Todd Creek
Status
Sold to Arcwest Exploration (formerly Sojourn Exploration) on September 14th, 2018
Location and Setting
The Todd Creek property is located in northwest British Columbia’s mineral-rich Golden Triangle, Skeena Mining Division of British Columbia, about 30 km northeast of the Town of Stewart. Stewart Hwy 37A, the Stewart powerline, and the historic Goat Mine Road bisect the central portion of the property. There are two potential access routes to the northern portion the property. One is up American Creek, the other would be from the road leading to the Brucejack deposit.
Royalty
Millrock sold the property to Arcwest Exploration Inc., (TSX-V: AWX) ("Arcwest") and now owns 9,623,417 Arcwest shares, representing a 16.1% interest in the company.
Millrock holds a 2% (1.5% on certain portions) royalty, buyable down to 1% for $1 million, on the project.
THE TECHNICAL INFORMATION WITHIN THIS DOCUMENT HAS BEEN REVIEWED AND APPROVED BY GREGORY A. BEISCHER, PRESIDENT & CEO OF MILLROCK RESOURCES INC. MR. BEISCHER IS A QUALIFIED PERSON AS DEFINED IN NI 43-101.
THE INFORMATION IN THIS SUMMARY HAS BEEN DERIVED FROM A NI-43-101 REPORT THAT WAS PREPARED BY SOJOURN AND HAS BEEN SUBMITTED TO THE TSX-V. A COPY OF THE REPORT CAN BE FOUND AT THIS LINK.