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Drill Results Routine +

Melkior Resources Completes Winter Drill Program and Launches Field Mapping and Prospecting Campaign at the Carscallen Gold Property in Timmins, Ontario

Melkior completes its winter drill program and launches field mapping and prospecting at the Carscallen gold property in Timmins, Ontario.

By The Northwire Desk — AI Analysis Jun 24, 2026 · 07:00 MKR · 0.12 Melkior Resources Inc.
Executive Summary
  • Melkior Resources completed a 10-hole, 3,136-meter winter drilling program targeting the 1010 North & South, Zamzam-Jowsey, and Northwest Prospect areas at its 100%-owned Carscallen Gold Property.
  • The company has initiated a fully funded, 2-3 month in-house geological field program focused on detailed mapping, surface sampling, and prospecting to expand known mineralized corridors and generate targets for the next drilling phase.
  • Assay results from the completed drilling program are expected in August 2026.
  • Historical high-grade intercepts (e.g., 77.4 g/t Au over 6.9 m) and ~95% metallurgical recovery underscore the project's exploration potential.
  • The Northwest Prospect represents a northern extension of the 1010 mineralized corridor with potential to extend the overall structural trend to over 1.5 km.
Material Impact
  • The news represents a routine follow-through on the April 2026 announcement to commence a 3,000-meter drill program.
  • Execution is on schedule, with drilling completed and field mapping launched immediately, demonstrating efficient capital deployment and management execution.
  • The update is positive but expected, as it merely confirms the completion of a previously announced program and sets the stage for August assay results.
  • No immediate price catalyst is present until the August assay release, but the progress validates the company's corridor-scale exploration strategy and maintains investor interest.
MKR · Price
Company Overview
  • Melkior Resources Inc. is a Canadian exploration company focused on advancing high-quality gold projects in the Abitibi Greenstone Belt.
  • Flagship project: Carscallen Gold Property, a 100%-owned ~47 km² property located ~25 km west of Timmins, Ontario.
  • The property features structurally controlled orogenic gold mineralization along NNW-SSE trending shear corridors, with historical high-grade intercepts and strong metallurgical recovery.
  • Additional projects include Beschefer East (option) in the Detour Gold Camp and Genex (option) in the West Timmins Gold Camp, both showing polymetallic potential.
Read the original news release →

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

Drill Results