Corrected: Melkior Announces Promising Grassroots Gold-Base Metal Discovery at Beschefer East

Core Insights - Melkior Resources Inc. has announced positive results from its winter drilling program at the Beschefer East Project, indicating significant exploration potential in an underexplored area [2][3] - The company has entered into an option agreement with SOQUEM Inc. to earn 100% ownership of the Beschefer East Project over three years [5] Drilling Program Details - The winter drilling program consisted of six holes totaling 1,050 meters, targeting previously untested areas of the property [2][3] - Each drill hole had a nominal depth of 175 meters, focusing on bio-geochemical gold-base metal anomalies [3] Geological Findings - Drilling intersected altered felsic intrusions, felsic volcanics, and mafic volcanics, with mineralized intersections localized at the contact of mafic and felsic volcanics along the Beschefer Trend [3] - A bio-geochemical sampling program identified five distinct gold-polymetallic anomaly targets with elevated concentrations of copper, lead, and zinc [4] Project Background - The Beschefer East Project covers 2,906 hectares and is located in a highly prospective region with geological similarities to Abitibi Metals' B26 deposit [5] - Historical drilling in the adjacent Beschefer Project has yielded high-grade gold results, indicating the area's potential [6] Initial Results - The initial drill results included significant intercepts, such as 5.1 g/t gold and 0.96% copper over 0.9 meters, confirming an 800-meter mineralized horizon [8] - The results will require further targeted drilling to assess the expansion potential of the new target [8] Quality Assurance - All drill cores were analyzed using standard fire assay procedures, with additional checks for samples yielding grades higher than 10 g/t Au [15]