Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

October 16, 2013 08:54 ET

Melkior Commences Drilling at the Carscallen Gold Project in Timmins

OTTAWA, ONTARIO--(Marketwired - Oct. 16, 2013) - Melkior Resources Inc. (TSX VENTURE:MKR) ("Melkior") is pleased to announce the beginning of its fall drill program at the 100% owned Carscallen Gold Project in Timmins, Ontario. The drill program consists of a series of holes to extend and close off the gold mineralization on the ZamZam zone to define a resource (a total of approximately 2000 metres of drilling).

The ZamZam zone is a gold bearing vein system exposed on the surface grading 15.97 g/t gold over a length of 215 metres (please refer to press release July 11th, 2013) and consists of a series of fractures filled with gold-bearing pyrite and quartz-pyrite veins hosted in granite. Surface grab samples and channel samples include a sample grading 843.72 g/t gold and surface channels assaying 4.00 metres grading 4.95 g/t gold and 4.20 metres grading 5.66 g/t gold (see news releases dated September 6th, 2007 and December 17th, 2012). In addition to the ZamZam zone exploration to date has identified six additional significant gold zones.

Melkior's Carscallen Gold project is located on Highway 101, 5 kilometres due west of Lake Shore Gold Corp. Timmins mine and 25 kilometres west of the City of Timmins.

This Press Release was prepared by Jens E. Hansen, P.Eng of President and CEO of Melkior, and Qualified Person under National Instrument 43-101.

About Melkior:

Melkior is a junior exploration company with active exploration projects within the Timmins gold camp and holds several other exploration properties of which the most important is the 100% owned Launay gold property in West Quebec. Melkior also holds two claim groups in the Beardmore Long-Lac gold camps as well as 49% of the Delta Kenty nickel-copper deposit in Ungava.

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.

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