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Melkior Resources Inc.

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Summary

Project:

Carscallen

Deposit:Carscallen
Location:Canada
Commodities:Copper-Zinc-Silver-Gold
Date:5/21/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:21-5-2020: Melkior Resources Inc. announces an Exploration/Drilling Update report for its Carscallen deposit at the Carscallen project. Drilling results incl. 9.5m @ 5.63g/t Au, 0.05% Cu, 0.026% Zn, 6.4g/t Ag from 486.5m. Timmins, Ontario. Melkior Resourc
Resources:x
CP/QP:[Overall Report]: Peter Caldbick (Not stated)
ABSTRACT:Timmins, Ontario. Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) believes it has discovered a new VMS (volcanogenic massive sulphide ) hosted environment in Carscallen Township approximately 25 kilometers west of Timmins, Ontario in its recent drill program. The discovery occurred approximately 264 meters south of the current deep drilling program initiated in early March of 2020. The third drill hole, CAR-20-06 tested a mise-a-la-masse (MALM) conductor and encountered strong chalcopyrite (copper), sphalerite (zinc) mineralization, described as clots and disseminations, as well as arsenopyrite, pyrite and pyrrhotite mineralization with visible gold hosted within lithologies such as a previously unknown massive rhyolite which typically hosts mineralization in VMS environments. Drill hole CAR-20-06 intersected 5.6 g/t Au and 6.4 g/t silver over 9.5 meters from 486.5 to 496.0 meters, including 23.9 g/t Au over 0.5 meters from 486.5 to 487.0 meters and 67.9 g/t Au with 79.8 g/t Ag over 0.5 meters from 495.0 to 495.50 meters. The final interval from 495.5 to 496.0 also returned 0.62% copper and 0.27% zinc

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