Highlights: Millrock has signed an option to purchase a 100% interest in the former producing Grant Mine near Fairbanks, Alaska. The Grant Mine is a high-grade vein deposit with expansion potential. Indicated and Inferred Resources have been estimated at 340,800 ounces of gold. Strategic partner Felix Gold may elect to assume the option in exchange [...]
Millrock Resources Inc. reports that the upsized bought deal and concurrent non-brokered private placements reported in the Company's news releases of February 23 and March 2, 2021 have closed. Gross proceeds totaling $3,146,434.80 were raised by the Company's issuance of 37,016,880 units at a price of $0.085 per Unit , including 4,311,000 Units [...]
Millrock Resources Inc. reports that, due to overwhelming demand from its existing shareholder base, the bought deal and concurrent non-brokered private placements announced on February 23, 2021 have been upsized. The bought deal private placement being undertaken by REDPLUG Inc. as underwriter will now consist of 23,000,000 units of the Company at [...]
Millrock Resources Inc. announces that it has entered into an underwriting agreement with Redplug Inc. pursuant to which REDPLUG has agreed to purchase, on a bought deal private placement basis, 18,000,000 units of the Company at a price of $0.085 per Unit for aggregate gross proceeds of $1,530,000 , of which REDPLUG has deposited $1,275,000 in [...]
Highlights 208 State of Alaska mining claims have been staked to cover areas prospective for gold mineralization. Land holdings in the Fairbanks Gold District now cover approximately 20,200 hectares. Plans are being made to begin rotary drilling at the Treasure Creek project to test for extensions of gold discoveries made by prior workers. An [...]
Highlights The amendment provides Millrock with additional equity exposure in Resolution Minerals in return for a reduction in earn-in exploration expenditure requirements. The amendment will allow Resolution Minerals to raise funds for continued drilling at the 64North gold project. Resolution Minerals indicates it plans to drill at the Sunrise [...]
Resolution Minerals Ltd. executed an Option, Earn-in and Joint Venture agreement on 17 October 2019 as Northern Cobalt Ltd with Millrock Resources Inc . Change Fee As a change fee to the terms of the original agreement Resolution will issue Millrock 15 million Resolution Minerals Ltd. shares as consideration within 20 business days under RML's [...]
Millrock Resources Inc. announced today that Resolution Minerals Ltd. has completed the requirements to earn an initial 30% interest in the 64North Gold Project located in the Goodpaster Mining District of interior Alaska. Resolution has exceeded the Year 1 exploration expenditure requirement of US$5.0 million, has paid Millrock US$50,000, and [...]
Highlights Broad, low-grade intrusion-hosted gold mineralization was sampled at the Sunrise prospect, West Pogo block. Continuous rock sampling in a road cut leading to the adjacent Aurora prospect area returned: ? 93.0 meters @ 0.29 grams per tonne gold including ? 27.0 meters @ 0.53 g/t gold with a maximum 1.0 meter interval @ 1.89 g/t gold [...]
Millrock Resources Inc. announces that it has sold its Treasure Creek, Ester Dome, and Liberty Bell projects to Alaska-domiciled subsidiary companies of Felix Gold Ltd. for a future share payment, US$210,000 in cash, and retained royalties. Felix Gold will have the right to secure 100% ownership in the projects in accordance with the underlying [...]
Millrock Resources Inc. , along with partner Resolution Mineral Inc. , has completed field exploration activities for the year at the 64North project. The project targets large-scale gold deposits in the Goodpaster District. The claims comprising the property are adjacent to the Pogo Mine, a multi-million ounce gold mine operated by Northern Star [...]
Millrock Resources Inc. updates that drilling continues at the Aurora Target on the West Pogo block of the 64North Gold project. Two holes are being drilled to provide further pierce points on the seven-meter thick quartz vein that was intersected on hole 20AU07, as reported in a September 28, 202 press release. Two holes totaling 1,100 meters are [...]
