Ottawa, Ontario, October 15, 2009 – Melkior Resources Inc. (“Melkior”) (TSX Venture: MKR) is pleased to announce that a diamond drill program totalling approximately 4000 metres is scheduled to begin in the first week of November 2009 on its 100% owned Carscallen property located in the West Timmins exploration area. It is located adjacent to the Lake Shore Gold Corp-West Timmins Inc gold properties and 5 kilometres from the Lake Shore mine and new discoveries at the Rusk Zone.
The drilling will consist of 3000 metres to drill deeper on the 1010 and the Shenkman-Zam Zam gold bearing zones. Drilling to date has been previously announced and it has consistently intersected the gold mineralized structures over a length of approximately 1000 metres and to a depth of approximately 150 metres. A 3 dimensional modelling of previous assay results is underway and will be used to guide the drilling.
An Induced Polarization survey of 22 km and a magnetometer survey of 24 km is being completed. The objective of these surveys is to map southern extensions of the 1010 and Shenkman-Zam Zam structures. Drilling of 1000 metres is being set aside to drill the existing zones southward toward the West Timmins boundary with the Melkior claims. The most southerly hole drilled in the summer 2009 program on the Shenkman zone encountered 56 g/t over 0.90 metres at a depth of 80 metres. This suggests that the zones continue southward with excellent grade potential.
The Melkior drill results to date compare very favourably to the early, shallow drill results by Lake Shore and West Timmins. The current program will systematically drill deeper to target the anticipated deeper mineralized horizons anticipated in the West Timmins exploration area.
This Press Release was prepared by Jens E. Hansen, P.Eng, President of Melkior, Qualified Person 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.
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.