Melkior Resources announced initial assay results from its 2026 winter drilling at the Carscallen Gold Project near Timmins, Ontario, confirming down-plunge continuity of gold mineralization in the 1010 South zone to about 280 meters depth. The first two drill holes showed significant gold grades, supporting the extension of known high-grade zones, with further assays pending from eight more holes. A fully funded surface exploration program is underway to refine targets and expand understanding of the property's gold system. These developments highlight the potential for resource expansion and new discoveries at Carscallen.
Melkior Resources' recent drilling results at the Carscallen Gold Property come as a backdrop to a Basic Materials sector where 18 of 62 US stocks rose and 42 fell on Pluang. Notable movers include CF Industries Holdings at USD 116.50 with a 1-day change of +1.76% and a typical hold time of 46 days, and MP Materials at USD 45.50 down 1.75% with a typical hold time of 11 days. This data is as of Oct 08, 2026 19:04 WIB.
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