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Melkior Drills 77.4 g/t Au over 6.9m in New High-Grade Gold Discovery at Carscallen, Including Project's Highest Grade Gold Interval of 445 g/t Au over 1.2m

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Melkior Resources has made a significant gold discovery at its Carscallen Gold Property near Timmins, Ontario. The company's winter drill program revealed exceptional results, with drill hole MKR-24-002 intercepting 77.4 g/t gold over 6.9 meters, including a remarkable 445 g/t gold over 1.2 meters - the highest-grade interval in the project's history.

The discovery occurred at the 1010 South Zone, approximately 1 km southwest of the previously successful Shenkman Zone. The mineralization shows strong structural control with steep dipping angles and extends along a 500m strike length. The gold zones are characterized by multiple shear-hosted quartz-sulphide veins and coincide with strongly altered magnetic zones.

Additional drill results include:

  • MKR-24-001: 2.58 g/t gold over 0.50 meters
  • MKR-24-003: 2.70 g/t gold over 0.80 meters and 1.26 g/t gold over 1.30 meters

Melkior Resources ha effettuato una scoperta significativa di oro presso la sua proprietà aurifera Carscallen vicino a Timmins, Ontario. Il programma di perforazione invernale dell'azienda ha rivelato risultati eccezionali, con il foro di sondaggio MKR-24-002 che ha intercettato 77,4 g/t di oro su 6,9 metri, includendo un intervallo straordinario di 445 g/t di oro su 1,2 metri - il più alto grado mai registrato nella storia del progetto.

La scoperta è avvenuta nella zona 1010 South, a circa 1 km a sud-ovest della zona Shenkman, già nota per i suoi successi. La mineralizzazione mostra un forte controllo strutturale con angoli di immersione ripidi e si estende lungo una lunghezza di 500 metri. Le zone aurifere sono caratterizzate da molteplici vene di quarzo-solfoidi ospitate da zone di taglio e coincidono con aree magnetiche fortemente alterate.

Ulteriori risultati di perforazione includono:

  • MKR-24-001: 2,58 g/t di oro su 0,50 metri
  • MKR-24-003: 2,70 g/t di oro su 0,80 metri e 1,26 g/t di oro su 1,30 metri

Melkior Resources ha realizado un importante descubrimiento de oro en su propiedad aurífera Carscallen cerca de Timmins, Ontario. El programa de perforación invernal de la compañía reveló resultados excepcionales, con el taladro MKR-24-002 interceptando 77,4 g/t de oro en 6,9 metros, incluyendo un intervalo notable de 445 g/t de oro en 1,2 metros, el de mayor ley en la historia del proyecto.

El descubrimiento se produjo en la Zona 1010 South, aproximadamente a 1 km al suroeste de la exitosa Zona Shenkman. La mineralización muestra un fuerte control estructural con ángulos de inmersión pronunciados y se extiende a lo largo de 500 metros de traza. Las zonas auríferas se caracterizan por múltiples vetas de cuarzo-sulfuro alojadas en cizallas y coinciden con zonas magnéticas fuertemente alteradas.

Resultados adicionales de perforación incluyen:

  • MKR-24-001: 2,58 g/t de oro en 0,50 metros
  • MKR-24-003: 2,70 g/t de oro en 0,80 metros y 1,26 g/t de oro en 1,30 metros

Melkior Resources는 온타리오주 팀민스 인근의 Carscallen 금광 부지에서 중요한 금 발견을 했습니다. 회사의 겨울 시추 프로그램에서 뛰어난 결과가 나왔으며, MKR-24-002 시추공은 6.9미터 구간에서 77.4 g/t 금을 확인했으며, 그 중 1.2미터 구간에서 445 g/t 금을 기록해 프로젝트 역사상 최고 등급 간격을 나타냈습니다.

이 발견은 이전에 성공을 거둔 Shenkman 구역에서 남서쪽으로 약 1km 떨어진 1010 South 구역에서 이루어졌습니다. 광물화는 급경사 구조 제어를 보이며 500m 길이의 주향을 따라 확장됩니다. 금 구역은 여러 개의 전단대 내 석영-황화물 광맥으로 특징지어지며 강하게 변형된 자기 영역과 일치합니다.

