Melkior Resources Inc.
TSX VENTURE : MKR

Melkior Resources Inc.

June 17, 2008 15:19 ET

Melkior to Drill 56 Hole Program at Timmins

OTTAWA, ONTARIO--(Marketwire - June 17, 2008) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR), is pleased to announce that a diamond drill has been mobilized to its 100% owned West Timmins gold property in Carscallen Township. The property is located on highway 101, 30 kilometres west of Timmins and 5 kilometres west of the Lake Shore Timmins West Gold property which is being developed.

Previous work by Melkior has identified four important gold bearing structures within the Carlton Lake felsic intrusion. These structures extend over approximately 1,000 metres and have been evaluated by 400 metres of overburden removal and a 2007 drill program totalling 2,543 metres (NR November 21, 2007; NR January 9, 2008).

Previous sampling in trenches has obtained numerous significant gold assays including 467 g/t in a sample from the 1010 vein. Diamond drilling with NQ core returned 19.8g/t gold over 3.18 metres on the 1010 Zone, 40.37 g/t gold over 1.0m at the Shenkman and 13.1 g/t gold over 0.85 metres at the Zam Zam Zone.

The current program is planned for 56 holes totalling approximately 2,930 metres. The holes are designed to systematically drill the gold bearing veins on two levels at regular intervals along their length. The drilling began on June 16 and is expected to take 6 to 8 weeks.

The drill program is under the direction of geologist Wade Kornik. This news release has been prepared by Jens Hansen, P. Eng, director and President of Melkior, a Qualified Person under NI 43-101.

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