Millrock Expands Land Holdings, Stewart Golden Triangle District Property, BC
VANCOUVER, BC--(Marketwired - April 04, 2016) - Millrock Resources Inc. (TSX VENTURE: MRO) ("Millrock") announces that the company has acquired five new tenures by staking. The new ground covers the favourable contact and structures that host mineralization on Millrock's Todd and Poly projects, and joins the two properties together. Todd is centered in the Todd Creek Valley, about 25 km northeast of Stewart, British Columbia, and Poly is located 34 km northeast of the town of Stewart, bisected by Hwy 37A and the Stewart Power Line.
The new tenures comprise a total of 5,391 ha, covering a number of BC Minfile occurrences i.e., Surprise (Mo, Cu): Surprise Creek (Ag, Au, Cu, Mo); and are contiguous with the southeast corner of Pretivm's Bowser Lake landholding. The new tenures that now link the Todd and Poly properties allow assessment work credits to be spread over the entire land package.
The new tenures cover Middle Jurassic Hazelton Group stratigraphy on or in the area of the Betty Creek/Mount Dilworth Formation contact with the Salmon River Formation. Rocks in vicinity of the contact host the gold and polymetallic volcanogenic massive sulfide targets on Millrock's wholly-owned Poly property, and on the LNT property upon which Millrock has an option with Teuton Resources Corp. The new claims are particularly important because they encompass the northern extension of the important geological target on Millrock's Poly property.
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. The company is active in Alaska, British Columbia, the southwest USA and Sonora State, 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: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet and Altius.
ON BEHALF OF THE BOARD
"Gregory Beischer"
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.
"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."
Contact
FOR FURTHER INFORMATION PLEASE CONTACT:
Gregory A. Beischer
(604) 638-3164
Millrock Resources Inc.
800 - 789 West Pender Street
Vancouver, BC V6C 1H2
