Millrock Announces Staking of Lithium Brine Project and Sale of Claims, New Mexico, USA

VANCOUVER, BRITISH COLUMBIA, June 21, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that it has entered into a Purchase and Sale Agreement with Nevada-registered Xinda International Corp (“Xinda”), whereby Xinda will acquire a 100% interest (subject to a 3% gross final sales royalty provision) in federal mining rights comprising the Lordsburg lithium project (“the Assets”) in the State of New Mexico, USA.

Millrock acquired the claims by staking over the past several months. In consideration for acquisition of the Assets, Xinda has agreed to pay Millrock cash consideration of $50,000 and will issue that number of shares that will equal 19.9% of the issued and outstanding Xinda stock. Also, under a milestone payment agreement Xinda has agreed to a future share payment in the event that Xinda makes exploration expenditures of US$5.0 million on the claims or in a surrounding Area of Interest (“AOI”). Upon reaching that milestone, Xinda will issue to Millrock that number of shares of that will result in Millrock being restored to owning 19.9% of the issued and outstanding shares of Xinda at that time, provided that Millrock has not sold any of its initial stake in the company. Xinda has also assumed the obligations to make certain payments in accordance with a Finder agreement with a third party that brought the conceptual target to the attention of Millrock. Xinda trades on the over-the-counter markets under the symbol XNDA.

The Lordsburg lithium brine project is located in southern New Mexico and consists of 54 federal mining claims covering 1080 acres surrounded by a large Area of Interest (“AOI”) which measures in excess of 2,200 square miles. The objective of the exploration project is to discover large volumes of lithium-bearing brine from which lithium metal can be economically extracted. The project covers a large, closed, sedimentary basin that is of adequate catchment area for the accumulation and recharge of lithium-bearing brines. The basin is surrounded by young, lithium-bearing volcanic rocks from which lithium may have been leached over time, and migrated to depositional sites within the basin as brine.

The claims are situated over a central playa or salar, and cover the deepest portions of the sedimentary basin, where brine would be most likely to accumulate. As evidenced by local, active hot springs, there is a high regional heat flow to drive fluid movement. Structures, interpreted from geophysical surveys, provide fluid pathways and potentially form boundaries that create brine pool traps. The arid climate of southern New Mexico allows for brine formation, and geological age relationships demonstrate that sufficient accumulation time was available in this long-lived basin to develop sustainable brines. This is an early-stage conceptual target. No prior exploration is known to have occurred for lithium at this location.

Xinda has indicated it intends to follow the exploration plan below:

  1. Acquire satellite imagery and perform linear analysis for structures;
  2. Surface rock mapping and sampling;
  3. Water well sampling;
  4. Permitting for geophysical surveys and well drilling;
  5. Detailed ground gravity geophysical survey;
  6. Controlled-Source audio-frequency magnetotellurics geophysical survey;
  7. Data integration and basin modeling; and
  8. Well drilling.

Xinda has stated it intends to raise capital for the first seven exploration steps, and upon completion, do a secondary financing for drilling.

Qualified Person
The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Mining Limited, Sojourn Exploration Inc., and Xinda International Corp.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Provides Update of Exploration Activity

VANCOUVER, BRITISH COLUMBIA, June 20, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") reports that drilling is underway at the Alaska Range Project. Millrock is the exploration operator and work is being funded by PolarX Mining Ltd. (“PolarX”) (ASX: PXX). Millrock owns 9.76% of PolarX shares and is entitled to milestone payments and royalty payments on portions of the project.

Additional details about the drilling program and photographs appear in a PolarX press release that can be found at this link.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Mining Limited and Sojourn Exploration.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

 

Millrock Announces Additional Trench Results; Centerra Gold Authorizes Drilling Program Extension at La Navidad Gold Project, Sonora State, Mexico

VANCOUVER, BRITISH COLUMBIA, June 19, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report the current drilling program underway at the La Navidad gold project has been extended. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic, bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching.

Exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”). Originally, the core drilling program was to consist of 1,650 meters in seven holes with further drilling contingent upon results. After a recent review, Centerra has authorized a drilling program extension. The complete program will now consist of approximately 2,900 meters in 17 holes. Drilling is presently progressing on the tenth hole. The full program is likely to be completed by the end of June, based on the rate of production realized in the first part of the program.

The current drilling program is targeting the large, strong, gold-in-soil anomalies previously identified at the Cobre and Crossover prospects in 2017. Recent trenching has confirmed bedrock gold mineralization at surface in these prospect areas. Initial trench results were reported here.

Following is a table of results of rock chip-channel samples from all 19 trenches excavated and sampled. A gold cutoff of 0.1 grams per tonnne gold was used to calculate the composite intervals using a maximum of 3.0 meters of internal dilution. Geological relationships are not clear enough to accurately estimate true width of the anomalous zones reported. Trenches NAVTR-10, NAVTR-11, NAVTR-17 and NAVTR-18 did not contain significant anomalous results.

NR18-09 Navidad 2018 Extended Drilling - Tabel Trench Results.png

Since forming an option to purchase agreement with the underlying mineral right owner of La Navidad in June 2017, and a simultaneous option to joint venture agreement with Centerra, the companies have collaborated to execute a comprehensive exploration program. Centerra is funding the exploration work to earn a majority interest in the project.

Quality Control – Quality Assurance

Millrock adheres to stringent Quality Assurance – Quality Control (“QA/QC”) standards. Drill core and rock samples are kept in a secure location at all times. Rock samples are assayed at the Bureau Veritas laboratory in Hermosillo, Mexico. Preparation and analysis methods are described in further detail here. The sample preparation method code being utilized for the current rock sampling program was PRP70-250. Analysis methods used include FA430 (30 gr/Fire Assay/ICP) and AQ-200 (Aqua Regia – ICP/MS). For every 20 rock samples, a blank sample known to contain less than 3 parts per billion gold or a standard sample (Certified Reference Materials) of known gold concentration, or a duplicate sample was also analyzed. The Qualified Person is of the opinion that the results reported in this press release are reliable.

Qualified Person
The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free) 

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.

Millrock Partner PolarX Announces Drill Program On The Zackly Copper-Gold Deposit, Alaska Range Project, Alaska

VANCOUVER, BRITISH COLUMBIA, May 31st, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that its partner PolarX Limited (ASX: PXX) (“PolarX”) has issued a press release announcing that the next phase of drilling will commence soon at the Zackly copper-gold deposit at its Alaska Range Project. The full press release issued by PolarX can be viewed by clicking on this link. The program is designed to expand upon the Inferred Resource that was calculated by PolarX using the standards of the Australian Joint Ore Resources Commission (JORC) announced by PolarX earlier this year.

Millrock presently owns 9.76% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project.            

