Melkior Surface Sampling Extends ZamZam Zone at Carscallen Gold Project

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

Zone

Gold (g/t)

Q684001

ZamZam

66.90

Q684002

ZamZam

2.52

Q684003

ZamZam

16.15

Q684004

ZamZam

32.80

Q684005

ZamZam

23.00

Q684006

ZamZam

0.53

Q684007

ZamZam

4.09

Q684008

ZamZam

1.75

Q684009

ZamZam

11.25

Q684010

ZamZam

0.70

Q684011

Jowsey

121.00

Q684012

Jowsey

19.35

Q684013

Shenkman

0.34

Q684014

1010

55.40

Q684015

1010

50.70

Q684016

1010

17.50

Q684017

1010

2.83

Q684018

1010

33.20

Q684019

1010

21.60

Table 1: New surface samples from the different zones at Carscallen

 

ZamZam zone

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.

Jowsey zone

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.

Shenkman 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.

1010 zone

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.”

Conclusion

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.

Quality control

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.

 About Melkior:

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.

Tel: 613.721.2919

Cell: 613.715.1190

Fax: 613.680.1091

E-mail: info@melkior.com

Web: www.melkior.com

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.

 

  Carscallen Gold Zones map

 1010 North Grab Samples map

 1010 South Grab Samples map

 ZamZam Grab Samples map

 Jowsey Grab Samples map

 Shenkman Grab Samples map