Millrock has chosen Mexico as one of its target mineral exploration for the following reasons:
Excellent and proven geological potential to host major ore deposits;
Near-surface deposits can still be discovered;
Excellent infrastructure – road, rail, power, ports;
Secure and stable land tenure system;
Reasonable (though recently increased) taxation;
Reasonable regulation and permitting system;
Low cost of exploration and development;
Good public geological database;
Manageable security risk in the areas of the country we choose to work;
Acceptable political risk and geopolitical stability;
Recent mining law reforms are forcing long-held mining claims to relinquish (high work requirements after year 5);
Economic downturn has caused companies to abandon mining claims;
Great potential to generate numerous projects at low cost;
Strong possibilities to get earn-in partners to participate – favorably viewed jurisdiction.
We have a competitive advantage by virtue of our proprietary geological database and operational ability of our staff.