Melkior Resources Inc announced that, through the strategic partnership with Agnico Eagle Mines Ltd (TSX:AEM), it has expanded the current drill program at its Carscallen project in northern Ontario to 6,100 metres (m).
The junior explorer said drilling to date has focused on targets within the Shenkman, ZamZam, Mystery and 1010 zones and the drill program is expected to finish by mid-October.
As of the end of August, 3,744m of drilling have been completed, according to the company.
READ: Melkior Resources reveals October drill program at the Genex project in Ontario
Melkior noted the Shenkman zone has the potential to deliver high-metal factor intercepts as seen in 2012, with 51.9 grams per tonne (g/t) gold over 3.7 meters, 2019 with 23.5 g/t gold over 8.0 meters, and 2020 with 25.7 g/t gold over 6.0 meters.
It added that the Phase 3 drill program was designed to follow up on the program conducted in the fourth quarter of 2021, which targeted the deep Shenkman zone and the North ZamZam extension.
As well, the company said additional targets have been drilled in the Mystery and 1010 zones, which were not assessed in the previous programs.
Melkior Resources is an exploration-stage resource company with its flagship Carscallen project located 25 kilometres (km) from Timmins, Ontario and about 6 km west of Pan American Silver’s West Timmins Mine, 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