Business News

Melkior Resources: Timmins Gold Project Drilling

2008-08-20 14:44:00

OTTAWA, ONTARIO–(EMWNews – Aug. 20, 2008) – Melkior Resources Inc. (“Melkior”) (TSX VENTURE:MKR), is pleased to announce that it has completed its summer drill program on the Timmins West Project in Carscallen Township in Timmins, Ontario. A total of 2846 metres of NQ drilling was undertaken in 48 drill holes.

The purpose of the drill program was to extend the strike length of existing gold mineralized systems and to provide drill intercepts of the vein systems at regular shallow intervals. These drill results can be used to focus future drilling in areas of maximum potential economic interest and provide a better understanding of the gold bearing structures.

In this program, the majority of the drilling was conducted in the 1010 Vein Area. Thirty three holes were drilled along 425 metres of the established strike length of the 1010 Vein.

Nine holes were drilled into the ZamZam Zone and five into the Shenkman Area linking the vein systems together. The ZamZam Zone now has a strike length of 525 metres. One hole was drilled into the Jowsey Vein Area.

Geological analysis of the core is about to begin and vein material will be sent for assay results. The availability of the results is based on receipt of assays from the laboratory.

Drilling has been completed on the Launay and Trojan gold projects sand assays have been received. These are being evaluated by Melkior’s consultant and will be integrated with historical data from the two projects. The results will be presented upon receipt of the of the geologists report on Launay and Trojan.

This news release was prepared by Jens E. Hansen, P. Eng, President Melkior Resources Inc., a Qualified Person under NI 43-101.

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 regulations. Melkior undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.

The TSX Venture Exchange (TSX-V) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

Melkior Resources Inc.
Jens E. Hansen, P. Eng
President
613-680-1091
613-828-7268 (FAX)
[email protected]
www.melkior.com

free cash grants, free grant money, free money, cash grants, scholarships, business grants, foundation grants, government grants, debt grants, consolidation, college tuition, financial aid, medical grants, personal grants, medical bills, unsecured loans, no interest loans, financing, loans, capital, non profit organizations

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions





























Jerry Cruz

Tops SEO Expert, Social Media Influencer and Editor. Having published and edited more than 4700+ Articles in the last 6 years definately a PRO!

Related Articles

Back to top button