Melkior Acquires Three Claims in Tiblemont Township, Quebec
May 12 2014 - 10:57AM
Marketwired Canada
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Melkior Resources Inc.
Jens E. Hansen
President and CEO
613.721.2919
613.680.1091 (FAX)
info@melkior.com
www.melkior.com
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