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Thursday, 21st May 2009 (753 views)

Melkior Resources has released the results of its 2009 winter ground geophysics programme on the Carscallen gold project.

Located west of Timmins, Ontario, the wholly-owned property covers 1,342 hectares and shallow drilling has "revealed significant gold values over a strike length totalling approximately one kilometre".

The company announced that recent exploration work has identified "porphyry systems with gold-bearing quartz veining", which has geological similarities with recent discoveries by companies Lake Shore and West Timmins in the area.

A survey also detected new induced polarisation anomalies that extend the Zam-Zam zone and plans are in place to test them with a series of drill holes.

The Carscallen gold project is part of a portfolio of projects that junior exploration firm Melkior Resources owns in Quebec and Ontario.

In related news, Golden Hope Mines has released a progress report which it claims "further demonstrates the great potential" of its Timmins gold deposit in south-eastern Quebec.

 

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