| Melkior
Resources Inc. ("Melkior")
(TSX VENTURE: MKR), has been advised by Fugro Airborne
Surveys Corp. that the Dash 7 aircraft was mobilized
to start surveying the West Rim Nickel property on
July 3. The previous 1738km MEGATEM survey of its
100% owned East Rim Nickel property has now been
interpreted and the final written report is scheduled
for delivery in four weeks. The preliminary maps
have been examined by Melkior and several electromagnetic
conductors with a high probability of being caused
by massive sulphides were mapped. These are of particular
interest since they occur within an area of a strong
gravity anomaly that could be caused by an ultra-mafic
intrusive body.
A review of technical literature
on the deposition of nickel sulphide deposits clearly
indicates that significant accumulations will occur
within, or on the margins of, large mafic to ultra-mafic
intrusive bodies. The high density of these rocks
will invariably result in an appreciable gravity
anomaly, and therefore nickel sulphide accumulations
will be proximal to these anomalies.
The proof
of deep search capability of MEGATEM on Melkior's
East Rim property and the timely delivery schedule
presented by Fugro has prompted Melkior to contract
Fugro to undertake a MEGATEM survey of its West
Rim Nickel property. This survey work will be operated
by Melkior on behalf of Bold Ventures Inc. and
Melkior Resources Inc. The property covers 909 claims
or 14544 hectares.
It is located approximately 20
kilometres north of the important Noront Eagle
One and Double Eagle nickel discoveries and 20 kilometres
southeast of the Metalex-WSR massive sulphide discovery.
The West Rim property covers the
majority of an important gravity anomaly located
at the approximate centre of the "Ring of Fire".
The ROF wraps around the Melkior-Bold gravity feature.
The
airborne survey will consist of approximately 1440
line kilometres at a cost of $300,000. The data
will be available to permit Melkior-Bold to undertake
ground follow-up and drilling in the coming months.
Upon completion of the airborne survey Melkior
and Bold will enter a 50-50 joint venture.
This news
release was prepared by Jens E. Hansen, P. Eng,
President Melkior Resources Inc., a Qualified Person
under NI 43-101. |
