Highlights The amendment provides Millrock with additional equity exposure in Resolution Minerals in return for a reduction in earn-in exploration expenditure requirements. The amendment will allow Resolution Minerals to raise funds for continued drilling at the 64North gold project. Resolution Minerals indicates it plans to drill at the Sunrise and East Pogo prospects in 2021. VANCOUVER, British Columbia, Feb. 09, 2021 [...]
Resolution Minerals Ltd. executed an Option, Earn-in and Joint Venture agreement on 17 October 2019 as Northern Cobalt Ltd with Millrock Resources Inc . Change Fee As a change fee to the terms of the original agreement Resolution will issue Millrock 15 million Resolution Minerals Ltd. shares as consideration within 20 business days under RML's existing 7.1 placement capacity. Updated Terms of the Option, Earn-in & Joint [...]
Millrock Resources Inc. announced today that Resolution Minerals Ltd. has completed the requirements to earn an initial 30% interest in the 64North Gold Project located in the Goodpaster Mining District of interior Alaska. Resolution has exceeded the Year 1 exploration expenditure requirement of US$5.0 million, has paid Millrock US$50,000, and issued a further share payment of 10 million RML shares to Millrock. Resolution [...]
Highlights Broad, low-grade intrusion-hosted gold mineralization was sampled at the Sunrise prospect, West Pogo block. Continuous rock sampling in a road cut leading to the adjacent Aurora prospect area returned: ? 93.0 meters @ 0.29 grams per tonne gold including ? 27.0 meters @ 0.53 g/t gold with a maximum 1.0 meter interval @ 1.89 g/t gold. Partner Resolution minerals indicates its plans to test the new Sunrise [...]
Millrock Resources Inc. announces that it has sold its Treasure Creek, Ester Dome, and Liberty Bell projects to Alaska-domiciled subsidiary companies of Felix Gold Ltd. for a future share payment, US$210,000 in cash, and retained royalties. Felix Gold will have the right to secure 100% ownership in the projects in accordance with the underlying option agreements. Felix Gold is planning to undertake an initial public [...]
Millrock Resources Inc. , along with partner Resolution Mineral Inc. , has completed field exploration activities for the year at the 64North project. The project targets large-scale gold deposits in the Goodpaster District. The claims comprising the property are adjacent to the Pogo Mine, a multi-million ounce gold mine operated by Northern Star Resources. Millrock President & CEO Gregory Beischer commented, “We [...]
Millrock Resources Inc. updates that drilling continues at the Aurora Target on the West Pogo block of the 64North Gold project. Two holes are being drilled to provide further pierce points on the seven-meter thick quartz vein that was intersected on hole 20AU07, as reported in a September 28, 202 press release. Two holes totaling 1,100 meters are planned for the final phase of drilling in 2020. The first hole, which is [...]
Millrock Resources Inc. reports assay results from drilling from exploration drill holes 20EC05, 20RE06 and 20AU07 that have been recently completed at the Echo, Resolution, and Aurora targets on the West Pogo block of the 64North Gold project. The locations of the holes drilled so far this year on the West Pogo Block are shown in Figure 1, along with the locations of the Echo, Reflection, and Aurora target areas. Also [...]
Highlights: The planned program of 2,300 meters is nearing completion. Assay results from the first two holes have been received; results indicate anomalous gold and pathfinder values; further drilling is required. Geophysical surveys and field exploration at the Boundary Prospect, East Pogo Block are in progress and showing interesting targets. VANCOUVER, British Columbia, Sept. 10, 2020 -- Millrock Resources Inc. is [...]
Millrock Resources Inc. reports that it has engaged Dave Cross as the new Chief Financial Officer of the Company. Mr. Cross is a Chartered Professional Accountant , Certified General Accountant, and is a co-founder of Cross Davis & Company, a CPA firm that has focused on providing accounting and management services to publicly listed companies since 2010. In total, Mr. Cross has over 23 years of accounting experience [...]
Millrock Resources Inc. reports that the TSX Venture Exchange has approved two arm’s length property transactions in Alaska, announced on July 29, 2020. Millrock has secured the mineral rights to the Treasure Creek property through an Exclusive Rights Agreement . Millrock may, at any time up to September 30, 2021, enter an Option to Purchase Agreement with predetermined business terms. The ERA obligates Millrock to [...]
Millrock Resources Inc. reports that drilling at the Echo Target on the West Pogo block of the 64North gold project in Alaska has now begun. A heliportable drill rig is being used to test a strong CSAMT geophysical survey conductor in the down-dip direction from the nearby Goodpaster gold deposit located on the neighbouring claims held by Northern Star Resources Ltd. . In their August 13, 2020 press release Northern Star [...]
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