Melkior and Beaufield Intersect 3.92 g/t Gold Over 13.40 Metres Near Surface at the Launay Gold Project in Quebec
13 Janeiro 2014 - 12:00PM
Marketwired
Melkior and Beaufield Intersect 3.92 g/t Gold Over 13.40 Metres
Near Surface at the Launay Gold Project in Quebec
OTTAWA, ONTARIO--(Marketwired - Jan 13, 2014) - Melkior
Resources Inc. ("Melkior") (TSX-VENTURE:MKR) is providing results
for the first eight holes drilled, totaling 939 metres, on its
Launay Gold Project, located due northwest of Val d'Or, Quebec.
Assay results for eight diamond drill holes, LAY-11-2013 to
LAY-17-2013 and LAY-19-2013, were received and demonstrate the
excellent continuity and grade of the gold mineralization along
Zone 75. The drill program is funded by Beaufield Resources Inc.
("Beaufield") per an option agreement signed in November 2013
(please refer to press release November 7th 2013.) Drilling is
ongoing and results will be released when there are received.
Drill highlights include:
- 26.20 metres of 1.61 g/t gold in LAY-12-2013
- 9.00 metres of 4.62 g/t gold, including 6.00 metres of 6.50 g/t
gold in LAY-14-2013
- 13.40 metres of 3.92 g/t gold, including 8.00 metres of 5.15
g/t gold in LAY-15-2013
Melkior has drilled approximately 1,889 metres in 16 holes to
date for its 2013 fall Launay program, with assays pending for
additional 8 holes. A planned 400 metre, core length, hole is
currently being drilled to test an Induced Polarization (IP) target
and the potential deep extension of Zone 75. Gold mineralization in
the area is often associated with IP anomalies due to the presence
of pyrite.
Table #1 - Zone 75
Intercepts
Hole Number |
End of hole length (Metres) |
Azimuth (Degrees) |
Dip (Degrees) |
From (Metres) |
To (Metres) |
Interval * (Metres) |
Gold (g/t) |
LAY-11-2013 |
105 |
90 |
-50 |
--- |
--- |
--- |
NSA** |
LAY-12-2013 |
105 |
90 |
-50 |
8.55 |
13.98 |
5.43 |
1.39 |
|
|
|
|
22.30 |
48.50 |
26.20 |
1.61 |
|
including |
|
|
|
35.00 |
38.75 |
3.75 |
2.31 |
|
including |
|
|
|
40.35 |
44.25 |
3.90 |
3.00 |
|
including |
|
|
|
43.00 |
48.50 |
5.50 |
2.00 |
LAY-13-2013 |
126 |
90 |
-50 |
56.05 |
57.00 |
0.95 |
6.52 |
LAY-14-2013 |
105 |
90 |
-50 |
39.00 |
48.00 |
9.00 |
4.62 |
|
including |
|
|
|
42.00 |
48.00 |
6.00 |
6.50 |
|
including |
|
|
|
42.00 |
44.00 |
2.00 |
14.10 |
|
|
|
|
|
53.00 |
64.90 |
11.90 |
1.92 |
|
including |
|
|
|
57.00 |
62.00 |
5.00 |
3.28 |
|
including |
|
|
|
57.00 |
58.70 |
1.70 |
4.97 |
|
including |
|
|
|
60.70 |
62.00 |
1.30 |
5.49 |
LAY-15-2013 |
129 |
60 |
-50 |
73.60 |
87.00 |
13.40 |
3.92 |
|
including |
|
|
|
79.00 |
87.00 |
8.00 |
5.15 |
LAY-16-2013 |
162 |
30 |
-50 |
109.60 |
118.80 |
9.20 |
1.43 |
LAY-17-2013 |
117 |
90 |
-50 |
75.65 |
77.00 |
1.35 |
2.97 |
LAY-19-2013 |
90 |
125 |
-50 |
--- |
--- |
--- |
NSA** |
*Reported drill intercepts are not true widths.
**NSA - no significant assays.
Additional details about the Launay drilling
program
The purpose of the program was to collect new data on Zone 75 in
order to evaluate its gold mineralization and its potential. The
drilled portion of Zone 75 occurs over a strike length of at least
175 metres and outcrops over a large portion of this length due to
overburden removal carried out in 1980's. Drilling from Melkior's
2012 exploration program revealed gold intersections including 4.94
g/t gold over 12.00 metres and 2.49 g/t gold over 18.40 metres
(please refer to press releases August 30th, 2012.) Results from
the 2013 drill program will be integrated into the three
dimensional database. The drilling program also revealed that the
gold mineralization is controlled by lithology (rock type) and can
therefore easily be tracked from hole to hole. The gold-bearing
lithology consists of white and black granite which is due to the
presence of an albite alteration (white colour) and biotite (black
colour). Locally this granite has a pinkish colour due to a weak
hematite alteration. The thickness of this granite unit varies but
is typically between 20 and 30 metres.
Quality control
Core processing included descriptive logging and systematic
sampling for analysis. The drill core was sawn in half, with
one-half delivered to a commercial laboratory and the other half
retained for future reference. Samples were submitted to ALS Chemex
Laboratories in Val d'Or, Quebec. The processed samples were
subjected to a standard fire assay with AA technique (Au-AA-23) on
a 30-gram subsample. Standards and blanks were systematically
inserted into the sample shipments as part of the sampling
protocol. For samples returning greater than ten g/t gold,
follow-up analysis using fire assay with a gravimetric finish is
completed. For specific mineralized zones where the proportion of
pyrite is high, samples were assayed using a screening analytic
method on a 1000 g subsample. Following receipt of assays, visual
analysis of mineralized intercepts is conducted, and additional
analyses may be requested to ensure the accurate representation of
the mineralized zones.
About Zone 75:
Zone 75 was discovered in 1987 by Melkior's predecessor Les
Mines Messeguay Inc. with discovery drill hole number ML-87-75,
which intersected 0.127 oz/t (4.35 g/t) gold over 69 feet (20.98
metres). Zone 75 coincides with a north-south striking magnetic
axis and dips to the west between 65 to 80 degrees. The
mineralization found at Zone 75 consists of auriferous pyrite
grains disseminated in a granitic intrusive subject to alteration
and remains open a depth.
About the Launay Gold Project:
The Launay Gold Project hosts near-surface mineralization along
a three kilometre trend, which includes Zone 75 and the Principal
Zone. The Project is located in the Abitibi Greenstone Belt and is
approximately 70 kilometres northeast of Rouyn-Noranda, 80
kilometres northwest of the town of Val D'Or, Quebec and is easily
accessible using highway 111 between Amos and LaSarre. Both rail
and power are readily available. The property consists of 83 claims
covering 63 square-kilometres.
This press release was prepared by Dr. Eric Hebert, PGeo, of
GeoVector Management Inc., qualified person under National
Instrument 43-101. Dr. Hebert has supervised the diamond drill
program, logged the core, designed the sampling program and
reviewed the quality control information.
About Melkior:
Melkior is a junior exploration company with active exploration
projects in West Timmins and holds several other exploration
properties.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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
regulatory authorities.
Jens E. Hansen, President and CEOMelkior Resources
Inc.613.721.2919613.680.1091info@melkior.comwww.melkior.com
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