Highlights: Millrock has executed a definitive Option to Joint Venture agreement with Resolution Minerals Ltd. concerning Millrock’s district-scale 64North gold project in eastern Alaska . The legal due diligence period was successfully completed, and Resolution has provided the required US$500,000 exploration advance. Funding provided by Resolution has been used to: ° Complete a geophysical survey to further [...]
Highlights: Millrock has received its exploration permits for camp construction, drill road construction, and exploration drilling, and trenching. Millrock and N27 are planning a US$5.0 million exploration program that will include a thorough test of drill targets established on the West Pogo Block. The Company has received an expanded and updated Pogo Mine Road Use Permit to allow passage of semi-truck and trailers in [...]
Highlights: Millrock has executed a Binding Term Sheet and granted an exclusive legal due diligence period to ASX-listed company Northern Cobalt Limited concerning its district-scale Goodpaster Gold Project in eastern Alaska. Upon successful due diligence, the parties will enter an Option to Joint Venture agreement with pre-determined business terms. Initial Year 1 investment of US$5,000,000 in exploration expenditures to [...]
Millrock Resources Inc. announces that it has received results of a Controlled Source Audio Magneto Tellurics survey recently conducted on its West Pogo claim block, which comprises a portion of its Goodpaster Gold District exploration project. Gently dipping conductive zones potentially indicative of gold mineralization in the same regional shear zone that hosts the Pogo Gold Mine have been detected. The anomalous [...]
Millrock Resources Inc. is pleased to provide the following update on activities that have occurred over the past calendar quarter. President & CEO Gregory A. Beischer commented: “The moves Millrock has made over the past three months has positioned the company well for what appears to be a coming bull market in precious metals. We have developed an enviable gold project portfolio that is attracting funding [...]
Millrock Resources Inc. reports it has signed a binding letter agreement whereby First Quantum Minerals Ltd. has been granted the exclusive right to enter an option agreement on Millrock’s Dragonslayer porphyry copper-gold project in eastern Alaska. To earn the right FQML is funding geochemical surveys, mapping, and prospecting to a value of US$100,000. Results are anticipated in October. The work is focused on a [...]
Key Highlights: Millrock has sold five projects, a geological database, and exploration equipment to Riverside Resources. Consideration paid consists of cash, Riverside shares, and grant of royalties. Millrock’s Mexico exploration activities in Mexico now to be focused on El Batamote copper porphyry project. VANCOUVER, British Columbia, Sept. 12, 2019 -- Millrock Resources Inc. reports that it has entered definitive [...]
Millrock Resources Inc. reports a correction to the news release dated September 6, 2019. Finder’s fees paid in connection with Tranche 2 of the financing were as follows: $24,302.25 and 324,030 Finder’s Warrants to Redplug Inc. and $7,612.50 and 101,500 Finder’s Warrants to Haywood Securities Inc. Each Finder’s Warrant entitles the holder to purchase one additional common share at an escalating [...]
Millrock Resources Inc. reports the non-brokered private placement announced on July 10, 2019 has been completed and was over-subscribed. A total of 7,675,667 units at a price of $0.075 per unit have been issued in Tranche 2 for gross proceeds of $575,675.03, bringing total gross proceeds raised in the financing to $1,577,474.86. Each unit consists of one common share of Millrock and one share purchase warrant . Each Unit [...]
Millrock Resources Inc. announces the TSX Venture Exchange has granted Millrock an extension to the deadline to file final materials in respect of the private placement financing announced on July 10, 2019. The Company must complete the filing by September 25, 2019. About Millrock Resources Inc. Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages and operates [...]
Millrock Resources Inc. reports a portion of the non-brokered private placement announced on July 10, 2019 has closed. A total of 13,357,331 units at a price of $0.075 per unit have been issued in Tranche 1 for gross proceeds of $1,001,799.83. Each unit consists of one common share of Millrock and one share purchase warrant . Each Unit Warrant entitles the holder to purchase one additional common share at an escalating [...]
Millrock Resources Inc. announces that it plans to raise gross proceeds of between $1,000,000 and $1,500,000 through a non-brokered private placement of between 13,333,333 units and 20,000,000 Units at a price of $0.075 per Unit. It is the intention of the Company to provide an opportunity to existing, eligible Millrock shareholders to participate in the Offering. Non-accredited investors will be welcome to participate in [...]
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