OTTAWA, ONTARIO–(Marketwire – May 18, 2010) – Melkior Resources Inc. (“Melkior”) (TSX VENTURE: MKR) is pleased to announce that a 1,765 line kilometre VTEM airborne electromagnetic survey is underway on its 100% owned Broke Back and Riverbank claim groups in the Mc Faulds area of Northern Ontario. The Broke Back property is located approximately 7 kilometres north of Noront Resources Eagle One discovery and adjoins Noront’s claim block.
The Broke Back and Riverbank claims total 14,880 hectares. Melkior’s 100% owned East Rim property, where surveying has been completed and where 9 massive sulphide signature targets have been identified as immediate drill targets, totals 23,872 hectares. The 50% West Rim property has also been surveyed with one priority target being identified. This property totals 14,960 hectares.
Altogether Melkior has an interest in 53,712 hectares or 537.12 square kilometres in the Mc Faulds area which appears to be developing into Canada’s newest mining camp.
Melkior will be attending Northern Mines and Exploration “Big Event” on May 19-20. Melkior’s display booth is # R2-14.
This Press Release was prepared by Jens E. Hansen, P.Eng, President of Melkior Resources Inc, Qualified Persons under National Instrument 43-101.
Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds “Ring of Fire” areas of Ontario. Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.
For more information:
Jens E. Hansen, P. Eng., President
E-mail: [email protected]
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.