| Melkior Resources
Inc. ("Melkior")(TSX VENTURE:
MKR) is pleased to announce that
drilling on the 1010 Zone has returned 19.80 g/t
Au over 3.18 metres (WKD-07-18) on it's wholly
owned West Timmins gold project in Carscallen Township
in the Timmins area of Ontario. This undercuts
a surface grab sample obtained 20 m from the drill
collar that assayed 125.12 g/t Au over 0.20m. Additionally
drilling on the northern extension of the 1010
Zone (WKD-07-17B) has returned 17.14 g/t Au over
1.2 metres. This hole is located 200 metres north
of WKD-07-18. Surface grab samples obtained 30
m from the drill collar of WKD-07-17B returned
assays up to 467.00 g/t gold.
| Highlights of drill hole assays (not previously reported): |
| Zone |
|
Drill Hole |
|
From (m) |
|
To (m) |
|
Width (m)(i) |
|
Assay (g/t) |
| 1010 |
|
WKD-07-15 |
|
33.00 |
|
35.30 |
|
1.25 |
|
1.23 |
| Offset Structure |
|
36.25 |
|
37.15 |
|
1.25 |
|
1.23 |
| South |
|
57.95 |
|
59.00 |
|
1.05 |
|
2.27 |
| |
|
|
|
87.55 |
|
88.25 |
|
1.35 |
|
1.05 |
| 1010 North |
|
WKD-07-17 |
|
23.90 |
|
24.55 |
|
0.65 |
|
9.14 |
| 1010 North |
|
WKD-07-17B |
|
32.45 |
|
33.65 |
|
1.20 |
|
17.14 |
| 1010 North |
|
WKD-07-17C |
|
71.40 |
|
72.50 |
|
1.10 |
|
4.92 |
| 1010 Central |
|
WKD-07-18 |
|
11.00 |
|
12.00 |
|
1.00 |
|
2.87(ii)VG |
| 1010 Central |
|
WKD-07-18 |
|
27.15 |
|
30.33 |
|
3.18 |
|
19.80 |
| 1010 Central |
|
KD-07-18B |
|
55.40 |
|
63.60 |
|
5.92 |
|
0.75 |
| (i) - not
true width |
|
|
|
|
|
|
|
|
(ii) VG
- 10 cm section containing visible gold not
submitted for assay
from this interval |
The current drill program has identified
at least two gold zones as having significant new
gold exploration potential namely; the 1010 Zone
and the ZamZam Zone (News
Release January 3, 2008).
The assay results from drilling on these zones justify
additional drilling which is anticipated in the spring
of 2008. Contract negotiations have commenced to
secure a drill for 5000 metres of NQ drilling focused
on evaluating these gold bearing structures and other
areas of potential on the property.
Samples from
the NQ drill core were either split using a hydraulic
core splitter or sawn in half with a diamond saw,
one half was sent for assay and the other half
retained for reference. New Samples reported here
were analysed by Activation Laboratories in Mississauga,
Ontario using the standard fire assay technique with
a gravimetric finish. Due to the presence of coarse
gold, all samples returning values over 1 g/t Au
will be re-assayed using fire assay - metallic sieve
of all metallic particles which could be more representative
of the gold content. These assays are expected within
a month.
The field work and sampling was
done by geologist Wade Kornik BSc. This news release
was prepared by Jens E. Hansen, P. Eng, President
Melkior Resources Inc., a Qualified Person under
Article 43-101.
About Melkior:
Melkior is exploring
for minerals in Quebec and Ontario. The Timmins
Area is becoming a major focus of the company in
its current gold exploration programs. As well, additional
claims have been recently acquired in the area for
nickel, copper and gold in Eldorado, Langmuir and
adjoining townships. These claims adjoin properties
held by Liberty Mines Inc and Golden Chalice Resources
Inc. A map of the Eldorado Property is available
at www.melkior.com. Recently Melkior Resources has
acquired claims in Loveland Township near Timmins
adjoining patented claims held by Moneta Porcupine
Mines Inc. Claims recently staked at key locations
on the Geraldton Longlac gold belt will be explored
in the coming months. In the Ungava Area of northern
Quebec Melkior owns 49% of the Kenty Delta nickel
copper PGE deposits in partnership with Xstrata Nickel
and it also holds 100% of the Launay Gold project
near Val D'Or.
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 the Company' periodic reports including the annual
report or in the filings made by the Company from
time to time with securities regulations. The Company
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
event.
|
