Ankündigung • Apr 21
Melkior Resources Inc., Annual General Meeting, Jun 25, 2026 Melkior Resources Inc., Annual General Meeting, Jun 25, 2026. New Risk • Feb 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.89m market cap, or US$3.59m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Ankündigung • Feb 25
Melkior Resources Inc. announced that it expects to receive CAD 0.65 million in funding Melkior Resources Inc. announced a private placement to issue 5,416,666 flow-through units at an issue price of CAD 0.12 for gross proceeds of CAD 649,999.92 on February 24, 2026. Each FT unit will comprise of one flow-through share and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at a price of CAD 0.20 per warrant share for a period of two years from the date of issuance. Certain directors and officers of the company may participate in the private placement. The company may pay a finder's fee in connection with the FT offering to eligible arm's-length finders in accordance with the policies of the TSX Venture Exchange. All securities issued under the FT offering are subject to the company's filing requirements with the exchange and all securities will be subject to a four-month statutory hold period following closing. New Risk • Jan 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.5m free cash flow). Earnings have declined by 0.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.29m market cap, or US$4.52m). New Risk • Nov 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.06m market cap, or US$4.31m). New Risk • Oct 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 17% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.85m market cap, or US$6.35m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Recent Insider Transactions • Oct 06
Independent Director recently bought CA$233k worth of stock On the 3rd of October, Keith Deluce bought around 1m shares on-market at roughly CA$0.19 per share. This transaction increased Keith's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$136k more in shares than they have sold in the last 12 months. New Risk • Jun 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.38m market cap, or US$4.64m). Ankündigung • Jun 14
Melkior Resources Inc. announced that it has received CAD 1.699999 million in funding On June 13, 2025, Melkior Resources Inc., closed the transaction. The transaction has been oversubscribed. The company will issue 4,175,993 hard dollar units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 626,398.95 and 6,606,770 flow-through common shares at an issue price of CAD 0.1625 per FT Share for gross proceeds of up to CAD 1,073,600.13, aggregate gross proceeds of CAD 1,699,999.08. The company paid finder’s fees of CAD 76,470.51 cash and 408,434 finder’s warrants. Norman Farrell, a director of the company, purchased 300,000 FT shares in the FT 0ffering. The Offering remains subject to the final approval of the Exchange. Ankündigung • May 13
Melkior Resources Inc. announced that it expects to receive CAD 1.485455 million in funding Melkior Resources Inc. announced a Non-brokered private placement to raise up to CAD 1,485,454.575 on May 12, 2025. The company will issue 3,600,000 hard dollar units at a price of CAD 0.15 per Unit for gross proceeds of up to CAD 540,000 and 5,818,182 flow-through common shares at an issue price of CAD 0.1625 per FT Share for gross proceeds of up to CAD 945,454.575; aggregate gross proceeds of CAD 1,485,454.575. With respect to the Hard Dollar Offering, each Unit will consist of one common share and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one additional Share at a price of CAD 0.22 per Warrant Share for a period of two years from the date of issuance. The Company may pay a finder’s fee in connection with the Offering to eligible arm’s length finders in accordance with the policies of the TSX Venture Exchange. All securities issued under the Offering are subject to the Company’s filing requirements with the Exchange, and all securities will be subject to a four-month statutory hold period following closing. New Risk • May 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.3m free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.74m market cap, or US$4.15m). Ankündigung • Apr 30
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 Melkior Resources Inc. announced it has discovered a new high-grade zone as the result of its 1,200 meter (5-hole) winter drill program at its 100% owned Carscallen Gold Property located about 25 kilometers west of the City of Timmins, Ontario. The drilling was focused on expanding the strike and down plunge of the N-S trend, 1010 gold-mineralized structural zone, and is located approximately 1 km southwest of the Shenkman Zone, where the Company previously identified 51.9 grams per ton (g/t) gold over 3.7 metres and 23.5 g/t gold over 8 metres. Highlights: DH MKR-24-002 intersected 77.4 g/t gold over 6.9 meters including 445 g/t gold over 1.2 meters at the 1010 South Zone. This represents a new high-grade gold discovery at depth of the 1010 South Zone. This is the highest metal factor (534 g/t) intercept in the Project's history. The Company is in the process of planning follow-up holes to test the potential extensions of this high-grade intercept. DH MKR-24-001 intersected 2.58 g/t gold over 0.50 meters. DH MKR-24-003 intersected two zones 2.70 g/t gold over 0.80 meters and 1.26 g/t gold over 1.30 meters. 