OTTAWA, ONTARIO – Melkior Resources Inc. (TSXV – MKR) (“Melkior”) is pleased to report results from its surface sampling program at Carscallen Gold project in Timmins, Ontario. In May 2013 Melkior sampled four zones at Carscallen which averaged 70.18 (Jowsey), 15.97 (ZamZam), 30.21 (1010) and 0.34 (Shenkman) g/t gold. The purpose of the program was to sample extensions of zones not previously sampled and to fill in between channel samples (News Release, December 17, 2012).
The different zones (ZamZam, Jowsey, Shenkman and 1010) were tested by taking surface samples at strategic areas. The surface samples were selected along the main veins where they were exposed on surface and where no previous channels had been taken. A total of 19 samples were taken: 10 on the ZamZam zone, 1 on the Shenkman zone, 2 on Jowsey zone and 6 on the 1010. For the location of the trenching and sampling please refer to Melkior’s web site www.melkior.com. Table 1 displays the results from the new surface sampling.
Surface sample number
Table 1: New surface samples from the different zones at Carscallen
The ZamZam zone surface sampling extends over a length of 215 metres on surface averaging 15.97 g/t gold. The 15.97 g/t gold was obtained by averaging the 10 new samples taken on veins at locations between previous channels (News Release, December 17, 2012). The reason for sampling was to fill the gaps between the channelling of the ZamZam main vein. With these new surface samples, the average interval of sampling is now about 10 metres.
Sampling on the south portion of the Jowsey zone averaged 70.18 g/t gold (121 g/t and 19.35 g/t gold; 15 metres apart). The Jowsey zone is located about 100 metres east of ZamZam and sub-parallel to it but is not as well exposed on surface. Two samples were taken approximately 100 metres south of previous surface work. This portion has never been channelled because access to the outcrops is limited. The length of the Jowsey zone is now extended to a total of 175 metres. No shallow drill holes have tested this portion of the Jowsey zone.
Limited surface sampling was undertaken at Shenkman due to the lack of rock exposure. Drilling at Shenkman intersected gold values at depth (4.84 g/t gold over 13.30 metres and 5.10 g/t gold over 13.25 metres). It appears that the possible surface exposure of the Shenkman Zone has not yet been discovered.
To date drilling at the 1010 zone has concentrated on testing Induced Polarization (IP) geophysical targets. The 1010 Zone is located 600 metres west of Shenkman. Six surface samples were taken averaging 30.21 g/t gold. These samples were taken over a distance of 300 metres along the strike of the vein system. The mineralized vein system extends at least 430 metres along strike. Although the surface sampling revealed new possible targets between the north portion and the south portion of the 1010 Zone not previously tested by drill holes.
Jens Hansen, President and CEO of Melkior, states “Melkior is extremely pleased with the new results and the progress of exploration on the Carscallen gold project. All indicators point to the presence of a major gold source at depth, and we are expanding our understanding of the significant near-surface gold potential.”
From previous work and from the current program, the following observations can be stated.
- Surface work has revealed extensions of existing systems.
- The mineralized vein systems sampled and drilled to date are within an area measuring 1000 metres by 1000 metres.
- Drilling has established that the veins tested to date are hosted within a granite cap overlying volcanic rocks that are believed to contain the source of the gold and also has potential volcanogenic massive sulphides.
The following work is recommended for the future.
- The gold vein systems explored at Carscallen suggest a gold feeder system at depth. Therefore, systematic deep drilling;
- Additional sampling to detail the Jowsey zone; and
- Immediate surface sampling to detail the area south of 1010.
All surface samples were submitted to ALS Chemex Laboratories in Timmins, Ontario, for assaying. The processed samples were submitted to a standard fire assay with AA technique (Au-AA-23) and inductively coupled plasma emission spectroscopy (ME-ICP-41) on a 30-gram subsample. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. For samples returning greater than 10 g/t gold, follow-up analysis using fire assay with a gravimetric finish is completed.
This press release was prepared by Dr. Eric Hebert, PGeo, of GeoVector Management Inc., Qualified Person under National Instrument 43-101. Dr. Hebert designed and supervised the sampling program and reviewed the quality control information.
Melkior is a junior exploration company with active exploration projects within the Timmins gold camp and holds several other exploration properties of which the most important is the 100% owned Launay gold property in West Quebec. Melkior also holds two claim groups in the Beardmore Long-Lac gold camps as well as 49% of the Delta Kenty nickel-copper deposit in Ungava.
For more information:
Jens Hansen, P.Eng. President and CEO
Melkior Resources Inc.
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This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Melkior’s periodic reports including the annual report or in the filings made by Melkior from time to time with securities regulatory authorities.