Melkior Announces Sale of Private Company Investment for $1 Million
June 8th, 2021 – TheNewswire – Timmins, Ontario – Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce that it has
Melkior Resources Inc. (TSX-V: MKR)
Creating Value Through Discovery in Canada
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Our Flagship Asset: The Carscallen Gold Project
During the past 100 years the Timmins area has produced over 70 million ounces of gold, making it one of the richest gold camps in Canada. The 100% owned Carscallen Gold Project is located in the Abitibi Greenstone belt, 3 kilometres due north of the PDFZ and 25 kilometres west of the city of Timmins in Northeastern Ontario.
On September 29th, 2020 we announced a strategic partnership with Kirkland Lake Gold Ltd. As part of this partnership Kirkland was the right to earn-in up to a 75% interest for $110 million in exploration expenditures in the Carscallen Project through an option and JV agreements.
Safe Jurisdictions
Strong location advantage vs. many exploration companies focusing abroad. Our projects are located in gold-rich areas in Canada.
Kirkland Lake Gold is a Strategic Partner
One of the worlds most respected mining companies is a strategic partner.
Industry Low G&A
Melkior management is rigorously focused on advancing our portfolio of assets. The majority of money raised goes directly into the ground.
Aggressive Work Programs
We strive to be extremely active at advancing our vast portfolio of assets in a productive and cost effective manner.
Aligned with Shareholders
With industry low G&A our management and executive team have heavy insider ownership aligning themselves with shareholders.
Corporate Presentation
With 4 highly prospective assets in world-class mining jurisdictions, a strategic partnership with a world-class mining operator in Kirkland Lake Gold, Melkior is well positioned for success.
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Melkior Announces Final Carscallen Drill Results and Drill Permit
Highlights: – 14.76 g/t Gold over 2.0 Meters (m), Including 60.5 g/t Au over 0.5m, 8.93 g/t Au over 3.0m, 6.85 g/t
Melkior Completes Maiden Drill Program at Val D’Or
Highlights: – 1,449M drill program has been completed during our maiden drill program at Val D’Or – The program targeted geophysical anomalies
Melkior Intersects 60.5g/t Au, 55.6g/t Ag, and 0.13% Cu over 0.5 Meters within 14.76g/t Au over 2.1 Meters at Carscallen
14.76 g/t Gold over 2.0 Meters (m), Including 60.5 g/t Au over 0.5m, 8.93 g/t Au over 3.0m , 6.85 g/t Au