Melkior Resources Inc.

Melkior Resources Inc.

April 17, 2008 08:00 ET

Melkior Resources Inc.: Launay Gold Drilling Completed and Exploration Progresses

OTTAWA, ONTARIO--(Marketwire - April 17, 2008) - Melkior Resources Inc. (TSX VENTURE:MKR) is pleased to announce that it is actively exploring its properties as indicated.


Melkior has completed a 1782 metre drill program consisting of eleven holes on its 100% owned Launay, Quebec gold property. The drill program targeted two zones discovered and initially drilled in the 1980's namely; The Principal Zone and Zone 75. Four of the eleven holes were drilled the Principal Zone and seven holes were drilled on the Zone 75 gold prospect. Another hole, totalling 279 metres was drilled on the nearby Trojan gold prospect.

A total of 806 samples have been submitted for gold assay and the results are expected from late May to the beginning of June.


Fifty eight kilometres of line cutting and magnetometer surveying have been completed on the 100% owned Eldorado nickel property located 1.5 kilometres north of the Liberty Mines Inc Redstone nickel mine. The property is 30 kilometres south of Timmins Ontario. Further geophysics is planned in preparation for 2008 drilling.


Fifty line kilometres of detailed line cutting and magnetometer surveying have been completed on the 100% owned Timmins West Gold property located 30 kilometres west of Timmins Ontario and 5 kilometres west of the Lake Shore Gold Corp Bristol Township gold deposit. A drilling program to follow up on significant gold intersections from a 2007 drilling program is planned for June 2008.


A helicopter Time domain Electromagnetic and magnetometer survey has been contracted for Melkior's 100% owned Geraldton-Longlac gold property. The results are expected in May 2008.

Melkior is well financed to undertake these and other exploration programs during 2008 with available funds of $4,200,000.

This news release was prepared by Jens E. Hansen, P. Eng, President Melkior Resources Inc., a Qualified Person under NI 43-101.

The TSX Venture Exchange (TSX VENTURE) 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
    613-828-7268 (FAX)