Melkior Resources Inc.: More Land Acquired and More Exploration at Timmins
Tuesday January 6, 11:23 am ET
biz.yahoo.com
OTTAWA, ONTARIO--(Marketwire - Jan. 6, 2009) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR - News) is pleased to announce the letting of a contract for a 530km airborne VTEM magnetometer- electromagnetic survey over its 100% owned Eldorado Nickel property. The 219 claim units 3504 hectares property is located 25km south of Timmins in Eldorado, Langmuir and Shaw Townships. It adjoins the Liberty Mines Inc property where the Redstone nickel mine was recently shut down and is approximately 8km from the Golden Chalice Resources Inc nickel discovery in Langmuir Township.
Melkior has purchased a 100% interest in 63 claim units or 1008 hectares in Carscallen Township 25 km west of Timmins. Melkior paid $5,000 and the vendors retain a 2% Net Smelter Return Royalty, of which half (1%) can be repurchased by Melkior for $1,000,000. The property adjoins a group of 28 claim units already 100% owned by Melkior. Line cutting and ground geophysical survey programs are underway. The existing Melkior property which is referred to as the Big Marsh property and the newly acquired claims cover geology favourable area for the discovery of Kidd Creek Type silver-zinc-lead deposits. The adjoining ground is been actively explored for base metals by others. Big Marsh is 2km north of Melkior's Timmins West gold claims.
The drill program at Troilus Quebec was shut down for Christmas break. Four holes have been completed for approximately 610m drilled. The program will re-start mid January with three targets remaining to be drilled. The first batch of core has been sent to ALS for assay.
This news release has been prepared by Jens E. Hansen, P. Eng, a Qualified Person under NI 43-101, Director and President of Melkior.
The TSX Venture Exchange (TSX VENTURE) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.
Contact:
Jens E. Hansen, P. Eng., President
Melkior Resources Inc.
613-721-2919
613-680-1091 (FAX)
melkior@rogers.com
www.melkior.com
Source: Melkior Resources Inc. |
