(TheNewswire)
Timmins, Ontario / TheNewswire / April 10, 2018 - Melkior Resources Inc. (“
Melkior ”) is pleased to present the following discussion on exploration plans for the White Lake
Project (Hemlo). The White Lake Project is comprised of 373 contiguous claim units (13,74
5 acres). The White Lake Project is located approximately 15 km northeast of the Hemlo Gold Mine currently operated by
Barrick Gold Corporation.
The Melkior 2017 soil sampling program focused on a central area of the White Lake Project and succeeded in
validating previously reported soil sampling results. The initial review of historical data was intriguing but complex and
fractionated. In evaluating the next steps to advance the White Lake Project, all historical information was reviewed again in more
detail. The review evaluated all of the known previous work (AFRI files) available from the MNDM and georeferencing the historical
digital maps into a GIS database. The AFRI files and maps were individually evaluated and polygons created over the perceived most
important areas defined by the individual work program. All AFRI files available were processed and used to produce a “Target Map -
Detail Area”.
Two download links are provided in support of this news release:
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1) Target Map – Detail Area ( http://www.melkior.com/rch-content/uploads/2018_04_10-MKR-HEMLO-NR-Support-Doc-1.pdf
)
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2) White Lake Project - Exploration 2018 ( http://www.melkior.com/white-lake-project-hemlo-exploration/ )
Interested parties are encouraged to review the above noted supporting documents for a better understanding of
the selected priority areas for exploration. Melkior will undertake a geological field program and plans to undertake a GEOTECH
helicopter borne EM, magnetometer survey over the entire White Lake Hemlo Project in 2018. Melkior’s goal is to advance the White
Lake Project to the drill stage. The Kakeeway claim has an existing MNDM Exploration Permit in good standing that permits
drilling.
Five priority exploration areas were defined and are presented in the following table:
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Area 1
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-located within a geological sequence reported as similar to that hosting the Teck-Corona
deposit.
-locally areas of strong co-incident: VLF anomalies; IP chargeability zones; gold in soil anomalies up to
616 ppb Au; margins located along competency contrast associated with volcanic, sedimentary stratigraphy; Germanium in soil
anomaly; Mercury in soil anomaly; Zinc in soil anomaly; Antimony in soil anomaly, Molybdenum in soil anomaly. Transected by
inferred fault system also with associated germanium in soil anomaly; 700m trend of multiple airborne EM
anomalies.
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Area 2
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-a three-kilometer-long volcanic and sedimentary package that is interpreted to be transected by a fault
system with elevated germanium that disrupts the continuity of two one-kilometer long trends of multiple airborne EM
anomalies.
- HLEM and VLF anomalies situated between high and low magnetic units locally interpreted to be a
sedimentary-volcanic contacts with co-incident gold in soil anomalies, including one area that has a weighted average of
30ppb Au over 275m. Outcrop of sedimentary rock “arkose” reported in area of transition from magnetic low to magnetic high
with associated coincident gold in soil anomalies and HLEM conductors.
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Area 3
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Inferred stratigraphic contact associated with transition from high to low magnetics that is transected
by inferred fault system with associated Germanium in soil anomaly; Mercury in soil anomaly; Zinc in soil anomaly; Antimony
in soil anomaly, Molybdenum in soil anomaly. Reproduced strongly elevated Gold in soil anomalies, up to 707 ppb.
|
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Area 4
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Section of inferred fault system between Area 3 and Area 4 with associated Germanium in soil anomaly;
Mercury in soil anomaly; Zinc in soil anomaly; Antimony in soil anomaly, Molybdenum in soil anomaly, gold in soil
anomaly.
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Area 5
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Section of inferred fault system immediately west of Area 1 with associated Germanium in soil anomaly;
Mercury in soil anomaly; Zinc in soil anomaly; Antimony in soil anomaly, Molybdenum in soil anomaly, gold in soil
anomaly.
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Jim Deluce, CEO of Melkior remarks, “We have confidence that our White Lake Project has the hallmarks of Hemlo
type deposits, with the added twist of a crosscutting potentially mineralized fault. The field work this summer will try to
determine if there is any gold mineralization associated with this fault. Our primary focus will be to define Hemlo type targets, a
VTEM survey is planned for 2018, this should help to bring everything into focus.”
Wade Kornik, P.Geo., has approved the information contained in this release. Mr. Kornik is the
Exploration Manager of the Company and is Qualified Person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD
Keith James Deluce, CEO
For more information, please contact:
Melkior Resources Inc.
E-mail: info@melkior.com
Tel: 705-267-4000
The reader is invited to visit Melkior's web site www.melkior.com.
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