OTTAWA, ONTARIO--(Marketwired - May 12, 2014) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR)(PINKSHEETS:MKRIF)(FRANKFURT:MEK) is pleased to announce the acquisition of a 100% interest in 3 mineral claims in Tiblemont Township located 43 km east of Val d'Or, Quebec. The claims overlie a regional, wide, north-east trending, gold-bearing shear Zone and have numerous quartz and gold rich boulders on surface.
Melkior owns a 100% interest in 30 adjacent claims covering 480 hectares which have a work surplus of $262,235.07 from previous work.
Melkior also owns 35 claims covering 560 hectares in Vauquelin Township. These claims are located 25 kilometres southeast of the Tiblemont block. The Vauquelin claims are due west of historical small gold deposits named Bruell and Aurora.
The three new Tiblemont claims are being purchased for 200,000 common shares of Melkior and a 2% Net Smelter Return Royalty (NSR) to the vendor with an optional buy back of 1% for $1,000,000. The vendor also retains the right to exploit at his cost surface gold (above bedrock) in overburden and residual rock from historical mining. In this material Melkior retains a 2% NSR. The transaction is subject to regulatory approval.
For the location of the new claims in relation to Melkior's current properties, please refer to the map on Melkior's website.
About Melkior:
Melkior is an exploration company with active 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.
To view the map associated with this press release, please visit the following link:
