Millrock Reports Assay Results From Drilling and Surface Rock Sampling at West Pogo and Eagle Blocks, 64North Project, Alaska...
18 Januar 2021 - 2:00PM
Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or
the “Company”) announces assay results from road cut sampling at
the Sunrise prospect, drilling at the Aurora prospect of the West
Pogo block, and trenching at the E1 prospect, Eagle block, at the
64North Gold Project, Alaska. 64North is a large project situated
near Northern Star’s Pogo Mine. Resolution Minerals (ASX: RML,
“Resolution”) is earning an interest in the project by funding
exploration.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3c475439-3a2e-435f-aba0-32b658be7e15
Aurora Prospect, West Pogo BlockThe final two
diamond drill holes (20AU08 and 20AU09) of the 2020 drilling
program intersected multiple quartz veins following up on the 7.0
meter-thick quartz vein in hole 20AU07 previously reported. No
significant assays were encountered on these last three holes for
2020, despite the technical success. A comprehensive review of the
structural data and assays results from the 2020 West Pogo drilling
program is underway to determine the next steps for the Aurora,
Echo, and Reflection Prospects.
E1 Prospect, Eagle BlockFour trenches totaling
716 meters in length were excavated across the highest priority
structures at this prospect. The trenches intersected numerous
zones of gold mineralization consistent with
intrusion-related-intrusion-hosted style gold mineralization.
Trenching and rock sampling completed at the Eagle prospect in late
2020 returned zones of low-grade gold mineralization:
- 12.0 meters @ 0.20 g/t Au including 3.0 meters @ 0.56 g/t gold
in Trench ID: 20E1004; and
- 26.0 meters @ 0.10 g/t Au in Trench ID: 20E1002
The trenches are located within a large gold geochemical anomaly
that measures 10 square kilometers. Resolution indicates it plans
to do further work to develop drill targets in 2021 at this
prospect.
Sunrise Prospect, West Pogo BlockA previously
constructed drill road that runs from the Pogo Mine road to
Millrock’s Aurora prospect crosses the Sunrise prospect. Bedrock
was exposed over significant lengths in road cuts when the road was
constructed. Continuous rock sampling along the road cut has
identified a broad zone of low-grade intrusion-hosted gold
mineralization. The results are:
- 93.0 meters @ 0.29 grams per tonne (“g/t”) gold including 27.0
meters @ 0.53 g/t gold with a maximum 1.0 meter interval @ 1.89 g/t
gold.
The Sunrise prospect lies just to the south of the Aurora
prospect and is approximately four kilometers from Northern Star’s
Pogo Mine. The prospect is underlain by a quartz-felspar-biotite
granite intrusion crosscut by sheeted quartz veins that contain
gold. This style of mineralization is a distinguishing feature of
intrusion hosted gold systems. The granite body is
overburden-covered, except for a few small outcroppings. A large
zone measuring 400 meters by 1,100 meters of anomalous soil sample
results overlies the inferred position of the granite body.
Resolution indicates that it is planning a 3,000-meter RAB
drilling program with approximately 25 holes to be drilled. The
drilling will be done along the existing drill trail leading from
the Pogo Mine road to the Aurora prospect. Resolution reports it
intends to commence drilling in March 2021.
Quality Control and Quality AssuranceMillrock
adheres to stringent Quality Assurance – Quality Control (“QA/QC”)
standards. Drill core was transported to Millrock’s operation
base in Fairbanks, Alaska where it was logged, cut and sampled.
Drill core and samples were kept in a secure location at all
times. For the results presented here, the representative
half-core samples and rock samples underwent sample preparation at
the Bureau Veritas laboratory in Fairbanks, Alaska, (preparation
method code PRP70-250) using 70% to <2 mm Crush and Pulverize
85% to <75 um. Appropriate high, medium and low gold and base
metal standards were used by Millrock on a 1:20 basis (5%). Blanks
were inserted on a 1:50 basis (2%). The Bureau Veritas laboratory
introduces QAQC samples and completes duplicate check assays on a
routine basis. Following preparation in Fairbanks the samples were
subsequently analyzed at the Bureau Veritas laboratory in Reno,
Nevada. Gold was analyzed by Fire Assay (code FA430/AA) with
an AAS finish using a 30 gram nominal sample weight. No
multi-element analysis was completed on the samples. Inspection of
QAQC information indicates that all sample results are within
tolerance.
Qualified PersonThe scientific and technical
information disclosed within this document has been prepared,
reviewed, and approved by Gregory A. Beischer, President, CEO, and
a director of Millrock Resources. Mr. Beischer is a qualified
person as defined in NI 43-101. About Millrock
Resources Inc.Millrock Resources Inc. 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 recognized as the premier generative
explorer in Alaska, holds royalty interests in British Columbia,
Canada, and Sonora State, Mexico, and is a significant shareholder
of junior explorer ArcWest Exploration Inc. as well as a
shareholding in Resolution Minerals Limited. Funding 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: EMX
Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet
and, Altius as well as junior explorers Resolution, Riverside,
PolarX, and Felix Gold.
ON BEHALF OF THE BOARD“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:Melanee
Henderson, Investor Relations(604) 638-3164(877) 217-8978
(toll-free)
Some statements in this news release may contain forward-looking
information (within the meaning of Canadian securities legislation)
including without limitation the intention to mount further
exploration including RAB drilling in 2021. These statements
address future events and conditions and, as such, involve known
and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements.
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