Home / Mining Company News Releases (Unreviewed) / Khalkos: 4.8 g/t Au over 1.5 Metres Intersected by Drilling at the Malartic Property

Khalkos: 4.8 g/t Au over 1.5 Metres Intersected by Drilling at the Malartic Property

MONTREAL, QUEBEC–(Marketwired – Dec. 15, 2015) – KHALKOS EXPLORATION. (“Khalkos”) (TSX VENTURE:KAS) 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.

Neither the 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.

Robert Gagnon
(819) 825-2303
(514) 510-7964 (FAX)
[email protected]

Christian Guilbaud
Corporate Development
(514) 813-7862
(514) 510-7964 (FAX)
[email protected]


Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://feeds.mwnewsroom.com/article/rss?id=2011072. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

About Staff @ Geology for Investors

Geology for Investors seeks to demystify mineral exploration and mining projects for mining company investors. All of our writers and contributors are experienced and educated in geology and the geosciences.