Millrock Reports Drilling News From the Treasure Creek Gold Exploration Project, Fairbanks, Alaska
01 Août 2022 - 2:30PM
Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or
the “Company”) reports that Felix Gold (ASX: FXG, “Felix Gold” or
“Felix”) 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, Alaska. 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 from the laboratory.
A highlight intersection of 89.9 meters
grading 1.20 grams per tonne gold starting from 32.0 meters
downhole has been reported by Felix Gold from Hole
22TCRC008. All nine holes reported so far are from the NW Array
prospect, and intersected gold mineralization. The full results
published by Felix Gold can be seen in their two most recent press
releases available on their website. Note that Millrock has not
independently verified the results reported by Felix Gold.
Millrock President & CEO Gregory Beischer
commented: “This is a great start to the drilling program that
Felix Gold has undertaken. Millrock owns 9,957,157 shares of Felix
Gold or about 5.8% of the company. Additionally, Millrock is to be
granted a net smelter return royalty on the project that ranges
from 1.0% to 2.0%. We hope that these first drill intersections are
indications of a new gold deposit discovery that significantly
increases Millrock’s share price and market capitalization. More
and more discoveries of gold are being made in Fairbanks and the
district should soon be recognized as a globally-significant gold
mining camp.”
The Treasure Creek gold project is situated 20 kilometers north
and west of Kinross’ Fort Knox gold mine, and 10 kilometers west of
Freegold Ventures Ltd new discovery at Golden Summit. Alluvial gold
deposits in gravels of Treasure Creek point to a bedrock source on
the Felix Gold claims where large, strong soil geochemical
anomalies are known from historical work and a major soil sampling
program done in 2021.
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 each of Resolution Minerals
Limited and Felix Gold 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 perform further
exploration including drilling on the Treasure Creek project. 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.
Millrock Resources (TSXV:MRO)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Millrock Resources (TSXV:MRO)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024