology of this area will be studied to better understand this important sequence of rocks. Approximately 80% of the VTEM EM anomalies on the Maseres Project have been evaluated on the ground (ground truthed). The areas that host the EM anomalous trends are almost always low lying and devoid of outcrop immediately overlying the EM anomalies. A trenching permit has been applied for, prospecting continues and weather permitting, bedrock exposure will be enhanced before winter sets in. Melkior is advancing the Masere...