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S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.04 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.27 +11.9% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.51 +1.2% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0% S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.04 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.27 +11.9% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.51 +1.2% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0%
Drill Results

Melkior drills 6.9 m of 77.4 g/t Au at Carscallen

By The Northwire Desk — AI Analysis Oct 06, 2025 · 16:13 MKR · 0.19 Melkior Resources Inc.
MKR · Price

Executive Summary

  • Melkior Resources announces a six‑hole, ~1,725 m follow‑up drill program at the Carscallen gold property targeting the 1010 zone and new Northwest prospect.
  • The program builds on a bonanza intercept from hole MKR‑24‑002 (77.4 g/t Au over 6.90 m, including 445 g/t Au over 1.20 m).
  • Additional drilling will test historic high‑grade zones (Zam Zam, Shenkman) and explore untested mineralized structures, potentially extending the strike length to ~1,500 m.

Key Details

  • Bonanza Intercept: Hole MKR‑24‑002 intersected 77.4 g/t Au over 6.90 m; within this, 445 g/t Au over 1.20 m at the 1010 South zone (Table 1).
  • Planned Program: Six holes, total ~1,725 m, focusing on:
  • Expanding strike and down‑dip continuity of the 1010 structural corridor (N‑NW‑S‑SE trend).
  • Testing new gold opportunities at the Northwest prospect (~500 m north of 1010 showings) with similar geophysical signatures.
  • Following up and expanding the Zam Zam and Shenkman zones (combined strike >800 m).
  • Historical High‑Grade Intercepts in Target Zones:
  • 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 the Ontario government; awaiting approval.
  • Northwest Prospect Details: Unexplored area with overlapping gold‑in‑soil anomalies, moderate‑high magnetics, and IP chargeability/resistivity signatures. Two shallow holes (MKR‑25‑05 & MKR‑25‑06) planned to ~250 m depth.
  • Qualified Person: Technical information reviewed and approved by Martin Ethier, P.Geo., consultant for Melkior and qualified under NI 43‑101.

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, Company Director.

Read the original news release →

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SEDAR Interim Financial Statements

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