Melkior Resources Inc V.MKR

Alternate Symbol(s): MKRIF

Metals & Mining Industrial Metals & Minerals

Melkior Resources Inc. is an exploration stage resource company. The Company’s operations include the acquisition and exploration of mineral properties in Canada. Its projects include Carscallen, White Lake, Maseres Genex, Val d'Or, Launay and Urban. It holds 100% interest in the Carscallen property, west of Timmins, Ontario. The Carscallen Project is located approximately 25 kilometers west of the city of Timmins, Ontario. Its White Lake Project is comprised of over 328 contiguous claim units (12,966 acres), located 15 kilometers northeast of the Hemlo Gold Mine operated by Barrick Gold Corporation. The White Lake Property is situated in the north-eastern portion of the Hemlo Greenstone belt. Its Genex Project is located 20 kilometers west of Timmins, which includes 70 claims, six patents and one partial lease totaling 1,616 hectares. The Val-d’Or Property is located over 35 kilometers east of Val d’Or and is comprised of 120 claims covering approximately 6,333.04 hectares.

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Melkior Resources Inc

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Comment by TedOwenson Jul 17, 2012 5:33pm

238 Views

Post# 20123378

RE: 530 Samples pending

Yes, the market reaction was definately flat but this should not be a great surprise when taking into account the less than spectacular core descriptions. If the two deeper holes came back with anything less than what CAR-80-12 returned, it will warrant a return to the drawing board for project model interpretation neccesity and as such, a possible revamp of the technical team may be in order.

The best bet right now would be the sections with the semi-massiave sulphide descriptions returning similiar gold content as in hole 80. If this is the case there is hope and if not, the model is in jeopardy and would warrant a fresh approach.

Tedsky,

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