Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Last C$0.02 CAD
Change Today 0.00 / 0.00%
Volume 0.0
MKR On Other Exchanges
As of 1:50 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

melkior resources inc (MKR) Snapshot

Previous Close
Day High
Day Low
52 Week High
12/4/14 - C$0.06
52 Week Low
04/16/15 - C$0.02
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield
Current Stock Chart for MELKIOR RESOURCES INC (MKR)

Related News

No related news articles were found.

melkior resources inc (MKR) Related Businessweek News

No Related Businessweek News Found

melkior resources inc (MKR) Details

Melkior Resources Inc., a junior mining exploration company, is engaged in the acquisition and exploration of mining properties in Canada. The company primarily explores for gold, nickel, copper, platinum group metals, chromite, and diamonds. It principal properly consists of the Carscallen Gold Project that comprises 104 claims covering 16.64 square kilometers and is located to the west of Timmins city, Ontario. Melkior Resources Inc. is headquartered in Ottawa, Canada.

melkior resources inc (MKR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$24.3K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$28.9K
Compensation as of Fiscal Year 2014.

melkior resources inc (MKR) Key Developments

Melkior Resources Inc. Announces Completion of an Analysis of Drilling Results on the Carscallen Property Adjoining Lake Shore in West Timmins

Melkior Resources Inc. announced the completion of an analysis of the drilling results on the Carscallen property adjoining Lake Shore in West Timmins. The drill sections were interpreted on 25 metre spacing. A complete compilation and interpretation of geophysical Induced Polarization coverage of Carscallen was undertaken by Exsics Exploration of Timmins. Of particular interest for future exploration are gold intersections below the Carleton granodiorite. Numerous veins extend within the granite. These appear to originate in the underlying volcanics where, to date, there has been limited drilling. Two holes of note are Car-80-2012, 51.7 g/t gold over 3.7 metres. This hole is 70 metres east of hole CAR-79-2012 which encountered 10 metres of 2.53 g/t gold coincident with a copper intercept of 3.55% Cu over 1.35 metres. These intercepts are at a vertical depth of approximately 500 metres below surface and approximately 150 metres below the Carleton granodiorite contact. A number of Induced Polarization chargeability anomalies remain to be explored. Of particular note is the gap between Jowsey and the Lake Shore boundary. A one kilometre long anomaly extending north from Jowsey has also not been explored. There is a 1,200 metre long north-south anomaly located between the Jowsey and 1010 gold zones with no exploration. Several other shorter features also require exploration. A short field program will be undertaken in May on 100% owned Melkior claims in Tiblemont Twp, 40 kilometres east of Val d'Or Quebec.

Melkior Resources Inc. Provides Progress on its Carscallen Gold Project

Melkior Resources Inc. provided progress on its wholly owned Carscallen gold project which is located approximately 25 kilometres west of the centre of Timmins Ontario and 5.5 kilometres west of Lake Shore Gold Corp.'s West Timmins Mine. Melkior's ongoing interpretive work and similarities of grade and vein morphologies in the Shenkman, Zam Zam and Jowsey gold zones, indicate that these zones are part of one larger mineralizing system. As these vein systems appear to be correlated with one another, the zones are being consolidated and renamed as the Jowsey Gold Zone. This is a mineralized corridor with a current strike length of approximately 675 metres. Between the Jowsey Gold Zone and the Aumo Showing, which straddles the Melkior - Lake Shore claim boundary, are approximately 880 metres of untested ground with high priority gold potential. Recent drilling by Melkior intersected 6.56 g/t Au over 1.8 metres located 20 metres from the Lake Shore boundary a deeper hole is planned at this location. This intercept coincides with a strong north south induced polarization ("IP") anomaly which trends north/northwest intersecting the Jowsey Gold Zone. IP chargeability signatures have often coincided with gold bearing vein systems due to the gold being present in association with pyrite mineralization. In effect, approximately 1.5 kilometres of a potentially gold mineralized corridor lies between the north portion of the Jowsey Gold Zone and the Aumo Showing (a historical shaft). The corridor may extend southward onto the Lake Shore property. Mineralization in the Jowsey Gold Zone occurs as discrete pyrite-quartz veins/stringers which contain 10 to 15% pyrite and are typically up to half a meter thick. These epigenetic vein systems exhibit a stacked, en echelon pattern that occurs within the granodiorite pluton and, in some cases, crosscut the granodiorite/mafic metavolcanic contact often becoming wider at depth. The wider zones extend into the mafic metavolcanics. The gold mineralization may also be influenced by late crosscutting carbonatized porphyry dikes which have been mapped in the southern portion of the Jowsey Gold Zone and appear to continue to the north as well. These vein systems are often repetitive by nature, adding to the potential of additional vein systems occurring at depth within the mafic metavolcanics similar to historic drilling which encountered wider intercepts with economic grades. Gold has been detected at other locations within the Carscallen property hence a complete surface exploration program is warranted. A first phase program of infill and deeper drilling on the Jowsey Gold Zone is currently being planned with drill holes targeted to validate the recent interpretation as well as to follow the vein systems at depth. This is designed to increase the potential resource. A second phase program of sectional drilling is being planned on the potentially mineralized area as interpreted from IP between the Aumo gold occurrence and the southern portion of the Jowsey Gold Zone. The drilling will be patterned to intersect the north south IP chargeability trend. In summary, the program currently being planned is recommended as follows: A complete reinterpretation of all surface and drill data. A deeper hole at the Aumo showing. Infill and deep drilling within the Jowsey Gold Zone. Sectional drilling on the 880 metre potentially mineralized trend between the Jowsey Gold Zone and Aumo showing. A comprehensive surface exploration program over the remaining property including the 1010 Gold Zones and Mystery showing.

