Drill Results
Melkior Announces Follow-Up Drilling on the Bonanza Gold Intersection at 1010 Zone with 77.40 g/t gold over 6.90 meters at the Carscallen Gold Property
MKR · Price
Executive Summary
- Melkior Resources announces a 6‑hole, ~1,725 m follow‑up drill program at the Carscallen Gold Property targeting expansion of the high‑grade 1010 Zone and testing the newly identified Northwest Prospect.
- Recent drilling (hole MKR‑24‑002) intersected an exceptional 77.4 g/t Au over 6.90 m, including 445 g/t Au over 1.20 m, underscoring the zone’s bonanza potential.
- The program also aims to extend historic Zam Zam and Shenkman zones (combined >800 m strike) and will drill two shallow holes (≈250 m) at the Northwest Prospect.
Key Details
- Program Scope: 6 holes, total ~1,725 m of core drilling.
- Primary Targets:
- Expansion of the 1010 Zone structural corridor (NNW‑SSE trend).
- New gold opportunities at the Northwest Prospect (~500 m north of 1010 showings).
- Further testing of Zam Zam and Shenkman zones (combined strike >800 m).
- Recent High‑Grade Intercept: Hole MKR‑24‑002 – 77.4 g/t Au over 6.90 m, including 445 g/t Au over 1.20 m (1010 South).
- Historical Notable Intercepts (for context):
- CAR‑19‑03A: 23.5 g/t Au over 8 m.
- CAR‑20‑05: 25.7 g/t Au over 6 m.
- CAR‑71‑2011: 5.1 g/t Au over 13.25 m.
- Drill Permit: Application filed with Ontario Government; awaiting approval.
- Planned Drill Hole Coordinates & Parameters (selected examples):
| Hole | East (U) | North (U) | Elevation (m) | Azimuth (°) | Dip (°) | Planned Depth (m) |
|---|---|---|---|---|---|---|
| MKR‑25‑001 | 451125 | 5357480 | 330 | 285 | 60 | 350 |
| MKR‑25‑002 | 451067 | 5357402 | 330 | 285 | 55 | 250 |
| MKR‑25‑005 (Northwest) | 450890 | 5358380 | 330 | 80 | 50 | 250 |
- Geophysical Rationale: Northwest Prospect exhibits overlapping gold‑in‑soil anomalies, moderate‑high magnetics, and IP chargeability/resistivity signatures analogous to known mineralised zones.
- Qualified Person: Technical information reviewed and approved by Martin Ethier, P.Geo., consultant for Melkior (NI 43‑101 QP).
Notable Quotes
“Following the excellent results from the recently completed drill campaign at Carscallen Property, the company is excited to announce follow‑up targets at 1010 Zone… This is an exciting exploration target not only to test high‑grade ore shoots at depth but also to probe a potential new zone that is largely untested by drilling.” – Keith James Deluce, Director, Melkior Resources
All non‑material boilerplate and forward‑looking disclaimer text omitted for brevity.
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Jun 24, 2026 · 07:00