17:57:51 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Millrock Resources Inc
Symbol MRO
Shares Issued 114,139,878
Close 2014-08-19 C$ 0.065
Market Cap C$ 7,419,092
Recent Sedar Documents

Millrock completes field program at Alaska Peninsula

2014-08-20 09:39 ET - News Release

Mr. Gregory Beischer reports

MILLROCK COMPLETES FIELD PROGRAM AT ALASKA PENINSULA PROJECT, ALASKA

Millrock Resources Inc. has completed the second phase of an exploration program on its Alaska Peninsula project located in southwest Alaska. This follows the completion of phase 1, which was announced on July 7, 2014. Geological mapping and rock and soil sampling were carried out. This work complements the airborne magnetic and radiometric surveys that were executed in the first phase of exploration. Geochemical results are expected soon. From this work, targets will be selected and recommended for drilling.

Financing for these two phases of exploration has been provided by First Quantum Minerals Ltd. Through an agreement announced on Jan. 27, 2014, First Quantum has the exclusive right, until Nov. 30, 2014, to enter into an option to joint venture agreement with Millrock under predetermined business terms.

The Alaska Peninsula project comprises lands owned by five Alaska native village corporations and the Bristol Bay Native Corp. (BBNC). Millrock has previously made an exploration agreement with option to lease with the BBNC, through which it can secure a 100-per-cent leasehold interest. The villages of Chignik Bay and Chignik Lagoon are located roughly central to the land package, which is more than 120 kilometres long and up to 60 kilometres wide, covering an area of approximately 650,000 hectares. The agreement includes a tract of land that covers three known porphyry copper-gold occurrences on the Alaska peninsula. The known porphyry occurrences, named Kawisgag, Mallard Duck Bay and Bee Creek, are located near deep tidewater coastlines.

© 2024 Canjex Publishing Ltd. All rights reserved.