1010 Gold Zone: The 1010 gold showings are characterized by multiple, anastomosing, shear-hosted, quartz-sulphide veins which are locally enveloped by silica-albite-sericite altered stockwork breccia mineralization in the surface. The gold zones are often steep dipping (> 75 degrees) and often exhibits pinch and swell attitude, reaching to over 500m strike length in a north trend direction. The high-grade gold mineralization is coincident strongly altered, structurally controlled magnetics zones which are overlapping with mod-high IP chargeability (conductors), and moderate resistivity. These classical geophysical signatures are typical in almost all of the gold showings at the Carscallen Property. In a north-south longitudinal section, the mineralization at 1010 Gold Zone appears to be controlled by fold hinge structure where the 1010N is plunging to the north while the 1010S has a low southerly plunge. Current exploration is focused on testing new gold opportunities 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. Ankündigung • Jan 20
Melkior Resources Inc., Annual General Meeting, Mar 27, 2025 Melkior Resources Inc., Annual General Meeting, Mar 27, 2025. Ankündigung • Jan 27
Melkior Resources Inc., Annual General Meeting, Mar 28, 2024 Melkior Resources Inc., Annual General Meeting, Mar 28, 2024. Ankündigung • Dec 28
Melkior Resources Inc. announced that it has received CAD 0.46636 million in funding Melkior Resources Inc announces it has closed private placement of 2,914,750 flow-through units at an issue price of CAD 0.16 per FT Unit for gross proceeds of CAD 466,360 on December 28, 2023. Each Unit consists of one flow-through common share of the Company and one-half of a common share purchase warrant. Each whole Warrant entitles the holder thereof to acquire one additional common share of the Company at a price of CAD 0.25 per Warrant Share until December 22, 2025.The company paid finder's fees CAD 22,400 and 140,000 finders’ warrants exercisable for a period of 24 months at an exercise price of CAD 0.18. All securities issued under the Private Placement will have a hold period of four months and a day from closing. New Risk • Nov 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.08m market cap, or US$2.98m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Aug 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (CA$6.58m market cap, or US$4.95m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (30% increase in shares outstanding). Ankündigung • Jun 28
Melkior Resources Inc. announced that it has received CAD 0.803266 million in funding On June 27, 2023, Melkior Resources Inc. closed the transaction. The company raised a total of CAD 803,266 in the transaction. The company received its second and final tranche. The company received CAD 144,000 in the tranche. Ankündigung • Jun 08
Melkior Resources Inc. announced that it expects to receive CAD 0.75 million in funding Melkior Resources Inc. announced a non-brokered flow-through and non-flow-through private placement for the gross proceeds of CAD 750,000 on June 6, 2023. The Private Placement will be Flow-Through Share issued at a price of CAD 0.24 per common share and non flow-through common shares issued at a price of CAD 0.20 per common share. The transaction is subject to approval of TSX Venture Exchange. All securities issued under the Private Placement will have a hold period of four months and a day from closing. The Company does not intend to issue finders’ fees on this financing. Two directors of the Company has committed for the financing of CAD 298,000. Ankündigung • Jan 18
Melkior Resources Inc. announced that it has received CAD 0.65 million in funding On January 17, 2023, Melkior Resources Inc. closed the transaction. The company issued 156,500 common shares at an issue price of CAD 0.20 per share for the gross proceeds of CAD 31,500 and is subject to TSXV exchange approval. Ankündigung • Dec 30
Melkior Resources Inc., Annual General Meeting, Feb 24, 2023 Melkior Resources Inc., Annual General Meeting, Feb 24, 2023. Ankündigung • Nov 25
Melkior Resources Inc. Announces Rushed Results from the First Drill Hole At the Genex Project Melkior Resources Inc. announced rushed results from the first drill hole at the Genex Project. GEN-22-01 intersected 2.23 g/t Au Eq over 24.5 metres (0.24 g/t Au, 1.15% Cu, 0.52% Zn & 3.92 g/t Ag), including 3.69 g/t Au Eq over 7.78 metres (0.32 g/t Au, 2.29% Cu & 5.24 g/t Ag), successfully extending the Genex Shaft Zone 50 metres to the northeast. On April 21st, 2022, the Company announced an option agreement for the Genex Project to earn 100% over 7 years from International Explorers & Prospectors Inc. The Genex Project is an advanced gold-copper polymetallic VMS exploration target with significant near-term resource potential. GEN-22-01 was drilled as a step-out hole to test the immediate extension of the historical H Zone at a vertical depth above 50 metres. In that area, the brecciated mafic to intermediate volcanic rocks, as much as felsic volcanoclastic, are strongly affected by a black chlorite alteration. The disseminated polymetallic mineralization takes the form of disseminated grains and stringers. Additionally, a semi-massive chalcopyrite vein was intercepted from 33.72 to 34.18 metres with grades of 16.4 % copper and 1.46 g/t gold over 0.46 metres. The field program was run by SL Exploration, and the drill core was split with half sent to AGAT in Timmins, ON, and fire assayed with an AA, with any samples over 10 g/t being assayed with gravimetric finish. Whole metallic assays are performed on samples if they contain visible gold. Additionally, for base metals, Metals Package by 4 Acid Digest, ICP-OES Finish was used with over limits tested by 4-Acid dilution testing. Duplicates, standards, and blanks were inserted into the sample stream. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. CEO & Director Jon Deluce was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Oct 29
