KHALKOS EXPLORATION. - Management of Khalkos is pleased to announce results of surface sampling undertaken on its new Malartic property, Révillard part (see press release May 11, 2016).
The due diligence done by Khalkos on the main stripping zone and its surrounding area indicated that the principal showing (100 m in length and 30 m in width) remains open to the west with a selected sample that yielded 13 g/t Au. No channel sampling was done on this zone. Note that in 2006, Britannica Resources undertook 334 channel samples (0,5 m length each) for a total of 125 metres. Khalkos yielded a 20 g/t Au in a selected sample, approaching the highest value obtained in channel sampling that was 29 g/t Au (see press release of Britannica Resources July 19, 2006). Two other random samples on the trench yielded abnormal values between 0,18 and 0,26 g/t Au. Note that the northern part of the trench yielded more than 14 g/t Au and no follow-up was done by previous manager. It is thus obvious that the principal showing remains open and other stripping is required. In addition, Khalkos' team discovered, at more than 200 metres west of the main stripping zone, an ancient trench containing quartz vein blocks mineralized in pyrite, chalcopyrite, covellite, galena and native gold. Two samples were collected and yielded 11,5 g/t and 1,6 g/t Au. No stripping or recent drilling took place in this zone. Khalkos plans to undertake shortly surface fieldworks on the main stripping zone and its possible extension.
The Malartic property (part JAG, part Malartic Lakeshore, part Révillard) is constituted of 82 mining claims covering more than 10 km of favorable auriferous structure in the Malartic mining camp, 30 km north-west of the Val-d'Or city. The property is located in the heart of Cadillac deformation zone and at the proximity of important gold producers, at only 2 km of Lapa mine (Agnico Eagle «AEM»), 11 km of Canadian Malartic mine (Yamana - AEM) and 20 km of Laronde mine (AEM), on the same geological contact where the gold mines Doyon-Bousquet, Laronde as well as Westwood are located.
Samples from the Malartic property were assayed by ALS Chemex laboratory in Val-d'Or, Quebec. Following the fire assay, samples yielded greater than 10 g/t were re-assayed by the gravimetric method. Samples were prepared following standard procedures of the laboratory.