Melkior - Maseres VTEM Survey Magnetic Maps

2018-05-25 / @thenewswire

(TheNewswire)

Timmins, Ontario / TheNewswire / May 25, 2018 - Melkior Resources Inc. (“Melkior”) is releasing six additional maps from the recently completed $275,000 (2,170-line kilometer) VTEM helicopter borne magnetometer and EM survey on the Maseres Project. The two first maps below are provided for regional context.

Maseres Magnetic Survey overlain on Regional Magnetics.

http://www.melkior.com/MKR_Maseres_TMI_Regional.pdf

Maseres TAU overlain on Regional Magnetics.

http://www.melkior.com/MKR_Maseres_TAU_Regional.pdf

MKR_Maseres_25k_TMI : Total magnetic intensity (TMI) colour image and contours.

http://www.melkior.com/MKR_Maseres_25k_TMI.pdf

MKR_Maseres_25k_CVG : Calculated Vertical Derivative.

http://www.melkior.com/MKR_Maseres_25k_CVG.pdf

MKR_Maseres_25k_TotHGrad : Magnetic Total Horizontal Gradient colour image.

http://www.melkior.com/MKR_Maseres_25k_TotHGrad.pdf

MKR_Maseres_25k_TiltDrv : Magnetic Tilt-Angle Derivative colour image.

http://www.melkior.com/MKR_Maseres_25k_TiltDrv.pdf

MKR_Maseres_25k_Hgcxline : Cross-line Gradient.

htttp://www.melkior.com/MKR_Maseres_25k_Hgcxline.pdf

MKR_Maseres_25k_Hginline : In-line Grad

http://www.melkior.com/MKR_Maseres_25k_Hginline.pdf

Magnetic maps and their derivatives can be used to help define continuity of known geologic units. Transitions in magnetic properties usually reflect transitions in rock type or alteration, discontinuities may represent faults. Immediately north of the Maseres Project drilling by Aur Resources in 1998 (DF-98-01) established bedrock to be volcanic terrain, iron formation was reported in the drill core. The magnetometer and EM survey, conducted by Aur Resources, established formational continuity from DF-98-01 to the northwest for three kilometers, and six kilometers to the southeast, well into to the current boundaries of the Maseres Project. Thus, the northeastern corner of the Maseres Project was established as being part of the Urban-Barry Greenstone Belt in 1998. Melkiors VTEM survey has extended this formational magnetic and EM trend, the Urban-Barry Greenstone Belt, for an additional 10 kilometers, well into the central area of the Maseres Project.

Within the upcoming week additional VTEM maps will be released, and the discussion of relevance continued. Interested parties are invited to follow the discussion, review the VTEM survey maps and formulate their own opinions. Additional background and regional context on the Maseres Project can be gained through a review of Maseres Project news releases.

Melkior is of the opinion the Maseres Project may be situated in one of the most prospective gold rich, Bousquet Type, VMS environments Canada has ever seen. The scale is highly unique. This robust 12 km conductive trend is linked into a very intriguing 4 km by 6 km concentric magnetic anomaly with an outer robust conductive ring anomaly. A-horizon soil analysis in 2017 over a portion of the EM trend returned up to 121 ppb Au; 59 ppm Ag; 93 ppm Cu; 78 ppm Zn; 30 ppm Pb (NR September 17, 2017). The reader is reminded that the Maseres land package is about 12 km by 20 km of contiguous sole ownership. The anomalous trends are centered within the Maseres Project.

Wade Kornik, P.Geo., has approved the information contained in this release. Mr. Kornik is the Exploration Manager of the Company and is Qualified Person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD

Keith James Deluce, CEO

For more information, please contact:

Melkior Resources Inc.

E-mail: info@melkior.com

Tel: 705-267-4000

The reader is invited to visit Melkior's web site www.melkior.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.