McFaulds

Metals of interests:  Base Metals, PGM

Ownership: 100 % Melkior

Location: James Bay Lowlands, 110 km east of Webequie

Surface area: 1492 claims covering a total area of 238.72 km2

Highlights:

• Property centered on a large regional gravity anomaly
• Airborne MEGATEM and interpretation completed
• Follow-up airborne VTEM on selected targets.
• At least 19 defined massive sulphide targets, drill ready
• 43-101 report

 Description:

Melkior owns the East Rim Property in the “Ring of Fire” discovery area of North Central Ontario, which cover a large, significant regional gravity feature.  The property is possibly underlain by large volumes of dense mafic or ultramafic rocks of the type that can host significant nickel copper massive sulphide occurrences as demonstrated by the work of Noront Resources Ltd.

To identify massive sulphides on the property, Melkior undertook a 1738 line kilometre MEGATEM airborne survey.  The survey and its interpretation were carried out by Fugro Airborne Surveys.  Ten conductors were identified as first priority massive sulphide bedrock prospects and 8 as second priority.  In addition one first priority target occurs on ground owned 50-50 by Melkior and MacDonald Mines Exploration Ltd.

An exposure of highly altered dioritic to gabbroic intrusive rocks measuring approximately 300 by 600 metres was identified by Melkior’s consulting geologist in the south eastern portion of the East Rim claims.  This confirms Melkior’s interpretation that highly prospective mafic rocks are present.

Following the MEGATEM survey, Melkior contracted a detailed follow up VTEM helicopter survey of 650 line kilometres over the majority of the bedrock targets to evaluate the potential drill targets.

       McFaulds James Bay Lowlands Ring of FIre Properties

June 3, 2010 - MELKIOR COMPLETES VTEM SURVEY AT RING OF FIRE

May 18, 2010 - Airborne surveying starts at McFaulds.

January 14, 2010 -  MELKIOR IS A MAJOR LAND HOLDER IN MCFAULDS AND ACQUIRES MORE LAND

December 22, 2009 - Melkior Expands West Timmins Drilling and "Ring of Fire" Exploration