Melkior's 2020 Work Plan and Updated Presentation
Timmins, December 17, 2019 - Melkior Resources Inc. ("Melkior") (TSXV:MKR) is pleased to announce that it has posted an updated corporate presentation outlining the company's plans for 2020: -
http://www.melkior.com/rch-content/uploads/Melkior-Corporate-Dec-2019.pdf
The company is pleased to outline the following Winter 2020 programs:
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1.Carscallen Project (Timmins):
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a.Following the November 2019 drilling success (23.5g/t gold over 8 meters with .036% copper over 81 meters) the company has commenced a Down-Hole Geophysical Survey to refine our follow-up drilling targets.
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b.Approximately 2,400 meters of follow up drilling to test the high-grade mineralized system to depth and strike is currently being planned. We will be targeting expanding the high-grade gold zone and also locating the source of copper in the system.
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2.White Lake Project (Hemlo):
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a.A maiden drill program of approximately 1,200 meters is being planned to test anomalies identified in the Jan 2019 VTEM and follow-up on strong gold occurrences (>1,000g/t, 19.2g/t and 82.3g/t (2018 Sample)).
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The company is also pleased to outline its Spring/Summer 2020 program:
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1.Maseres Project (Urban-Barry):
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a.A reassessment of the property data was performed by SL Exploration identifying 7 Targets of focus for 2020.
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b.A refined soil and boulder sampling strategy has been developed to investigate the distinct targets along the 12KM conductive trend.
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Jim Deluce, CEO of Melkior remarks, "We look forward to advancing Melkior's three projects in 2020. Gold had a strong 2019 and with the recent increased M&A in the mining space we believe it is setting the stage for a strong 2020."
ON BEHALF OF THE BOARD
Keith James Deluce, CEO
For more information, please contact:
E-mail: info@melkior.com
Tel: 705-267-4000
The reader is invited to visit Melkior's web site www.melkior.com.
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