Melkior Resources Inc. Announces Genex 3D Model and Phase 1 Drill Targets Melkior Resources Inc. announced the completion of the first 3D model of gold-base metal mineralization historically drilled at the Genex Project. Genex hosts gold-rich volcanogenic polymetallic mineralization, with comparable targets primarily located in the Rouyn-Noranda area. The model concludes the compilation of historical assays from different sources, some from the public domain and other supplied by International Explorers and Prospectors, IEP. Melkior completed the essential data organization and integration steps before going ahead with a first drill program. Based on this compilation, the Company completed a first preliminary geological interpretation for drill planning. Strong targets support a first drill phase of 3,000 metres currently underway. Drilling commenced in early October, with approximately 1,500 metres completed to date, and first batches of samples have been delivered to the lab. Phase 1 of Drill Program: Phase 1 includes 14 holes over approximately 1,800 metres of drilling. These holes are designed to infill areas within the historical Genex Mine and test extension targets focusing on the area south of the historical zones. This southern limit drilling will target extending historical results such as 1.96 g/t Au Eq over 39.0 metres (0.20 g/t Au, 1.17% Cu & 0.14% Zn) from hole IG-17-09 and 2.36 g/t Au Eq over 26.8 metres (1.27 g/t Au, 0.18% Cu, 1.34% Zn & 4.7 g/t Ag) from hole IG-17-12. 3D Model Details: Melkior has assumed the supplied drilling information represents the Project's integral historical database, with approximately 330 holes collared on the Property for a total of approximately 69,000 metres. Of this historical drill data, 150 holes representing about 50,000 metres have assay data recorded. The total assay length is 8,109 metres; The spacing between holes is variable, ranging between 20 to 200 metres; During the data integration exercise, key geological features such as lithological contacts, alteration, fracturing and brecciation were coded from drill journals and integrated into the database; The 3D model is the first tool to capture the spatial distribution of gold, copper, zinc and silver assays. This pre-drilling exercise was built around the calculation of gold equivalent factor weighting the grade of each metal in accordance with fixed metal prices; The model shows three main mineralized clusters over approximately 500 metres along a north-south trend. Mineralization is connected to a vertical depth of 300 metres, limited by historical drill coverage; According to the geological model, the maximum down dip extension of the drilled mineralized stratigraphy is also about 300 metres; Gold equivalent grades are based on the following metal prices: gold USD 1,600 per oz, zinc USD 1.35/lb, copper USD 3.35/lb, and silver USD18.0 per oz. Metal recoveries of 100% are applied in the gold equivalent calculation. Gold Equivalent values (AuEq) were calculated using the formula AuEq = ((USD 1600 x Au g/t ÷ 31.104) + (USD 18.0 x Ag g/t ÷ 31.104) + (USD 3.35 x % Cu ÷100 x 2204.63) +(USD 1.35 x % Zn ÷100 x 2204.63)) ÷ USD 1600 x 31.104. Ankündigung • Sep 29
Melkior Resources Inc. Announces 3,000 Metres Drill Program At Genex Melkior Resources Inc. announced that a drill has been secured for a first phase drill program at the Genex Project, which will commence in early-October. This first phase of drilling will follow up on a series of historical intercepts, which includes 2.12 g/t Au Eq over 33.85 metres (1.14 g/t Au, 0.45% Cu & 0.58% Zn) in drill hole IG-20- 21 and 1.96 g/t Au Eq over 39.0 metres (0.20 g/t Au, 1.17% Cu & 0.14% Zn) in drill hole G17-09 within the main Genex Zone. Additionally, a series of satellite and extension targets have been identified to the north and northeast of the main zone based on over 300 surface holes compiled from different sources. Available geological data is under review to produce a geological interpretation and an initial 3D model of targets. To help define these new targets, the geophysical coverage will be extended up to 1km around the Genex historical deposit area to test the ultimate target footprint. On April 21st, 2022, the Company announced an option agreement for the Genex Project to earn 100% over 7 years from International Explorers & Prospectors Inc. The Genex Project is an advanced gold-copper poly-type VMS exploration target with significant near-term resource potential. The zones have been historically interpreted over approximately 300 metres wide with a sub-vertical dip. Historical drilling completed along strike and across inside 500 metres of a strongly altered volcanic sequence revealed satellite gold-copper mineralization that proves the expansion potential of the system. Drill Program The drill program will commence in early October, and the Company is targeting a program size of approximately 3,000 metres. The program will consist of follow-up on historical intercepts and expansion drilling along the Genex trend and new targets identified. Since optioning the Project, the Company has systematically evaluated all historical data and built a central database. The exploration team has completed: Compiled database of historical drilling to build a 3D model of the zones; 3D model has been evaluated in detail to determine the structure and identify high-priority expansion Targets; Property wide collection and database incorporation of all geophysical data; Review of historical logs to model alteration patterns and structural trends as proximity indicators for mineralized systems; Planned an IP program on newly identified targets which will be completed prior to the October drill program. Ankündigung • Jun 15
