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Millrock Resources Inc (2)
Symbol MRO
Shares Issued 54,196,123
Close 2018-08-16 C$ 0.195
Market Cap C$ 10,568,244
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Millrock partner drills 54.6 m of 2.8 g/t Au at Zackly

2018-08-16 10:30 ET - News Release

Mr. Gregory Beischer reports

MILLROCK PARTNER REPORTS DRILL RESULTS

Millrock Resources Inc. partner PolarX Mining Inc. has released the first assay results for 2018 from drilling at the Zackly copper-gold deposit within its Alaska Range project.

Results from hole ZX-18020 are presented in the attached table.

ZX-18020     From (m)   To (m)   Interval (m)  Cu (%)  Au (g/t)   Ag (g/t)

                 2.5     57.1           54.6     0.6*      2.8        9.5
Including        2.5     14.0           11.5     0.6       5.3       12.0
and             18.3     27.1            8.8     0.5       5.8        4.5
and             32.0     43.3           11.3     0.8       1.8       23.3
and             46.2     57.1           10.9     1.0*      1.6        3.9

* These intersections include an uncut assay grading 27.3 per cent copper 
over a narrow interval of 0.3 metre between 56.7 metres and 57.0 metres. 
The drill intersection reported is apparent thickness. Due to the structural 
complexity in this area, in which several conjugate faults have been 
inferred, the true thicknesses of the mineralization cannot be ascertained 
until further drilling has been undertaken.

The drill intersection includes a 0.3-metre downhole thickness from 56.7 metres which assayed 27.3 per cent copper, 2.5 grams per tonne gold and 82.5 g/t silver. The gold and copper mineralization in ZX-18020 occurs in garnet bearing skarn alteration located above a fault. Visible copper mineralization occurs in veins, fractures and interstitial to grains, as native copper flecks and silicified chalcocite with variation in intensity throughout each mineralized zone. Gold is also present throughout this zone, although no visible gold was observed in this hole.

Exploration at the Alaska Range project is being done by Millrock on behalf of PolarX. Millrock presently owns 6.44 per cent of the issued and outstanding PolarX shares and is entitled to certain milestone and royalty payments on portions of the project.

Quality control/quality assurance

Millrock adheres to stringent quality assurance/quality control (QA/QC) standards. Drill core samples are kept in a secure location at all times. Representative half core samples were collected and assayed at ALS Chemex laboratories in Vancouver, Canada, and Reno, Nev., after being prepared at the preparatory laboratory in Fairbanks, Alaska. Gold was analyzed by fire assay (specifically ALS code Au-AA25 -- Au by fire assay and AAS using a 30-gram nominal sample weight). Other elements (33 in total including copper) were analyzed using ALS method code ME-ICP61 which involves a four-acid digest and an ICP-MS finish. Over range (Cu greater than or equal to 1 per cent) was analyzed using ALS method code ME-OG62, which involves a four-acid digest and an ICP-AES or AAS finish. The following QA/QC protocols have been adopted for this program: 1) blank samples and standards -- certified reference material (CRMs) account for approximately 10 per cent of core samples submitted to the laboratory, 2) QA/QC samples are spaced no more than 10 samples apart, 3) geologists instruct the lab to run clean rock through equipment immediately following samples containing visible native gold and/or copper, and 4) the laboratory prepares coarse crush and fine pulverized duplicate samples and analyzes the duplicates. All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date. The qualified person is of the opinion that the results reported in this press release are reliable.

Qualified person

The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, president, chief executive officer and a director of Millrock Resources. Mr. Beischer is a qualified person as defined in National Instrument 43-101.

About Millrock Resources Inc.

Millrock Resources is a premier project generator to the mining industry. Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is active in Alaska, British Columbia, the southwest United States and Sonora state, Mexico. Financing for drilling at Millrock's exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius and Riverside.

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