Feb 11 2016
Melkior Resources Inc. ("Melkior") is pleased to announce that it has signed a Memorandum of Agreement to drill a minimum of 600 metres on its 100% owned Carscallen Township properties. Depending on availability of financing the program may be expanded. The initial program will be on the Big Marsh property.
The main Carscallen property covers eight gold zones, previously announced. A significant portion of the property is covered by a granitic unit hosting gold bearing veins at various locations on the property. Recent drilling and data analysis have determined that the granitic unit is in the order of 200 to 300 metres thick and overlies volcanics that host what appears to have the potential to become an important discovery in volcanics (NR January 22, 2016). This will be a focus of future exploration. The volcanic system is interpreted in a swampy area north of previous drilling.
Melkior's Carscallen property is located immediately west and northwest of the Lake Shore Timmins Mine and the important, new 144 and 144 Gap discoveries. Melkior's Carscallen properties share a 5.29 kilometre boundary with Lake Shore (NR February 8, 2016) Miner Tahoe to buy Lake Shore Gold). To view map of the Melkior Carscallen Timmins properties please click on the following link: http://media3.marketwire.com/docs/MKR0210.pdf
This news release has been prepared by Jens E. Hansen, P. Eng
About Melkior:
The reader is invited to visit Melkior's new web site melkior.com.
Source: http://www.melkior.com/