추가 시추 결과는 다음과 같습니다:

  • MKR-24-001: 0.50미터 구간에서 2.58 g/t 금
  • MKR-24-003: 0.80미터 구간에서 2.70 g/t 금, 1.30미터 구간에서 1.26 g/t 금

Melkior Resources a réalisé une découverte importante d'or sur sa propriété aurifère Carscallen près de Timmins, en Ontario. Le programme de forage hivernal de la société a révélé des résultats exceptionnels, avec le trou de forage MKR-24-002 interceptant 77,4 g/t d'or sur 6,9 mètres, incluant un intervalle remarquable de 445 g/t d'or sur 1,2 mètre – la teneur la plus élevée jamais enregistrée dans l'histoire du projet.

La découverte a eu lieu dans la zone 1010 South, à environ 1 km au sud-ouest de la zone Shenkman, déjà reconnue pour son succès. La minéralisation montre un fort contrôle structural avec des angles d'inclinaison raides et s'étend sur une longueur de 500 mètres. Les zones aurifères sont caractérisées par plusieurs veines de quartz-sulfures hébergées dans des zones de cisaillement et coïncident avec des zones magnétiques fortement altérées.

Les résultats supplémentaires des forages incluent :

  • MKR-24-001 : 2,58 g/t d'or sur 0,50 mètre
  • MKR-24-003 : 2,70 g/t d'or sur 0,80 mètre et 1,26 g/t d'or sur 1,30 mètre

Melkior Resources hat eine bedeutende Goldentdeckung auf ihrem Carscallen Goldgrundstück in der Nähe von Timmins, Ontario, gemacht. Das Winterbohrprogramm des Unternehmens ergab außergewöhnliche Ergebnisse, wobei das Bohrloch MKR-24-002 77,4 g/t Gold über 6,9 Meter durchteufte, darunter ein bemerkenswertes Intervall von 445 g/t Gold über 1,2 Meter – der höchstgradige Abschnitt in der Geschichte des Projekts.

Die Entdeckung erfolgte in der 1010 South Zone, etwa 1 km südwestlich der zuvor erfolgreichen Shenkman Zone. Die Mineralisierung zeigt eine starke strukturelle Kontrolle mit steil einfallenden Winkeln und erstreckt sich über eine Streichlänge von 500 m. Die Goldzonen sind durch mehrere scherengesteuerte Quarz-Schwefeladern gekennzeichnet und stimmen mit stark veränderten magnetischen Zonen überein.

Weitere Bohrergebnisse umfassen:

  • MKR-24-001: 2,58 g/t Gold über 0,50 Meter
  • MKR-24-003: 2,70 g/t Gold über 0,80 Meter und 1,26 g/t Gold über 1,30 Meter

Positive
  • New high-grade gold discovery with exceptional grades: 77.4 g/t Au over 6.9m
  • Highest-grade intercept in project history: 445 g/t Au over 1.2m
  • 100% ownership of Carscallen Gold Property
  • Multiple gold zones identified (1010, Zamzam, Jowsey, Shenkman) showing property-wide potential
  • Gold mineralization extends over 500m strike length
Negative
  • Limited drill program size (only 1,200 meters, 5 holes)
  • True width of gold intervals not yet established
  • Additional drilling required to confirm extension of mineralization

TIMMINS, ON, April 29, 2025 /PRNewswire/ -- Melkior Resources Inc. ("Melkior" or the "Company") (TSXV: MKR) (OTC: MKRIF) is pleased to announce it has discovered a new high-grade zone as the result of its 1,200 meter (5-hole) winter drill program at its 100% owned Carscallen Gold Property located about 25 kilometers west of the City of Timmins, Ontario. The drilling was focused on expanding the strike and down plunge of the N-S trend, 1010 gold-mineralized structural zone, and is located approximately 1 km southwest of the Shenkman Zone, where the Company previously identified 51.9 grams per ton (g/t) gold over 3.7 metres and 23.5 g/t gold over 8 metres.