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD

“Gregory Beischer” 

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Begins Second Round of Drilling at La Navidad Gold Project, Sonora State, Mexico

VANCOUVER, BRITISH COLUMBIA, May 16, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that a second round of drilling is beginning at the La Navidad gold project. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic, bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching. Exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”). The core drilling program will consist initially of 1,650 meters in seven holes, ranging from 150 to 250 meters in depth. These holes will target the large, strong, gold-in-soil anomalies previously identified at the Cobre and Crossover prospects. Recent trenching has confirmed bedrock gold mineralization at surface in these prospect areas. Additionally, at least one hole from the initial program completed in late 2017 will be deepened to test for further mineralization at the Anchor prospect. Results of that program were reported in a prior press release here. Contingent upon results of the upcoming drilling phase, the drilling program may be extended.

Millrock crews have been actively exploring the Cobre and Crossover prospects since early February. Detailed geological mapping with rock sampling (341 samples) was completed. It was found that the strongest soil anomalies occur in folded, faulted, Jurassic metasedimentary rocks in close proximity to diorite and monzonite dikes which follow pre-existing fault structures. Also, three lines of in-fill induced polarization geophysical surveys totaling 5.4 kilometers are in progress. The induced polarization survey has identified low-angle structures and stratigraphy conducive for orogenic gold deposition. An extensive program of surface trenching (1,398 meters in 16 trenches) and rock chip sampling (661 samples) has been completed. Results from the first eight trenches are reported below. A 0.1 parts per million gold cutoff was used to calculate the composite intervals. Geological relationships are not clear enough to accurately estimate true width of the anomalous zones reported.

NR18-07 Navidad 2018 Drilling - Results.png

Since forming an option to purchase agreement with the underlying mineral right owner of La Navidad in June 2017, as well as a simultaneous option to joint venture agreement with Centerra, the companies have collaborated to execute a comprehensive exploration program. Centerra is funding the exploration work to earn a majority interest in the project. 

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (“QA/QC”) standards. Drill core and rock samples are kept in a secure location at all times. Rock samples are assayed at the Bureau Veritas laboratory in Hermosillo, Mexico. Preparation and analysis methods are described in further detail here. The sample preparation method code being utilized for the current rock sampling program was PRP70-250. Analysis methods used include FA430 (30 gr/Fire Assay/ICP) and AQ-200 (Aqua Regia – ICP/MS). For every 20 rock samples a blank sample known to contain less than 3 parts per billion gold or a standard sample (Certified Reference Materials) of known gold concentration, or a duplicate sample was also analyzed. The Qualified Person is of the opinion that the results reported in this press release are reliable.

Qualified Person
The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc. 

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Announces Stock Option Grants

VANCOUVER, BRITISH COLUMBIA, March 26, 2018 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock") announces it has granted a total of 1,295,000 stock options under the Company’s stock option plan to directors, officers, employees, and consultants. The options are exercisable at $0.23 per share for a period of five years.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc. 

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free) 

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.

Millrock Partner PolarX Reports Maiden Resource for the Zackly Copper-Gold Deposit, Alaska Range Project, Alaska

VANCOUVER, BRITISH COLUMBIA, March 19, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that its partner PolarX Limited (ASX: PXX) (“PolarX”) has issued a press release announcing an Inferred Resource for the Zackly copper-gold deposit at its Alaska Range Project. The full press release issued by PolarX can be viewed by clicking this link. The Inferred Resource was calculated by PolarX using the standards of the Australian Joint Ore Resources Commission (JORC).

Millrock presently owns 10.74% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Ltd. and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Reports Drill Results From La Navidad Gold Project, Sonora State, Mexico

VANCOUVER, BRITISH COLUMBIA, March 6, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that the first phase of core drilling on the La Navidad gold project has been completed. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic gold deposits and is being funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”). In total, 2,130 meters in 12 holes were drilled. The table following on the next page indicates significant and anomalous drill intersections.

Millrock President & CEO Gregory Beischer commented: “Some strong results were obtained in this program from the Anchor Zone. Drilling is tentatively planned to resume in April 2018 to test the large gold-in-soil anomalies of the Crossover and Cobre prospects that lie north and northwest of Anchor respectively.”  

Anchor and Horseshoe Zone Drilling
Holes NAV-001, NAV-002, NAV-003, and NAV-010 returned strong results. All four holes fall on section line 520,700 and indicate mineralization in the shallow subsurface over a distance of 500 meters in a north-south direction. Holes NAV-004, NAV-005 and NAV-011, drilled 200 meters west on section line 520,500 were also strongly anomalous, extending mineralization in a westerly direction. Holes NAV-006, NAV-007, NAV-008 and NAV-009 which were drilled further west on section line 520,100 at the adjacent Horseshoe Zone returned weaker, narrower intersections. It had been hoped that the two zones would join together but they do not appear to do so. Therefore, the ability to build tonnage further west from the Anchor zone appears to be limited. The next exploration effort will work areas to the north and northwest where strong gold soil anomalies exist at the Crossover and Cobre prospects. Further mapping is underway in anticipation of the next drilling program.

  Note: The mineralized intervals reported   are down-hole, measured thickness. Based on initial interpretations it appears the mineralized zone dips shallowly to the north at 15 degrees. However, there is not enough geologic control at this point to verify the interpretation and therefore to make an accurate estimate of true width with confidence. For the composited values reported, a 0.1 gram per tonne gold cut-off was used, and a maximum allowable internal dilution thickness of 2.05 meters was used. See note below concerning quality control – quality assurance.

Note: The mineralized intervals reported are down-hole, measured thickness. Based on initial interpretations it appears the mineralized zone dips shallowly to the north at 15 degrees. However, there is not enough geologic control at this point to verify the interpretation and therefore to make an accurate estimate of true width with confidence. For the composited values reported, a 0.1 gram per tonne gold cut-off was used, and a maximum allowable internal dilution thickness of 2.05 meters was used. See note below concerning quality control – quality assurance.

Since forming an option to purchase agreement with the underlying mineral right owner of La Navidad in June 2017, and a simultaneous option to joint venture agreement with Centerra, Centerra and Millrock have collaborated to execute a comprehensive exploration program. Initial surface exploration results were reported in this press release by Millrock. Centerra is funding the exploration work to earn an interest in the project.

The La Navidad project targets bulk mineable, run-of-mine, oxidized deposits that could be processed by heap leaching. The prospects at La Navidad bear the characteristics of an orogenic gold system similar in nature to other gold deposits being mined or developed in the district including:

  • Lluvia de Oro (Metallōrum Holding);
  • Santa Gertrudis (Agnico Eagle Mines Limited); and the
  • San Francisco Mine (Alio Gold Inc.).

