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Melkior acquires 2 claims to bridge Big Marsh, Carscallen gold projects

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Melkior acquires 2 claims to bridge Big Marsh, Carscallen gold projects

Melkior Resources Inc. said Oct. 13 that it has agreed to acquire two claims totaling 14 units in Timmins, Ontario, bridging the Big Marsh and the Carscallen gold projects.

Consideration is C$5,000 and 100,000 shares, plus the grant of a 2% net smelter return royalty to the vendors.

This acquisition will allow Melkior to focus its exploration expenditures on the Carscallen project while simultaneously maintaining the Big Marsh claim group.

Both projects now form a contiguous block of 40 group claims, comprised of 274 claim units across 4,376 hectares.