Highlights :

-          DH MKR-24-002 intersected 77.4 g/t gold over 6.9 meters including 445 g/t gold over 1.2 meters at the 1010 South Zone (Table 1, Figures 2-5).

  • This represents a new high-grade gold discovery at depth of the 1010 South Zone
  • This is the highest metal factor (534 g/t) intercept in the Project's history.
  • The Company is in the process of planning follow-up holes to test the potential extensions of this high-grade intercept.

-          DH MKR-24-001 intersected 2.58 g/t gold over 0.50 meters.

-          DH MKR-24-003 intersected two zones 2.70 g/t gold over 0.80 meters and 1.26 g/t gold over 1.30 meters.

Jim Deluce, Company Director, commented: "I am thrilled by this discovery and the work completed this past winter at Carscallen Property. These results, the highest ever at the property, not only demonstrate the continuity of the high-grade vein system along strike and down-dip with the best drill intersections attained to date, but also the potential that Carscallen holds when drilling new zones."

Mr. Deluce continued: "The newly discovered bonanza grade mineralization at the 1010 Gold Zone, together with our high-grade gold prospects at Zamzam, Jowsey and Shenkman gold showings, truly attest to the upside potential of the area for significant mineral discoveries. Our next step is to review the intercept in more detail to determine follow-up holes to expand on this high-grade intercept. We look forward to our next drill campaign as we continue to develop Carscallen." 

1010 Gold Zone

The 1010 gold showings are characterized by multiple, anastomosing, shear-hosted, quartz-sulphide veins which are locally enveloped by silica-albite-sericite altered stockwork breccia mineralization in the surface. The gold zones are often steep dipping (> 75 degrees) and often exhibits pinch and swell attitude, reaching to over 500m strike length in a north trend direction. The high-grade gold mineralization is coincident strongly altered, structurally controlled magnetics zones which are overlapping with mod-high IP chargeability (conductors), and moderate resistivity. These classical geophysical signatures are typical in almost all of the gold showings at the Carscallen Property.

In a north-south longitudinal section, the mineralization at 1010 Gold Zone appears to be controlled by fold hinge structure where the 1010N is plunging to the north while the 1010S has a low southerly plunge. Current exploration is focused on testing new gold opportunities and expanding the well- developed gold-bearing mineralization outside the main Zamzam-Jowsey-Shenkman Zones, with additional high-grade ore shoots along series of repeating gold mineralized shears like the 1010 Zone. 

Figure 1: Overview of the Carscallen Gold Property near Timmins-Ontario.

Figure 1: Overview of the Carscallen Gold Property near Timmins-Ontario.

Figure 2: Carscallen Drill Hole Map overlaid on geological data, highlighting known mineralized zones and gold assay results from past drilling.

Figure 2: Carscallen Drill Hole Map overlaid on geological data, highlighting known mineralized zones and gold assay results from past drilling.

Figure 3: Core sample photo from Hole MKR-24-002 (Boxes 46 & 47), displaying high-grade gold intercepts over 6.9 meters (208.5–215.4 m) at 77.40 g/t, including 1.2 meters at 445 g/t. Inset A shows deformed smoky quartz-sulphide veins with visible gold veinlets in highly altered granodiorite/tonalite intrusive rock.

Figure 3: Core sample photo from Hole MKR-24-002 (Boxes 46 & 47), displaying high-grade gold intercepts over 6.9 meters (208.5–215.4 m) at 77.40 g/t, including 1.2 meters at 445 g/t. Inset A shows deformed smoky quartz-sulphide veins with visible gold veinlets in highly altered granodiorite/tonalite intrusive rock.

Figure 4: Long section highlighting the recent drilling intercepts from holes MKR-24-001, MKR-24-002, and MKR-24-003 relative to historical drilling at the 1010 Gold Zone.

Figure 4: Long section highlighting the recent drilling intercepts from holes MKR-24-001, MKR-24-002, and MKR-24-003 relative to historical drilling at the 1010 Gold Zone.