Melkior Resources Inc. Intersects 6.56 g/t Au over 1.8 Meters, 20 Meters from Lake Shore Boundary

Melkior Resources Inc. announced an intersection of 6.56 g/t Au and 6.3 g/t Ag over 1.8 meters from 48.2 to 50.0 meters including 39.2 g/t Au and 36.3 g/t Ag over 0.3 meters from 48.5 to 48.8 meters in drill hole MKR-14-03 on the Aumo gold project which straddles the claim boundary between Melkior Resources to the North and Lake Shore Gold Corp. to the south. The drilling occurred on Melkior's Carscallen property which lies approximately 25 kilometres west of Timmins, Ontario and approximately 5.5 kilometres west of Lake Shore Gold's 144 Zones. Two short drill holes were drilled in late 2014 to test induced polarization chargeability conductors one of which coincided with the location of the historic Aumo gold shaft. The drill hole intercept in MKR-14-03 occurred approximately 38 meters vertically below surface and 40 meters north of the Aumo shaft. The second drill hole MKR-14-04, collared approximately 200 meters west of the first drill hole was designed to test an IP chargeability conductor and intersected a sulphide enriched silicified and carbonatized alteration zone within granodiorite with elevated gold responses. The intersection, while subeconomic, was encouraging enough to warrant further investigation as the grades within these alteration zones historically have been known to produce more economic grades with depth. The intercept in MKR-14-03 was surrounded by a sericitized and sheared alteration zone hosting a narrow quartz-pyrite-pyrrhotite veinlet within altered granodiorite and is believed to correspond to the historic Aumo shaft gold mineralization. The intercept further coincides with a strong north south induced polarization conductor which trends north approximately 500 meters then trends northwest for 450 meters to the Shenkman Zone. The current drilling on the Lake Shore boundary targeting Melkior Induced Polarization trends indicates possible continuity from Zam Zam south to the Lake Shore boundary and beyond. This underscores the potential of this area as fertile ground for gold exploration and mineralization along strike and at depth both north and south of the boundary. Melkior is continuing to advance interpretive work on the Zam Zam and Jowsey zones with the intent of correlating these vein systems with the Shenkman zone to the south. Planning for selective infill drilling in conjunction with discriminatory resampling of the historic drill core to validate the reinterpretation is continuing. The contents of this press release have been reviewed by Peter Caldbick, P.Geo, the Timmins area Project Manager for Melkior Resources Inc. and a Qualified Person as defined by National Instrument 43-101. The drill core was split and delivered to a commercial laboratory. Samples were submitted to Actlabs Laboratories in Timmins, Ontario. The processed samples were subjected to a standard fire assay and AA technique with gravimetric finish. Whole metallic assays were performed on samples containing visible gold. Check assays were also performed on pulps and rejects, as well, blanks, standards and duplicates were inserted into the sample stream. On each tray of 42 samples there are two blanks, three sample duplicates and two certified reference materials.


Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MKR:CN C$0.02 CAD 0.00

MKR Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for MKR.
View Industry Companies

Industry Analysis


Industry Average

Valuation MKR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 0.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MELKIOR RESOURCES INC, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at