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Be the first with the news that moves the market- Melkior (MKR) has announced encouraging results from its maiden program at the Genex Project in Timmins, Ontario
- Highlights include 0.96 per cent Cu and 0.22 g/t Au over 27.0 m, including 2.29 per cent Cu and 0.32 g/t Au over 7.78 m (GEN-22-01)
- The results demonstrate wide development possibility with significant near-term resource potential
- CEO Jonathon Deluce spoke with Coreena Robertson about the discovery
- Melkior Resources is an exploration-stage resource company
- Melkior (MKR) last traded at $0.22 per share
Melkior (MKR) has announced encouraging results from its maiden program at the Genex Project.
The Timmins-based project offers a prospective copper-gold exploration target based on a high density of historical drilling.
Select results from the first six drill holes successfully extended mineral continuity around the historical Genex Mine.
The results demonstrate wide development possibility with significant near-term resource potential.
Highlights include:
- 0.96 per cent Cu and 0.22 g/t Au over 27.0 m, including 2.29 per cent Cu and 0.32 g/t Au over 7.78 m (GEN-22-01), successfully extending the Genex Shaft Zone 50 m to the north
- 1.14 g/t Au, 0.52 per cent Cu, 0.36 per cent Zn and 14.17 g/t Ag over 15.65 m, including 5.0 g/t Au, 1.98 per cent Cu and 61.26 g/t Ag over 2.7 m (GEN-22-04)
A cobalt interval was obtained inside the mineralized zone with 0.15 per cent Co over 9.45 m, including 0.415 per cent Co over 2.7 m.
CEO Jonathon Deluce spoke with Coreena Robertson about the discovery.
Melkior Resources is an exploration-stage resource company. Its flagship Carscallen Project is being advanced by Agnico Eagle Mines, which owns approximately 6 per cent of Melkior shares.
Melkior (MKR) last traded at $0.22 per share.
