Melkior Continues to Intersect Gold Mineralization at Carscallen Gold Project, Timmins, Ontario
OTTAWA, ONTARIO--(Marketwire - Sept. 21, 2009) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR) provides an update on the ongoing exploration activities on its 100% owned Carscallen Gold Project in West Timmins, Ontario. Results received from the 2152 metre July 2009 drill program continue to extend the mineralization both north and south. One deeper hole drilled CAR-18-2009 intersected two gold systems at a depth of almost 200 metres.
The Carscallen Gold Project consists of 102 unpatented mining claim units located in Carscallen and Denton townships in the Timmins-Porcupine mining camp for a total of 16.03 square kilometres. The property is adjacent to West Timmins Mining Inc. (WTM) and 5 kilometres west of the Lake Shore Gold Corporation (LSG) Timmins Mine. LSG and WTM joint venture property, Thunder Creek, is approximately 6 kilometres east of the Carscallen Gold project. On June 24th, 2009, LSG and WTM press release revealed that they had intersected 12.75 grams per tonne over 83.40 metres on the Thunder Creek property.
Highlights:
- Hole No. CAR-16-2009 intersected 56.0g/t over 0.9 metres and extends mineralization 180 metres south of previous drilling. Three distinct mineralized intersections were encountered at depths of less than 100 metres.
- Hole No. CAR-18-2009 intersected 25.3g/t over 0.6 metres and 15.65g/t over 0.6 metres. These are the first intersections encountered in the volcanics under the granite indicating that the volcanics can be mineralized.
- Hole No. CAR-19-2009 intersected 48g/t over 0.7 metres at a depth of 92 metres.
- Hole No. CAR-20-2009 intersected 3.16g/t over 3.70 metres including 10.15g/t over 1.0 metres.
- Hole No. CAR-1-2009 intersected 13.0g/t over 0.7 metres and intersected gold on a newly defined East-West structure.
- Hole No. CAR-17-2009 intersected 9.42g/t over 0.85 metres at a vertical depth of approximately 120 metres. It should be noted that silver values of up to 6.5g/t were associated with the gold intersections.
Hopefully WTM will continue high grade strikes and push up PRB!
Cheers.
B.
