Ottawa, Ontario CANADA, February 07, 2012 /FSC/ - Melkior Resources Inc. ("Melkior") (MKR - TSX Venture), is pleased to announce the start of its 2012 diamond drill program on its 100% owned Carscallen gold project, located 5 kilometres west of the Timmins Gold Deposit and the recent Thunder Creek gold discovery.
The first stage of drilling involves two holes on the Shenkman zone, each approximately 600 metres long., designed to test targets below the 500 metre level below surface. Previous holes drilled on the Shenkman zone in 2010 and 2011 intersected the best results to date on the Carscallen property, these included 13.25 metres @ 5.10 g/t Au (CAR-71-2011); 13.30 metres @ 4.84 g/t Au (CAR-61-2010); 12.00 metres @ 1.86 g/t Au (CAR-51-2010) and 5.80 metres @ 2.87 g/t Au (CAR-47-2010). All of the above intersections are hosted in granite. As demonstrated by holes drilled on the ZamZam zone (located ~ 500 metres north of the Shenkman zone), mineralization is also encountered underneath the granite and is hosted in mafic volcanic rocks. Analyses of data from the previous drill campaigns suggest that intersections hosted in mafic volcanics are wider than those hosted within the granite. It is interpreted that mineralization intersected by holes CAR-47-2010, CAR-51-2010, CAR-61-2010 and CAR-71-2011 continues at depth and may be hosted within the mafic volcanic units. The two planned holes will test these mafic volcanic-hosted targets. A second stage of drilling will be designed based on the results of the first two holes. An increase in gold grades and widths of mineralized zones at depth is typical of gold deposits in the West Timmins mining camp.
This Press Release was prepared by Dr. Eric Hebert, P.Geo of GeoVector Management Inc, and Qualified Person under National Instrument 43-101.
About Melkior:
Melkior is a junior exploration company with active exploration projects in the West Timmins gold area (the McFaulds "Ring of Fire" area of Ontario and the Launay Gold project in Quebec. Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.
For more information:
Melkior Resources Inc.
Tel: 613.721.2919
Fax: 613.680.1091
E-mail: melkior@rogers.com
Web: www.melkior.com
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.
This press 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 regulatory authorities.
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Source: Ressources Melkior Inc. (TSXV MKR) www.melkior.com
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