Melkior Resources Launches 3,000‑Meter Drill Campaign at Carscallen Gold Property, Timmins

Melkior Resources Inc. Initiates Extensive Drill Program at Carscallen Property

Melkior Resources Inc. (TSX: MEL) announced that it has commenced a comprehensive drilling campaign at its Carscallen Gold Property in Timmins, Ontario. The company disclosed that the program will involve over 3,000 meters of drilling focused on the Bonanza Gold Zones of the 1010 and Zamzam‑Jowsey prospects.

Key Details of the Drill Program

Scope: More than 3,000 meters of drilling across multiple holes.
Target Zones: Bonanza Gold Zones within the 1010 and Zamzam‑Jowsey prospects.
Location: Carscallen Gold Property, Timmins, Ontario.

Context and Implications

Melkior Resources Inc. specializes in the acquisition and exploration of mining properties in Canada, with a focus on uranium, nickel, and gold. The initiation of this drilling program represents a significant step in the company’s efforts to delineate mineralization at the Carscallen site and to assess the economic potential of the identified gold zones.

The company’s recent stock price activity reflects ongoing investor interest, with the share price at CAD 0.15 on 22 April 2026, below the 52‑week low of CAD 0.10 set on 23 February 2026, yet well under the 52‑week high of CAD 0.28 recorded on 6 October 2025. The market capitalization stands at approximately CAD 8.55 million.