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Melkior Resources 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
October 6, 2025 - TheNewswire - Timmins, Ontario – Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce an upcoming
About this update from Melkior Resources Inc.
[{"type":"text","content":"October 6, 2025 - TheNewswire - Timmins, Ontario – Melkior Resources Inc. (“Melkior” or the “Company”) (TSXV:MKR) (OTC:MKRIF) is pleased to announce an upcoming follow-up exploration drill program at the Carscallen Gold Property in Timmins. The 6-hole drill program has been designed with a total of approximately 1,725 meters to focus on expanding the strike and down-dip continuities of the NNW-SSE trend, 1010 Zone structural corridor, which includes testing new gold opportunities at the Northwest Prospect, all located about 25 kilometres west of the City of Timmins. Exploration Program Highlights Follow-up drilling on the discovery of a significant bonanza gold intercept extending the 1010 zone at depth, from hole MKR-24-002, which intersected 77.4 g/t gold over 6.90 meters, including 445 g/t gold over 1.20 meters at the 1010 South (Table 1, Figures 2-5). Maiden exploration drilling at the Northwest Prospect, an unexplored area 500m north of 1010 gold showings, which has the same geophysical magnetics and IP chargeability / resistivity signatures as gold mineralised zones at Carscallen Property. Drill holes are also being designed to follow up and expand the Zam Zam and Shenkman Zones, which together represent a combined strike length of over 800 metres. These zones have returned several notable historical intercepts, including: CAR-19-03A: 23.5 g/t Au over 8 meters CAR-20-05 : 25.7g/t Au over 6 meters CAR-71-2011 : 5.1 g/t Au over 13.25 meters The drill permit application for the proposed drilling was filed with the Ontario Government and is waiting for approval. Company Director, Keith James Deluce stated: “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. The 1010 structural-mineralised corridor, which includes the Northwest Prospect area, has the potential to extend over 1,500 m in length, like the Zamzam-Jowsey-Shenkman 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”. The 1010 Gold Zone The 1010 gold zone consists of multiple zones of anastomosing, shear-hosted, quartz-sulphide veins, which are locally enveloped by silica-alb...