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OTTAWA, ONTARIO--(Marketwired - Jan 15, 2016) - Melkior Resources Inc. ("Melkior") (TSX VENTURE:MKR)(OTC PINK:MKRIF)(FRANKFURT:MEK) (is pleased to announce the appointments of Sabino Di Paola, currently Melkior's Chief Financial Officer, as the new interim Chief Executive Officer and President, and Wayne Holmstead, P. Geo as the Exploration Manager, for the Company. The changes in management follows the retirement of Jens Hansen, P. Eng, current Chief Executive Officer and President of Melkior.
Wayne has recently supervised a drill program on Melkior's Timmins Carscallen property and is developing an important compilation and model for this key property.
Wayne is a graduate in Earth Sciences (Geology) from the University of Toronto. His extensive experience covers the complete geological and geophysical suite of exploration techniques with an emphasis on Ontario and Quebec. Positions include exploration for Majors and executive positions in junior companies with financial responsibility. His exploration work has led to the identification of significant exploration targets and the discovery of several mineral deposits including gold, molybdenum, base metals and Platinum Group Elements. He is experienced in traditional prospecting and geology as well as the latest digital techniques.
Melkior is adequately positioned in the current environment to continue its important exploration business.
Jens Hansen, P. Eng, CEO of Melkior stated, "Wayne's appointment brings important exploration talent to Melkior and emphasizes the Company's strong commitment to exploration in Ontario and Quebec. Melkior's key project, Timmins Carscallen will particularly benefit. With Sabino assuming the executive duties I will be able to devote my time to researching exploration opportunities in a depressed market. This provides more technical opportunity for the Company."
Jens Hansen will upon request be available to assist and advise on exploration matters and can assist in the identification of a permanent CEO.
The Board of Directors would like to thank Mr. Hansen for all his hard work and contributions to the Company.
The reader is invited to visit Melkior's new web site www.melkior.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.