Alio Gold’s San Francisco Mine is a prime example of the type of deposit sought by Millrock and Centerra. On their website, Alio Gold reports Measured & Indicated Resources (inclusive of Reserves) of 74.8 million tonnes grading 0.541 grams per tonne gold, containing 1.3 million ounces of gold, and Proven & Probable Reserves of 54.8 million tonnes grading 0.527 grams per tonne gold containing 0.9 million ounces of gold.

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (“QA/QC”) standards. Drill core and samples are kept in a secure location at all times. Representative half-core samples were collected in the core shed in Magdalena and assayed at the Bureau Veritas laboratory in Hermosillo, Mexico. Preparation and analysis methods are described in further detail here. The sample preparation method code utilized was PRP70-250. Analysis methods used include FA430 (30 gr/Fire Assay/AAS) and AQ-200 (Aqua Regia – ICP/MS). For every 20 rock samples a blank sample MEG-12.02 (>0.003 ppm Au) known to contain less than 3 part per billion gold and a standard sample (Certified Reference Materials – “CRM”) of known gold concentration was also analyzed. Three different CRM standards were utilized in this program including MEG-Au 11.15 (3.4 ppm Au), MEG-Au 12.11 (1.5 ppm Au) MEG-Au 13.01 (0.31 ppm Au). The following QA/QC protocols were used for this program: 1) Duplicates were created as coarse crush duplicates on every 20th sample in the sample preparation process at the laboratory, and 2) Blanks every 20th sample, and 3) CRM every 20th sample plus additional random insertions of standards and blanks at the supervising geologist’s discretion, and 4) core sample field duplicates.

Upon review of the QA/QC results it was found that results were within acceptable tolerances for most blanks and standards. However, results for standard MEG-Au 11.15 were observed to have higher than expected values in most cases, near the upper margin of acceptability. Initially two results exceeded three standard deviations, and so were not within tolerance. This called into question the results reported for holes NAV-003 and NAV-008. The Bureau Veritas laboratory performed a reanalysis of the core samples brought into question and results were found to be nearly identical. However, one of the standard samples from Hole NAV-008 remained out of tolerance, possibly because of small remaining sample size. As a further check, Millrock sent 20 samples from each of holes NAV-003 and NAV-008 to another laboratory with standard and blank samples. Results returned were very close to the original analysis made by Bureau Veritas.  Also, as part of its protocols, Millrock sends duplicate core samples to the laboratory. The usual protocol is to cut the core in half, then cut one half of the core in quarters. Both quarters are sent to the laboratory as individual samples, and results should be similar. However, a sampling error was made by the project team. A half core and quarter core sample was sent to the lab as duplicate samples. The results of the half core versus quarter core did not match well. This is expected due to the radically different sample size. Unfortunately, this sampling error is not something that can be corrected. Given that the two re-analyses have provided very similar results as the initial assays, the Qualified Person is of the opinion that the results reported in this press release are reliable.

Qualified Person
The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Reports Potential Business Transaction Concerning Its Exploration Projects In The Golden Triangle District, British Columbia

VANCOUVER, BRITISH COLUMBIA, February 2nd, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report developments concerning its exploration projects in the Golden Triangle District of British Columbia. Under the contemplated transaction, Millrock will vend its Todd Creek project to Sojourn Exploration Inc. (“Sojourn” TSX-V: SOJ). The terms of the existing option agreements with Sojourn concerning Millrock’s Oweegee Dome and Willoughby projects would also be modified. If the transaction is completed Millrock will be a 19.9% owner of Sojourn, and a royalty holder on the properties. Additionally, under the proposal, Sojourn will issue shares to Seven Devils Exploration Ltd. (“SDE”) for four British Columbia projects. The SDE team will take over executive and technical management of Sojourn. The intended result will be a well-financed exploration company managed by an outstanding technical team that will specialize as a British Columbia Project Generator company.

Millrock President & CEO Gregory Beischer commented: “Sojourn will have a new management team that has outstanding depth in British Columbia metallogeny. We anticipate the newly constituted company will have great success following the Project Generator business model and make great discoveries that will in turn benefit Millrock shareholders.” 

Sojourn and SDE have signed a letter of intent to enter into a definitive agreement within 60 days. The definitive agreement will be subject to approval by the board of directors of each party. Modifications to the existing Millrock – Sojourn agreements that are contemplated by the Sojourn – SDE letter of intent will require approval by Millrock’s board of directors. The agreements will also require approval of the TSX-V Exchange, and some underlying claim owners. Closing of the proposed transaction is subject to a private placement by Sojourn (the terms and pricing of which have yet to be determined), and the following changes to Millrock’s existing agreements with Sojourn as follows:

(a) The existing option agreements between Millrock and Sojourn respecting Millrock's Oweegee and Willoughby properties (the "Millrock Options") will be terminated. Sojourn will not make any further payments to Millrock (in cash, shares or otherwise) pursuant to the Millrock Options.

(b) Concurrently with the termination of the Millrock Options, Millrock and Sojourn will enter into a property purchase agreement (the "Millrock PPA") pursuant to which Sojourn will acquire Millrock's Oweegee, Willoughby and Todd Creek properties (the "Millrock Properties") in consideration for the issuance of 7,823,417 Sojourn common shares (the "Millrock Payment Shares"). The 1,800,000 Sojourn common shares previously issued to Millrock pursuant to the Millrock Options will be retained by Millrock, and will not comprise part of the Millrock Payment Shares.

(c) The Millrock PPA will further provide that Sojourn will pay Millrock $250,000 as reimbursement for project costs incurred in 2017.

(d) The Millrock PPA will further provide for the modification of Millrock's NSR interests. These modifications will include a royalty buyback provision on the Oweegee and Willoughby properties such that Sojourn can purchase 1% of the NSR payable to Millrock for $1 million.

(e) Those tenures comprising the Todd Creek property which are not associated with existing NSR agreements will be subject to a 2% NSR payable to Millrock. Those tenures comprising the Todd Creek property which are associated with existing NSR agreements will be subject to a 1.5% NSR payable to Millrock. In each case, Sojourn can purchase 1% of the NSR payable to Millrock for $1 million.

Concurrently with the closing of the proposed transaction, Sojourn's board will be reconstituted to comprise five directors, being Dr. Tyler Ruks, Dave Broughton, Gregory Beischer, John Meekison and Don Lay. In addition, SDE has assembled an experienced, award-winning technical team with a strong background in regional tectonics and metallogeny of the northern Cordillera, and a history of success as Project Generators and mine finders.

