| Melkior Resources
Inc. ("Melkior")(TSX VENTURE:
MKR)is pleased to announce the completion of 2543
metres in 23 holes of NQ core on it's West Timmins
gold project located in Carscallen Township, approximately
30 km west of the city of Timmins, Ontario. Further
to the excellent assay results previously reported
from the 1010 Vein, where 28 of the 92 samples taken
exceeded 28 g/t Au (NR Sept. 17, 2007), new assay
results from summer trenching and sampling have identified
a 50 metre long vein located 100 metres north-north
east of the last known surface extent of the 1010
vein. The maximum mineralized width of this new zone
is one metre and assay results have yielded a maximum
value of 467 g/t gold; 10 of the 28 samples taken
exceed 28 g/t Au and 19 of the 28 samples exceed
10 g/t Au. Melkior Resources is very pleased to have
extended this high grade gold bearing vein system
to a total length of 300 metres. This vein system
was drill tested.
The drill program's objective was
to test a series of geological and geophysical
targets defined by geology, sampling, magnetometer
and Induced Polarization (IP) surveys. The primary
drill targets were within the Carleton tonalite
geological unit that occupies the western 2/3
of the property and hosts gold mineralization in
structurally controlled veins (NR October 5, 2006
and September 6, 2007). Five individual drill targets
within the tonalite were tested with 17 NQ diamond
drill holes.
The targets tested were:
1. ZamZam
Zone. Five holes were drilled.
2. Jowsey Zone.
One hole was drilled.
3. Shenkman Zone. Three holes
were drilled.
4. Mysterious Shear Zone. One hole
was drilled.
5. 1010 Vein system. Seven holes
were drilled. The system has now been surface traced
for 300 metres and is open at both ends.
Within the
1010 area the 2007 trenching program has identified
a vein located 100 metres north-north east of the
previously known northern limit of the 1010 Vein
system. At the northern extent it dips into a swampy
area. Grab samples were taken along the 50 metre
length of the exposed vein and the results are
presented below:
| 1010 Vein - Northern Extension
Discovery Area |
| |
|
g/t gold |
|
|
|
g/t gold |
MKR-WTK-B319 |
|
2.45 |
|
MKR-WTK-B320 |
|
84.90 |
MKR-WTK-B321 |
|
50.60 |
|
MKR-WTK-B322 |
|
73.60 |
MKR-WTK-B323 |
|
467.00 |
|
MKR-WTK-B324 |
|
163.00 |
MKR-WTK-B325 |
|
44.50 |
|
MKR-WTK-B326 |
|
0.30 |
MKR-WTK-B327 |
|
9.31 |
|
MKR-WTK-B328 |
|
0.65 |
MKR-WTK-B329 |
|
23.80 |
|
MKR-WTK-B330 |
|
12.20 |
MKR-WTK-B331 |
|
16.50 |
|
MKR-WTK-B332 |
|
108.00 |
MKR-WTK-B333 |
|
5.00 |
|
MKR-WTK-B334 |
|
3.32 |
MKR-WTK-B335 |
|
6.30 |
|
MKR-WTK-B336 |
|
37.00 |
MKR-WTK-B337 |
|
2.43 |
|
MKR-WTK-B338 |
|
10.70 |
MKR-WTK-B339 |
|
36.30 |
|
MKR-WTK-B340 |
|
16.00 |
MKR-WTK-B341 |
|
36.40 |
|
MKR-WTK-B342 |
|
14.40 |
MKR-WTK-B343 |
|
23.70 |
|
MKR-WTK-B344 |
|
10.00 |
MKR-WTK-B345 |
|
13.10 |
|
MKR-WTK-B346 |
|
5.94 |
| |
|
|
|
|
|
|
The 1010 Vein - Northern Extension was targeted
in the recently completed diamond drill program by
3 holes drilled from one setup WKD-07-17A (-45),
WKD-07-17B (-70) and WKD-07-17C (-90) which was collared
25 metres east of the vein which dips at 65 east.
The three holes tested the vein at three depths to
establish vertical continuity. Results will be released
as the holes are logged and sampled and assay results
received.
A secondary objective of the drilling was to test
IP anomalies in a mafic volcanic environment that
covers the eastern 1/3 portion of the property. Six
holes were drilled on six separate IP targets. The
target of the drilling is sulphide mineralization
which will be assayed for base metals and gold.
The core is currently being logged and sampled.
It is anticipated the samples will be sent to the
assay laboratory in two batches with the last batch
sent for assay in two weeks.
The drilling was supervised by Wade Kornik, geologist,
who logged and sampled the core. Jens Hansen, P.
Eng, President of Melkior Resources is the Qualified
Person under NI 43-101 who prepared 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 regulations. Melkior undertakes no obligation
to publicly release the result of any revision of
these forward-looking statements to reflect events
or circumstances after the date they are made or
to reflect the occurrence of unanticipated events.
|