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| Melkior Resources Inc |
Melkior Resources Inc. (TSXV: MKR; OTC: MKRIF) has commenced its winter drilling campaign at the Beschefer East Project, located in the Northern Abitibi Greenstone Belt, Quebec. The project is approximately 4.5 km northeast of B-14, 13 km northeast of B26, and 17 km east of the Selbaie Mine.
Melkior secured an option agreement on June 14, 2023, with SOQUEM Inc., allowing it to earn 100% interest in the Beschefer East Project over three years. The six-hole, 1,050-metre winter drill program will focus on testing an 800-metre anomaly zone identified using black spruce tree bark sampling and ground Induced Polarization (IP) surveys. This area has never been tested by drilling, and individual drill holes will range in depth from 150 to 200 metres. A recent line cutting and data acquisition survey east of the target area provided preliminary data to refine future drilling strategies. The three 1.5 km IP lines completed will help evaluate the potential to expand the target zone.
In preparation for drilling, Melkior conducted multiple sampling and survey programs. Five new gold-copper targets were identified using black spruce tree bark sampling, and three copper-lead-zinc targets were detected through mobile metal ion (MMI) sampling. The company collected 518 MMI samples across two grids at Beschefer East, along with 1,780 black spruce tree bark samples over a 100m x 100m grid. A high-resolution airborne magnetic survey (968 line-km), conducted by Prospectair, confirmed trends over key exploration targets. The survey covered an area of 34 km² with detailed infill blocks to improve data accuracy.
Beyond the Beschefer East Project, Melkior is also managing developments related to its Genex Project. On January 1, 2025, the company and International Explorers & Prospectors Inc. appointed an arbitral tribunal to resolve a dispute under their April 19, 2022, option agreement. A hearing is expected in June 2025 or later. Additionally, Melkior has approved the granting of 1.2 million incentive stock options to directors and officers. The options, priced at $0.08 per share, will be exercisable for five years, subject to regulatory approval.
Melkior Resources' key projects—Carscallen, Beschefer East, Genex, and Val-d’Or—are strategically located in the Abitibi Greenstone Belt, known for hosting significant gold and base metal deposits. As exploration advances, the company remains committed to leveraging cutting-edge technology and geological expertise to unlock the region’s mineral potential.
