Melkior Acquires Uranium Property Near Bancroftadmin
Melkior Resources Inc. has acquired by staking 20 claims covering 400 hectares in the Bancroft district of Ontario at a cost of approximately $4,000. The claims cover a series of uranium occurrences known as the Henderson uranium occurrences.
Historically these are described in Ontario Geological Survey Circular 23. Five radioactive dikes were studied by Henderson Uranium Mines Limited. On showing 3 a chip sample over 6ft returned 0.15% U308. Showing 4 is (pre-43-101) historically reported to consist of a 40ft wide sheared and brecciated zone with an exposed length of 150ft. A representative grab sample assayed 0.22% U308. Other samples assayed 0.33% and 0.65% U308.
Jens Hansen prospected the property with Mr. Henderson in the 1960′s. Hansen was at that time employed by the Atomic Energy of Canada Limited at the Chalk River nuclear research laboratory. Melkior will offer a 50% interest to Santoy Resources Inc at cost. Santoy and Melkior are 50-50 partners on the Otish uranium project.
Melkior acquired for $6,000 a 100% interest in 20 claims in the Cascallen Township, close to its West Timmins gold property at Timmins, Ontario. The property is subject to a 2% Net Smelter Royalty (NSR) payable to the staker and Melkior has the right to buy out the first 1% of the NSR for $1,000,000.
This news release has been prepared by Jens E. Hansen, P. Eng, President and Director of Melkior Resources Inc., and a Qualified Person under Article 43-101.
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 regulations. Melkior undertakes no obligation to publicly release the result of any revision of these forward-looking statements to reflect events or circumstances after the date they are made or to reflect the occurrence of unanticipated events.
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Jens E. Hansen, P. Eng, President Melkior Resources Inc. 613-721-2919 613-828-7268 (FAX) firstname.lastname@example.org
Source: MELKIOR RESOURCES INC.