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Apr. 18, 2011 (Filing Services Canada) -- Ressources Melkior Inc. (MKR - TSX Venture), is pleased to release assays from four new holes from the 2011 diamond drill program at its 100% owned Carscallen gold project. The project is located 25 kilometres west of downtown Timmins, Ontario off of paved Highway 101. Reported holes tested the northern extension of the ZamZam-Jowsey gold zones.
Based on previous drilling, where CAR-58-2010 and CAR-59-2010 intersected 2.64 g/t gold over 13.5 metres and 3.19 g/t gold over 12.4 metres (see Press Release December 20th, 2010), the intersection of the ZamZam and Jowsey zones was projected to occur at an approximate vertical depth of 150 metres in the area of the present drilling. Only hole CAR-65-2011 hit the point of intersection of the two major zones. The remaining three holes encountered mineralization above the anticipated point of intersection between the two zones, which occurs at greater depths.
Results include:
* 4.15 m @ 0.88 g/t Au in CAR-63-2011
* 0.50 m @ 10.15 g/t Au in CAR-63-2011
* 7.25 m @ 4.41 g/t Au in CAR-65-2011
* 8.60 m @ 2.19 g/t Au in CAR-66-2011
* 1.90 m @ 2.67 g/t Au in CAR-66-2011
Summary of drill intercepts from the ZamZam and Jowsey zones:
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Hole From To Core Gold Host Rock
(metres) (metres) Length (g/t)
(metres)
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CAR-63-2011 155.35 159.50 4.15 0.88 5% pyrite as veins
/stringers; hosted in
mafic volcanic rock
(Jowsey Zone)
CAR-63-2011 179.25 179.75 0.50 10.15 4-5% pyrite in a
quartz, carbonate and
chlorite vein
(ZamZam Zone)
CAR-64-2011 68.00 68.50 0.50 1.05 Pyrite and carbonate
veinlets hosted in
granite (Jowsey Zone)
CAR-64-2011 100.00 100.50 0.50 1.27 Pyrite stringers
hosted in an
aplite dyke
CAR-64-2011 167.75 168.75 1.00 0.69 5% pyrite hosted
within a series of
quartz veins
(ZamZam zone)
CAR-65-2011 41.60 42.40 0.80 1.98 Pyrite vein;
hosted in granite
CAR-65-2011 165.15 172.40 7.25 4.41 Hosted in mafic
volcanic rock
(ZamZam+Jowsey zones)
CAR-66-2011 147.00 155.60 8.60 2.19 Series of pyrite
veins/stringers;
hosted in granite
(Jowsey Zone)
Including 155.10 155.60 0.50 23.4
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Summary of results:
* Diamond drill hole CAR-63-2011 was drilled at an azimuth of 240o and a dip of -50o with a final depth of 206 m. The Jowsey Zone was intersected between 155.35 and 159.50 m and the ZamZam Zone between 179.25 and 179.75 m. Mineralization consists of pyrite veins/stringers along with quartz, carbonate and chlorite, all hosted in mafic volcanic rock.
* Diamond drill hole CAR-64-2011 was drilled at an azimuth of 240o and a dip of -50o with a final depth of 212 m. Three mineralized veins/stringers zone (including pyrite, quartz and carbonate) were encountered, all hosted in granite. Because these mineralized zones are thin, it is difficult to identify their corresponding zones (Jowsey and ZamZam). However, the veinlet intersected at 100 - 100.5 m was not encountered in previous holes and could only be a local feature.
* Diamond drill hole CAR-65-2011 was drilled at an azimuth of 240o and a dip of -70o with a final depth of 209 m. A narrow mineralized zone containing 0.8 m @ 1.98 g/t Au was hit near the surface. This intersection does not correspond with either of the known zones (i.e. Jowsey or ZamZam). A 7.25 m wide zone grades 4.41 g/t Au and consists of pyrite and quartz veins/stringers at a 1 or 2 metre interval. In that interval, there are clearly two distinct major vein systems (at 165.15 - 166.15 m and at 171 - 171.9 m). This entire mineralized zone corresponds to the point of intersection between the Jowsey Zone and the ZamZam Zone
* Diamond drill hole CAR-66-2011 was drilled at an azimuth of 240o and a dip of -50o with a final depth of 227 m. The Jowsey Zone occurs between 147 m and 155.6 m, grading 2.19 g/t Au. This intersection consists of quartz and pyrite veinlets. The ZamZam Zone was hit between 187.25 m and 189.15 m and consists of massive pyrite veinlets and quartz veins. Another zone occurs deeper hosted in hematized granite and consists of thick quartz and pyrite veins, which corresponds to the style of mineralization encountered in the ZamZam Zone.
Significance
The four holes that were drilled in the northern part of the ZamZam-Jowsey-Shenkman gold system encountered mineralization that demonstrates the continuity of the zone further north than previously delineated. These holes provide information about the positions of the Jowsey and ZamZam mineralized zones. The holes intersected the zones above their point of intersection, with the exception of CAR-65-2011. Further work will include holes designed to hit the two mineralization zones where they intersect at a greater depth. Two other holes have also been drilled during the winter program further south on the Shenkman Zone (results pending). These holes encountered strong sericite and ankerite alteration zones as well as new mineralized zones. Drilling continues at the Shenkman zone.
Core processing included descriptive logging and systematic sampling for analysis. The drill core was sawed in half, with one half delivered to a commercial laboratory and the other half retained for future reference, gold assays were performed at ALS CHEMEX Laboratories in Timmins, Ontario. The processed samples were submitted to a standard Fire Assay with AA technique (Au-AA-23) and Inductively Coupled Plasma Emission Spectroscopy (ME-ICP-41) on a 30 gram sub-sample. Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol.
This Press Release was prepared by Dr. Eric Hebert, P.Geo and Dr. Tom Setterfield, P.Geo, both of GeoVector Management Inc, and Qualified Persons under National Instrument 43-101.
About Melkior:
Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds "Ring of Fire" areas of Ontario. 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
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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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http://www.usetdas.com/pr/melkior04182011.htmSource: Ressources Melkior Inc. (TSXV MKR) www.melkior.com
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