Dec 17 2015
KHALKOS EXPLORATION. ("Khalkos") The management of Khalkos is pleased to announce the second drill hole (MA-15-02) undertaken on the Malartic property (press release June 22, 2015) has intersected the targeted shear zone with a gold grade of 4.8 g/t over 1.5 metres included in a section of 5.1 metres graded at 2.5 g/t Au.
Drill hole MA-15-02 is located 50 m behind (to the north) drill hole MA-15-01 that has intersected 4 metres grading 3.7 g/t Au including 11.4 g/t Au over 1 metre at a vertical depth of 50 metres. Drill hole 15-02 intersected the mineralized zone at a vertical depth of 135 metres confirming thus verticality and continuity of the shear.
The drilling campaign is currently underway with the execution of the fifth drill hole for a total expected meterage of more than 1,500 metres. All drill holes are located on the same cross-section, one behind the other, targeting the shear zone in order to investigate its gold potential at untested depths up until now. Results will be released once they are obtained.
M. Robert Gagnon, President of the Company states: ''Results of drill hole 1 and 2 confirm the gold continuity of the shear in depth. These new drill holes validate the geological model conceived by our technical team.''
Concerning the acquisition of the properties of Golden Share Mining Corp. announced on last November 23rd, Khalkos emphasizes that the conducted transaction is not arm's-length since Mr. C. Guilbaud, Board member of Golden Share, is also an 'insider' of Khalkos due to the fact that he is also an Officer of a Company holding more than 20% shares of Khalkos.
Following an insurance program and analytical quality control, blank samples and controls were added to the collected samples from the drill cores of the Malartic property for the fire assay performed by ALS Chemex laboratory in Val-d'Or, Quebec.
This press release was prepared by Robert Gagnon, President of Khalkos, Qualified Person pursuant to National Instrument 43-101.
Source: http://www.khalkos.com/