Willoughby
Status
Sold to Arcwest Exploration (formerly Sojourn Exploration) on September 14th, 2018
Location and Setting
The Willoughby property is located in northwest British Columbia’s mineral-rich Golden Triangle, Skeena Mining Division of British Columbia, about 26 km east of the Town of Stewart. The Red Mountain Au-Ag deposit being developed by IDM Mining is located about 7 km to the west across the Cambria Icefield. Highway 37A and the Stewart power line are located about 14 km to the north.
Royalty
Millrock sold the property to Arcwest Exploration Inc., (TSX-V: AWX) ("Arcwest") and now owns 9,623,417 Arcwest shares, representing a 16.1% interest in the company.
Millrock holds a 2% royalty, buyable down to 1% for $1 million, on the project.
THE TECHNICAL INFORMATION WITHIN THIS DOCUMENT HAS BEEN REVIEWED AND APPROVED BY GREGORY A. BEISCHER, PRESIDENT & CEO OF MILLROCK RESOURCES INC. MR. BEISCHER IS A QUALIFIED PERSON AS DEFINED IN NI 43-101.
THE INFORMATION IN THIS SUMMARY HAS BEEN DERIVED FROM A NI-43-101 REPORT THAT WAS PREPARED BY SOJOURN AND HAS BEEN SUBMITTED TO THE TSX-V. A COPY OF THE REPORT CAN BE FOUND AT THIS LINK.