Melkior Resources Inc TSXV:MKR announced drill results from its Carscallen Project west of Timmins. Assays include 2.1 g/t gold over 10.5 metres (including 4.35 g/t over 3.5 metres), 0.73 g/t over 9 metres (including 7.61 g/t over 0.5 metres), 1.4 g/t over 12 metres (including 7.88 g/t over 0.6 metres) and 3.5 g/t over 4.3 metres (including 22.7 g/t over 0.5 metres).
Melkior has approximately $4.1 million in cash, which permits the company to continue expanding the exploration program near Timmins. The Carscallen Project shares approximately 9 kilometres of common boundary with Lake Shore Gold Corp.
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by Ted Niles