Highlights: Assay results from the lower portion of hole 20AU001 and the upper part of hole 20AU002 have been received. Multiple zones of gold mineralization in fault zones have been intersected in both holes. The gold mineralization is associated with sulfide-bearing quartz veins and vein breccia enveloped by extensive, strong, wallrock alteration. To date, drilling at Millrock’s Aurora Target has intersected a [...]
Highlights: Assay results from the upper two thirds of Hole 20AU001 intersected multiple zones of gold mineralization associated with elevated arsenic and bismuth concentrations in a robust hydrothermal system. The upper portion of hole 20AU002 contained zones of quartz - sulfide mineralized rock. This hole was suspended in progress at 194 meters depth due to travel restriction concerns of the drill contractor relating to [...]
Highlights: As a precaution against the risk of COVID-19, and in the best interest of the safety of staff, Millrock and Resolution have temporarily suspended drilling operations at 64North. Hole 20AU-001 was completed to a depth of 462.4 meters. Several zones of quartz veining with sulfide mineralization and strong to intense sericite – dolomite wall rock alteration were intersected. Hole 20AU-002 was suspended in [...]
Highlights: Camp and drill rig are presently being mobilized to the Aurora target, immediately to the west of the Pogo Mine, Alaska. The first drill phase is planned to begin in early March 2020 with a planned initial program of 2,000 meters in four holes. The drill holes will test area of low magnetic intensity and will pierce conductive zones thought to represent a regional, low-angle, northwest-dipping shear zone. The [...]
Millrock Resources Inc. reports the non-brokered private placement announced on January 31, 2020, has been completed and was over-subscribed. A total of 12,575,333 units at a price of $0.12 per Unit have been issued for gross proceeds raised of $1,509,039.96. Each Unit consists of one common share of Millrock and one share purchase warrant . Each Unit Warrant entitles the holder to purchase one additional common share at [...]
Millrock Resources Inc. reports it has increased the non-brokered private placement announced on January 31, 2020. The financing will now consist of up to 12,500,000 units at a price of $0.12 per Unit, for gross proceeds of up to $1,500,000. Each Unit will consist of one common share of the Company and one share purchase warrant . Each Unit Warrant will entitle the holder to purchase one additional common share of the [...]
Highlights: Millrock has been advised that its partner Resolution Minerals has raised sufficient capital to fund a planned drilling program on the Aurora Target, immediately to the west of the Pogo Mine, Alaska. The first drill phase is planned to begin in early March 2020 with a planned initial program of 2,000 meters in four or five holes. An overall US$5 million exploration program is planned for 2020. Millrock has [...]
Millrock Resources Inc. announces that it plans to raise gross proceeds of $1,000,000 through a non-brokered private placement of 8,333,333 units at a price of $0.12 per Unit. It is the intention of the Company to provide an opportunity to existing, eligible Millrock shareholders to participate in the Offering. Non-accredited investors will be welcome to participate in the Offering through use of the existing shareholder [...]
Highlights: Millrock has executed a definitive Option to Joint Venture agreement with Resolution Minerals Ltd. concerning Millrock’s district-scale 64North gold project in eastern Alaska . The legal due diligence period was successfully completed, and Resolution has provided the required US$500,000 exploration advance. Funding provided by Resolution has been used to: ° Complete a geophysical survey to further [...]
Highlights: Millrock has received its exploration permits for camp construction, drill road construction, and exploration drilling, and trenching. Millrock and N27 are planning a US$5.0 million exploration program that will include a thorough test of drill targets established on the West Pogo Block. The Company has received an expanded and updated Pogo Mine Road Use Permit to allow passage of semi-truck and trailers in [...]
Highlights: Millrock has executed a Binding Term Sheet and granted an exclusive legal due diligence period to ASX-listed company Northern Cobalt Limited concerning its district-scale Goodpaster Gold Project in eastern Alaska. Upon successful due diligence, the parties will enter an Option to Joint Venture agreement with pre-determined business terms. Initial Year 1 investment of US$5,000,000 in exploration expenditures to [...]
Millrock Resources Inc. announces that it has received results of a Controlled Source Audio Magneto Tellurics survey recently conducted on its West Pogo claim block, which comprises a portion of its Goodpaster Gold District exploration project. Gently dipping conductive zones potentially indicative of gold mineralization in the same regional shear zone that hosts the Pogo Gold Mine have been detected. The anomalous [...]
+20,00 %
-30,95 %
