Melkior Resources Inc. (TSX-V:MKR) announced that a drill has been secured for a first phase drill program at the Genex project in northern Ontario, which will begin in early October 2022.
The exploration-stage resource company said the drill program, which is targeting about 3,000 metres (m), will follow up on historical intercepts and expansion drilling along the Genex trend and new targets identified.
“We are very excited for our maiden drill program at Genex,” Melkior Resources CEO Jonathon Deluce said in a statement.
READ: Melkior Resources receives TSX Venture Exchange approval for Genex gold-copper project option deal
“Since optioning the project, we have been busy compiling all historical data into a 3D model of the zones, which supports the near-resource and expansion potential,” Deluce added.
Melkior noted its objective is to delineate a polymetallic open-pitable resource while targeting a near surface multi-lense massive sulphide source and gold enrichment trends.
It added that historical intercepts included 2.1 grams per tonne (g/t) gold equivalent over 33.9m.
In April 2022, Melkior announced an option agreement with International Explorers and Prospectors for the Genex gold rich volcanogenic massive sulfide (VMS) project, next to Melkior’s Carscallen project in the Timmins Camp.
The company also said an induced polarization (IP) program is planned on the newly-identified targets, which will be completed before the October drill program.
Melkior Resources is an exploration stage resource company with its flagship Carscallen project located 25 kilometres from Timmins, Ontario, being advanced by Agnico Eagle Mines through a $110 million option/joint venture agreement.
The firm is also focused on advancing its Val D’Or, White Lake and Maseres projects.
Contact Sean at sean@proactiveinvestors.com