Melkior Resources reported surface sampling results from its Carscallen Gold Project near Timmins, Ontario, showing high-grade gold mineralization with assays up to 661 g/t Au. The findings confirm widespread gold linked to quartz-sulphide veins and structural zones across multiple target areas, including 1010 North, 1010 South, and ZamZam zones. This supports a structurally controlled gold system with promising corridors for further exploration. Melkior plans detailed mapping, trenching, and drilling to refine targets and advance the project.
Melkior Resources' recent high-grade gold sampling results provide context for readers interested in precious metals exploration. For readers following the Basic Materials sector, here is Pluang's market snapshot as of Oct 20, 2026 18:11 WIB: Out of 83 priced US stocks, 21 rose and 58 fell. Notable movers include Cleveland-Cliffs Inc. (CLF) at USD 13.79 with a 1-day change of -2.20% and a Pluang order activity of 46% Sell / 54% Buy, i-80 Gold Corp. (IAUX) at USD 1.47 down 2.00% with balanced order activity, and AngloGold Ashanti Limited (AU) at USD 89.74 down 1.94% with 76% Sell orders and a typical hold time of 49 days on Pluang.
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