The SDE team will serve as incoming management for Sojourn and includes Chief Executive Officer - Dr. Tyler Ruks, Chief Operating Officer - Nigel Luckman, and Vice President Exploration - Jeff Kyba (former B.C. Geological Survey District Geologist for northern British Columbia). The SDE team will also provide an incoming technical advisory group for Sojourn including renowned Cordilleran geology expert, former British Columbia Geological Survey geologist, and British Columbia Association for Mineral Exploration (“AME”) award winner JoAnne Nelson, seasoned exploration professional and mine finder John Bradford, and David Broughton, who while with Ivanhoe, was co-leader of the Kamoa exploration team that was the 2015 recipient of the Prospectors & Developers Association of Canada's prestigious Thayer Lindsley Award for International Mineral Discovery. David was also honoured in 2016 as co-recipient of AME BC's 2016 Colin Spence Award for Excellence in Mineral Exploration for the discovery of Flatreef deposit.

The SDE properties give Sojourn (and therefore Millrock) exposure to three of B.C.'s most productive belts for porphyry copper-gold exploration, the Toodoggone District (Oxide Peak), the northern Quesnel Trough (Eagle), and the Late Cretaceous Bulkley intrusions of the Skeena Arch (Rip), as well as a newly discovered Miocene porphyry belt in Northern Vancouver Island (Teeta Creek). Along with the Golden Triangle projects that Millrock has contributed, Sojourn will have a strong property portfolio with which to begin its Project Generator mineral exploration business.

Seven Devils President Tyler Ruks commented: “We have been fortunate at Seven Devils to have assembled a top-notch team whose track record of discovery has resulted in exceptional returns for shareholders. Our team has a long and successful history as Project Generators, having recently explored with some of the biggest and best names in mining, including Freeport McMoRan, Robert Friedland, ITOCHU, and Antofagasta. Millrock is one of North America’s top Project Generators. With Sojourn, they have done an exceptional job in assembling a large and highly prospective land position in the Golden Triangle, one of North America’s premier base and precious metals districts. This, combined with Jeff and JoAnne’s unrivaled knowledge of Golden Triangle geology and exploration potential, will provide us with a unique advantage on the road to discovery. We are delighted to be joining forces with Millrock and Sojourn, and in doing so, forming the next big name in mineral exploration.”

Qualified Person
The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Partner PolarX Expands Alaska Range Copper-Gold Project, Alaska

VANCOUVER, BRITISH COLUMBIA, January 31st, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that PolarX (ASX: PXX) (“PolarX”) has issued a press release concerning the recent expansion of the Alaska Range copper-gold project in Alaska. PolarX has staked 34 additional claims to cover possible extensions of mineralized zones. The claim block now covers over 240 square kilometers.

Millrock presently owns 10.74% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project. Millrock is operating exploration programs on behalf of PolarX.

Final assays from the 2017 drilling program and a resource estimate for the Zackly copper-gold deposit are expected to be released by PolarX soon.


About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.


ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO


FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Provides Corporate Update for 2018 and Yearly Review for 2017

VANCOUVER, BRITISH COLUMBIA, January 15th, 2018 - Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or “the Company”) is pleased to provide an update on its exploration activities, an overview of the Company’s goals and growth plans for 2018, as well as a review of 2017 accomplishments.

Millrock continues to rigorously follow the Project Generator-Joint Venture business model and in 2017 took advantage of the numerous acquisitions it has made over the past few years.

“Metal prices and investor interest fluctuated significantly over the year, but despite the market fluctuations, we were successful in delivering on the two areas most important to our approach to early-stage mineral exploration: new funding partnerships and new project generation.” stated Company President and CEO Greg Beischer, when reflecting back on 2017.

In 2017, exploration expenditures exceeded US$5 million, of which 90% was funded by partners through earn-in option agreements. Exploration work was completed on nine projects and Millrock attracted two new earn-in partners. Revenue from property payments and exploration management fees helped to offset overhead costs.

The following is a highlight of Millrock’s most-notable advancements:

2017: A Year in Review

Generation, Partnerships, & Exploration

Alaska

Liberty Bell Gold Project (In partnership with Kinross)
Millrock announced that it entered into an Option to Joint Venture Agreement with an affiliate of Kinross Gold Corporation on its Liberty Bell project in Alaska. Kinross can earn a 70% interest in the project by making exploration expenditures of US$5.0 million over four years, and Millrock is entitled to receive advanced minimum royalty payments and management fees as the project operator.

During the summer field season, Millrock executed a geochemical exploration program on the project, with more than 1,600 soil samples, as well as stream sediments and rock samples being collected from the property. Plans for follow up work, including drilling, are currently being formulated.
 

Stellar Copper-Gold Project (In partnership with PolarX)
Millrock sold its Stellar copper-gold project for an equity stake in a new Alaska exploration and development company – PolarX Limited (ASX: PXX). Induced Polarization geophysical surveys were completed in advance of a 2,055m drilling program designed to delineate the high-grade copper-gold mineralization at the Zackly prospect. Indicators for a larger scale porphyry copper-gold deposit were confirmed. A major exploration program is being contemplated by PolarX. Millrock presently owns 10.74% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project. Millrock operates exploration on the project in return for a management fee.

 

Mexico

Strategic Alliance with Centerra Gold
Throughout 2017 Millrock worked with Centerra Gold in a strategic alliance agreement focused on gold projects in Sonora, Mexico. Under the alliance, Millrock executed generative exploration and evaluated prospective properties to develop gold exploration projects. The agreement was concluded at the end of 2017. The most significant outcome was the formulation of the El Picacho gold project.
 

El Picacho Gold Project (In partnership with Centerra Gold)
This project targets orogenic gold deposits. A number of prospects were identified in 2017 through prospecting, geological mapping, soil geochemical surveys and magnetic and induced polarization geophysical surveys. Further work plans are being formulated for each prospect. Drilling of the best prospects is being contemplated later in the year. Centerra Gold can earn an 80% interest by making exploration expenditures, as well as cash payments to the underlying third-party owner of the mineral and surface rights.
 

La Navidad Gold Project (In partnership with Centerra Gold)
Millrock acquired an option on La Navidad Gold Project and shortly after made a joint venture agreement with Centerra Gold. A comprehensive surface exploration program was executed to expand upon gold intersections known from historic drilling. A drilling program consisting of 2,200m in twelve holes was completed in December. Results are pending.
 

Violeta Gold Project
Millrock sold its Violeta concession, bringing in $10,000 and 100,000 Riverside shares, as well as a 0.5% Net Smelter Returns royalty.

 

British Columbia

Oweegee Dome Copper-Gold Porphyry Project (In partnership with Sojourn Exploration)
Millrock entered into an agreement to option the Oweegee Dome and Willoughby projects to Sojourn Exploration in return for a 12.6% stake in the company, and royalty interests. Promptly after the agreement was signed, a comprehensive stream sediment sampling and targeted soil sampling program on the Oweegee Dome project was executed. The work, which was funded by Sojourn, indicated strongly anomalous metal concentrations in the immediate vicinity of several of the high-potential geophysical targets. The targets are ready to drill.
 