Melkior Resources Inc. Announces Commencement of 4,200M Drill Program at Carscallen Melkior Resources Inc. announced an update on its drilling commencement for the $110 million strategic investment and partnership with Agnico Eagle Mines (Previously Kirkland Lake Gold) at the Carscallen Project located approximately 25 kilometres southwest of Timmins Ontario. This program is being operated by Agnico Eagle Mines (Operator) under the option /joint venture announced on Sept. 28, 2020. As of May 2022, there was approximately $1.2 million of work commitment left to be spent by September 2022 to meet the minimum commitment. Drilling at the Project is currently underway, with a minimum of 4,200 meters budgeted over this summer program. Details of the drill targets will be provided in a subsequent news release, but the program will start by targeting the Shenkman Zone, which has the potential to deliver high-metal factor intercepts as seen in 2012 with 51.9 g/t gold over 3.7 meters, 2019 with 23.5 g/t gold over 8.0 meters and 2020 with 25.7 g/t gold over 6.0 meters. This drill program will target areas immediately along strike and dip of these strong historical intercepts. This drill program will also target the area north of the ZamZam Zone to follow-up on recent intersected high-grade values in an under-drilled area up to 300 meters north of the current surface trenching. CAR-21-18, collared approximately 50 meters northwest of the ZamZam/Jowsey Zone, intersected 6.88 g/t gold over 1.5 meters from 384.5 to 386 meters, including 19.6 g/t gold over 0.5 meters from 385.5 to 386.0 meters. Drill hole CAR-21-19, collared 300 meters north of CAR-21-18, intersected 5.84 g/t gold over 1.5 meters from 400.0 to 401.5 meters including 16.1 g/t Au, 83.6 g/t Ag, 0.33% Cu and 0.23% Zn over 0.5 meters from 401.0 to 401.5 meters. Both vein intersections in drill holes CAR-21-18 and CAR-21-19 are interpreted to be the same vein system, with CAR-21-18 intersected at approximately 280 meters vertically below surface and CAR-21-19 at approximately 300 meters vertical. In addition, with multiple vein intersections in CAR-21-18, these intercepts open this 300-meter gap between the two drill holes for additional drill testing and extends the ZamZam/Jowsey Zones by 350 meters, which is open to the north. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. CEO & Director Jon Deluce was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Jan 26
Melkior Reports Surface Exploration Results At Val d'Or Property Melkior Resources Inc. announced results from its 2021 work program on the Val d'Or Property, located in the Abitibi region of Quebec. To date, multiple drill targets have been defined on the southern part of the Property to further test the Bruell showings extensions and follow-up previously defined anomalies. A second part of the exploration work consisted of a surface exploration survey that followed up on anomalies defined in a 2020 survey. The follow-up program indicates strong targets for additional work in 2022 that is expected to confirm the location of trenching and additional drill targets. In 2021, the Company completed two distinct exploration programs on the Property. The first program consisted of a drill program testing the western extensions of the Bruell series of showings, located just east of the Property. The program successfully followed-up on historical gold, zinc and silver anomalies and extension of the mineralized structural features. An additional review will be completed to add new targets on multiple geophysical anomalies (magnetic high and lows; conductors and polarisable anomalies) that are untested in the central and western area of the IP grid since previous work focused on the eastern section. The second work program of 2021 consisted of soil sampling and prospecting to follow-up on anomalies generated during the first surface exploration program completed in 2020. A total of 47 soil samples (on 74 visited sampling locations) and 18 rock samples were taken. The survey results further define the 4 targets located on the Property. Ankündigung • Dec 30
Melkior Resources Inc. announced that it has received CAD 0.84 million in funding On December 29, 2021, Melkior Resources Inc. closed the transaction. The company issued 2,100,000 flow-through common shares for gross proceeds of CAD 840,000. Ankündigung • Dec 17
Melkior Resources Inc. announced that it has received CAD 0.86 million in funding Melkior Resources Inc. announced a non-brokered private placement to issue flow-through common shares at a price of CAD 0.40 for gross proceeds of CAD 860,000 on December 16, 2021. The transaction will include participation from two directors for CAD 640,000. The transaction is subject to final TSX Venture Exchange Approval. The company does not intend to issue finders’ fees on this financing. All securities issued under the private placement will have a hold period of four months and a day from closing. Ankündigung • Aug 12
