Millrock Partner Felix Gold Begins Trading on the Australia Securities Exchange (ASX), Fairbanks Area Gold Projects, Alaska
31 Januar 2022 - 2:30PM
Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or
the “Company”) reports that Felix Gold has been accepted by the
Australian Securities and Investments Commission and has commenced
trading on the Australian Securities Exchange (“ASX”) 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 much of the capital
raised to exploration of the mineral claims contributed by Millrock
and/or staked or acquired by Felix Gold in the Fairbanks Mining
District.
Millrock President and CEO Gregory Beischer commented: “This is
great news for Millrock and its shareholders. Some excellent
targets have been developed over the past year. With a strong
treasury and a robust 2022 budget, Felix Gold will have a great
chance to make new gold discoveries. Any exploration success should
result in strong appreciation of the Felix Gold shares that
Millrock holds, and this should be supportive of Millrock’s share
price.”
As reported in a January 12, 2021 press release, Millrock
assigned Felix all of its rights in the Fairbanks area Ester Dome
and Treasure Creek properties, and the Liberty Bell project.
Millrock had held these rights for several years under agreements
with prospectors. The Fairbanks Mining District is located within
the prolific Tintina Gold Province, which spans Alaska and Yukon.
In return, Millrock has received share equity in Felix Gold,
advance royalties, and production royalties.
Felix Gold indicates that it has secured a drill rig and plans
an aggressive drilling campaign.
Figure 1. Plan View Map showing
the location of the project within the Tintina Gold Province is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/253d63ee-44e7-4a46-81a2-c3806940f11d
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, 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, Coeur
Explorations, Centerra Gold, First Quantum, Teck, Kinross, Vale,
Inmet and, Altius as well as junior explorers Resolution,
Riverside, PolarX, Felix Gold and Tocvan.
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 2022. 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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