Equity Insider News Commentary Issued on behalf of Lake Victoria Gold Ltd. Equity Insider News Commentary - For those paying attention to gold, experts have begun to weigh in on whether or not the precious metal will hit US$4,000 per ounce in 2025. Billionaire hedge fund manager John Paulson, who sees gold near $5,000 by 2028, has signaled that he's ready to reap the rewards from gold mining stocks in this current market [...]
Melkior Resources is pleased to announce it has discovered a new high-grade zone as the result of its 1,200 m winter drill program at its 100% owned Carscallen Gold Property. The drilling was focused on expanding the strike and down plunge of the N-S trend, 1010 gold-mineralized structural zone, and is located approximately 1 km southwest of the Shenkman Zone, where the Company previously identified 51.9 g/t gold over 3.7 [...]
Melkior Resources is pleased to announce that has entered into an agreement with Douglas Lalonde and Gilles Allaire, arm's length parties to Melkior Resources, to acquire a gold exploration property. Melkior will acquire a 100% interest in the Turnbull Property in the Timmins, which adjoins the company property to the northwest, adding an additional 76 mineral claims to the Company's 376 mining claims land package [...]
Melkior Resources is pleased to announce the commencement of its Winter Drill Campaign at the Beschefer East Project. On June 14th, 2023, the Company entered into an option agreement on the Beschefer East Project to earn 100% over 3 years from SOQUEM Inc. A six-hole winter drill program with a total of 1,050 drill metres is under way at the Beschefer East Project. This drill program will test new targets identified from [...]
Melkior Resources is pleased to announce the commencement of its 2024 Winter Drill Campaign at the Carscallen Gold Project. Keith Deluce, Director of Melkior Resources, stated: "Following the data review and 3D modelling exercises, we are thrilled to kick off the winter drilling program at the Carscallen Gold Project. The program will probe the strike and down-plunge extensions of the 1010 mineralized zone including [...]
Melkior Resources announces that the option agreement dated September 25, 2020 and amended on Sept 19, 2022, entered into with Kirkland Lake Gold, with respect to the Company's Carscallen Project, has been terminated. As a result, Melkior will retain 100% ownership of the Carscallen Project. Keith James Deluce, Director For more information, please contact: Melkior Resources Inc. E-mail: info@melkior.com Tel: 226-271-5170 [...]
Melkior Resources announces an update at its Genex Project. On Jan 31, 2024, the Company provided International Explorers & Prospectors Inc. with a formal notice of default outlining the terms of non-compliance by IEP under the option agreement dated April 19, 2022. The Agreement provides Melkior an option to acquire a 100% interest in the Genex Project. The Company contends that IEP has not met its obligations to [...]
Melkior Resources is pleased to announce that, subject to the final approval of the TSXV, the Company has closed its non-brokered private placement of $466,360 through the issuance of 2,914,750 flow-through units at $0.16 per FT Unit. Each Unit consists of one flow-through common share of the Company and one-half of a common share purchase warrant. Each whole Warrant entitles the holder thereof to acquire one additional [...]
Over 59-line kilometres were covered by the exploration team using a beepmat covering an area of approximately 2.6 square kilometres. A total of 121 outcrop and erratic boulder samples were collected for assaying. Two new chalcopyrite conductive horizons were discovered located respectively at 125 metres south and over 300 metres north of historical mine site Resonant discovery returned 6.55 % copper, November 7, 2023 [...]
Melkior Resources is pleased to announce the results from its Phase 1 Summer Prospecting Program at Genex, focused on testing surface extensions of the historical Genex deposit, currently under option from International Explorers and Prospectors. The Company embarked on an aggressive multifaceted exploration program over the course of the summer to uncover the surface footprint of the Genex polymetallic deposit. The [...]
Melkior Resources is pleased to announce the results from its Phase 1 Summer Prospecting Program at Genex, focused on testing surface extensions of the historical Genex deposit, currently under option from International Explorers and Prospectors. The Company embarked on an aggressive multifaceted exploration program over the course of the summer to uncover the surface footprint of the Genex polymetallic deposit. The [...]
Melkior Resources is pleased to provide an update on its exploration plans for the Summer and Fall across its portfolio of Projects. The Company is focused on exploration at its Genex Project in Timmins and Beschefer East in the Detour Camp , while the Carscallen Project is being operated by Agnico Eagle under the option and joint venture agreement announced on September 28, 2020. Jonathon Deluce, CEO of Melkior, remarks [...]