Melkior Resources Inc. Announces Carscallen Summer Program and September Drill Restart Melkior Resources Inc. announce an update on its summer exploration and drill plans for the $110 million strategic investment and partnership with Kirkland Lake Gold at the Carscallen Project located approximately 25 kilometres southwest of Timmins Ontario. This program is being operated by Kirkland Lake Gold ("Operator") under the option /joint venture announced on Sept 28,2020. Melkior announced a summer field program underway at Carscallen. The program includes a closely spaced soil sampling program (12.5m spacing compared to historical 50m spaced) designed to be completed in two phases. This sampling will expand on prior programs to target additional anomalies in proximity to the current mineralization. A ground gravity survey is currently being designed with five lines (200m spacing) to test the effectiveness of outlining the granodiorite/mafic volcanic contact at depth along the east side of the large intrusion. The goal will be to use the gravity survey to assist with creating a 3-D model of the granodiorite body to assist with drill targeting extensions to the known mineralization. Drilling is expected to resume during September 2021, with a minimum 3,000 meters currently budgeted for the remainder of the year. Details of the drill program will be provided on commencement. Ankündigung • Jun 17
Melkior Resources Inc. Begins Surface Exploration Work on Its Val D'or Property Melkior Resources Inc. announced that it has begun surface exploration work on its Val d'Or Property ("the Property"). The purpose of the survey is to follow up on the 2020 till sampling anomalies and targets. The survey includes follow-up soil sampling and prospecting on all targets except: Target 2 will be subject to prospecting only; and Target 4 due to the lack of outcrops and the pending drill results from the previous drill campaign completed on the Property. Below are details on each target and a map showing their specific location. The Company will report exploration results once the survey is complete. Target 1 is situated in the western area of the Property and could be an anomaly associated with intrusion- related gold mineralization. This target is generated using multiple till samples that are anomalous in different elements including: Au, Ag, As, Te, Mo, Pb, Sb, Bi, Sn, and W. The Company has added 13 new claims (746.2 ha) to the Property to ensure it covers the potential source of this anomaly. The source is expected to come from the granodiorites located just north of that area, and the unit already includes a gold showing in similar geological context to what is expected to be the source of the anomaly (the Jenson showing is grading at 6.7 g/t Au - Gariepy, 1988) and is hosted in intrusions, approximately 3-4km NE of the anomaly and outside of the Property). Target 2 could be the source of an anomalous area in gold that is located in the northern part of the Property and is spatially close to a silver discovery made by the exploration team in 2020: 0.45 oz per ton of silver assayed in a metric sized boulder. The 2m x 1m boulder indicates that the source of the anomaly may be located close-by. The target also includes anomalies in Mo, Se, Hg and Bi. Target 3 is related to a high gold anomaly (277 ppb Au) in till and is located in the North-East area of the Property. This anomaly is also associated with Ag and W. The Company has multiple claims up-ice from the anomaly and will further inspect the suspected source of the anomaly. Target 4 is defined by gold pathfinder anomalies in soil samples. It is also located in the western extension of a magnetic anomaly where the Bruell showing is located (240m east of the Property). The 1,449m drill campaign was completed on an IP grid that generated multiple conductor and chargeable anomalies. Target 5 is an Au and Te anomaly in till about 600m north of the Lac-Poissant-Nord showing. The showing reported 1.0g/t Au over 1.0m in hole 465-07-88 in quartz veins intersecting a silicified granodiorite (Morin et al, 1988). Target 6 is a Ag, As, Mo and Sb anomaly corridor that is parallel to the glacial drift direction. Target 7 is a Ag, Cu, Pb and Sn anomaly in till. It is located on a high magnetic area. Ankündigung • Jun 09
An unknown buyer acquired IR Battery Resources and Processing Inc. for $1 million. An unknown buyer acquired IR Battery Resources and Processing Inc. for CAD 1 million on June 8, 2021. The consideration was paid in cash. Melkior before the sale, held 600,000 shares in IR Battery at a fair value of $300,000
An unknown buyer completed the acquisition of IR Battery Resources and Processing Inc. for $1 million on June 8, 2021. Ankündigung • May 13
Melkior Resources Inc. Announces Final Carscallen Drill Results Melkior Resources Inc. announced the full results from 5,618.0 meters of drilling and its’ renewed drill permit on the Carscallen Gold project located approximately 25 kilometers southwest of Timmins Ontario. Drill Permit: Melkior announced a new drill permit has been awarded for the Carscallen Project, which significantly expands the prior permit that required us to cut the 6,600m drill program short. The newly permitted holes can be seen below: The proposed holes target the following: Group 1: These target infill drilling to connect the Zam Zam and Shenkman Zones in line with Melkior’s goal of working towards a maiden resource. Group 2: This drilling targets following up on the 250-meter step-out discovery hole of 5.63gpt over 9.5m (CAR-20-06). Group 3: This drilling is focused on exploring the property-wide gold trend/target of 2.6km. Final Drill Program Highlights: The Carscallen gold project lies within the township of Carscallen, approximately 25 kilometers southwest of Timmins, Ontario. It is comprised of 295 claim units covering 47 square kilometers with 100% ownership by Melkior. The drill program consisted of 5,618 meters. Ankündigung • Mar 18