Figure 5: Carscallen Drill Hole on IP Chargeability (Conductor) Map which highlights known mineralized zones and gold assay distribution from historic drillholes.

Figure 5: Carscallen Drill Hole on IP Chargeability (Conductor) Map which highlights known mineralized zones and gold assay distribution from historic drillholes.

Table 1:  Selected drill hole assay intercepts (uncut) from 1010 Gold Zone. The True Width of the intervals has not yet been established by drilling.

Project

Drill Hole

From

To

Interval

Gold Grade (g/t)

Carscallen

MKR_24_001

62.5

63

0.5

2.6

Carscallen

MKR_24_002

208.5

215.4

6.9

77.5

Carscallen

MKR_24_002

213.5

214.7

1.2

444.7

Carscallen

MKR_24_002

253

256

3

1.4

Carscallen

MKR_24_003

123.9

124.7

0.8

2.7

Carscallen

MKR_24_003

142.3

143.6

1.3

1.3

Qualified Person

All technical information in this press release has been reviewed and approved by Martin Ethier, P.Geo. Mr. Ethier is a consultant for Melkior and a Qualified Person for the purposes of National Instrument 43-101.

About Melkior Resources

Melkior Resources Inc. is an exploration-stage resource company operating in world-class mining jurisdictions across Quebec and Ontario. The company is dedicated to advancing a portfolio of high-potential mineral properties with a primary focus on gold exploration.

Melkior's flagship projects include the Carscallen Project, the Beschefer East Project, the Genex Project and the Val-d'Or Project. These projects are strategically located in the Abitibi Greenstone Belt, known for hosting significant gold and base metal deposits.

ON BEHALF OF THE BOARD
Keith James Deluce, Director

For more information, please contact:
Melkior Resources Inc.
E-mail: info@melkior.com
Tel: 226-271-5170

The reader is invited to visit Melkior's web site www.melkior.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Photo - https://mma.prnewswire.com/media/2675652/Figure_1_Overview_of_the_Carscallen_Gold_Property.jpg
Photo - https://mma.prnewswire.com/media/2675653/Figure_2_Carscallen_Drill_Hole_Map.jpg
Photo - https://mma.prnewswire.com/media/2675654/Figure_3_Core_sample_photo_from_Hole.jpg
Photo - https://mma.prnewswire.com/media/2675655/Figure_4_Long_section.jpg
Photo - https://mma.prnewswire.com/media/2675656/Figure_5_Carscallen_Drill_Hole.jpg
Logo - https://mma.prnewswire.com/media/2675651/Melkior_Resources_Inc_Logo.jpg

 

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SOURCE Melkior Resources Inc.

FAQ

What gold grades did Melkior (MKRIF) discover in their April 2025 Carscallen drilling?

Melkior discovered exceptional gold grades of 77.4 g/t over 6.9 meters, including a record-high 445 g/t gold over 1.2 meters in drill hole MKR-24-002 at the 1010 South Zone.

Where is Melkior's (MKRIF) Carscallen gold property located?

The Carscallen gold property is located 25 kilometers west of Timmins, Ontario, featuring multiple gold zones including the 1010, Zamzam, Jowsey, and Shenkman zones.

How does the new MKRIF gold discovery compare to previous findings at Carscallen?

The new discovery represents the highest metal factor (534 g/t) in the project's history, surpassing previous notable intersections of 51.9 g/t gold over 3.7 metres and 23.5 g/t gold over 8 metres at the Shenkman Zone.

What are the characteristics of Melkior's 1010 gold zone mineralization?

The 1010 gold zone features multiple shear-hosted quartz-sulphide veins with silica-albite-sericite altered stockwork, steep dipping (>75 degrees), extending over 500m strike length with north trend direction.

What are Melkior's (MKRIF) next steps after the April 2025 gold discovery?

Melkior plans to review the high-grade intercept in detail and determine follow-up drill holes to expand on the discovery, with future drilling campaigns planned to develop the Carscallen property further.
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