Melkior Resources Inc.: Launay Quebec Gold Property Exploration.MONTREAL -- Melkior Resources Inc. (the "Corporation") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:MKR MKR Miljoner Kronor (Swedish money) MKR Magic Knights Rayearth (anime) MKR Magic Knights Rayearth MKR Marjorie Kinnan Rawlings (author of The Yearling) MKR Marker Radio Beacon ) has engaged Geologica Groupe Conseil Inc. ("Geologica"), a recognized geotechnical organization with extensive Abitibi Region experience, to undertake a complete evaluation of all previous data over Melkior's Launay property located in northern Quebec approximately 100km northwest of Val d'Or.A 43-101 standard report will be prepared.The Launay property covers 4677 hectares over the eastern portions of the Launay batholith batholith, enormous mass of intrusive igneous rock, that is, rock made of once-molten material that has solidified below the earth's surface (see rock). Batholiths usually are granitic (see granite) in composition, have steeply inclined walls, have no visible floors, which has been subject to several phases of shearing and alteration and contains a number of gold bearing zones characterized by silicification si·lic·i·fy v. si·lic·i·fied, si·lic·i·fy·ing, si·lic·i·fies v.tr. To convert into or impregnate with silica. v.intr. To become converted into or impregnated with silica. and disseminated pyrite mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. .The property hosts at least 6 gold occurrences which are described in Quebec government documents and reports from the Corporation. a) The Lode type mineralization occurs within shear and faults zones which contain numerous quartz-carbonate-shulphide veinlets, breccias and vein stockworks.This type of mineralization is found in Zone "Principale" and in Zone "53". b) Disseminated type mineralization occurs in the Launay felsic intrusive rocks where gold-bearing pyrite is disseminated in a massive intrusive phase rich in plagioclase feldspar plagioclase feldspar (plā`jēəklās'): see feldspar. ("albitite"); this type of mineralization is found in Zone "75". During 2004-2005 Melkior completed 109.5 kilometers of line cutting and magnetic surveying at Launay, and an additional 30 kilometers of surveys are now underway.Approximately 1000 soil geochemical samples have been gathered over a total of 75 kilometer of grid lines in the northern part of the property.These samples will be sent for analysis shortly.This work completes coverage of the entire property with these exploration methods. The entire claim group has also been recently covered by a detailed electromagnetic and magnetic survey. The Launay intrusion is a well known gold hosting unit and the recognized mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. stockwork presents an excellent exploration opportunity for bulk mineable mineralization in an area of well developed infrastructure.The Geologica report will be used to direct future gold exploration and development of the property. Melkior and its predecessor have owned the property since 1986. This news release has been prepared under the authority of Jens E. Hansen, P. Eng. who is a Qualified Person under National Instrument 43-101. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the ad equacy or accuracy of this release. MELKIOR RESOURCES INC. (TSX VENTURE:MKR) |
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