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Melkior Resources Provides Carscallen Update
Timmins, Ontario / TheNewswire / March 6, 2018 - Melkior Resources Inc. ("Melkior") is pleased to announce the assays from the 2017 soil sampling program on the
About this update from Melkior Resources Inc.
[{"type":"text","content":"Timmins, Ontario / TheNewswire / March 6, 2018 - Melkior Resources Inc. (\"Melkior\") is pleased to announce the assays from the 2017 soil sampling program on the Carscallen Project have been received. The analysis and integration of these results into the 2018 Exploration program is ongoing, a preliminary discussion of these results is presented below. Melkior undertook a soil sampling program over a one-kilometer square area of the Carscallen Project in 2017. The area sampled included the central project area, where over 90% of drilling has been undertaken (Zamzam, Jowsey, Shenkman, Wire Gold areas). Soil samples were collected from both the A and B horizons, at 25 m spacing, and submitted for trace analysis (ALS method, AuME-TL43). Generally, there was a good correlation between the assays of the A and B horizon samples. Very few areas of anomalous gold were detected in the B Horizon not observed in the A-horizon at the same location. Generally, B-horizon anomalous areas were observed to have a smaller footprint but co-located with A-Horizon anomalies. Software based statistical evaluation indicates that bismuth is the only element strongly corelated to gold within the soil dataset. This association appears to be validated by a strong correlation of gold and bismuth soil anomalies with both: surficial gold showings; and shallow intersections of gold in drill holes. Surface samples from the Jowsey showing have assayed up to 1,725 ppm Bi (Sample MKR-WTK-B84, 843 ppm Au, 1,725 ppm Bi). An overlay of drill core sample bismuth ICP assays located at shallow sample depth (less than 100m) has a very good correlation with the bismuth in soil anomalies. Additionally, overlaying of all historic assay data from drilling where Au > 1.0 ppm and the sample depth less than 100m has a very good correlation with bismuth in soil at surface. Historically, high bismuth assays without significant gold values have not been considered worth following up. Going forward, a greater significance in the association of bismuth and gold is going to be incorporated into the Carscallen exploration program. Drilling in 2008 defined the southern limit of the Zamzam Zone where continuity between closely spaced drill holes was lost in the southerly direction. About 100m south-west of the area of lost continuity (TW-08-ZZ-1) recent soil sampling data indicates...