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Melkior Resources Inc V.MKR

Alternate Symbol(s):  MKRIF

Melkior Resources Inc. is an exploration stage resource company. The Company’s operations include the acquisition and exploration of mineral properties in Canada. The Company’s projects include Carscallen, White Lake, Maseres Genex, Val d'Or, Launay and Genex. It holds a 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 consists of over 333 combined Single Cell Mining Claims and Boundary Cell Mining Claims with each Single Cell Mining Claim being approximately 20 hectares, 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. The Company owns a 100% interest in the three mineral claims in Tiblemont Township, Quebec.


TSXV:MKR - Post by User

Bullboard Posts
Comment by sharewealthon May 05, 2011 2:26pm
312 Views
Post# 18535852

RE: RE: RE: RE: RE: RE: RE: RE: Share price tankin

RE: RE: RE: RE: RE: RE: RE: RE: Share price tankinGiven the recent, consistent, drill results it is fair to call this a deposit. 43-101 will be required to determine whether the deposit, in its current size, is economic or not. The exploratory nature of the project is what gives it the tremendous upside as the model keeps expanding in size. The real cherry here is that it is a shallow deposit.
Recent intercepts are impressive and they're getting better as the model is further defined:
7.25 m @ 4.41 g/t Au 
8.60 m @ 2.19 g/t Au 
13.5 m @ 2.64 g/t Au
 12.4 m @ 3.19 g/t Au
 14.3 m @ 0.79 g/t Au
 13.3 m @ 4.84 g/t Au 
The stock is depressed but has real potential as the drilling campaign continues. At .19 this is a bargain for a company that is flying under the radar. Do your dd, this is a good buy now before the story heats up.
sw
Bullboard Posts