OTTAWA, ONTARIO – Melkior has begun a diamond drill program on its 100% owned Launay Gold project located in Launay, Quebec. Ten (10) holes for a total of 1000 metres are planned. The objective is to test the continuity of known mineralized zones.
Melkior has retained Forage Rouillier from Amos, Quebec, and the program will be supervised and managed by Dr. Eric Hebert, P.Geo., of GeoVector Management Inc., an Ottawa based geo-consulting company. All required permits, along with surface holder authorization have been granted.
The program is expected to be completed by the beginning of August. Melkior is currently awaiting assays from its Carscallen Gold project, located in West Timmins, Ontario. Drilling will resume on Carscallen once all assays have been received and interpreted.
About the Launay Gold project:
The Launay Gold project is situated in the Abitibi Greenstone Belt and located approximately 70 kilometres northeast of Rouyn-Noranda, 40 kilometres west of the town of Amos in Abitibi, Quebec and is easily accessible using highway 111 between Amos and LaSarre. The property consists of 123 claims covering a surface area of 5418 hectares. The property hosts a series of gold occurrences namely Zone 75 and the Principal Zone. For further information regarding the Launay Gold project please refer to the Technical Evaluation Report of the Launay Property, June 30 2006, located on the Melkior website.
This Press Release was prepared by Jens E. Hansen P.Eng., President and CEO of Melkior Resources Inc.
Melkior is a junior exploration company with active exploration projects in West Timmins and holds several other exploration properties of which the most important is the 100% owned Launay gold property in West Quebec.
For more information:
Melkior Resources Inc.
E-mail: [email protected]
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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.