Melkior Resources Confirms High-Grade Surface Gold Footprint at Carscallen; Surface Sampling Returns up to 661 g/t Au

Melkior Resources Inc. released preliminary surface sampling results from its Carscallen Gold Project on October 20, 2026. Assays were received for 133 of 178 surface rock samples, with grades returning up to 661.0 g/t Au. High-grade results are concentrated in the 1010 North, 1010 South, and ZamZam zones, confirming widespread gold mineralization associated with quartz-sulphide veining and deformation zones.

The company notes that 40 samples returned >1.0 g/t Au, 23 samples graded >10.0 g/t Au, and 10 samples exceeded 10 g/t Au from the 1010 South zone alone. Sampling methodology is identified as selective grab samples from outcrop exposures, meaning results are not representative of average grade or extent of mineralization. Assays remain pending for the balance of the surface sampling program.

Next steps include integrating this data with the 2026 winter drill campaign to refine the geological model, followed by detailed mapping, channel sampling, trenching, and stripping.

Melkior Resources Inc. (MKR) released an expected exploration update following up on October 8, 2026, drill results that confirmed down-plunge continuity at the 1010 Zone. The company’s surface sampling results are incremental, serving to validate the structural controls identified during drilling. These samples do not constitute a drill-defined resource and do not change the fundamental exploration status of the company.

The reliance on grab sampling limits the immediate geological significance, as these samples do not define true widths or continuity without follow-up drilling and channel sampling. No material financial impact or operational shift is indicated. The market has likely already priced in the ongoing exploration activity and the anticipated winter drill program.

Melkior Resources Inc. is a Canadian exploration company focused on advancing gold and polymetallic projects in the Abitibi Greenstone Belt. Its flagship asset is the 100%-owned Carscallen Gold Project, a 47 km2 property located 25 km west of Timmins, Ontario. The project features structurally controlled orogenic gold mineralization along NNW-SSE trending shear corridors. Historical highlights include 37 intercepts over 25 g/t Au, with a standout historical intercept at 1010 South of 77.4 g/t Au over 6.9 m (including 445 g/t Au over 1.2 m).

The company also holds options on the Beschefer East Project in Detour, Quebec, and the Genex Project in Timmins, Ontario. Both additional projects are in early exploration stages. Melkior Resources Inc. is entirely in the exploration phase with no producing assets or revenue.