Melkior Resources Inc. (TSXV:MKR) has obtained high-grade results from its 6,283m of drilling at the Carscallen Gold Project located approximately 25km southwest of Timmins, Ontario.
Programme Highlights:
- The Carscallen Gold Project lies within the township of Carscallen, approximately 25km southwest of Timmins, Ontario and borders the Genex Project which Melkior has under option from International Explorers & Prospectors Inc. It is comprised of 344 claim units covering 60sq. km with 100% ownership by Melkior.
- The Phase 3 drill programme consisted of 6,283m.
- The Phase 3 drill programme was designed to follow up on 2021-Q4’s programme and was planned with holes targeting the deep Shenkman Zone and North Zam Zam Extension. Additional holes were drilled in the Mystery and 1010 Zones.
- CAR-22-25 was drilled in the southern portion of the Shenkman and targeted a higher-grade northwest trending corridor of gold mineralization. Significant assays from this drill hole include 4.42g/t Au over 0.5m and 6.75g/t Au over 1.5m from 329.2m to 330.7m, including 18.30g/t Au over 0.5m. In addition, a strong zone of mineralization between 515m and 525m was intersected with sulphide-enriched quartz-carbonate veins. Assays from this zone include 8.49g/t Au over 0.5m, 8.10g/t Au over 0.5m and 8.49g/t Au over 0.5m.
- CAR-22-28 was collared approximately 100m south-west of CAR-22-25, Following up on the encouraging results. Significant intersects include 4.93g/t Au over 0.5m, 14.5g/t Au over 0.5 m, 4.15g/t Au over 0.5 m, and 4.49g/t Au over 1 meter including 7.92g/t Au over 0.5 m.
- CAR-22-31, collared approximately 100m southwest of drill hole CAR-22-28 on the southern portion of the Shenkman Zone, intersected 16.8g/t Au over 1.5m from 395m to 396.5m, including 49.6g/t Au over 0.5 m.
- CAR-22-27 was drilled approximately 450m north of the Zam Zam Zone and intercepted 8.29g/t Au over 0.5m within a 30cm quartz vein hosting elevated pyrrhotite, pyrite and minor chalcopyrite. The new intercept is also 100m north and along the projected strike from a similar 30cm quartz vein seen in CAR-21-19 that assayed 5.85g/t Au over 1.5m. This has significant implications for exploration north of the Zam Zam Zone as these intercepts are situated where no significant drilling has been completed to the north and at depth.
- CAR-22-29 was collared to target an elevated IP chargeability response on the 1010 North Zone. This drill hole encountered two significant sulphide veins at 100.2m which returned 2.29g/t Au over 0.7m, and at 194.5m which returned 8.19g/t Au over 1.5m, including 19.5g/t Au over 0.6m. Both veins occurred within carbonatized granodiorites and are described as significant clusters of coarse subhedral pyrite. This is one of the deepest gold intercepts in the 1010 North zone and suggests continuity downdip of gold-bearing structures at depth.
“We are excited about these developments from the Phase 3 drill programme at the Carscallen Gold Project. We continue to demonstrate the expansion potential of the high-grade gold-bearing zones within an approximately 2.5km by 1.2 km NNW-SSE corridor,” CEO, Jonathon Deluce, said.
For further information please visit: https://www.melkior.com/