Willoughby Gold Project (In partnership with Sojourn Exploration)
At Willoughby, where high-grade gold has been intersected by historic drilling, prospecting was carried out along the edges of receding alpine glaciers. A new mineralized zone was discovered and drilling is the next step for the project.
 

Todd Creek Gold Project (Millrock funded)
Millrock carried out a property-wide stream sediment sampling program in 2017. Two new prospect areas were identified and Millrock is presently negotiating an earn-in agreement with a funding partner.
 

Corporate Advancements:

In February 2017, Millrock was named to the 2017 OTCQX® Best 50, a ranking of the top performing companies traded on the OTCQX market in the previous year. Out of more than 400 companies, Millrock ranked in the top ten with a change in Average Daily $ Volume of 1,341% and a 2016 Total Return of 118%.

To close the year, Millrock completed a $1.7M private placement, strengthening its cash position and setting the foundation for 2018.

The company intends to continue to rigorously follow the Project Generator business model throughout 2018 and outlines the following key catalysts and growth plans for the year:

 

2018 Corporate Update

Growth Plans and Potential Catalysts

We continue to carry forward into 2018 the spirit of optimism that has proved so valuable for us over the previous years. The cycle has changed for the better and Millrock is well situated to take advantage. We have a number of strong chances to make a transformative mineral deposit discovery in the year ahead.” stated Gregory Beischer.

Some key milestones Millrock intends to execute on are:

  • Drilling at the Alaska Range copper-gold project, Alaska;
  • Drilling at the Liberty Bell gold project, Alaska;
  • Developing partnerships on projects in the Golden Triangle District, British Columbia;
  • Developing new partnerships on gold, silver and zinc projects in Mexico;
  • Further drilling at the La Navidad gold project, Mexico;
  • Drilling at the El Picacho gold project, Mexico; and
  • New projects and new partnerships in the southwest USA, Alaska, Mexico, and British Columbia.

 

The technical information within this document has been reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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 A. Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 toll free
Millrock Resources Inc. 
2300-1177 West Hastings Street
Vancouver, BC Canada
V6E 2K3

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."

 

Millrock Amends Option Agreement For Todd Creek Project, Corrects Prior Disclosure, Stewart, British Columbia

VANCOUVER, BRITISH COLUMBIA, December 22, 2017 – Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") reports an amendment to the option agreement covering the Todd Creek claims, Skeena Mining District, British Columbia, whereby Millrock will issue 550,000 common shares to 802213 Alberta Ltd. (100% owned by Kelly B. Funk). This all-share payment is made in lieu of a combination cash/share payment with a value of $135,000, or an all-cash payment of $90,000. The shares will bear a legend that restricts trading until April 23, 2018.

Also, Millrock wishes to make a correction to its press release on December 18, 2017. The heading for gold in the table of results incorrectly indicated parts per billion (ppb) gold instead of parts per million (ppm) gold. The corrected table appears below.

 Todd Creek Stream Samples

Todd Creek Stream Samples

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. All samples were collected by Equity Engineering Consultants Ltd. (“Equity”) personnel under contract to Millrock and securely stored until delivery to the ALS Minerals prep lab in Terrace, British Columbia. After preparation, the samples were sent for analysis at the ALS Minerals Ltd. North Vancouver, BC laboratory, a 17025:2005 certified facility. Equity implemented a QA/QC program utilizing duplicate sampling and blanks at an average rate of one duplicate or blank per 15 samples. No QA/QC anomalies were noted in the analyses.  All results from blanks, standards, and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited., and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Reports on Stream Sediment Sampling Program at Todd Creek Project, Golden Triangle District, British Columbia

VANCOUVER, BRITISH COLUMBIA, December 18, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report results from a stream sediment sampling program carried out on its Todd Creek project. The survey covered an area measuring 6 kilometers by 16 kilometers.

Multi-element anomalies were returned in areas of known base and precious metal mineralization which extend for 10 kilometers along the Todd Creek valley. The valley reflects a major faults system that appears to control and localize base and precious metal mineralization. The area around the previously documented Falls Creek, Orange Mountain and Yellow Bowl occurrences were found to be anomalous in gold, silver, copper, lead and zinc over an area measuring approximately 1.5 kilometers in diameter. Pathfinder elements of cadmium, barium, phosphorous and antimony were strong, and tellurium, a mineral frequently found in association with gold, was particularly anomalous in seven samples collected in a one-kilometer diameter area.

Additionally, two new prospect areas were also highlighted.  These have been named Surveyor and MJ. The map included as Figure 1 shows the location of the Todd Creek property in relation to the adjacent claim blocks held by Pretivm and Seabridge, upon which are situated the Brucejack high-grade gold mine and the KSM porphyry copper-gold deposit, respectively. Figure 2 shows the new anomalous areas and other surface mineral occurrences that had been documented by prior workers.

The Surveyor area is anomalous in gold, silver, copper, molybdenum, lead, zinc, and pathfinder elements cadmium, antimony, tungsten, sulfur and phosphorous. Of particular note is strong nickel anomalism. The area is primarily underlain by Lower to Middle Jurassic volcanic and rocks of the Hazelton Group, a stratigraphic level known to be productive for mineral deposits in the Golden Triangle District. Previously in 2011 geophysical surveys were compiled and processed by an earlier property owner. A Versatile Time Domain Electro Magnetics (“VTEM”) survey and magnetic survey were examined. Several conductive zones with a strong magnetic disruption response were noted in the vicinity of the Surveyor geochemical anomaly, and are potentially indicative of porphyry-style mineralization. These coincident VTEM, mag and multi-element stream sediment anomalies that comprise the Surveyor prospect will be a priority for follow up in 2018.

The second new area of interest identified by the stream sediment program has been named MJ and is anomalous in gold, copper, molybdenum, lead, zinc, and pathfinder elements barium, germanium, tellurium, tungsten, uranium, and niobium. Geophysical surveys also indicate possible porphyry style mineralization. Millrock consultants familiar with historic work on the Todd Creek project report that this valley was filled with snow and ice in 2008, the last time which exploration crews were active on this project. This portion of the project is largely covered by the Todd Icefield. The MJ area will also be a high priority for follow up in 2018.

A total of 238 stream sediment samples was collected in the 2017 program. The sampling work was done under contract by Equity Exploration Consultants Limited (“Equity”) in September 2017. The following table summarizes the results.

Screen Shot 2017-12-21 at 6.55.02 PM.png

The Todd Creek project is favourably situated about 30 kilometers southeast of the high-grade Brucejack gold mine and 30 kilometers northeast of the town of Stewart. Highway 37A passes through the property. The property is prospective for precious-metals-enriched polymetallic volcanogenic massive sulfide deposits and porphyry copper-gold deposits.

There are numerous, known occurrences and small deposits documented on the property and large alteration zones indicating significant mineralizing systems. The Todd Creek project is described in more detail on Millrock’s website at this link.

