Mr. Jonathon Deluce reports
MELKIOR ANNOUNCES CARSCALLEN GEOLOGICAL MODEL SPANNING 800 METERS OF POTENTIAL STRIKE LENGTH
Melkior Resources Inc. has completed its first phase of Leapfrog drill database processing which has further highlighted the potential of the high-grade gold systems Melkior is uncovering at its Carscallen project. Figure 1, available on-line, is a plan view highlighting the Zam Zam and Shenkman gold zones.
Figure 1 highlights
- 800-metre potential northwest-southeast-striking gold system open in each direction;
- The Zam Zam and Shenkman zones possess strikingly similar vein geometries and grade concentrations and may be part of a larger gold system that encompasses a strike length of 800 metres;
-
Between the Zam Zam and Shenkman zones lies approximately 375 metres, which have been relatively untested to date.
Figure 2, available on-line, is the Carscallen composite longitudinal looking northeast with historical and recent drill intercepts.
Figure 2 highlights
-
There is a strong continuity of mineralized zones both in thickness and in grades that occur throughout the Zam Zam and the Shenkman zone.
-
Drill hole CAR-20-06, collared 220 metres south of the Shenkman zone to test a geophysical conductor, intersected 5.6 grams per tonne gold and 6.4 g/t silver over 9.5 metres, including 0.5 metre of 67.9 g/t gold, 79.8 g/t silver, 0.62 per cent copper and 0.27 per cent zinc (May 21, 2020, press release) within rock types believed to be consistent with a possible volcanogenic massive sulphide (VMS) environment. Stated lengths are core lengths as drilled. True widths are estimated to be 80 per cent of reported core length intervals.
-
This drill hole effectively expanded the strike extent of the Zam Zam/Shenkman gold zones by 125 metres.
Figure 3, available on-line, is Section 16A with 80-metre window looking 330 degrees northwest.
Figure 3 highlights
-
Mineralization occurs both within the granodiorite and mafic volcanics underlying the granodiorite and is believed to be epigenetic (ore minerals formed after the host rock).
-
These mineralized zones seem wider where hosted in the volcanics, and mineralization is strongly continuous with gold occurrences often limited to pyrite-rich vein systems.
Jonathon Deluce, chief executive officer of Melkior, remarks: "During this field program pause, we have reviewed all of our data to build an updated Carscallen geological model. We believe this model outlines the potential of the high-grade gold system we are uncovering that currently has 800 metres of potential strike and is open in all directions. We believe this modelling will help us propose our next drill program to have even stronger drill targets to infill, extend the strike and demonstrate that the two gold zones are connected. We appreciate everyone's patience and look forward to providing an update shortly on the next steps for Carscallen."
The fall and winter 2019/2020 programs were carried out under the supervision of Peter Caldbick, PGeo, and a consultant for Melkior Resources, the qualified person responsible for this news release. The drill core was split with half sent to Actlabs in Timmins, Ont., and fire assayed with an AA and gravimetric finish. Whole metallic assays are performed on samples greater than 10 g/t gold and samples containing visible gold. In addition, all three drill holes were treated with the 1E3 36-element multielement package with aqua regia analyses. Duplicates, standards and blanks were inserted into the sample stream.
HIGH-GRADE INTERCEPT LIST
ID Hole ID From To Width Au g/t
1 CAR-19-03A 433.00 433.50 0.50 372.00
2 TW-08-10-13 108.50 108.80 0.30 291.00
3 CAR-20-05 360.50 361.20 0.70 205.00
4 CAR-80-2012 534.70 535.70 1.00 185.50
5 TW-08-SH-1 53.65 53.95 0.30 184.00
6 CAR-94-2013 126.95 127.55 0.60 140.50
7 WKD-07-6B 63.73 64.03 0.30 127.00
8 CAR-45-2010 183.20 183.75 0.55 107.50
9 CAR-71-2011 254.00 254.50 0.50 97.30
10 CAR-57-2010 188.90 189.40 0.50 89.50
11 CAR-88-2013 88.75 89.30 0.55 80.50
12 CAR-61-2010 280.80 281.50 0.70 80.00
13 ZZ-16-01 11.65 12.18 0.53 73.10
14 WKD-07-17B 33.35 33.65 0.30 70.12
15 CAR-20-06 495.00 495.50 0.50 67.90
16 TW-08-10-4 18.45 18.65 0.20 57.90
17 WKD-07-9B 40.80 41.00 0.20 56.47
18 CAR-16-2009 79.90 80.80 0.90 56.00
19 CAR-19-2009 92.00 92.70 0.70 48.00
20 CAR-59-2010 261.75 262.40 0.65 44.10
21 ZZ-16-03 7.00 7.42 0.42 41.70
22 CAR-86-2013 91.35 92.00 0.65 40.40
23 CAR-42-2010 563.15 563.65 0.50 39.80
24 CAR-69-2011 470.00 470.50 0.50 39.40
25 CAR-79-2012 479.15 479.75 0.60 39.20
26 TW-08-10-13 108.00 108.50 0.50 35.60
27 WKD-07-14 18.64 18.88 0.24 32.39
28 CAR-43-2010 150.80 151.30 0.50 31.90
29 CAR-94-2013 61.30 61.80 0.50 31.00
30 CAR-71-2011 266.70 267.25 0.55 30.00
31 ZZ-16-06 10.47 10.85 0.38 29.20
32 CAR-69-2011 509.35 510.10 0.75 28.60
33 CAR-16-101 435.75 436.29 0.54 28.60
34 CAR-58-2010 261.25 261.75 0.50 26.20
35 CAR-46-2010 98.85 99.80 0.95 26.10
36 CAR-91-2013 100.10 100.60 0.50 25.70
37 CAR-18-2009 208.75 209.35 0.60 25.30
Qualified person
All technical information in this press release has been reviewed and approved by Peter Caldbick, PGeo. Mr. Caldbick is a consultant for Melkior and a qualified person for the purposes of National Instrument 43-101.
© 2024 Canjex Publishing Ltd. All rights reserved.