Millrock Announces Results from Drilling at the Alaska Peninsula Copper Project, Alaska
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 19, 2015) - Millrock Resources Inc. (TSX VENTURE:MRO) ("Millrock") announces results from drilling at the Dry Creek prospect, Alaska Peninsula Copper Project, Alaska. Drilling was carried out in summer 2015 with funding from First Quantum Minerals Ltd. ("FQM"). FQM can earn up to an 80% interest in the project.
Two holes were drilled on the Dry Creek prospect. Hole BC15-10 was completed to a depth of 338.94m and was drilled at an azimuth of N70E at an inclination of -80°. Hole BC15-11 was completed to a depth of 331.93m at an azimuth of N50E and inclination of -75°. Both holes tested a previously undrilled induced polarization chargeability anomaly thought to be associated with a mineralized intrusive body at depth. Hole BC15-10 encountered trace to weak chalcopyrite and more abundant molybdenite associated with porphyry-style veining and alteration hosted in upper Jurassic-aged sedimentary rocks. A 98.4m intercept of quartz-sericite-pyrite altered hornfelsed sediments averaged 0.19% Cu, 88 ppm Mo, and 42 ppb Au. The composite interval was calculated using a 0.1% Cu cutoff with a maximum two meters internal dilution. Various mineralized intervals exceeding 0.1% copper are tabulated below. Insufficient information is available to determine whether these intercepts represent true widths.
| Prospect | Hole ID | From (m) | To (m) | Length (m) | Cu % | Mo ppm | Au ppb | |||||||
| Dry Creek | BC15-10 | 48.16 | 147.00 | 98.84 | 0.19 | 88 | 42 | |||||||
| includes | 70.00 | 89.49 | 19.49 | 0.25 | 117 | 68 | ||||||||
| includes | 111.19 | 124.00 | 12.81 | 0.25 | 60 | 63 | ||||||||
| BC15-10 | 165.00 | 189.00 | 24.00 | 0.14 | 52 | 23 | ||||||||
| BC15-10 | 202.00 | 266.00 | 64.00 | 0.15 | 49 | 28 | ||||||||
| includes | 246.00 | 249.00 | 3.00 | 0.26 | 171 | 100 | ||||||||
| BC15-10 | 270.00 | 289.00 | 19.00 | 0.10 | 20 | 12 | ||||||||
Hole BC15-11, collared approximately 350m south of BC15-10, encountered similar but weaker vein-hosted copper - molybdenum mineralization and porphyry-style alteration.
The 2015 exploration drill program and sampling protocol has been reviewed, verified and compiled by Millrock's geologic staff under the supervision of the Qualified Person. A rigorous QAQC protocol was used on the project, including insertion of certified reference material per every 20 samples delivered to the assay lab. Drill core was split length-wise and one half-core was retained for reference archives. The remaining half-core was sampled and each sample was placed in a sealed bag with a unique identification tag. All samples were securely stored and then shipped to ALS Chemex Labs in Fairbanks, Alaska for preparation. 30 gram fire assay and 48 element, four-acid total digest ICP analyses were completed at ALS Chemex Labs facility in Reno, Nevada. The drill core was logged and photographed prior to sampling.
The technical information within this document has been reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock. 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. In the search for world-class metallic mineral deposits in mineral-rich Alaska, southwest USA, and Mexico, 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. Millrock currently has twenty-two active exploration projects, nine gold, copper and zinc properties in Alaska, a uranium project in New Mexico, and twelve gold, silver and copper projects in Mexico. Funding for drilling at Millrock's exploration projects primarily comes from its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: First Quantum, Teck, Kinross, Vale, Inmet and Altius.
ON BEHALF OF THE BOARD
Gregory Beischer, President & CEO
Some statements in this news release contain forward-looking information. 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. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.
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