 Figure 1 - Todd Creek - Relationship To Deposits

Figure 1 - Todd Creek - Relationship To Deposits

 Figure 2 - New Anomalous Areas And Other Surface Mineral Occurrences

Figure 2 - New Anomalous Areas And Other Surface Mineral Occurrences

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. All samples were collected by Equity Engineering Consultants Ltd. (“Equity”) personnel under contract to Millrock and securely stored until delivery to the ALS Minerals prep lab in Terrace, British Columbia. After preparation, the samples were sent for analysis at the ALS Minerals Ltd. North Vancouver, BC laboratory, a 17025:2005 certified facility. Equity implemented a QA/QC program utilizing duplicate sampling and blanks at an average rate of one duplicate or blank per 15 samples. No QA/QC anomalies were noted in the analyses.  All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc. 

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free) 

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.

Millrock Closes Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA, December 15, 2017 – Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") reports that the non-brokered private placement announced on November 28, 2017 has closed and a total of 6,970,000 Units (the “Units”) at a price of $0.25 per Unit were issued for gross proceeds of $1,742,500.

Each Unit consisted of one common share and one share purchase warrant (a “Warrant”) entitling the holder to purchase one additional common share for $0.35 per Share until December 15, 2018, thereafter for $0.45 per Share until December 15, 2019 and thereafter for $0.55 per Share until December 15, 2020. 

Finder’s fees were paid as follows: $600 to Sprott Private Wealth LP, $41,325 to Sprott Global Resource Investments, Ltd., $10,500 to Red Plug Capital Corp, $3,000 to Canaccord Genuity Corp., $4,200 to Haywood Securities Inc. and $600 to Leede Jones Gable.

The common shares, Warrants and all common shares issuable upon exercise of Warrants are subject to a four month hold period and may not be traded until April 16, 2018.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited., and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

 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.

Millrock Partner Sojourn Reports Stream Sediment and Soil Sampling Results From Oweegee Dome Project, Golden Triangle District, British Columbia

VANCOUVER, BRITISH COLUMBIA, December 7, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that sampling results for a comprehensive stream sediment sampling program and a targeted soil sampling program have been reported by partner Sojourn Exploration Inc., (TSX-V:SOJ) (“Sojourn”). The work program was recommended by Millrock as a logical follow-on step from the airborne geophysical survey and data compilation exercise that it had completed in 2016 – before Sojourn optioned the property. The geophysical surveys had identified a series of thirteen porphyry copper-gold targets, as well as five targets thought to represent possible volcanogenic sulfide mineralization.

The work was funded by Sojourn and indicates strongly anomalous metal concentrations in the immediate vicinity of several of the high-potential geophysical targets.

Phil St. George, Millrock’s Chief Exploration Officer, stated: “There is potential for both porphyry copper-gold deposits and volcanogenic massive sulfide deposits on this large land holding. Millrock and Sojourn have identified numerous high-priority drill targets through systematic, property-wide exploration; an approach that had been previously lacking. The targets are situated at the same stratigraphic level that has produced many other mines and deposits known to exist in the Golden Triangle District, and will be well worth drill testing.”

A total of 464 stream sediments and 324 soils were collected. Sojourn indicates in their press release the following summary of results:

Sojourn is earning a 100% interest in the Oweegee Dome property from Millrock by making share issuances totaling 2,300,000 common shares and completing $2,000,000 in exploration over the next three years.

Millrock holds a production royalty on the large claim block, which exceeds 300 square kilometers in area. It is located 75 kilometers northwest of Stewart, British Columbia, and is bisected by Highway 37 and the Northwest Transmission Line.

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. All samples were collected by Equity Engineering Consultants Ltd. (“Equity”) personnel under contract to Millrock and securely stored until delivery to the ALS Minerals prep lab in Terrace, British Columbia. After preparation the samples were sent for analysis at the ALS Minerals Ltd. North Vancouver, BC laboratory, a 17025:2005 certified facility. Equity implemented a QA/QC program utilizing duplicate sampling and blanks at an average rate of one duplicate or blank per 15 samples. No QA/QC anomalies were noted in the analyses. All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

The scientific and technical information disclosed within this document has been reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited., and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free) 

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.

Millrock Partner Polarx Reports Further Drill Results From Zackly Copper-Gold Deposit, Alaska Range Project, Alaska

VANCOUVER, BRITISH COLUMBIA, December 6, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that PolarX (ASX: PXX) (“PolarX”) has issued a press release announcing results for two further drill holes that intersected the Zackly high-grade copper-gold deposit situated on the Alaska Range Project. Drilling was completed in late September of 2017.

The work was executed by Millrock on behalf of PolarX. Millrock presently owns 10.74% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project. 

Assay results from the first five holes drilled into the zone intersected copper and gold mineralization from near-surface, as were reported in an earlier press release. The two additional holes now reported by PolarX further confirm the grade and thickness of the deposit.

The highlights of the results are:

 
Screen Shot 2017-12-05 at 5.11.18 PM.png
 

Note: The mineralized intervals reported are down-hole, measured thickness. There is insufficient interpretation of the mineralization to confidently report “true widths”. However, it is noted that the mineralized lenses appear to be relatively steeply dipping. As such, “true widths”, depending on hole dip angle, will be 50% to 60% of the reported down-hole, measured thickness.

 The detailed PolarX press release can be read here.

Additional assay results from the remaining holes of the drill program will be available in January.

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. Drill core samples are kept in a secure location at all times. Representative quarter-core samples were collected and assayed at ALS Chemex laboratories in Vancouver, Canada and Reno, Nevada, USA. Gold was analyzed by Fire Assay (specifically ALS code Au-AA25 - Au by fire assay and AAS using a 30g nominal sample weight). Other elements (33 in total including copper) were analyzed using ALS method code ME-ICP61 which involves a four-acid digest and an ICP-MS finish. Over range (Cu >= 1%) was analyzed using ALS method code ME-OG62 which involves a four-acid digest and an ICP-AES or AAS finish. The following QA/QC protocols have been adopted for this program: 1) Duplicates were created as coarse crush duplicates on every 20th sample in the sample preparation process at the laboratory, and 2) Blanks every 20th sample, and 3) Standards – Certified Reference Material (CRM’s) every 20th sample plus additional random insertions at supervising geologist’s discretion. All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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.

Millrock Announces Private Placement Financing

Not for distribution to United States newswire services or for dissemination in the United States.

VANCOUVER, BRITISH COLUMBIA, November 28, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") announces that it plans to raise gross proceeds of up to $1,600,000 through a non-brokered private placement of up to 6,400,000 units (the “Units”) priced at $0.25 per Unit. Each Unit will consist of one common share and one share purchase warrant (the “Warrants”). Each Warrant will entitle the holder to purchase one additional common share at an escalating exercise price over a period of three years from the closing date as follows:

  • During the first year from the closing date the warrants will be exercisable at $0.35 per share;
  • Thereafter, during the second year from the closing date, $0.45 per share; and
  • Thereafter during the third year from the closing date, $0.55 per share.

