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Melkior to Commence IP Ground Survey at the Val-D'Or Property
(TheNewswire) October 13, 2020 - TheNewswire - Timmin...
About this update from Melkior Resources Inc.
[{"type":"text","content":"Melkior to Commence IP Ground Survey at the Val-D'Or Property\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n October 13, 2020 -\n \n \n TheNewswire -\n \n \n Timmins, Ontario -\n \n Melkior Resources\nInc. (\"\n \n Melkior\n \n \" or\nthe \"\n \n Company\n \n \")\n(TSXV:MKR) (OTC:MKRIF) is pleased to announce it will conduct an\ninduced polarization (\"IP\") geophysical ground survey on\nTarget 4 of the Val-d'Or Property (the \"Property\"). The\npreviously completed soil survey (\n \n \n \n see\nnews release dated August 27th, 2020\n \n \n \n ) defined 4 main\ntargets on the Val-d'Or Property while additional anomalies will also\nbe further investigated.\n \n \n Following the IP results, a prospecting program will compare field\nobservation and IP results to further interpret the IP survey data.\nThis information will be used to plan a drill program on the strongest\nnear-surface targets to commence before the end of the year.\n \n \n \n Figure 1: Location of the IP\nGrid.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n Jonathon Deluce, CEO of Melkior, comments: \"We look forward to\nreviewing the results of our IP survey at Val d'Or. This moves the\nCompany one step closer to narrowing in our drill targets for the\nwinter 2020 program. We will be reviewing the data received against\nneighboring successful drill programs to best target potential gold\nmineralization in a district that has produced over 25 million ounces\nof gold historically.\"\n \n \n \n The Target\n \n \n \n The Company's top priority target is Target 4, located in the southern\narea of the Property. The target is based on soil anomalies that\nindicate a possible source located up-ice, on the Property. Target 4's\nlithologies include basalts and mafic volcanoclastic rocks; a 1km long\nformation that is locally described as a cherteous tuf with\nsemi-massive sulfide pockets; and a tonalite-granodiorite intrusion.\nThe tonalite-granodiorite intrusion is most likely the source of 4\nmineralized showings located as close as 300m outside of the Property,\nincluding the Bruell Deposit, on the neighboring Eldorado/Sparton\njoint venture.\n \n \n The anomaly is multi-elemental (Ag, As, Ni, Co, Cu, Mo, Zn, Rb, and W)\nand could be associated with gold and base metal mineralization. Its\nsource is expected to be lo...