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Melkior Resources update on Carscallen Property

Mining News - Published on Fri, 22 May 2020

Image Source: Melkior Resources
Melkior Resources Inc believes it has discovered a new volcanogenic massive sulphide hosted environment in Carscallen Township approximately 25 kilometers west of Timmins, Ontario in its recent drill program. The discovery occurred approximately 264 meters south of the current deep drilling program initiated in early March of 2020. The third drill hole, CAR-20-06 tested a mise-a-la-masse MALM conductor and encountered strong chalcopyrite (copper), sphalerite (zinc) mineralization, described as clots and disseminations, as well as arsenopyrite, pyrite and pyrrhotite mineralization with visible gold hosted within lithologies such as a previously unknown massive rhyolite which typically hosts mineralization in VMS environments. Melkior CEO Jonathon Deluce said "We are excited with the last of our results from our March 2020 drill program. We are very encouraged to intercept high-grade gold veins in our 264-meter step-out hole with indications of metals found within a VMS environment. We believe the Carscallen Project has a lot of potential for both the high-grade gold system and the increased likelihood of being in a VMS environment as well. Hole CAR-20-06 demonstrated consistent anomalous mineralization over 447 meters, and that consistency combined with strong down-hole conductive readings supports us potentially being on the fringe of a VMS system."

Drill hole CAR-20-06 intersected 5.6 g/t Au and 6.4 g/t silver over 9.5 meters from 486.5 to 496.0 meters, including 23.9 g/t Au over 0.5 meters from 486.5 to 487.0 meters and 67.9 g/t Au with 79.8 g/t Ag over 0.5 meters from 495.0 to 495.50 meters. The final interval from 495.5 to 496.0 also returned 0.62% copper and 0.27% zinc. In addition, CAR-20-05 which intersected 25.7 g/t Gold over 6.0 meters from 357.0 to 363.0 meters, had previously not been analyzed for the 36 multi-element analysis and has recently returned assays of 3.6% copper and 27.8 g/t Silver over 0.7 meters from 360.5 to 361.2 meters in addition to the 205 g/t Au previously reported. Between 303 and 750 meters, 311 samples were taken, which returned 100% anomalous copper, 100% anomalous zinc, and 88% anomalous gold. Pyritic and pyrrhotitic mineralization was prevalent throughout the entirety of the VMS environment encountered.

Highlights:

The Carscallen Gold Project lies within the township of Carscallen, approximately 25 kilometers southwest of the City of Timmins, Ontario. It is comprised of 301 claim units covering 47 square kilometers with 100% ownership by Melkior.

The third drill hole, CAR-20-06, with a target depth of 600 meters, was extended an additional 150 meters to 750 meters and terminated within pyritic and pyrrhotitic mineralization. Melkior believes it may be within what is described as a Bimodal mafic VMS environment as the rock types include mafic massive basalts, pillowed mafic flows with localized hyaloclastite, subaqueous debris flow breccias and dacitic to rhyolitic massive flows with no pyroclastic all characteristic of this VMS classification (see accompanying photos).

Typical as well of this class of VMS encountered in CAR-20-06 were numerous feldspar porphyry dikes and alteration, including chloritization, sericitization, silicification, and epidotization.

The drill hole intersected bands of semi-massive pyrrhotite and clusters of coarse pyrite from 454 to 468 meters. These types of systems typically contain a significant amount of pyrrhotite, an iron sulphide which is strongly magnetic and believed to be the principal conductor in the MALM survey and recognized in the VTEM total magnetic intensity as a significant elevated response.

Significant concentrations of gold have now been established approximately 264 meters south of the first two holes drilled with further drill testing required to establish continuity and the possible expansion into a larger gold system. Gold and silver values are usually highest in the fringe and cooler upper portions of VMS systems.

Source :

Posted By : Yogender Pancholi on Fri, 22 May 2020
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