Highlights: Camp and drill rig are presently being mobilized to the Aurora target, immediately to the west of the Pogo Mine, Alaska. The first drill phase is planned to begin in early March 2020 with a planned initial program of 2,000 meters in four holes. The drill holes will test area of low magnetic intensity and will pierce conductive zones [...]
Millrock Resources Inc. reports the non-brokered private placement announced on January 31, 2020, has been completed and was over-subscribed. A total of 12,575,333 units at a price of $0.12 per Unit have been issued for gross proceeds raised of $1,509,039.96. Each Unit consists of one common share of Millrock and one share purchase warrant . Each [...]
Millrock Resources Inc. reports it has increased the non-brokered private placement announced on January 31, 2020. The financing will now consist of up to 12,500,000 units at a price of $0.12 per Unit, for gross proceeds of up to $1,500,000. Each Unit will consist of one common share of the Company and one share purchase warrant . Each Unit Warrant [...]
Highlights: Millrock has been advised that its partner Resolution Minerals has raised sufficient capital to fund a planned drilling program on the Aurora Target, immediately to the west of the Pogo Mine, Alaska. The first drill phase is planned to begin in early March 2020 with a planned initial program of 2,000 meters in four or five holes. An [...]
Millrock Resources Inc. announces that it plans to raise gross proceeds of $1,000,000 through a non-brokered private placement of 8,333,333 units at a price of $0.12 per Unit. It is the intention of the Company to provide an opportunity to existing, eligible Millrock shareholders to participate in the Offering. Non-accredited investors will be [...]
Highlights: Millrock has executed a definitive Option to Joint Venture agreement with Resolution Minerals Ltd. concerning Millrock’s district-scale 64North gold project in eastern Alaska . The legal due diligence period was successfully completed, and Resolution has provided the required US$500,000 exploration advance. Funding provided by [...]
Highlights: Millrock has received its exploration permits for camp construction, drill road construction, and exploration drilling, and trenching. Millrock and N27 are planning a US$5.0 million exploration program that will include a thorough test of drill targets established on the West Pogo Block. The Company has received an expanded and updated [...]
Highlights: Millrock has executed a Binding Term Sheet and granted an exclusive legal due diligence period to ASX-listed company Northern Cobalt Limited concerning its district-scale Goodpaster Gold Project in eastern Alaska. Upon successful due diligence, the parties will enter an Option to Joint Venture agreement with pre-determined business [...]
Millrock Resources Inc. announces that it has received results of a Controlled Source Audio Magneto Tellurics survey recently conducted on its West Pogo claim block, which comprises a portion of its Goodpaster Gold District exploration project. Gently dipping conductive zones potentially indicative of gold mineralization in the same regional shear [...]
Millrock Resources Inc. is pleased to provide the following update on activities that have occurred over the past calendar quarter. President & CEO Gregory A. Beischer commented: “The moves Millrock has made over the past three months has positioned the company well for what appears to be a coming bull market in precious metals. We have [...]
Millrock Resources Inc. reports it has signed a binding letter agreement whereby First Quantum Minerals Ltd. has been granted the exclusive right to enter an option agreement on Millrock’s Dragonslayer porphyry copper-gold project in eastern Alaska. To earn the right FQML is funding geochemical surveys, mapping, and prospecting to a value of [...]
Key Highlights: Millrock has sold five projects, a geological database, and exploration equipment to Riverside Resources. Consideration paid consists of cash, Riverside shares, and grant of royalties. Millrock’s Mexico exploration activities in Mexico now to be focused on El Batamote copper porphyry project. VANCOUVER, British Columbia, Sept [...]
