Millrock Provides Exploration Update on 64North Gold Project, Alaska
20 April 2021 - 2:30PM
Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or
the “Company”) notes that Resolution Minerals Inc. (ASX: RML)
(“Resolution) has completed a drilling program at the jointly owned
64North gold project, Alaska. The program completion was announced
by Resolution in an April 15, 2021 press release. A total of 27
holes were completed in a fence measuring 1,400 meters. The holes
were drilled from the drill trail leading from the Pogo Mine road
to the Aurora prospect located to the west of the Pogo Mine. Holes
ranged between 45 and 75 meters in depth. The drill holes were
designed to test beneath anomalous surface rock samples collected
along the road cut in 2020. The sampling work had indicated highly
anomalous gold values over 137 meters. The Sunrise prospect is
located approximately 4.5 kilometers southwest of the Pogo Mine.
Resolution has also indicated its intention to start another
drilling program in early summer 2021 on the East Pogo block
utilizing a heliportable reverse circulation drill rig. The program
will target geophysical / geochemical anomalies and surface gold
occurrences.
The 64North Project surrounds the Pogo Gold Mine owned by
Northern Star Resource Ltd., and is located approximately 120
kilometers from Fairbanks, Alaska in the Tintina Gold Province. The
two main styles of mineralisation being targeted in this region are
the high-grade Pogo style and the large-scale, but low-grade Fort
Knox style deposits. These styles are typical for the Tintina Gold
Province, which hosts over 100 million ounces of gold endowment.
Resolution has earned a 30% interest in the 64North gold project,
and is on track to increase its ownership to 42% by virtue of the
recently completed and upcoming drill programs. Millrock receives
cash and Resolution share payments in accordance with the option
agreement made between Millrock and Resolution in late 2019.
Figure 2: Location Map –
Goodpaster Mining District and 64North Gold Project Location within
the Tintina Gold Province,
Alaska.https://www.globenewswire.com/NewsRoom/AttachmentNg/e0c07ee1-8e3a-46e4-8856-90ec8c724f1d
Figure 3: Location Map – 64North
Claim Block (blue) in relation to Northern Star’s Pogo Mine
property
(green).https://www.globenewswire.com/NewsRoom/AttachmentNg/cbe498f5-3a32-4aed-9dee-d612f1f5f7c8
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. and owns a large 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 RelationsToll-Free: 877-217-8978 | Local:
604-638-3164Twitter | Facebook | LinkedIn
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 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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