Melkior Resources Inc. is pleased to announce that its $1 Million financing with Kirkland Lake Gold of 1,250,000 units at $0.80 per unit, previously announced on May 20, 2020 is proceeding. The company expects it to close within the next 30 days. Jonathon Deluce, CEO of Melkior, comments: "We continue to have positive discussions with Kirkland Lake as we work to finalize the potential Option and JV agreement. We [...]
Melkior Resources Inc. is pleased to announce that it has completed a till sampling survey on its Maseres Property. The Company will provide results once received. The survey consisted of a follow up on soil anomalies that were previously defined by the Company in 2019 . Following a review performed in early 2020, the Company observed multiple soil anomalies showing a glacial drift pattern, indicating a potential source [...]
Melkior Resources Inc. is pleased to announce that it has commenced it's summer program at the Val-d'Or Property . Phase 1 will consist of a soil sampling survey that will cover its entirety and will start during July 2020. The objective of the survey is to obtain local and regional targets from soil samples in till deposits at surface. The results will provide the presence and location of possible mineralization at [...]
Melkior Resources Inc. is pleased to announce that it has completed its first phase of Leapfrog Drill database processing which has further highlighted the potential of the high-grade gold systems Melkior is uncovering at it's Carscallen project. Below is a plan view highlighting the Zam Zam and Shenkman Gold Zones: Figure 1 Melkior Carscallen Drill Plan with Recent and Historical Drilling showing high-grade intercepts [...]
Melkior Resources Inc. is pleased to announce that it's Val-d'Or Property has been switched from a status of being a non-key asset to its list of key assets. This Property was previously named the "Vauquelin" and "Tiblemont" properties by prior management. This change in Property sentiment is triggered by the development and interest seen in the vicinity of the Property, which is expected to increase its potential for [...]
Melkior Resources Inc. believes it has discovered a new VMS hosted environment in Carscallen Township approximately 25 kilometers west of Timmins, Ontario in its recent drill program. The discovery occurred approximately 264 meters south of the current deep drilling program initiated in early March of 2020. The third drill hole, CAR-20-06 tested a mise-a-la-masse conductor and encountered strong chalcopyrite , sphalerite [...]
Melkior Resources Inc. is pleased to announce a strategic partnership with Kirkland Lake Gold pursuant to which Melkior will raise $1,000,000 by way of a non-brokered private placement to Kirkland of up to 1,250,000 units at a price of $0.80 per unit. Each unit will be comprised of one common share of Melkior and one common share purchase warrant entitling Kirkland to acquire a Melkior share for $1.20 per share for a [...]
Melkior Resources Inc. is pleased to announce the option of 6 cell units approximately 3.2 km southwest of the recent drill program in Carscallen Township. The Carscallen project shares over 9 kilometers of border with Pan American Silver. Between December of 2010 and January 2011, Zinccorp completed a nine-hole diamond drill program totaling 1,685 meters on these newly acquired cell claims. The program was undertaken to [...]
Melkior Resources Inc. is pleased to announce results from the first two drill holes on the Carscallen Gold project located approximately 25 kilometers west of Timmins Ontario. Both holes were drilled to depths of 600 meters with the first drill hole drilled between CAR-61-2010 which intersected 4.85 g/t Au over 13.3 meters from 272.0 to 285.30 meters and CAR-19-03A which intersected 23.5 g/t Au over 8.0 meters from 426.0 [...]
Melkior Resources Inc. is pleased to announce that we are awaiting the drill results of our 1,950-meter drill program at the Carscallen Project in Timmins. Our third drill hole testing the Mise-a-la-Masse target was extended from a planned 600 meters to 750 meters in total. This target can be seen below: Click Image To View Full Size The Company has engaged the services of Exsics Exploration Inc. to perform a downhole [...]
Melkior Resources Inc. is pleased to announce that Jonathon Deluce, who is currently a Melkior Director, will become its new Chief Executive Officer, replacing Keith James Deluce. Keith will continue to contribute to Melkior Resources in his position as a Director of the company. Melkior Resources wishes to thank Keith for his dedicated service to the company during his tenure as Chief Executive Officer. Mr. Jonathon [...]
Melkior Resources Inc. is pleased to announce that it has commenced its second phase 1800 meter drill program in Carscallen Township. Click Image To View Full Size The first drill hole will focus on following up on drill hole CAR-19-03A, which intersected 23.5 g/t Au over 8.0 meters from 426.0 to 434.0 meters. This intercept is interpreted to be approximately 150 meters downdip of an earlier intercept in CAR-61-2012 which [...]