Millrock Resources reports that effective August 26, 2022, Crowe MacKay LLP, Chartered Professional Accountants have been appointed as the Company's auditor until the next annual general meeting of the Company. The Board of Directors thanks the firm of Manning Elliott LLP, Chartered Professional Accountants for their services. About Millrock Resources Inc. Millrock Resources Inc. is a premier project generator to the [...]
Millrock Resources reports that it has sold a portfolio of royalties on exploration projects in Canada and Mexico to Osisko Gold Royalties Ltd. Gross proceeds from the sale are $1.2 million. Millrock President & CEO, Gregory Beischer, commented: "Prevailing market challenges make an equity financing difficult and raising capital in this manner would be highly dilutive to shareholders. Sale of non-core assets is the best [...]
Millrock Resources reports that Felix Gold has disclosed results from the first nine holes they have drilled on the Treasure Creek gold project this year. Treasure Creek lies just north of the City of Fairbanks. Since commencement of drilling in May 2022, Felix has already drilled more than 100 reverse circulation drill holes and drilling continues more. Assay results are being released in batches as they become available [...]
Millrock Resources reports that earn-in partner Resolution Minerals has commenced drilling at the Tourmaline Ridge prospect on the West Pogo block of the 64North Gold Project. A program consisting of five holes totaling 2,200 meters is to be conducted over the coming six weeks. Millrock President & CEO Gregory Beischer commented: “There is an abundance of geologic evidence pointing to a possible gold deposit at Tourmaline [...]
Millrock Resources reports that further to the Company’s news release dated June 21, 2022, the Company has borrowed a total of $500,000 from Redplug Capital Corporation and issued 2,000,000 common shares as a bonus to the Lender. The shares may not be traded until Nov 1, 2022. The proceeds of the loan will be used for general working capital. The scientific and technical information disclosed within this document has been [...]
Millrock Resources reports that it has entered into a Loan Agreement with Redplug Capital Corporation. The loan is in the amount of $500,000 and will be used for general working capital. Millrock intends to repay the loan within the coming year by 1) liquidation of shares that it holds in other companies, 2) sale of royalty interests, and/or 3) from proceeds that may be realized on sale or purchase agreements concerning [...]
Millrock Resources reports on advancements at the 64North gold exploration project, including an imminent drilling program. The project is the subject of an earn-in agreement whereby Resolution Minerals is earning a joint venture interest from Millrock. Drilling Program: The Resolution–Millrock technical team has developed a strong drill target area at the Tourmaline Ridge prospect. The target area was developed through [...]
Millrock Resources Inc. reports that Felix Gold has commenced drilling on the Treasure Creek gold project, which lies just north of the City of Fairbanks. Felix indicates that it plans to drill 7,000 meters with a small reverse circulation drill rig. Millrock has assigned its Treasure Creek mineral rights to Felix Gold in return for cash, shares and production royalties featuring advanced minimum royalty streams. Millrock [...]
Key Highlights: Surface geochemical program completed August 2021 identified new gold in soil anomaly extending over one kilometer northeast of old workings. Results up to 1.09 ounces per ton gold and 1.10 ounces per ton silver in soil samples. Anomaly located downslope and along strike from the Apex Mine. VANCOUVER, British Columbia, March 09, 2022 -- Millrock Resources Inc. reports that positive assay results from a [...]
Key Highlights - Anticipated 2022 Activity: Drilling on at least four and perhaps as many as eight projects in which Millrock has equity and royalty interests. Treasure Creek, Ester, Fairbanks district, Liberty Bell gold projects, Fairbanks area, Alaska . 64North gold project, Pogo Mine area, Alaska . Apex El Nido gold project, southeast Alaska . Batamote copper project, Sonora Mexico . El Picacho gold project, Sonora [...]
Key Highlights: Eureka Zone, where disseminated, magmatic sulfide minerals contain potentially economically recoverable nickel - copper - chromium - cobalt - platinum group elements over broad core lengths reported from historical drilling. The mineralization can be intermittently traced over a fifteen-kilometer-long strike length, and the historical intersections are up to 319.7 meters wide. If continuity can be proven [...]
Millrock Resources Inc. reports that Felix Gold has been accepted by the Australian Securities and Investments Commission and has commenced trading on the Australian Securities Exchange under the trading symbol FXG. Millrock is being issued 9,957,157 Felix Gold shares that are subject to an escrow period of two years. During the Initial Public Offering, Felix Gold raised in excess of AUD$10 million. Felix Gold will direct [...]
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