Melkior Resources Expands Carscallen Project with New Acquisition

An update from Melkior Resources ( (TSE:MKR) ) is now available.

Melkior Resources Inc. has entered into an agreement to acquire the Turnbull Property in Timmins, Ontario, expanding its Carscallen Project by adding 76 mineral claims to its existing 376 mining claims. This strategic acquisition, subject to TSX Venture Exchange approval, involves a cash payment, issuance of common shares, and a net smelter royalty, potentially enhancing Melkior’s position in the gold exploration sector.

More about Melkior Resources

Melkior Resources Inc. operates in the mining industry, focusing on gold exploration. The company is engaged in acquiring and developing mineral properties, with a market focus on expanding its mining claims in strategic locations such as Timmins, Ontario.

YTD Price Performance: 42.86%

Average Trading Volume: 72,184

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$3.48M

For an in-depth examination of MKR stock, go to TipRanks’ Stock Analysis page.