Melkior Commences 1,500M Drill Program at Val D'Or Melkior Resources Inc. announced that drilling on selected targets of the Val-d'Or Property has commenced. Following the completion of an IP survey on the western strike extension of the Bruell showing (located 240m east of the Property) and an airborne high resolution MAG survey, the Company has defined multiple targets for its maiden drill program that target a source of the previously defined till anomalies. The drill cross-section is over the Bruell's western extension, where historical drill holes returned anomalous gold values up to 3.6g/t Au over 0.30m, 0.6g/t Au over 0.50m, 0.6g/t Au over 0.70m and 1.0g/t Au over 1.00m. Part of the current program will target IP and/or MAG anomalies located around those anomalous intersections, which were drilled between 1946 and 1988. The Company believes that technological advancement allows us to target rich mineralization close to the historical intersects that have previously gone undetected. Fourteen (14) diamond drill holes (DDH) have been planned over the IP grid. They are positioned to intersect magnetic highs and lows, strong gradients, historical anomalies, and chargeable or conductive anomalies. The Company expects to drill approximately up to 1,500m and will modify its planning depending on the field observations. Ankündigung • Feb 25
Melkior Resources Inc. Announces Further Drill Program Extension to 6,600M At Carscallen Melkior Resources Inc. announced through the strategic partnership with Kirkland Lake Gold the expansion of the current drill program to 6,600 meters on its Carscallen Project located approximately 25 kilometers west of Timmins Ontario and approximately 6 kilometers west of Pan American Silver's West Timmins Mine. As at the end of January, 4,611 meters of drilling have been completed, with drilling still underway. Due to increased drilling activity in the region, assay turnaround times have seen significant delays compared to previous programs in the year. The company looks forward to providing its complete results and next steps for the project in March. The program will focus on the 800 m long northwesterly trending Zam Zam - Shenkman Trend, which has already been partially defined by past drilling and produced multiple high-grade intercepts of gold. A key part of the program will involve a series of holes to follow up on the gold intercepts encountered in the preceding fall, winter, and spring drill programs. Intersection highlights from these programs include CAR-19-03A with 23.5 g/t Au over 8.0 meters 430 meters vertically below surface and CAR- 20-05 with 25.7 g/t Au over 6.0 meters 350 meters below surface from the south edge of the Shenkman zone as well as CAR-20-06 which includes 5.68 g/t Au and 6.4 g/t Ag over 9.5m, including 67.9 g/t Au, 79.8 g/t Ag and 0.62 % Cu over 0.5m from an area 260m to the south of the Shenkman Zone. The key objectives for the drilling are to test the gold system both for sustained grades at depth and for continuity up-dip and northwest-southeast along strike of previous encouraging drill results. Work has also been planned to evaluate possible new targets for future drilling, including areas to the north, south, and to depth in the Zam Zam - Shenkman Trend, where little to no drilling has been completed for more than 1 kilometer in each direction. Ankündigung • Feb 23
Melkior Resources Inc. Announces Maiden Val D'or Drill Program for March 2021 Melkior Resources Inc. announced it has secured a drill and defined the main targets for its 1,500m drill program at the Val-d'Or Property. Drilling will commence in early March 2021. Following the completion of an IP survey on the western strike extension of the Bruell showing (located 240m east of the Property) and an airborne MAG survey, the company has defined targets for its maiden drill program. The targets are shallow and associated with IP and MAG anomalies. The company believes that a 1,500m drill program will be sufficient to target mineralization associated with alteration zones and geophysics targets. The area targeted by the maiden drill program is the western extension of the "Vein Zone" area being explored by Eldorado Gold Corporation. In 2018-2019, a 2,000-meter program located mineralization along a 250-meter strike length and to a vertical depth of 125 meters. This is a new discovery on their property, and Melkior's Property contains the western strike extension to that mineralization. In between the Property and the new discovery made by Sparton/Eldorado, 4 gold showings are related to the same geological features, with the Bruell deposit being located 240 meters from the Property. The new discoveries are either hosted in veins inside of sheared gabbros and also in sheared zone of mafic volcanic hosting quartz, sericite and ankerite veins. Both mineralization is associated with disseminated pyrite. Current finalized drill targets on the Property includes: High conductive anomalies associated with the largest IP axis found on the Property. Isolated high and low magnetic anomalies that are associated with IP anomalies, located in gabbros and mafic volcanics. Some are also in association with VMS and orogenic gold targets previously defined by the Ministry of Energy and Natural Resources. Low magnetic structures cross cutting the main magnetic fabrics which are also associated with chargeable anomalies. Those targets may be associated with the carbonate alteration as found at the Bruell showing. Those cross-cutting features are mostly NE-SW in direction and could be associated with faulting similar to the NE-SW structures that Sparton/Eldorado interpret close by to their previous discoveries. A zone with multiple magnetic contrasts, located immediately on strike with the Bruell showing. Is New 90 Day High Low • Feb 12
