Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

February 28, 2008 11:04 ET

Melkior Drills Launay Gold and Begins Work on Eldorado Nickel

OTTAWA, ONTARIO--(Marketwire - Feb. 28, 2008) - Melkior Resources Inc. (TSX VENTURE:MKR) is pleased to announce that a 2500 metre drilling program is underway on the Launay gold property. The Launay gold property is located approximately 100 kilometres northwest of Val-d'Or Quebec. It has been 100% owned by Melkior since the mid 1980s. The property has two gold deposits, the Principal Zone and Zone 75.

The current drilling is planned to verify and better define Zone 75. One hole is also planned for the Principal Zone and one hole will be drilled on the newly acquired Trojan property.

Line cutting of 55 kilometres has begun on the 100% owned Eldorado nickel property located approximately 20 kilometres southeast of Timmins Ontario. The property adjoins the Liberty Mines Inc nickel property (ref www.melkior.com).

The line cutting grid will cover a series of electromagnetic anomalies which will be surveyed by geophysics and drilled to test for possible massive sulphides. The grid is located approximately 1.5km north of the Liberty Redstone mill.

This news release was prepared by Jens E. Hansen, P. Eng Director and President of Melkior.

The TSX Venture Exchange (TSX-V) has not reviewed and does not accept 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 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 undertake 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.

Contact Information

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