January 18, 2021, Vancouver, British Columbia (GLOBE NEWSWIRE) — Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) (“Millrock” or “Company”) announced that road interception sampling was conducted at sunrise As a result of laboratory exploration, the Aurora exploration in the West Pogo block, the E1 exploration of the 64North Gold project in Alaska, and the trenching in the Eagle block. 64North is a large-scale project located near the Pogo mine in Northern Star. Resolution Minerals (ASX: RML, “Solution”) is gaining interest in the project through exploration funding.
The photos accompanying this announcement can be found at https://www.globenewswire.com/NewsRoom/AttachmentNg/3c475439-3a2e-435f-aba0-32b658be7e15
The last two diamond holes (20AU08 and 20AU09) of the Aurora prospects in the West Pogo block in 2020 drilling plan intersect multiple quartz veins, followed by the previously reported 7.0-meter-thick quartz veins in the 20AU07 hole. Despite the technical success, no major detection methods were encountered in the last three holes in 2020. A comprehensive review of the structural data and laboratory results of the West Pogo Drilling Program in 2020 is underway to determine the next step in the prospects of Aurora, Echo and Reflection.
In the E1 Observation Area, Eagle BlockFour excavated four trenches with a total length of 716 meters on the highest priority structure in this Observation Area. The trench intersects many areas of gold mineralization, which is consistent with the invasive gold mineralization associated with intrusions. The trenching and rock sampling completed at the Eagle mine at the end of 2020 returned to the low-grade gold mineralization zone:
The trench is located in a large gold geochemical anomaly that is 10 square kilometers in size. The resolution indicated that it plans to further work under this prospect to set drilling targets for 2021.
The previously constructed drill road at Sunrise Prospect in West Pogo Block extends from the Pogo Mine road to the Aurora prospect in Millrock, crossing the Sunrise prospect. When the road was built, the bedrock was exposed in the road section for a long time. Continuous rock sampling along the road has identified a vast area of low-grade invasive gold. The result is:
The Sunrise prospect is located in the southern part of the Aurora prospect, about four kilometers from the Pogo mine in Polaris. The foreground is obscured by the quartz-feldspar-biotite granite intrusion transversely cut by gold-bearing flake quartz veins. This method of mineralization is a distinctive feature of the invasive gold mining system. The granite body is covered, except for some small outcrops. The results show that a large area can measure 400 meters by 1,100 meters of anomalous soil samples, which covers the inferred location of the granite body.
The solution indicated that it planned to drill approximately 25 holes in the 3,000-meter RAB drilling program. The drilling will follow the existing drilling trajectory from the Pogo Mine highway to the Aurora exploration area. The resolution report stated that drilling was planned to begin in March 2021.
Quality Control and Quality Assurance Millrock complies with strict Quality Assurance-Quality Control (“QA/QC”) standards. The core was transported to the Millrock operations base in Fairbanks, Alaska, where it was recorded, cut and sampled. The core and sample are always kept in a safe position. For the results presented here, representative half-core samples and rock samples were prepared in the Bureau Veritas Laboratory in Fairbanks, Alaska (preparation method code PRP70-250), using 70% crushing to <2mm, crush 85% to <75 um. Millrock uses the appropriate high, medium, low gold and base metal standards on a 1:20 (5%) basis. Insert blanks on a 1:50 (2%) basis. Bureau Veritas’ laboratories will introduce QAQC samples and complete repeated testing and analysis as usual. After preparation in Fairbanks, the Bureau Veritas Laboratory in Reno, Nevada analyzed the samples. Using a nominal sample weight of 30 grams, gold was analyzed by flame analysis (FA430/AA code), AAS coating. The sample has not completed multi-element analysis. Checking the QAQC information shows that all sample results are within the allowable range.
Qualified Persons The scientific and technical information disclosed in this document has been prepared, reviewed and approved by Millrock Resources President, CEO and Director Gregory A. Beischer. Mr. Beischer is a qualified person as defined in NI 43-101. About Millrock Resources Company Millrock Resources Company is the main project generator for the mining industry. Millrock identifies, packs and operates large-scale projects for joint ventures so that its shareholders can benefit from the benefits of mineral discovery, while most exploration companies do not take the usual financial risks. The company is recognized as Alaska’s most important mineralization prospector, has concessions in British Columbia, Canada and Sonora, Mexico, and is an important shareholder of ArcWest Exploration Inc., a junior prospector, and holds Resolution Minerals Limited Of equity. Drilling funding for the Millrock exploration project is mainly provided by its joint venture partners. Millrock’s business partners include some of the leading companies 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.
For more information, please contact: Melanee Henderson, Investor Relations Department (604) 638-3164 (877) 217-8978 (toll free)
Certain statements in this press release may contain forward-looking information (within the meaning of Canadian securities legislation), including but not limited to the intention to conduct further exploration (including RAB drilling in 2021). These statements refer to future events and conditions and therefore refer to known circumstances. As well as unknown risks, uncertainties and other factors, the actual results, performance or achievements may be materially different from any future results, performance or achievements expressed or implied in the statement.
Sign up to receive daily hot news from the Financial Post, a division of Postmedia Network Inc.
Postmedia is committed to maintaining an active and non-governmental forum for discussion, and encourages all readers to share their views on our articles. It can take up to an hour for comments to be reviewed before they appear on the website. We ask you to keep your comments relevant and respectful. We have enabled email notifications-if you receive a reply to a comment, the comment thread you follow is updated or the user you follow, you will now receive an email. Please visit our Community Guidelines for more information and details on how to adjust email settings.
©2021 Financial Post, a subsidiary of Postmedia Network Inc. all rights reserved. Unauthorized distribution, dissemination or reprinting is strictly prohibited.
This website uses cookies to personalize your content (including advertising) and allow us to analyze traffic. Read more about cookies here. By continuing to use our website, you agree to our terms of service and privacy policy.
Post time: Jan-19-2021
