Millrock Resources Inc. is pleased to report that the second phase of core drilling on the La Navidad gold project has been completed. The program was designed to test geological targets identified through soil and rock sampling, geophysical surveys and trenching. The drill holes targeted the Crossover and Cobre prospects. The Navidad project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo [...]
Millrock Resources is pleased to provide the following exploration update. Active partner-funded projects and projects that are under evaluation by potential partners are reviewed below. Anticipated partner-funded exploration for 2018 is valued at approximately US$5 million. The approved exploration budgets include approximately 10,000 meters of drilling at three different projects. Gregory Beischer, Millrock President [...]
VANCOUVER, British Columbia, July 12, 2018 -- Millrock Resources Inc. is pleased to report that it has reconfigured an option agreement and consolidated a land position at the Red Basin uranium project located in the state of New Mexico. Previously, in an agreement announced in 2014, Millrock made an option agreement to acquire certain claims thought to cover uranium deposits, and staked claims covering areas with [...]
VANCOUVER, British Columbia, June 21, 2018 -- Millrock Resources Inc. is pleased to report that it has entered into a Purchase and Sale Agreement with Nevada-registered Xinda International Corp , whereby Xinda will acquire a 100% interest in federal mining rights comprising the Lordsburg lithium project in the State of New Mexico, USA. Millrock acquired the claims by staking over the past several months. In consideration [...]
VANCOUVER, British Columbia, June 20, 2018 -- Millrock Resources Inc. reports that drilling is underway at the Alaska Range Project. Millrock is the exploration operator and work is being funded by PolarX Mining Ltd. . Millrock owns 9.76% of Polarx shares and is entitled to milestone payments and royalty payments on portions of the project. Additional details about the drilling program and photographs appear in a PolarX [...]
VANCOUVER, British Columbia, June 19, 2018 -- Millrock Resources Inc. is pleased to report the current drilling program underway at the La Navidad gold project has been extended. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic, bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching. Exploration work is being funded under an option to [...]
Millrock Resources is pleased to report that its partner PolarX Limited has issued a press release announcing that the next phase of drilling will commence soon at the Zackly copper-gold deposit at its Alaska Range Project. The full press release issued by PolarX can be viewed by clicking on this link. The program is designed to expand upon the Inferred Resource that was calculated by PolarX using the standards of the [...]
VANCOUVER, British Columbia, May 16, 2018 -- Millrock Resources Inc. is pleased to report that a second round of drilling is beginning at the La Navidad gold project. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic, bulk minable, run-of-mine, oxidized deposits that could be processed by heap leaching. Exploration work is being funded under an option to joint venture [...]
Millrock Resources announces it has granted a total of 1,295,000 stock options under the Company’s stock option plan to directors, officers, employees, and consultants. The options are exercisable at $0.23 per share for a period of five years. Millrock Resources is a premier project generator to the mining industry. Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing [...]
Millrock Resources is pleased to report that its partner PolarX Limited has issued a press release announcing an Inferred Resource for the Zackly copper-gold deposit at its Alaska Range Project. The full press release issued by PolarX can be viewed by clicking this link. The Inferred Resource was calculated by PolarX using the standards of the Australian Joint Ore Resources Commission . Millrock presently owns 10.74% of [...]
VANCOUVER, British Columbia, March 06, 2018 -- Millrock Resources Inc. is pleased to report that the first phase of core drilling on the La Navidad gold project has been completed. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic gold deposits and is being funded under an option to joint venture agreement by Centerra Gold Inc. . In total, 2,130 meters in 12 holes were [...]
Millrock Resources Inc. is pleased to report developments concerning its exploration projects in the Golden Triangle District of British Columbia. Under the contemplated transaction, Millrock will vend its Todd Creek project to Sojourn Exploration Inc. . The terms of the existing option agreements with Sojourn concerning Millrock's Oweegee Dome and Willoughby projects would also be modified. If the transaction is [...]