A gold and base metal company with focus on the Timmins mining camp
Message: Drilling Extends Timmins Gold Bearing Structures
| January 14, 2009 |
| Melkior Resources: Drilling Extends Timmins Gold Bearing Structures |
| OTTAWA, ONTARIO--(Marketwire - Jan. 14, 2009) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR) is pleased to announce additional assay results for 16 diamond drilling on the 100% owned Timmins West Property in Carscallen Township, Timmins, Ontario. Assay results for 41 out of 48 diamond drill holes have now been received. The best intersections from this set of assays were from TW-08-10-35 which returned 5.63 g/t gold over 1.80 m and TW-08-10-36 which returned 7.18 g/t gold over 1.30 m. Melkior's previous news release contained the highest assay of the 2008 drill program where TW-08-10-13 contained intersections returning 60.27 g/t gold over 1.8 m; and 8.12 g/t gold over 2.45 m. Seven holes remain to be assayed. A total of 2846 m of NQ drilling was undertaken in 48 drill holes by Laframboise Diamond Drilling. The purpose of drill program was to extend the strike length of existing gold mineralized systems and to provide drill intercepts of the vein systems at regular shallow intervals along the strike extensions. These drill results will be used to focus future deeper drilling in areas of maximum potential economic interest, and provide better understanding of the gold bearing structures. The majority of the drilling was conducted in the 1010 Vein area. Thirty three holes were drilled along 425 m of established strike length of the 1010 vein. Nine holes were drilled into the ZamZam Zone and five into the Shenkman Area linking the ZamZam and Shenkman vein systems together. In conjunction with drilling new surface trenching has now extended the ZamZam Zone strike length to 525 m, it remains open in all directions. To the north trenching was terminated at a swamp. The combined gold structures now have a strike length of approximately one kilometre. Thirty three holes were drilled along the 425 m of established strike length of the 1010 Vein. Of these 17 holes were previously reported and 16 additional holes are reported here. The drilling was aimed at providing vertical intercepts at 10, 20 and 30 m below the surface expression of the vein in a series of sections spaced 25 m apart. Surface sampling during 2007 returned results up to 280 g/t gold (NR October 5, 2006). Drilling in 2007 returned assays of 19.8 g/t Au over 3.3 m in WKD-07-18 (NR January 9, 2008). Historical drilling conducted to approximately 100 m depths has reportedly returned assays of up to 336 g/t Au over 0.21 m between the two historic shafts on the 1010 Vein. The 16 holes reported here are all from the 1010 zone. The best intersections from this set of results were from the southernmost end of the 1010 vein where the mineralized structural corridor encounters a quartz porphyry dyke. Diamond drill holes TW-08-10-35 and TW-08-10-36, both drilled from the same set up at inclinations of 45 and 60 respectively reveal that where the quartz vein encounters the porphyry the contact zone is brecciated and contains 5.63 g/t gold over 1.8 m. The steeper hole (drilled at -60) encountered the mineralized system within the porphyry where assays of 7.18 g/t gold over 1.30 m were obtained from sericitic silicified porphyry with pyrite. Visible gold was observed in narrow quartz veins not associated with sulphides within TW-08-10-36 at 26.50 and 32.30 m depth. On this same section TW-08-10-40 encountered the 1010 vein 10 m below TW-08-10-36 where the high grade 1010 vein was encountered within the tonalite returning 19.95 g/t gold over 30 cm. It is of note that all holes for which assays have been received have intersected the vein carrying gold values suggesting a system of significant length and depth with the possibility of wider sections as the system is evaluated to depth. Samples from the NQ drill core were either split using a hydraulic core splitter or sawn in half with a diamond saw, one half was sent for assay and the other half retained for reference. Samples reported here were analysed by ALS Chemex Laboratories in Vancouver, British Columbia using the standard fire assay technique with a gravimetric finish. The field work and sampling was done by geologist Wade Kornik BSc. This news release was prepared by Jens E. Hansen, P. Eng, President Melkior Resources Inc., a Qualified Person under Article 43-101. About Melkior Melkior is exploring for minerals in Quebec and Ontario. Timmins is becoming a larger focus for the company where there is excellent infrastructure. Several gold producers are operating close to the Melkior Carscallen property. Melkior will also be actively exploring its East and West Rim Nickel Copper properties near Mc Faulds Lake during the coming months. Airborne surveys have defined specific targets of exploration merit. Drilling is underway at Troilus, Quebec and other properties are being explored. |
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