Home / Mining Company News Releases (Unreviewed) / Melkior Receives High Grade Gold Analyses From the Carscallen Property and Announces Drill Program

Melkior Receives High Grade Gold Analyses From the Carscallen Property and Announces Drill Program

OTTAWA, ONTARIO–(Marketwired – Dec. 2, 2015) – Melkior Resources Inc. (“Melkior”) (TSX VENTURE:MKR) (OTC PINK:MKRIF) (FRANKFURT:MEK) is pleased to provide a progress report on its wholly owned Carscallen gold project which is located approximately 25 kilometres west of the centre of Timmins Ontario and 5.5 kilometres west of Lake Shore Gold Corp’s Timmins West Mine. Recent (2014) exploration drilling by Lake Shore Gold Corp has intersected several significant, northeast trending gold zones to the southwest of the Timmins West Mine along Hwy 144. Below is a figure that shows the location of the Carscallen property in relation to the Timmins Gold Camp and the Timmins West Mine

To view the Location of Carscallen Property map, please visit the following link: http://media3.marketwire.com/docs/1035319m.pdf

The Timmins West Mine owned by Lake Shore Gold Corp is presently producing about 150,000 ounces of gold per year (Lake Shore Gold Corp Website). In addition, in 2014, the Lake Shore announced the discovery of a new zone (144 Gap Zone) that had intersected 5.37 grams per tonne over 46.0 metres, including 21.87 grams per tonne over 6.0 metres and 12.54 grams per tonne over 4.4 metres. The gold mineralization has been found in north trending structures similar to the Carscallen Property.

Current work on the Carscallen property consists of a surface sampling program on the Zam Zam Zone, Jowsey Zone and the Shenkman Zone. Samples were taken from areas that were previously drilled as well as areas that have not seen past drilling. Following is a chart showing the gold results of the sampling.

Carscallen Property Sample Results
East North Au (g/t) Location
451615 5356825 0.353 Arsenic Zone Dump
451962 5356935 9.66 Aumo Shaft Dump
451601 5358280 9.8 Jowsey Zone
451605 5358255 58.8 Jowsey Zone
451616 5358407 0.797 Jowsey Zone
451617 5358390 0.649 Jowsey Zone
451612 5358361 1.26 Jowsey Zone
451609 5358381 0.808 Jowsey Zone
451615 5358408 2.84 Jowsey Zone Shaft Dump
451965 5357060 0.021 Mahoney Lake West Porphyry Boulder
451410 5356821 0.041 Porphyry with Pyrite Cubes
451644 5357935 0.517 Shenkman Zone166m Northeast
451506 5357824 0.001 Shenkman Zone Porphyry
451515 5357788 7.18 Shenkman Zone Quartz Vein Sulphides
451524 5357819 0.507 Shenkman Zone Shear
452108 5357393 0.081 Trenching North End of Mahoney Lake
451439 5358439 1.08 Zam Zam Zone
451442 5358436 6.66 Zam Zam Zone
451438 5358407 0.079 Zam Zam Zone
451437 5358426 0.259 Zam Zam Zone
451452 5358381 1.24 Zam Zam Zone
451470 5358358 3.85 Zam Zam Zone
451474 5358351 0.39 Zam Zam Zone
451476 5358341 32.5 Zam Zam Zone
451484 5358334 13.2 Zam Zam Zone
451494 5358324 2.94 Zam Zam Zone
451496 5358314 2.78 Zam Zam Zone
451498 5358303 3.3 Zam Zam Zone
451488 5358330 18.5 Zam Zam Zone Fork Southeast
451485 5358325 3.29 Zam Zam Zone Main Vein

Seven samples taken on the Jowsey Zone ranged from 0.649 to 58.8 g/t gold over a 150 meter strike length with an average of 10.7 g/t gold. The highest value (58.8 g/t gold) was found in the most southerly section of the zone where it disappears beneath overburden and swampy ground.

Fourteen samples were taken on the Zam Zam Zone over a strike length of about 135 meters. The values ranged from 0.079 to 32.5 g/t gold with an average of 6.4 g/t gold. It was noted during sampling that the zone splays in places with gold values continuing in the splays. One splay was analyzed and found to contain 18.5 g/t gold.

One sample taken on the Shenkman Zone analyzed 7.18 g/t ton gold and a sample taken on the Aumo Shaft Zone analyzed 9.66 g/t gold.

The figure below shows the relative locations of samples taken on the property.

To view the figure, please visit the following link: http://media3.marketwire.com/docs/1035319_fig1.pdf

A drill program is scheduled for December on the Carscallen property. It will consist of 5 holes (400m minimum) to test specific targets that have been generated by recent work on the property. At least one hole will test the northern extension of the Aumo Shaft Zone where drilling last year by Melkior intersected 39.2 g/t gold over 0.3 meters

The contents of this press release have been reviewed by Jens Hansen, P.Eng, President and director and Wayne Holmstead, P.Geo, Qualified Persons as defined by National Instrument 43-101.

About Melkior:

Melkior is a mineral exploration company with gold exploration projects in West Timmins, Ontario and Launay, 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.

Melkior Resources Inc.
Jens E. Hansen
President and CEO
613.721.2919
613.680.1091 (FAX)
[email protected]
www.melkior.com

 

Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://feeds.mwnewsroom.com/article/rss?id=2007468. 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.