Timmins, Ontario / TheNewswire / May 25, 2018 – Melkior Resources Inc . (“Melkior “) is releasing six additional maps from the recently completed $275,000 (2,170-line kilometer) VTEM helicopter-borne magnetometer and EM survey on the Maseres Project. The two first maps below are provided for regional context.
Maseres Magnetic Survey overlain on Regional Magnetics.
Maseres TAU overlain on Regional Magnetics.
MKR_Maseres_25k_TMI : Total magnetic intensity (TMI) colour image and contours.
MKR_Maseres_25k_CVG : Calculated Vertical Derivative.
MKR_Maseres_25k_TotHGrad : Magnetic Total Horizontal Gradient colour image.
MKR_Maseres_25k_TiltDrv : Magnetic Tilt-Angle Derivative colour image.
MKR_Maseres_25k_Hgcxline : Cross-line Gradient.
MKR_Maseres_25k_Hginline : In-line Grad
Magnetic maps and their derivatives can be used to help define continuity of known geologic units. Transitions in magnetic properties usually reflect transitions in rock type or alteration, discontinuities may represent faults. Immediately north of the Maseres Project drilling by Aur Resources in 1998 (DF-98-01) established bedrock to be volcanic terrain, iron formation was reported in the drill core. The magnetometer and EM survey, conducted by Aur Resources, established formational continuity from DF-98-01 to the northwest for three kilometers, and six kilometers to the southeast, well into to the current boundaries of the Maseres Project. Thus, the northeastern corner of the Maseres Project was established as being part of the Urban-Barry Greenstone Belt in 1998. Melkiors VTEM survey has extended this formational magnetic and EM trend, the Urban-Barry Greenstone Belt, for an additional 10 kilometers, well into the central area of the Maseres Project.
Within the upcoming week additional VTEM maps will be released, and the discussion of relevance continued. Interested parties are invited to follow the discussion, review the VTEM survey maps and formulate their own opinions. Additional background and regional context on the Maseres Project can be gained through a review of Maseres Project news releases.
Melkior is of the opinion the Maseres Project may be situated in one of the most prospective gold rich, Bousquet Type, VMS environments Canada has ever seen. The scale is highly unique. This robust 12 km conductive trend is linked into a very intriguing 4 km by 6 km concentric magnetic anomaly with an outer robust conductive ring anomaly. A-horizon soil analysis in 2017 over a portion of the EM trend returned up to 121 ppb Au; 59 ppm Ag; 93 ppm Cu; 78 ppm Zn; 30 ppm Pb (NR September 17, 2017). The reader is reminded that the Maseres land package is about 12 km by 20 km of contiguous sole ownership. The anomalous trends are centered within the Maseres Project.
Wade Kornik, P.Geo., has approved the information contained in this release. Mr. Kornik is the Exploration Manager of the Company and is Qualified Person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD
Keith James Deluce, CEO
For more information, please contact:
Melkior Resources Inc.
E-mail: [email protected]