| Melkior Resources
Inc. ("Melkior")(TSX VENTURE:
MKR) is pleased
to announce that it is actively exploring its properties
as indicated.
LAUNAY GOLD
Melkior has completed
a 1782 metre drill program consisting of eleven
holes on its 100% owned Launay, Quebec gold property.
The drill program targeted two zones discovered and
initially drilled in the 1980's namely; The Principal
Zone and Zone 75. Four of the eleven holes were drilled
the Principal Zone and seven holes were drilled
on the Zone 75 gold prospect. Another hole, totalling
279 metres was drilled on the nearby Trojan gold
prospect.
A total of 806 samples have been
submitted for gold assay and the results are expected
from late May to the beginning of June.
ELDORADO
NICKEL
Fifty eight kilometres of line
cutting and magnetometer surveying have been completed
on the 100% owned Eldorado nickel property located
1.5 kilometres north of the Liberty Mines Inc Redstone
nickel mine. The property is 30 kilometres south
of Timmins Ontario. Further geophysics is planned
in preparation for 2008 drilling.
TIMMINS WEST
Fifty line kilometres
of detailed line cutting and magnetometer surveying
have been completed on the 100% owned Timmins West
Gold property located 30 kilometres west of Timmins
Ontario and 5 kilometres west of the Lake Shore
Gold Corp Bristol Township gold deposit. A drilling
program to follow up on significant gold intersections
from a 2007 drilling program is planned for June
2008.
GERALDTON-LONGLAC GOLD
A helicopter
Time domain Electromagnetic and magnetometer survey
has been contracted for Melkior's 100% owned Geraldton-Longlac
gold property. The results are expected in May
2008.
Melkior is well financed to undertake
these and other exploration programs during 2008
with available funds of $4,200,000.
This news release
was prepared by Jens E. Hansen, P. Eng, President
Melkior Resources Inc., a Qualified Person under
NI 43-101. |
