Melkior 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
Head Office: 66 Brousseau Ave., Suite 207, Timmins, ON P4N 5Y2 Canada
Melkior 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 Trading Symbol: MKR
TSX Venture Exchange
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 N NW-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:
o CAR-19-03A: 23.5 g/t Au over 8 meters
o CAR-20-05 : 25.7g/t Au over 6 meters
o 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-albite-sericite altered stockwork breccia mineralisation on the surface. The gold zones
are often steep dipping (> 75 degrees) and exhibit pinch and swell attitude, reaching over 500m in length in a
northerly direction. The gold mineralisation with excellent gold grades has coincident strong alteration, structure-
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controlled magnetic zones that overlap with IP chargeability and resistivity. These typical geophysical responses
are common in most of the gold showings at the Carscallen Property.
In a north-south longitudinal section, the mineralisation at 1010 Gold Zone appears to be folded, where the 1010N
is plunging to the north while the 1010S has a low southerly plunge. Resent surface exploration work is focused
on testing new gold opportunities along strike 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.
Northwest Zone
The Northwest Zone is an unexplored area about 500 meters north of 1010 gold showings, characterized by
overlapping clusters of gold-in-soil anomaly, mod-high magnetics, and coincident moderate IP chargeability
and resistivity.
Two (2) shallow drillholes MKR-25 (05 – 06) at about 250m deep was planned to test the gold mineralization
potential in the area.
Figure 1: Overview of the Carscallen Gold Property near Timmins-Ontario.
Figure 2: Carscallen Drill Hole Map overlaid on Lidar Topography Image, highlighting known mineralized zones
from past drilling. The yellow box represents the priority area for exploration drilling.
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Figure 3: 3D Section showing the proposed drillhole trace in relation to gold veins and 3D-modelled gold grade
isograd (1.0 to 3,0 gpt Au) at the Carscallen Property.
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Figure 4: Drill Cross S ection highlighting the proposed drillhole in relation to recent drill intercepts from hole
MKR-24-002 relative to historical drilling at the 1010 Gold Zone.
Figure 5: Proposed Drill holes on IP Chargeability Map , which shows mineralised zones and gold assay
distribution from historic drilling.
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Table 1: Proposed Drill Collar Summary at Northwest Prospect and 1010 South Gold Zone.
Project Drill Hole East North Elevation Azimuth Dip Depth
Carscallen South MKR-25-001 451125 5357480 330 285 60 350
Carscallen South MKR-25-002 451067 5357402 330 285 55 250
Carscallen South MKR-25-003 451090 5357570 330 285 52 350
Carscallen South MKR-25-004 451080 5357480 330 285 47 275
NorthWest MKR-25-005 450890 5358380 330 80 50 250
NorthWest MKR-25-006 450810 5358530 330 80 50 250
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: [email protected]
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.