Millrock Announces EMX Strategic Partnership and Significant Claim Staking in the Goodpaster District
April 24, 2019
Millrock is proud to announce that it has entered into a strategic partnership with EMX Royalty Corp., in which EMX has agreed to make a $1,000,000 equity investment in Millrock through a private placement financing at a significant premium to Millrock’s current market price.
In return for the premium financing, Millrock has agreed to grant certain royalty interests to EMX, and agreed that the investment funds will be used to stake claims in Alaska’s Goodpaster Mining District, in which the Pogo Gold Mine is located.
In total, Millrock has staked 892 claims covering 51,134 hectares of high-potential mineral rights in the Tintina Gold Province – Goodpaster Mining District, Alaska.
The claims cover prospects, stream sediment, soil and rock anomalies derived from Millrock’s proprietary database and funding for the staking has been provided by EMX Royalty
Gregory Beischer, President & CEO of Millrock commented, “We are pleased to collaborate with EMX to maximize our chances of finding gold ore bodies. There has only been one exploration push in the Goodpaster District since the discovery of Pogo in 1994.
We believe that the Goodpaster District will ultimately prove to be a gold mining camp of significant stature. The area has seen very little exploration despite the obvious potential and proximity to infrastructure. We have amassed a dominant land position and intend to do our best to discover one or more gold deposits on the claims we have staked.”
For full details on the announcement, see the two news releases below.
For full details about the Goodpaster Project, click here.