Finder’s fees of 6% cash or the equivalent in Units may be paid in connection with this financing.

The securities issued under this financing will be subject to a hold period of four months from the closing date. Millrock intends to use the proceeds for exploration and development of its properties and for general corporate purposes.

This financing is subject to receipt of TSX Venture Exchange acceptance.

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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."

Millrock Partner Sojourn Reports Rock Sampling Results From Willoughby Project, Golden Triangle District, British Columbia

VANCOUVER, BRITISH COLUMBIA, November 27, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that sampling results have been reported by partner Sojourn Exploration Inc., (TSX-V:SOJ) (“Sojourn”). Sojourn indicates in their press release that it has discovered important new zones of mineralization at the Willoughby Project, located in the Golden Triangle district of British Columbia, during the Company’s recent surface prospecting program. The new zones of bedrock mineralization are located in some of the freshly exposed bedrock revealed by recent retreat of glaciers and snowfields.

Sojourn reports that of the 60 bedrock and float random grab samples collected across the Willoughby property, 16 returned values in excess of 1 gram per tonne (g/t) gold, three of which returned values in excess of 5 g/t with a maximum value of 8.15 g/t. A shallowly west dipping, one-meter thick quartz sulfosalt shear vein was discovered and mapped over a 250-meter strike length. The vein lies below the historic Main Zone drill collars roughly parallel to the Main Zone. One-meter chip samples across the vein returned values of:

  • 3.88 g/t Au and 2.42 g/t Ag;
  • 1.93 g/t Au and 4.81 g/t Ag;
  • 2.76 g/t Au and 92.1 g/t Ag;
  • 1.87 g/t Au and 2.13 g/t Ag; and
  • 0.56 g/t Au and 1.24 g/t Ag. 

A grab sample of locally derived sulfide talus down slope from the exposure returned 6.18 g/t Au and 206 g/t Ag. The shear vein pinches out to the south and is open to the north underneath the North Willoughby Icefall.

Sojourn also noted that there are indications of possible massive sulfide mineralization within limestone located in the northern section of the claim block. A talus grab sample of very angular, locally derived gossanous vuggy limestone returned a result of 17.25% zinc. This sample was collected from rubble crop on a ridge above the glaciers and very close to the summit.  It is coincident with a significant color anomaly around the summit. Investors are cautioned that this sample is a selective sample and is not necessarily representative of the mineralization hosted on the property.

Sojourn is earning a 100% interest in the Willoughby property from Millrock by making share issuances totaling 1,840,000 common shares and completing $2,000,000 in exploration over the next three years. Millrock holds a production royalty and certain milestone payments may be payable to a third party that vended the Willoughby claim to Millrock. Millrock managed the recent exploration program on behalf of Sojourn.

Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. All samples were sent to the ALS Minerals Ltd. prep lab in Terrace, British Columbia for subsequent shipment and analysis at the ALS Minerals Ltd. North Vancouver, BC laboratory, a 17025:2005 certified facility. All samples were collected by Alaska Earth Sciences personnel under contract to Millrock and securely stored until delivery to ALS Minerals Terrace. At this early stage of exploration, Millrock and Sojourn is relying on the certified standards utilized by ALS Minerals as part of it analysis protocols. No QA/QC anomalies were noted in the analyses. 

All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

The scientific and technical information disclosed within this document has been reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101. 

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.

ON BEHALF OF THE BOARD

 “Gregory Beischer”

 Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free) 

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.

Millrock Partner PolarX Reports Drill Results From Zackly Copper-Gold Deposit, Alaska Range Project, Alaska

VANCOUVER, BRITISH COLUMBIA, November 23, 2017 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to announce that PolarX (ASX: PXX) (“PolarX”) has issued a press release concerning the recently completed drilling program at the Alaska Range Project in Alaska. Results from the first five holes of the program are reported. The Alaska Range Project is a new name given to the combined Stellar and Caribou Dome projects.

The work was executed by Millrock on behalf of PolarX. Millrock presently owns 10.74% of the issued and outstanding shares of PolarX and is entitled to certain milestone and royalty payments on portions of the project. 

Assay results from the first five holes drilled into the deposit confirm the presence of high-grade copper and gold from near surface.
 

PolarX reported the following highlights drill intervals:

  • 14.5m @ 2.5% Cu and 2.0 g/t Au from 34.9m in hole ZM-17007
  • 5.3m @ 2.0% Cu and 2.7 g/t Au from 9.7m in hole ZM-17006
  • 3.5m @ 3.9% Cu and 2.2 g/t Au from 99.1m in hole ZM-17002
  • 2.8m @ 2.6% Cu and 0.5 g/t Au from 227.4m in hole ZM-17005

Note: The mineralized intervals reported are down-hole, measured thickness. There is insufficient interpretation of the mineralization to confidently report “true widths”. However, it is noted that the mineralized lenses appear to be relatively steeply dipping. As such, “true widths”, depending on hole dip angle, will be 50% to 60% of the reported down-hole, measured thickness.
 

PolarX also reported that the results indicate:

  • mineralization is over wider intervals than previously expected (in comparison to historic drilling in two of the first holes);
  • the deposit extends further along strike than previously thought; and
  • it remains open along strike and at depth.


The detailed PolarX press release can be read here.


Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (QA/QC) standards. Drill core and samples are kept in a secure location at all times. Representative quarter-core samples were collected and assayed at ALS Chemex laboratories in Vancouver, Canada and Reno, Nevada, USA. Gold was analyzed by Fire Assay (specifically ALS code Au-AA25 - Au by fire assay and AAS using a 30g nominal sample weight). Other elements (33 in total including copper) were analyzed using ALS method code ME-ICP61 which involves a four-acid digest and an ICP-MS finish. Over range (Cu >= 1%) was analyzed using ALS method code ME-OG62 which involves a four-acid digest and an ICP-AES or AAS finish. The following QA/QC protocols have been adopted for this program: 1) Duplicates were created as coarse crush duplicates on every 20th sample in the sample preparation process at the laboratory, and 2) Blanks every 20th sample, and 3) Standards – Certified Reference Material (CRM’s) every 20th sample plus additional random insertions at supervising geologist’s discretion. All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

The scientific and technical information disclosed within this document has been prepared, reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.
 

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by 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, Altius, and Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc. 
 

