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Melkior Resources set for induced polarization geophysical survey at Val-d'Or project ahead of drilling start

Soil surveying at the asset defined four main targets and following the IP results, a prospecting program will further interpret the area

Melkior Resources Inc. -
"This moves the company one step closer to narrowing in our drill targets for the winter 2020 program," said CEO Deluce

Melkior Resources Inc (CVE:MKR)(OTCMKTS:MKRIF) (FRA:MEK1) said it will begin an induced polarization (IP) geophysical survey at the so-called Target 4 at its Val-d'Or property in Quebec, ahead of a potential drill program to commence later this year.

Soil surveying at the asset defined four main targets and following the IP results, a prospecting program will further interpret the area.

READ: Melkior Resources eyeing next major gold discovery in Canada via landmark partnership with Kirkland Lake Gold

"We look forward to reviewing the results of our IP survey at Val d'Or," said Jonathon Deluce, CEO of Melkior in a statement. "This moves the company one step closer to narrowing in our drill targets for the winter 2020 program.

"We will be reviewing the data received against neighboring successful drill programs to best target potential gold mineralization in a district that has produced over 25 million ounces of gold historically."

The firm's Val d'Or project comprises 120 claims, covering around 6,000 hectares (ha) and top priority Target 4 lies in the southern area.

Target 4's tonalite-granodiorite intrusion is most likely the source of four mineralized showings as close as 300 metres (m) outside of the property, including the Bruell Deposit, on the neighboring Eldorado/Sparton joint venture, reckons Melkior.

This anomaly hosts multi-elements, including silver, arsenic nickel, cobalt, copper and moly, and could be associated with gold and base metal mineralization, it added.

"The 13.9 line-km IP survey will allow the company to plan a drill program on the potential source of the soil anomaly which could discover new mineralization in the area, on strike with the Bruell showing."

Contact the author at [email protected]

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Price: 0.91 CAD

TSX-V:MKR
Market: TSX-V
Market Cap: $19.38 m
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