Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

January 09, 2008 08:00 ET

Melkior Resources Drills 19.80 g/t Gold Over 3.18 Metres on 1010 Zone

OTTAWA, ONTARIO--(Marketwire - Jan. 9, 2008) - Melkior Resources Inc., (TSX VENTURE:MKR) is pleased to announce that drilling on the 1010 Zone has returned 19.80 g/t Au over 3.18 metres (WKD-07-18) on it's wholly owned West Timmins gold project in Carscallen Township in the Timmins area of Ontario. This undercuts a surface grab sample obtained 20 m from the drill collar that assayed 125.12 g/t Au over 0.20m. Additionally drilling on the northern extension of the 1010 Zone (WKD-07-17B) has returned 17.14 g/t Au over 1.2 metres. This hole is located 200 metres north of WKD-07-18. Surface grab samples obtained 30 m from the drill collar of WKD-07-17B returned assays up to 467.00 g/t gold.



Highlights of drill hole assays (not previously reported):

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Zone Drill Hole From (m) To (m) Width (m)(i) Assay (g/t)
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1010 WKD-07-15 33.00 35.30 1.25 1.23
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Offset Structure 36.25 37.15 1.25 1.23
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South 57.95 59.00 1.05 2.27
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87.55 88.25 1.35 1.05
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1010 North WKD-07-17 23.90 24.55 0.65 9.14
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1010 North WKD-07-17B 32.45 33.65 1.20 17.14
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1010 North WKD-07-17C 71.40 72.50 1.10 4.92
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1010 Central WKD-07-18 11.00 12.00 1.00 2.87(ii)VG
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1010 Central WKD-07-18 27.15 30.33 3.18 19.80
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1010 Central WKD-07-18B 55.40 63.60 5.92 0.75
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(i) - not true width

(ii) VG - 10 cm section containing visible gold not submitted for assay
from this interval


The current drill program has identified at least two gold zones as having significant new gold exploration potential namely; the 1010 Zone and the ZamZam Zone (News Release January 3, 2008). The assay results from drilling on these zones justify additional drilling which is anticipated in the spring of 2008. Contract negotiations have commenced to secure a drill for 5000 metres of NQ drilling focused on evaluating these gold bearing structures and other areas of potential on the property.

Samples from the NQ drill core were either split using a hydraulic core splitter or sawn in half with a diamond saw, one half was sent for assay and the other half retained for reference. New Samples reported here were analysed by Activation Laboratories in Mississauga, Ontario using the standard fire assay technique with a gravimetric finish. Due to the presence of coarse gold, all samples returning values over 1 g/t Au will be re-assayed using fire assay - metallic sieve of all metallic particles which could be more representative of the gold content. These assays are expected within a month.

The field work and sampling was done by geologist Wade Kornik BSc. This news release was prepared by Jens E. Hansen, P. Eng, President Melkior Resources Inc., a Qualified Person under Article 43-101.

About Melkior:

Melkior is exploring for minerals in Quebec and Ontario. The Timmins Area is becoming a major focus of the company in its current gold exploration programs. As well, additional claims have been recently acquired in the area for nickel, copper and gold in Eldorado, Langmuir and adjoining townships. These claims adjoin properties held by Liberty Mines Inc and Golden Chalice Resources Inc. A map of the Eldorado Property is available at www.melkior.com. Recently Melkior Resources has acquired claims in Loveland Township near Timmins adjoining patented claims held by Moneta Porcupine Mines Inc. Claims recently staked at key locations on the Geraldton Longlac gold belt will be explored in the coming months. In the Ungava Area of northern Quebec Melkior owns 49% of the Kenty Delta nickel copper PGE deposits in partnership with Xstrata Nickel and it also holds 100% of the Launay Gold project near Val D'Or.

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 the Company' periodic reports including the annual report or in the filings made by the Company from time to time with securities regulations. The Company 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 event.

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

Contact Information

  • Melkior Resources Inc.
    Jens E. Hansen
    President
    613-721-2919
    613-828-7268 (FAX)
    www.melkior.com