New 90-day low: CA$0.76 The company is down 16% from its price of CA$0.91 on 13 November 2020. The Canadian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 1.0% over the same period. Ankündigung • Feb 02
Melkior Resources Inc., Annual General Meeting, Mar 31, 2021 Melkior Resources Inc., Annual General Meeting, Mar 31, 2021. Ankündigung • Jan 24
Melkior Resources Inc. Announces 700M Drill Program At Maseres (Urban Barry) Melkior Resources Inc. announced the commencement of 700 meters of drilling at Maseres. This program will consist of 4 holes to test the re-interpreted up-ice target from previously identified till and soil anomalies. Ankündigung • Jan 22
Melkior Resources Inc. Receives Preliminary IP and High-Resolution MAG Surveys at Val-d'Or Property Melkior Resources Inc. announced it received its preliminary data for the Induced Polarization ("IP") survey and High-Resolution Magnetic (MAG) surveys it completed in December 2020. The IP survey consisted of approximately 13.9 line-km along the western extension of the Bruell showing,
located less than 250m from the Property. The showing is on strike with 3 other gold showing on the same structural trend, outside of the Property and being developed by Eldorado Gold. The western extension of that trend is located on the Property, where soil anomalies indicate a potential source on strike with the above showings. The IP results shows a total of 44 IP axis. The MAG survey consisted of a high-resolution MAG survey on
the entire Val d'Or Property. This survey was done at a low altitude using tight line spacing, which is a configuration that has seen a lot of success by its neighboring companies in the Val d'Or district. Final technical information and interpretation will be provided in a subsequent news release once the final report is received. The company will continue its review of targets to plan its drilling by using IP and MAG data in comparison with geology and adjacent showings. Of particular interest are the following targets on Melkior's western extension of the Bruell showing: An isolated high MAG anomaly associated with a medium conductor, near a regional contact. A regional magnetic contrast associated with an orogenic gold exploration target defined by the Ministry of Energy and Natural Resources ("MERN"). A series of magnetic highs and weak IP anomalies located on strike with the Bruell showing. A resistive unit located on strike with the Bruell showing and in the same magnetic body. A low mag anomaly associated with a VMS exploration target defined by the MERN. An isolated high magnetic anomaly associated with a weak conductor, close to a VMS exploration target
defined by the MERN. The MAG data covers the entire Property allowing a comparison between the soil and MAG results to design a follow-up survey for next summer to find the source of till anomalies previously found. Is New 90 Day High Low • Jan 22
New 90-day low: CA$0.80 The company is down 11% from its price of CA$0.90 on 23 October 2020. The Canadian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 2.0% over the same period. Ankündigung • Jan 06
Melkior Resources Inc. Announces Extended Drill Program At Carscallen Melkior Resources Inc. announced through the strategic partnership with Kirkland Lake Gold Ltd. (operator) the expansion of the current drill program to 4,500 meters on its Carscallen Project located approximately 25 kilometers west of Timmins Ontario and approximately 6 kilometers west of Pan American Silver's West Timmins Mine. To date, 3,150 meters of drilling have been completed before the holiday break, with drilling to resume in early January. Due to increased drilling activity in the region, assay turnaround times have seen significant delays compared to previous programs in the year. The program will focus on the 800 m long northwesterly trending Zam Zam - Shenkman Trend, which has already been partially defined by past drilling and produced multiple high-grade intercepts of gold. A key part of the program will involve a series of holes to follow up on the gold intercepts encountered in the preceding fall, winter, and spring drill programs. Intersection highlights from these programs include CAR-19-03A with 23.5 g/t Au over 8.0 meters 430 meters vertically below surface (November 28, 2019 press release) and CAR-20-05 with 25.7 g/t Au over 6.0 meters 350 meters below surface (May 7, 2020 press release) from the south edge of the Shenkman zone as well as CAR-20-06 which includes 5.68 g/t Au and 6.4 g/t Ag over 9.5m, including 67.9 g/t Au, 79.8 gt Ag and 0.62 % Cu over 0.5m from an area 260m to the south of the Shenkman Zone. The key objectives for the drilling are to test the gold system both for sustained grades at depth and for continuity up-dip and northwest southeast along strike of previous encouraging drill results. Work has also been planned to evaluate possible new targets for future drilling, including areas to the north, south, and to depth in the Zam Zam - Shenkman Trend, where little to no drilling has been completed for more than 1 kilometer in each direction. Ankündigung • Dec 19
