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Melkior Resources Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  66 Brousseau Ave., Suite 207
Timmins, Ontario
Canada P4N 5Y2
Tel No.: 226-271-5170
Web Site: www.melkior.com
E-mail: info@melkior.com
Contact Person: Jon Deluce
Position: CEO


Company Data

Traded Market: TSX-V
Traded Symbol: MKR
Outstanding Shares: 20,049,420
52 Week High: $ 1.25
52 Week Low: $ 0.06
Present Price: Click Here


Introduction

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Melkior Resources is a Canadian exploration company actively pursuing to make the next major gold discovery in Canada. Melkior is focused on unlocking value by advancing its four projects located in gold-rich areas in Canada. Its projects include Carscallen Project, White Lake Project, Maseres Project and the Val d'Or Property.

Investment Highlights

Solid Management Team

  • Guided by a solid management team with heavy insider ownership.

Great Locations

  • Assets located in historically gold-rich areas in Canada.

Major Exploration Potential

  • Extensive work has been done on the properties which now gives Melkior a strong geological interpretation. 2 out of 4 assets have been acquired by the Company's new management.

Constant Work Programs

  • Melkior strive to be strategic and cost effective in its work programs. The Company aims to always be active in advancing its four assets. Melkior's flagship asset, the Carscallen gold project is under option and joint venture with Kirkland Lake Gold for $110 million which allows them to earn up to 75% in the project.


Projects in Hand

(1) Carscallen Gold Project, Ontario

Timmins Gold Camp

  • In September 2020, Melkior announced a $110 million option and joint venture agreement with Kirkland Lake Gold to earn up to 75% of the project.
  • The Carscallen Gold Project is located in the Abitibi Greenstone belt, 25 kilometers west of the city of Timmins in Northeastern Ontario, accessible by road all year-round.
  • 320 claim units, covering over 47 square kilometers
  • Drilling in 2020 validated the high grade system in addition to VMS potential
  • ZamZam gold bearing zone has been traced on surface for a length of 215 metres averaging 15.97 g/t gold.
  • Significant gold bearing fault structures over 1 kilometer in length with surface work and drilling confirming continuity of the zones. Open on strike and at depth.
  • Within the ZamZam and Shenkman Zones there has been 37 historical intercepts over 25 g/t Au
  • Kirkland will act as the Operator of the Property during the Option Period
  • 3,800 Meter Drill Program commenced Oct. 21st, 2020
  • On-Going Technical Work
  • Melkior will report on the drilling results conducted by Kirkland Lake Gold as they become available

(2) Val-d'Or Project, Quebec

  • The 100%-owned Val-d'Or Property is located 35 km east from Val d'Or and is accessible by a well-maintained dirt road as well as logging roads.
  • The property consists of 120 claims, which covers approximately 6,333.04 hectares.
  • Multiple gold and copper showings are present on and around the Property
  • The completed soil survey defined 4 target
    • Top Priority: Target 4: Located in the southern area of the Property, on strike with previously discovered gold mineralization by Sparton Resources.
  • On October 13, 2020, Melkior announced that it will conduct an induced polarization geophysical ground survey on Target 4 of the Property.
  • Nov/Dec 2020 Drill Program focusing on the western strike extent of the Bruell deposit (150m away)

(3) Maseres Gold Project, Quebec

Urban-Barry Gold Camp

  • Located about 14 km southwest of the Osisko Black Dog Deposit
  • The Maseres land package is about 12 km by 20 km (90,000 acres) of contiguous sole ownership. (100% Owned)
  • The 2018 VTEM survey data supports the hypothesis that the Urban Barry Greenstone Belt continues south of the Osisko Black Dog Project and traverses Melkior's Maseres Project.
  • Previous work completed by Melkior allowed the interpretation and definition of significant anomalies in till. Those anomalies are generally associated with magnetic features and some are associated with IP anomalies.
  • Melkior is of the opinion the Maseres Project may be situated on a prospective gold rich, Bousquet Type, VMS environment.
  • Currently analyzing data from 2020 till sampling and prospecting programs

