Melkior Resources Inc. (TSX-V: MKR) has closed its private placement bringing the total gross proceeds from the offering to $6,059,502. The financing enables Melkior to advance and deepen its drilling on the wholly owned West Timmins Carscallen Gold property which adjoins Lake Shore Gold Corp. The Carscallen budget of about $3 million is planned. The funds will also be utilized on its 100% owned East Rim Nickel property for exploration and drilling. A budget of about $1.5 million is planned for East Rim.
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About Melkior:
Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds "Ring of Fire" areas of Ontario. Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.
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