Melkior Resources Inc. (TSX-V:MKR) said drilling has started in the Shenkman zone to follow up on new discoveries at its flagship Carscallen project in Ontario.
The company said that it has budgeted 4,200 meters across three targets as part of the program, adding that the targets are being finalized to follow up on recent discoveries north of the ZamZam zone, and new targets around the Mystery zone.
"The Carscallen project has demonstrated the potential to be a high-grade gold system with continuity amongst numerous zones,” Melkior CEO Jonathon Deluce said in a statement. “We push to make that game-changing discovery hole with every drill program, and we are confident that we have the best partner to achieve this goal."
READ: Melkior Resources hits high-grade gold at the Carscallen project in Ontario
Carscallen is part of a joint venture with mining behemoth Agnico Eagle Mines, which is the program’s operator. The project is being advanced by Agnico Eagle Mines through a $110 million option/joint venture agreement.
Historical intercepts at Shenkman include 51.9 grams per ton (g/t) gold over 3.7 meters in 2012, 23.5 g/t gold over 8.0 meters in 2019 and 25.7 g/t gold over 6.0 meters drilled in 2020.
The current drill program will target areas immediately along strike and dip of these historical intercepts, according to Melkior.
Melkior is also advancing its Val D'Or, White Lake and Maseres projects.
Contact Angela at angela@proactiveinvestors.com
Follow her on Twitter @AHarmantas