Millrock Partner Resolution Minerals Reports Drilling Results at Sunrise Prospect, 64North Gold Project, Alaska
18 Mai 2021 - 2:30PM
Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or
the “Company”) is pleased to announce that partner Resolution
Minerals Ltd. (ASX: RML) has reported that thick intervals of
intrusion-hosted gold mineralization have been intersected at the
Sunrise prospect, 64North gold project. The intervals were
intersected in a recent rotary air blast (RAB) drill program that
was carried out at the project.
In total, Resolution drilled 27 holes along a fence
1,400 meters in length. The style of mineralization is similar to
that observed at the Fort Knox gold mine operated by Kinross near
Fairbanks, Alaska. Drilling detected gold over a 280-meter-wide
corridor which is open at depth and to the north and south. The
host granite intrusion is interpreted to extend more than one
kilometer to the south of the recently completed RAB drilling. The
gold mineralization is contained within a large gold-in-soil
anomaly. The Sunrise prospect is located approximately four
kilometers southwest of the Pogo Mine, which is operated by
Northern Star Resources Limited.
Drill result highlights
include: |
Hole 21SU007 |
36.6 meters at 0.33 g/t gold from surface |
|
Including: |
1.5 meters at
1.42 g/t gold from 1.5 meters depth, and |
|
|
1.5 meters at 2.60 g/t gold from 9.1 meters depth. |
|
|
|
Hole 21SU009 |
74.7 meters at 0.26 g/t gold from surface over the
entire length of the hole |
|
Including: |
1.5 meters at 1.77 g/t gold from 12.2 meters depth, and |
|
|
1.5 meters at 1.02 g/t gold from 48.4 meters. |
Of the 27 holes drilled, nine holes intersected
gold mineralization grading above a cut-off grade of 0.1 g/t gold
over significant intervals. The drill results indicate a
mineralized corridor 280 meters in length. There is a strong
association of bismuth and arsenic with gold-mineralized rock. This
is the same metal association observed at Kinross’ Fort Knox gold
mine. A complete listing of results is shown in Table 1A.
Resolution also reports that other potential
Fort Knox style intrusive targets have been recognized near the
Pogo Mine road, proximal to the Sunrise Prospect. The company plans
to make a ground appraisal of the Sunrise Prospect and surrounding
prospects in late May. Further drilling and geophysics are under
consideration.
Resolution is also planning a 2,000 meter
reverse circulation helicopter-supported drilling program on the
East Pogo Prospect. The drilling is scheduled to commence in early
June. High-grade gold mineralization identified last year during
surface work is to be targeted.
Table 1A: Summary of drill intervals
from March-April 2021 drilling at the Sunrise
prospect.
Hole ID |
Prospect |
From (m) |
To (m) |
Interval |
Au (g/t) |
21SU001 |
Sunrise |
NSI |
NSI |
NSI |
NSI |
21SU002 |
Sunrise |
NSI |
NSI |
NSI |
NSI |
21SU003 |
Sunrise |
NSI |
NSI |
NSI |
NSI |
21SU004 |
Sunrise |
NSI |
NSI |
NSI |
NSI |
21SU005 |
Sunrise |
16.76 |
22.86 |
6.10 |
0.13 |
21SU005 |
Sunrise |
28.96 |
30.48 |
1.52 |
0.12 |
21SU006 |
Sunrise |
1.52 |
18.29 |
16.76 |
0.17 |
21SU006 |
Sunrise |
24.38 |
68.58 |
44.20 |
0.24 |
21SU007 |
Sunrise |
0.00 |
36.58 |
36.58 |
0.33 |
Including |
Sunrise |
1.52 |
3.05 |
1.52 |
1.42 |
Including |
Sunrise |
9.14 |
10.67 |
1.52 |
2.60 |
21SU007 |
Sunrise |
44.20 |
56.39 |
12.19 |
0.24 |
21SU008 |
Sunrise |
1.52 |
6.10 |
4.57 |
0.10 |
21SU008 |
Sunrise |
13.72 |
15.24 |
1.52 |
0.20 |
21SU008 |
Sunrise |
25.91 |
27.43 |
1.52 |
0.10 |
21SU008 |
Sunrise |
44.20 |
45.72 |
1.52 |
0.11 |
21SU008 |
Sunrise |
64.01 |
65.53 |
1.52 |
0.11 |
21SU009 |
Sunrise |
0.00 |
74.68 |
74.68 |
0.26 |
Including |
Sunrise |
12.19 |
13.72 |
1.52 |
1.77 |
Including |
Sunrise |
48.77 |
50.29 |
1.52 |
1.02 |
21SU010 |
Sunrise |
0.00 |
9.14 |
9.14 |
0.10 |
21SU011 |
Sunrise |
0.00 |
21.34 |
21.34 |
0.13 |
21SU011 |
Sunrise |
25.91 |
32.00 |
6.10 |
0.16 |
21SU011 |
Sunrise |
36.58 |
38.10 |
1.52 |
0.13 |
21SU011 |
Sunrise |
42.67 |
44.20 |
1.52 |
0.14 |
21SU011 |
Sunrise |
73.15 |
74.68 |
1.52 |
0.10 |
21SU012 |
Sunrise |
18.29 |
19.81 |
1.52 |
0.12 |
21SU012 |
Sunrise |
32.00 |
33.53 |
1.52 |
0.11 |
21SU012 |
Sunrise |
35.05 |
36.58 |
1.52 |
0.11 |
21SU012 |
Sunrise |
39.62 |
41.15 |
1.52 |
0.11 |
21SU012 |
Sunrise |
48.77 |
50.29 |
1.52 |
0.21 |
21SU013 |
Sunrise |
3.05 |
4.57 |
1.52 |
0.26 |
21SU014 |
Sunrise |
0.00 |
19.81 |
19.81 |
0.22 |
21SU014 |
Sunrise |
27.43 |
32.00 |
4.57 |
0.34 |
Hole ID |
Prospect |
From (m) |
To (m) |
Interval |
Au (g/t) |
Table 1B: Drill collar locations for
Sunrise prospect drilling.
