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melkior resources inc (MEK) Details

Melkior Resources Inc., a junior mining exploration company, is engaged in the acquisition and exploration of mining properties in Canada. The company primarily explores for gold, nickel, copper, platinum group metals, chromite, and diamonds. It principal properly consists of the Carscallen Gold Project that comprises 104 claims covering 16.64 square kilometers and is located to the west of Timmins city, Ontario. Melkior Resources Inc. is headquartered in Ottawa, Canada.

melkior resources inc (MEK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$47.6K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$19.2K
Compensation as of Fiscal Year 2013.

melkior resources inc (MEK) Key Developments

Melkior Resources Inc. Announces Results for a Channel Sampling Program Undertaken in June 2014

Melkior Resources Inc. announced results for a channel sampling program undertaken in June 2014 and the remaining three holes drilled in January 2014 on Zone 75. The drilling revealed continuous mineralization hosted in a granite with a strong albite alteration; previously reported intersections include 4.04 g/t gold over 15.52 metres (hole LAY-21-2013) and 6.20 g/t gold over 10.50 metres (LAY-20-2013). Highlights include: 2.64 g/t gold over 11.60 metres (CHL-09-2014), channel sample; 5.58 g/t gold over 3.00 metres (CHL-15-2014), channel sample; 1.89 g/t gold over 14.10 metres (LAY-27-2014), drill hole; and 0.86 g/t gold over 9.35 metres (LAY-26-2014), drill hole. The channels consist of gold bearing disseminated pyrite (about 2%) hosted in a strongly albitized granite. Most of the holes previously drilled on Zone 75 have intersected the albite-rich gold zone below the 50 metre level. The new surface gold intersections provide new data to add to the current database and confirmed the continuity of the mineralized zone up to the surface. The results also have shown that the mineralized zone is near vertical and affected by local faults. This information will be very important in planning the next drilling program on the property. The results of three exploration holes drilled in January 2014 west of Zone 75, totaling 700 metres are also reported. The drilling discovered a new gold zone and also demonstrated the continuity of gold on the west part of Zone 75. Hole LAY-26-2014 was drilled 150 metres west of Zone 75 on an Induced Polarization (IP) anomaly. The IP anomaly was detected over two surveyed lines and explained in hole LAY-26-2014 by the presence disseminated pyrite (about 2%) with gold associated (0.86 g/t gold over 9.35 metres). This opens new possibilities of finding additional gold mineralization using IP as a geophysical tool elsewhere on the 3 km long property. The new zone requires follow-up. The 2 last holes (LAY-27-2014 and LAY-28-2014) were drilled to test possible western extensions of Zone 75. The holes were collared about 50 metres west of Zone 75.

Melkior Resources Inc. Starts Summer Exploration Program on the Launay Gold Project

Beaufield Resources Inc. announced that Melkior Resources Inc. has started its summer exploration program on the Launay gold project located 35 km west of Amos, Quebec. The exploration program will principally focus on Zone 75 and consists of channel sampling areas covered by a 2013 grab sample program. In 2013 several grab samples were taken in and around Zone 75 where several samples returned gold values greater than 1g/t and corresponded to an albite-rich mineralized zone, referred to as the white unit. The zone is oriented north-south and visible at surface 50 metres north of Zone 75 and 20 metres to the south. The nearest drill hole is located 50 metres from the white unit. The channel samples will systematically test the white unit and the results will be integrated with previous drilling to assist in a preliminary 43-101 resource estimate on the near surface gold mineralization.

Melkior Resources Inc. Acquires 53 New Claims by Map Designation Covering 23.64 Square Kilometres in Launay Township

Beaufield Resources Inc. announced that Melkior Resources Inc. has acquired 53 new claims by map designation covering 23.64 square kilometres in Launay Township located 40 km west of Amos, Quebec. Launay project now totals 136 claims and 56.31 square kilometres. The Launay gold project covers the Launay granitic intrusion which hosts a gold mineralized trend approximately 3 kilometres long. The new claims cover volcanic rocks which surround the Launay altered granite and are adjacent to Melkior's Launay Gold project and Royal Nickel's Dumont Nickel property. This prospective area has received little exploration activity in the past and will form part of the Melkior-Beaufield option and joint venture agreement.


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