Khalkos Exploration Inc.
TSX VENTURE : KAS

Khalkos Exploration Inc.

September 26, 2016 09:20 ET

Khalkos Exploration Inc.: The Sericite Zone Intersected Again on the Malartic Property, Revillard Bloc

MONTRÉAL, QUÉBEC--(Marketwired - Sept. 26, 2016) - KHALKOS EXPLORATION. ("Khalkos") (TSX VENTURE:KAS) Management of Khalkos is pleased to announce the results of last five drill holes undertaken recently under the auriferous Révillard showing in the Malartic township. Drill hole RV-16-07 (#7), intersected the main shear zone as well as the new high-grade zone Sericite that graded 4.8 g/t Au over 1.5 m including 13.2 g/t Au over 0.5 m. This zone was discovered by drill hole #1 with 4.2 g/t Au over 2 m including 7 g/t Au over 1 m (reference press release August 22, 2016). Drill holes #5 and #6 have also intersected this zone yielding respectively 2.1 g/t Au over 1 m annd 1 g/t Au over 1.2 m. Native gold grains were observed in drill cores and consequently, the ''nugget effect'' was confirmed by gold grades ranging from 1 to 13.2 g/t Au.

The low gold grade mineralized enveloppe of the main shear zone was intersected by seven drill holes out of eight of the program with grades ranging from 0.1 and 0.6 g/t Au over widths from 10 to 30 m, including 2.3 g/t Au over 1 m in drill hole #5; along with 5.5 g/t Au over 1 m and 3 g/t Au over 1.5 m in drill holes #3 and #2 respectively.

The Sericite zone is located stratigraphically under the main shear Révillard, it is incorporated in sedimentary rocks of Kewagame group. It is strongly altered and contains sphalerite, galena and chalcopyrite, its width ranges from 1 to 3 m.

No significant value was intersected by drill hole RV-16-08.

Altogether, eight short drill holes were undertaken under the Révillard showing, for a total of 800 m drilled, confirmed thus its vertical continuity on approximately 50 metres.

Robert Gagnon, President of Khalkso states: ''With just 800 metres of drilling, Khalkos confirms the importance of the auriferous Révillard showing, and this, in a mining camp that is considered as mature. Khalkos plans to continue its drill holes on the Malartic property in the goal to verify if the lateral extension to the east of Révillard showing can extend to the Malrobic deposit, located at 2 km on the same geological axis. We note that no drill hole was undertaken along this axis or contact, Khalkos will be the first company to try to connect these two major showings located on one of the most prolific auriferous structure of Abitibi.''

Following an insurance program and analytical quality control, blank samples and standards were added to collected samples on half drill cores of the Malartic property before being assayed by Actlabs laboratory of Val-d'Or, Québec following the fire assay method.

This press release was prepared by Robert Gagnon, President of Khalkos, Qualified Person pursuant to National Instrument 43-101.

Neither the 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.

Contact Information