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO
 

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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

Millrock Commences Drilling Program at La Navidad Gold Project, Sonora State, Mexico

VANCOUVER, BRITISH COLUMBIA, November 9, 2016 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that the first phase of surface exploration on the La Navidad gold project is near completion, and a drilling program has begun. The project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic gold deposits. Highlights of a rock sampling program include:

  • 24 meters grading 0.9 grams per tonne gold;
  • 12 meters grading 1.1 grams per tonne gold;
  • 14 meters grading 0.8 grams per tonne gold.

A drilling program consisting of approximately 2,000 meters in nine drill holes is in progress and is planned for completion in December.

Since forming an option to purchase agreement with the underlying mineral right owner in June 2017, and a simultaneous option to joint venture agreement with Centerra Gold Inc. (“Centerra”), Centerra and Millrock have collaborated to execute a comprehensive exploration program. Centerra is funding the exploration work to earn an interest in the project.

The La Navidad project targets bulk minable, run-of-mine, oxidized deposits that could be processed by heap leaching. The prospects at La Navidad bear the characteristics of an orogenic gold system similar in nature to other gold deposits being mined in the district, including:

  • Lluvia de Oro (Metallōrum Holding);
  • Santa Gertrudis (Agnico Eagle Mines Limited); and the
  • San Francisco Mine (Alio Gold Inc.).

Alio Gold’s San Francisco Mine is a prime example of the type of deposit sought by Millrock and Centerra. On their website, Alio Gold reports:

  • Measured & Indicated Resources (inclusive of Reserves) –74.8 million tonnes grading 0.541 grams per tonne gold, containing 1.3 million ounces of gold
  • Proven & Probable Reserves – 54.8 million tonnes grading 0.527 grams per tonne gold containing 0.9 million ounces of gold.


Exploration Program and Summary Results

Soil sampling across the entire property was successfully completed. In total, 1,082 samples were collected and 886 samples have been analyzed. Results are still pending for 196 samples. Of the samples that have results, multiple zones of anomalous gold in soil were identified, with 248 of the 886 analyzed samples containing in excess of 50 parts per billion gold.

Three main prospect areas have been identified – Anchor, Horseshoe, and Cobre and these are described in more detail below.

Magnetic geophysical surveys (82 kilometers) and dipole-dipole induced polarization (“IP”) geophysical surveys (20 kilometers) were carried out to image bedrock features beneath surface. Magnetics helped map the lithological units. IP identified zones of strong chargeability and supports an interpretation of gently-dipping rock units. Known gold mineralization is hosted in low to moderately resistive rock units, enclosed above and below by moderately resistive rocks.

Geological mapping was carried out across the entire property. The geology is complex and contains multiple deformed rock types. Biotite gneiss and metasediments are intruded by granodiorite, diorite and granite. Hydrothermal alteration is widespread in these rocks and corresponds to northwest trending and northeast trending structural zones. Mineralization appears to be associated with iron carbonate minerals (siderite predominantly), fine disseminated pyrite, with sericitization and silicification of the metasedimentary and gneissic host rocks.

The numerous roads and trails present on the property were upgraded and refurbished with a bulldozer, creating continuous rock exposures in altered and mineralized zones. Detailed mapping was done along rock exposures in road cuts. Continuous chip-channel rock sampling was also done along the road cuts and strongly anomalous gold was detected over significant widths, as outlined under the prospect descriptions below. A total of 575 rock samples were collected. Of these, 83 samples contained gold grades above 0.5 parts per million (ppm) and 49 of the samples contained more than 1.0 ppm.
 

Anchor Prospect

A strong gold anomaly (with silver, lead, zinc, arsenic, antimony, tellurium and bismuth – a suite typical of orogenic deposits) was detected at the Anchor prospect. The anomaly is strongest in the vicinity of prior drilling but extends northward for a distance of 800 meters. Prior workers reported reverse circulation drill holes with significant gold grades and intervals, as indicated in an earlier press release. These drill holes were drilled in the southernmost portion of the 800 meter long gold-in-soil anomaly that has been recently delineated.

Gold mineralization is predominately controlled by low angle structures containing siderite-quartz-calcite veinlets, striking in a northwesterly direction. Alteration is controlled by structures and lithology. In the areas containing biotite gneiss, the predominant alteration is sericite, iron carbonate and weak chloritization. In quartz feldspar gneiss, the predominant alteration is weak to moderate sericitization. These rocks also contain iron carbonates (predominantly siderite) and sulfide box works. The altered zones are oxidized.

While some sample results are pending, some of the better chip-channel intervals include:

Figure 1 - Anchor Chip-Channel Intervals.jpg

The intervals reported represent apparent width. True width cannot be confidently determined at present.
 

Horseshoe Prospect

A strong gold anomaly (with silver, lead, bismuth arsenic, and zinc) was detected at the Horseshoe prospect. This is in an area which appears not to have been previously identified as prospective. The anomaly measures approximately 500 meters long by 450 meters wide. The Horseshoe area is underlain by medium grained biotite gneiss and fine grained quartz feldspar gneiss and metasediments. To the north these rocks are in contact with hornblende gabbro. Gold mineralization is associated with quartz - sericite - pyrite alteration and occurs in quartz – calcite - siderite veins and veinlets.

While some sample results are pending, some of the better chip-channel intervals include:

Figure 2 - North Horshoe Chip-Channel Intervals.jpg

The intervals reported represent apparent width. True width cannot be confidently determined at present.
 

Cobre Prospect

A large, strong, gold and copper anomaly was also detected at the Cobre prospect. The anomaly measures approximately 2,000 meters by 1,000 meters. Rock types include gneiss with limestone and metasediment lenses. An east-west trending quartz - sericite alteration zone contains copper showings. Chip channel samples have been collected in select areas and results are pending. Systematic trenching and road cut sampling is in progress.


Quality Control – Quality Assurance:

The technical information within this document has been reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.

Millrock adheres to stringent Quality Control – Quality Assurance standards. Rock samples were delivered from the project site by Millrock personnel to Bureau Veritas lab in Hermosillo, Mexico for analysis. Samples were kept in a secure location prior to delivery to the laboratory.  Analysis methods used include FA430 (30 gr/Fire Assay/AAS) and AQ-200 (Aqua Regia – ICP/MS). For every 20 rock samples, a blank sample known to contain no gold and a standard sample of known gold concentration were also analyzed. Three different standards were utilized including MEG-Au 11.15 (3.4 ppm Au), MEG-Au 12.11 (1.5 ppm Au) MEG-Au 13.01 (0.31 ppm Au).  All results from blanks, standards and duplicates were reviewed and found to be accurate within acceptable tolerances for results obtained to date.

 

About Millrock Resources Inc.
Millrock Resources Inc. is a premier project generator to the mining industry. 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 is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: Kinross, Centerra Gold, First Quantum, Teck, Vale, Inmet, Altius, and Riverside. Millrock is a significant shareholder of junior explorers PolarX Limited and Sojourn Exploration Inc. 

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

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."