Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

February 26, 2009 08:00 ET

Melkior Resources Inc.: More Land Acquired and 2008 Drilling Reported on Launay Gold

OTTAWA, ONTARIO--(Marketwire - Feb. 26, 2009) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR) is pleased to announce drill results and the acquisition of an additional 2150 hectares of land adjacent to its Launay gold deposit property.

The Launay property is situated in the Abitibi Greenstone Belt, a region well known for its richly mineralized gold and VMS deposits. The property consists of two distinct blocks of claims within the Launay and Privat townships in Quebec totaling 7828 hectares which includes the newly acquired claims. The area has been explored for gold since the mid 1930s, however the limited number of outcrops has hindered surface exploration work. Several high grade gold prospects have been discovered in and around the property and typically consist of mineralized quartz-carbonate veins of varying widths and lengths and wide disseminated auriferous pyrite zones associated with silica, carbonate and hematite alterations.

The northern part of the property contains several prospects which are associated with the Taschereau batholith. Two zones in particular have garnered much interest, namely Zone 75 and Principal Zone. The batholith is a multi-phased intrusion that shares many similarities with the Bourlamaque batholith in the Val-d'Or area which hosts several gold deposits internally and along its margins.

Zone 75 consists of disseminated auriferous pyrite observed over a length of 400 meters with significant historical drill intersections of 6.92 g/t Au over 12.8 m and 9.10 g/t Au over 7.0 m. The deposit coincides with a magnetic axis that strikes N-S and dips between 65 and 80 degrees west.

Principal Zone consists of a North-South shear zone of 152 meters long and 23 meters of average width. Significant historical drill intersections have returned 5.09 g/t Au over 9.42m and 3.37 g/t Au over 6.86m. Many other showings have also been located in the vicinity.

Melkior drilled 11 holes in 2008 with the objective of evaluating the potential for extensions. Five holes at Zone 75 encountered anomalous gold. Three holes drilled at the Principal zone encountered wide, low grade gold zones as listed in the table below:



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Drill Hole From To Assay results of interval
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ML-08-09 32.0 m 50.0 m 0.450 g/t Au over 18.0 m
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ML-08-10 29.0 m 47.0 m 0.859 g/t Au over 18.0 m
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ML-08-11 40.0 m 120.0 m 0.264 g/t Au over 80.0 m
(including 0.537 g/t Au over 25.5 m)
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Samples analyzed by Activation Laboratories using standard fire assay
procedures and ICP


The additional land acquired by Melkior corresponds to the extension of the same magnetic feature that bears Zone 75 and Principal Zone deposits. The wide gold intersections demonstrate the potential for locating a high tonnage/low grade deposit in the area.

In the southern part of the block, prospects are associated with the Macamic fault, a major fault line identified in 1986 shortly after Melkior acquired the property. It is believed that this structure is a slip fault associated with the Cadillac and Destor-Porcupine faults which host world class deposits.

For 2009, Melkior plans to continue exploration and compilation activities on Zone 75 and Principal Zone areas in order to better understand the morphology of the deposits and determine if the mineralization extends into the newly acquired land position. Follow-up exploration on recent geophysical surveys and geochemical soil sampling that have returned favorable anomalous data will also be performed on the property.

The field work and sampling was done by geologist Michel Roby P.Geo. This news release was prepared by Jens E. Hansen, P. Eng., Director and President of Melkior and a Qualified Person as defined by NI 43-101.

About Melkior

Melkior Resources is a junior exploration company with a portfolio of quality projects in Quebec and Ontario and is currently focused on actively exploring and developing its gold properties.

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.

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.

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