The TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement dated May 6, 2020, between Melkior Resources Inc. and two arm's-length parties, whereby the company has been granted an option to acquire a 100-per-cent right, title and interest in certain minerals claims, the West Timmins property, located in Timmins, Ont.

To earn the full 100-per-cent interest in the property, the company is required to issue 75,000 common shares on closing, make aggregate cash payments of $30,000 and issue $50,000 worth of common shares over a two-year period.

The vendors will retain a 3.0-per-cent net smelter return royalty on the property, of which 50 per cent may be purchased by the company for $1-million.

For further details, please refer to the company's news release dated May 12, 2020.