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
EOH Depth (m) |
21SU001 |
594872 |
7146547 |
539 |
70 |
-60 |
15.24 |
21SU002 |
594913 |
7146554 |
539 |
70 |
-60 |
15.24 |
21SU003 |
594937 |
7146570 |
549 |
70 |
-60 |
6.71 |
21SU004 |
595001 |
7146597 |
548 |
90 |
-60 |
44.2 |
21SU005 |
595070 |
7146585 |
558 |
90 |
-60 |
59.44 |
21SU006 |
595450 |
7146687 |
635 |
90 |
-60 |
68.58 |
21SU007 |
595480 |
7146689 |
636 |
90 |
-60 |
60.96 |
21SU008 |
595544 |
7146685 |
639 |
90 |
-60 |
73.16 |
21SU009 |
595510 |
7146673 |
639 |
270 |
-60 |
74.68 |
21SU010 |
595512 |
7146681 |
639 |
90 |
-60 |
9.14 |
21SU011 |
595516 |
7146680 |
639 |
90 |
-60 |
74.68 |
21SU012 |
595582 |
7146684 |
643 |
70 |
-60 |
67.06 |
21SU013 |
595611 |
7146689 |
643 |
70 |
-60 |
42.67 |
21SU014 |
595402 |
7146696 |
652 |
90 |
-60 |
68.58 |
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
EOH Depth (m) |
Notes for Tables 1A and 1B:
- An accurate dip and strike and the
controls on mineralisation are yet to be determined and the true
width of the intercepts is not yet known.
- Coordinates are in NAD83, Zone
6.
- Elevation and Hole Depth are in
metres.
- Azimuth is in Degrees Grid
North.
- Dip is in degrees.
- Abbreviations: g/t (grams per
tonne), ppm (parts per million), ppb (parts per billion), NSI (no
significant intercept)
- All drilling is 3 and 5/8“ diameter
RAB chip drilling, all of hole is sampled.
- Significant results are shown for
intercepts >0.1g/t Au with no more than 3.048m (10 feet) of
internal dilution.
QUALIFIED PERSON:The drill results provided in
this disclosure was compiled by Mr Duncan Chessell, Managing
Director of RML. Mr. Chessell is a member of the Australasian
Institute of Mining and Metallurgy and is a Competent Person as
defined in the 2012 Edition of the ‘Australian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves.
Millrock’s Qualified Person (as defined in NI43-101) Gregory A.
Beischer, President, CEO and a director of Millrock Resources has
reviewed the information provided by Mr. Chessell including assay
results, composite interval calculations and the quality assurance
/ quality control measures taken by RML. The technical information
presented within this press release has been reviewed and approved
by Mr. Beischer.
QUALITY CONTROL AND QUALITY ASSURANCE
(QAQC):Drilling, sampling, sample handling, and assay
methods and assay quality monitoring utilized by RML for this
program are described in detail in their May 17, 2021 press
release. In the opinion of Millrock’s Qualified Person, the QA/QC
methods, which included insertion of 9% Certified Reference
Materials was appropriate. Standards and blanks were also inserted.
No abnormalities were reported by RML upon review of the QA/QC
data.
ABOUT MILLROCK RESOURCES: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 Relations Toll-Free: 877-217-8978 | Local:
604-638-3164 Twitter | Facebook |
LinkedInmhenderson@millrockresources.com
FORWARD LOOKING STATEMENTS:Some statements in
this news release contain forward-looking information, including
without limitation, statements such as the intention to do surface
exploration work including reverse circulation drilling in May and
June of 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.
"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE."
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