Melkior Resources Inc. has announced the start of its Winter Drill Campaign at the Beschefer East Project, located in Quebec. The company has completed several preparatory surveys, including MMI, tree bark sampling, and a high-resolution magnetic program, which identified potential copper-lead-zinc targets. The drill program aims to explore a previously untested area spanning 800 meters.
Melkior Resources Inc. (TSXV:MKR) (OTC:MKRIF) is pleased to announce the commencement of its Winter Drill Campaign at the Beschefer East Project , located approximately 4.5 km northeast of B-14, and 13 km on trend northeast of B26 and 17 km east of the Selbaie Mine. On June 14th, 2023, the Company entered into an option agreement on the Beschefer East Project to earn 100% over 3 years from SOQUEM Inc. The target area spans 800 metres in a region previously untested by drilling.
A line cutting and data acquisition survey was recently completed, east of the target area. The Company has received the preliminary data. The three 1.5 km IP lines completed will give insight into the possibility to expand the target zone. \ In preparation for the drill program the Company completed an MMI, tree bark sampling and a high-resolution magnetic program with the following highlights: Three (3) copper-lead-zinc targets were identified using the mobile metal ion sampling method. There has been limited historical drilling on the new targets identified, as the majority of historical drilling has been focused on the basalt and tuff geological units while the anomalies presented are located primarily in felsic rocks. The Company executed a quality high-resolution airborne magnetic survey which confirmed trends over these strategic targets. A total of 518 MMI samples were collected over two unique grids at Beschefer East, while 1,780 black spruce tree bark samples were collected using 100m X 100m spacing across the entire sampling grid. The helicopter-borne survey was carried out by Prospectair, based out of Gatineau, Québec and totaled 968 line kilometres. The magnetometer used for the survey consisted of a non oriented (strap-down) optically-pumped Cesium split-beam sensor (Geometrics G-822A). The survey area was covered by using a line spacing of 50 metres and N150 Azimut to optimize the clarity and detail of subtle structures. In addition, the Company completed two infill blocks covered with lines every 50 metres, but offset by 25 metres to the main blocks lines. This effectively provided a 25m line spacing within the infill blocks. \ The Company announces that, subject to regulatory approval, it has approved the grant of 1,200,000 incentive stock options to directors and an officer of the Company. The options are exercisable at an exercise price of $0.08 per share for a period of up to five years. All technical information in this press release has been reviewed and approved by Martin Ethier, PGeo (# 1520) consultant for Melkior, who is a member of the Order of Geologists of Quebec and a qualified person as defined under NI 43-101. \Melkior Resources Inc. is an exploration-stage resource company operating in world-class mining jurisdictions across Quebec and Ontario. The company is dedicated to advancing a portfolio of high-potential mineral properties with a primary focus on gold exploration. Melkior’s flagship projects include the Carscallen Project, the Beschefer East Project, the Genex Project and the Val-d’Or Project. These projects are strategically located in the Abitibi Greenstone Belt, known for hosting significant gold and base metal deposits.SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. Proud partner and ambassador for the development of Quebec’s mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well-positioned for the future. 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.
Melkior Resources Beschefer East Project Drill Campaign Copper Lead Zinc Exploration Quebec Mining Resources
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