Melkior Resources Inc. Identifies New Targets At Maseres and Plans January 2020 Drill Program Melkior Resources Inc. announced it has reevaluated its geochemical data, following a till survey completed on the Maseres Property during the summer. The till survey was conducted to confirm previously known soil sample anomalies defined in 2019 by the Company. The survey includes the SW area from the previously drilled targets. The re-interpretation of the 2019 soil results and 2020 till sample results indicate a possible source of mineralization on the Property, just up-ice from the previously drilled locations. The Company will begin a drill program in early January 2021 before drilling its Val d'Or East Property. The re-interpretation of the data also defined multiple areas of interest for VMS mineralization as being the source for multiples polymetallic (Ag, Cu, Zn) anomalies in glacial dispersal trends. Widespread and well-correlated anomalies in silver and zinc indicate that similar mineralization to the one previously discovered during drilling (19g/t Ag and 1.74% Zn) could explain the type of mineralization to expect at the source of the anomalies. The Company will complete ground exploration work to observe if mineralized blocks can be found at the surface near the expected source of anomalies and follow up with local geophysics. Gold anomalies are found on the A, B, and D blocks. A geochemical assay results retreatment of the 2017-2018-2020 samples to extract additional information has been conducted. Two sets of maps were produced: One consisting of simply extracting the values greater than 2 sigmas deviation (95%-98%) and greater than 3 sigmas (>99%) values for gold, silver, copper, and zinc. The second set was for trace elements and consisted of attributing a grade index value to selected elements and plotting the sum of these grade indexes on maps. The grade index value is calculated by attributing a value of 4 if the selected value is greater than 3 sigmas deviation (top 99%); a value of 2 if within 2 sigmas deviation (95%-99%); a value of 1 if within 1 sigma deviation (68%-95%), and a value of 0 if smaller than 1 sigma (<68%). Ankündigung • Nov 25
Melkior Resources Inc. (TSXV:MKR) acquired additional 8 claims north-east of Pascalis Gold Trend. Melkior Resources Inc. (TSXV:MKR) acquired additional 8 claims north-east of Pascalis Gold Trend on November 24, 2020. The claims were acquired by direct staking, and they include the Lanaudiere Formation. Addition to the Val D'Or Property caused no dilution to shareholders.
Melkior Resources Inc. (TSXV:MKR) completed the acquisition of additional 8 claims north-east of Pascalis Gold Trend on November 24, 2020. Ankündigung • Nov 21
Melkior Closes Option/JV Agreement with Barrick Gold at White Lake Project Melkior Resources Inc. announced the closing of an option and joint venture agreement with Barrick Gold Inc. Under the terms of an option agreement entered into between the Company and Barrick (the “Option Agreement”), Melkior has granted Barrick the right to earn-in up to a 75% interest in the White Lake Project located 20 kilometers east of Barrick’s Hemlo Mine. Under the terms of the option agreement, Barrick has an option to earn a 75% interest in the Property in consideration for completing $4 million in exploration expenditures over a period of five years. Barrick has a minimum commitment of $0.5 million during the first two years of the Option Period (the “Minimum Commitment”). Barrick will act as the Operator of the Property during the Option Period. All expenditures beyond the Minimum Commitment are optional. Should Barrick fail to incur the Expenditures during the Option Period, Barrick’s option to acquire the 75% interest shall expire. Upon Barrick completing the Expenditures and earning its 75% interest, the parties shall enter into a joint venture agreement to carry on operations with respect to the Property. Funds required for further development will be contributed by the joint venture parties based on their proportional joint venture interests (75%/25%). Dilution of a shareholder’s interest below 10% will result in the conversion of the interest to a Net Smelter Return royalty of either 1% or 2% on certain claims dependant upon pre-existing royalties. Ankündigung • Sep 30
Melkior Resources Inc. announced that it expects to receive CAD 1 million in funding from Kirkland Lake Gold Ltd. Melkior Resources Inc. (TSXV:MKR) announced a non-brokered private placement of 1,250,000 units at a price of CAD 0.80 per unit for gross proceeds of CAD 1,000,000 on May 20, 2020. The transaction included participation from new investor Kirkland Lake Gold Ltd. (TSX:KL). Each unit is comprised of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of the company for a period of 2 years from closing at a price of CAD 1.20. The transaction is subject to receipt of all necessary regulatory approvals, including conditional approval of the TSX Venture Exchange. Is New 90 Day High Low • Sep 24
New 90-day low: CA$0.77 The company is down 18% from its price of CA$0.94 on 26 June 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 16% over the same period. Ankündigung • Aug 28
Melkior Resources Inc. announced that it has received CAD 0.7 million in funding Melkior Resources Inc. (TSXV:MKR) announced a non-brokered private placement of 608,696 flow-through common shares at price of CAD 1.15 per share for gross proceeds of CAD 700,000 on August 27, 2020. The Company issued 42,609 finders’ warrants exercisable for a period of 24 months at an exercise price of CAD 1.15 and paid finders’ fees of CAD 49,000 in respect of the transaction as permitted by the TSX Venture exchange and applicable securities laws. All the securities issued in the transaction are subject to a hold period of four months and a day from closing of the transaction. The transaction is subject to final TSX Venture Exchange approval.