(4) White Lake Gold Project, Ontario

Hemlo Gold Camp

  • The 100%-owned Project is located approximately 15 km northeast of the Hemlo Gold Mine currently operated by Barrick Gold
  • 244 contiguous claim units.
  • Historical surface work resulted in the discovery of the high grade Carroll-MacDougall gold occurrence (1,168 g/t Au)
  • Samples obtained from the Carrol-MacDougall occurrence confirmed its gold bearing nature with 1,168 g/t gold and the 2018 high grade grab sample was 82 g/t gold.
  • Five priority exploration areas were defined
  • On November 20, 2020, Melkior announced that it has closed an option and joint venture agreement with Barrick Gold Inc., a wholly owned subsidiary of Barrick Gold Corp. Under the terms of the option agreement, Barrick has an option to earn a 75-per-cent interest in the White Lake project in consideration for completing $4-million in exploration expenditures over a period of five years. Barrick will act as the operator of the property during the option period.


Management

Management and Directors

Jon Deluce, CPA, CA, Chief Executive Officer & Director

Mr. Deluce is a former Manager at Ernst & Young. While at Ernst & Young (“EY”) he worked in the Assurance and Advisory practices. During his time in assurance, he led quarterly and year-end audit engagements on NYSE and Toronto Stock Exchange clients in the construction, mining and power / utilities industries. Mr. Deluce founded Silverwater Capital which specializes in exploration property acquisitions in Ontario and Québec.

Eric Myung, CPA, CA, Chief Financial Officer

Mr. Myung is a Senior Financial Analyst of Marrelli Support Services Inc. and has previously worked in a public accounting firm focused on small and medium business for seven years.

Jim Deluce, Director

Mr. Deluce obtained his Industrial Engineer from the University of Toronto. He has 40 years extensive experience in leadership roles, including both business ownership and business management.

Norman Farrell, Director

Founder and first president of Melkior Resources Inc., then Messeguay Mines Inc., from 1987 to 1993 he sat on the board of numerous junior mining companies both as director and officer.

Peter Caldbick , P.Geo., Consulting Geologist (Ontario)

Mr. Caldbick has been active in exploration and mining for the past 36 years throughout Northern Ontario, Quebec, Newfoundland and the Northwest Territories in the positions of VP Exploration, mine geologist, and technical consultant.

Steven Lauzier, P.Geo., Consulting Geologist (Quebec)

Mr. Lauzier operates a consulting company named SL Exploration Inc. since 2010, which provides services to the exploration companies of Quebec. Over the years, the Company developed a specialization in soil sampling and is associated with multiple recent soil discoveries in James Bay and the Abitibi area.


News Update

On November 25, 2020, Melkior Resources Inc. announced that the company has added claims to the Val D'Or property through direct staking. This addition adds eight claims (371.96 hectares), seven kilometres northeast of Probe Metal's Pascalis gold trend, where they have had a lot of recent success (see news release from Probe Metals on Oct. 28, 2020, 5.9 g/t Au over 9.2 metres).

On November 20, 2020, Melkior Resources Inc. announced that it has closed an option and joint venture agreement with Barrick Gold Inc., a wholly owned subsidiary of Barrick Gold Corp. Under the terms of the option agreement, Barrick has an option to earn a 75-per-cent interest in the White Lake project in consideration for completing $4-million in exploration expenditures over a period of five years. Barrick will act as the operator of the property during the option period.

On November 10, 2020, Melkior Resources Inc. announced that it will conduct a high-resolution MAG survey on the entire Val d'Or property located in Quebec. This survey will be done at a low altitude using tight line spacing, which is a configuration that has seen a lot of success by neighbouring companies in the Val d'Or district. The total survey length will be 2,573 line kilometres.


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