Melkior Resources Inc. Acquires Additional Denton Claims
Timmins, October 18, 2017 - Melkior Resources Inc. ("Melkior") is pleased to announce that it has purchased, for a total cash payment of $5,000, an additional 3 claims totaling 20 units in Denton Township, Timmins, Ontario ("Property"). The Property is located within an interpreted area of disruption and splay faults related to the Destor Porcupine Fault Zone (PDFZ). The Property is located one kilometer south of the Carscallen Project claim group, Highway 101 and adjoins Tahoe Canada mining claims.
The PDFZ is considered to be an important structure related to gold mineralization within the Timmins Gold Camp. The location of the PDFZ and its relationship to gold deposition has been the subject of much study and interpretation. The location of the PDFZ in Denton Township is not well defined. Melkior's current working hypothesis positions the Carscallen Project north of the Porcupine Destor Fault in an area where an apparent inflection in the PDFZ may have produced splay faults and a series of generally north south trending structures that host Melkior gold zones.
The acquisition of the Property expands Melkior's already a significant land package in this exciting area of Carscallen and Denton Townships.
Wade Kornik, P.Geo., has approved the information contained in this release. Mr. Kornik is the Exploration Manager of the Company and is Qualified Person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD
Keith James Deluce, CEO
For more information, please contact:
E-mail: info@melkior.com
Tel: 705-267-4000
The reader is invited to visit Melkior's web site www.melkior.com.
This news release contains forward-looking statements that address future events and conditions, which are subject to various risks and uncertainties. Melkior's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond Melkior's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of Melkior's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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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