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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 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

Executive Summary

Melkior Resources Inc. has announced a major high-grade gold discovery at its Carscallen Gold Property, located approximately 25 kilometers west of Timmins, Ontario. The company's winter drilling program, consisting of 1,200 meters across five holes, has yielded exceptional results including 77.4 g/t gold over 6.9 meters and the project's highest-grade gold interval of 445 g/t gold over 1.2 meters.

This discovery represents a significant milestone for Melkior's 100%-owned Carscallen property and demonstrates the potential for high-grade gold mineralization in this underexplored region near one of Canada's most prolific gold camps. The grades reported are exceptionally high by industry standards, with the 445 g/t gold intersection representing nearly 13 ounces per tonne, indicating potential for a world-class deposit.

The timing of this discovery is particularly significant for Melkior, as the company advances its exploration strategy in the Timmins gold camp. The new high-grade zone adds substantial value to the Carscallen property and positions the company for potential resource definition drilling and further exploration success. For the broader Timmins mining district, this discovery reinforces the area's continued potential for new gold discoveries despite decades of mining activity.

The exceptional grades and the discovery of a new high-grade zone suggest that Melkior's systematic exploration approach is yielding results that could transform the company's profile in the junior gold sector. With the winter drilling program complete, investors and industry observers will be watching for follow-up exploration plans and additional drilling results that could further define this promising new discovery.
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