Melkior Acquires Three Claims in Tiblemont Township, Quebec
May 12 2014 - 10:57AM
Marketwired
Melkior Acquires Three Claims in Tiblemont Township, Quebec
OTTAWA, ONTARIO--(Marketwired - May 12, 2014) - Melkior
Resources Inc. ("Melkior")
(TSX-VENTURE:MKR)(PINKSHEETS:MKRIF)(FRANKFURT:MEK) is pleased to
announce the acquisition of a 100% interest in 3 mineral claims in
Tiblemont Township located 43 km east of Val d'Or, Quebec. The
claims overlie a regional, wide, north-east trending, gold-bearing
shear Zone and have numerous quartz and gold rich boulders on
surface.
Melkior owns a 100% interest in 30 adjacent claims covering 480
hectares which have a work surplus of $262,235.07 from previous
work.
Melkior also owns 35 claims covering 560 hectares in Vauquelin
Township. These claims are located 25 kilometres southeast of the
Tiblemont block. The Vauquelin claims are due west of historical
small gold deposits named Bruell and Aurora.
The three new Tiblemont claims are being purchased for 200,000
common shares of Melkior and a 2% Net Smelter Return Royalty (NSR)
to the vendor with an optional buy back of 1% for $1,000,000. The
vendor also retains the right to exploit at his cost surface gold
(above bedrock) in overburden and residual rock from historical
mining. In this material Melkior retains a 2% NSR. The transaction
is subject to regulatory approval.
For the location of the new claims in relation to Melkior's
current properties, please refer to the map on Melkior's
website.
About Melkior:
Melkior is an exploration company with active gold exploration
projects in West Timmins, Ontario and Launay, Quebec.
Neither TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
This press release may contain
forward-looking statements that are subject to known and unknown
risks and uncertainties that could cause actual results to vary
materially from targeted results. Such risks and uncertainties
include those described in Melkior's periodic reports including the
annual report or in the filings made by Melkior from time to time
with securities regulatory authorities.
To view the map associated with
this press release, please visit the following link:
http://media3.marketwire.com/docs/May2014_Claims.pdf.
Melkior Resources Inc.Jens E. HansenPresident and
CEO613.721.2919613.680.1091info@melkior.comwww.melkior.com
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