Welcome To The Inspiration Mining HUB On AGORACOM
The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.
Message: News from the Shaw Dome neighborhood (Melkior)
Hell If I can't get an update from ISM I will gladly read a neighbor's update on what they are up to.
Here's a map I keep for your reference:
http://pr-usa.net/index.php?option=c...
| Melkior: Exploration Results and 2009 Plans |
| Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR) is pleased to summarize its exploration results and plans for 2009. Mc Faulds East Rim property Melkior owns the 21,680 hectare East Rim Property in the "Ring of Fire" discovery area of North Central Ontario which cover a large, significant regional gravity feature. The property is possibly underlain by large volumes of dense mafic or ultramafic rocks of the type that can host significant nickel copper massive sulphide occurrences as demonstrated by the work of Noront Resources Ltd. To identify massive sulphides on the property, Melkior undertook a 1738 line kilometre MEGATEM airborne survey. The survey and its interpretation were carried out by Fugro Airborne Surveys. Ten conductors were identified as first priority massive sulphide bedrock prospects and 8 as second priority. In addition, one first priority target occurs on ground owned 50-50 by Melkior and MacDonald Mines Exploration Ltd. An exposure of highly altered dioritic to gabbroic intrusive rocks measuring approximately 300 by 600 metres was identified by Melkior's consulting geologist in the south eastern portion of the East Rim claims. This confirms Melkior's interpretation that highly prospective mafic rocks are present. Following the MEGATEM survey, Melkior contracted a detailed followup VTEM helicopter survey of 650 line kilometres over the majority of the bedrock targets to precisely locate the drill targets. Timmins West Carscallen Gold: The exploration results to date have identified fault structures containing gold over a length of approximately 1 kilometre. The length of the gold zone is considered very significant. Surface work and drilling have confirmed the continuity of the veins. Drilling has intersected significant gold including 60.27 g/t over 1.8 metres and 19.8 g/t over 3.3 metres (NR Jan 14, 2009). The next exploration phase will focus on exploring at depth, on strike and searching for cross structures that could indicate greater widths. A line cutting and geophysical program is underway to cross extensions in areas covered by overburden and to map structures. An Induced Polarization survey is planned which will be followed by drilling. The Melkior property is located 5km west of the Lake Shore Gold Corp Bristol mine and adjoins the property of West Timmins Mining Inc. A map showing the location of the properties in the Timmins area is available at the following address: http://media3.marketwire.com/docs/Me... . Troilus Joint Venture: A drilling campaign of 6 holes and 933 metres has been completed. Disseminated and massive sulphides were intersected in three holes. Assays are pending, however, a visual examination of the core did not identify significant base metal mineralization. After MEGATEM anomalies will be followed up by prospecting. Eldorado Nickel: A 530 line kilometre VTEM airborne electromagnetic and magnetic survey has been completed on the Eldorado property which is located 20 kilometres southeast of Timmins. The property adjoins Liberty Mines Inc and is located 10 kilometres northwest of the Golden Chalice Resources Inc Langmuir Nickel discovery. Several massive sulphide type conductors potentially caused by base metal sulphides have been identified by the airborne survey. These represent high priority targets for follow up by geophysics and drilling. The groundwork is scheduled to be undertaken this winter to be followed by drilling. Big Marsh Base Metals: The Big Marsh property is located in Carscallen Township two kilometres north of the Melkior Carscallen gold property. A program of line cutting and geophysics is underway. These claims adjoin a property being actively explored for base metals by San Gold Corp. Loveland Gold and Base Metals: An airborne VTEM survey flown by Amador Gold Corp has recently covered Amador's claims and the adjoining Melkior claims. Amador has agreed to sell Melkior the data. The geological unit which hosts Amador's gold, Cominco and Hollinger zones appears to extend onto Melkior's Loveland property. Geraldton Gold: An airborne survey was flown in early 2008 and a program of prospecting over selected anomalies has been undertaken. Anomalous gold values, worthy of follow up were identified. Further surface work is planned for the summer 2009. Delta Kenty: Melkior has engaged a consultant to re-evaluate the previous work to re-evaluate the previous work including geophysics and drilling. Xstrata Nickel is the 51% partner. Launay Gold: A limited drill program yielded anomalous gold. Work is not presently scheduled for the coming season. Previous work on the Launay property suggests the potential for a high tonnage low grade gold deposit. Plan 2009: Exploration will be concentrated on the Timmins area properties for cost effective exploration. Mc Faulds remains a high priority situation where a partnership with others could be considered. Funds: Melkior has approximately $3,000,000 available to undertake the company's plans. This is considered adequate for at least two years. This news release has been prepared by Jens E. Hansen, P. Eng, a Qualified Person under NI 43-101, Director and President of Melkior. This news release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Melkior's periodic reports including the annual report or in the filings made by Melkior from time to time with securities regulations. Melkior undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
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