Millrock Resources reports that further to the Company’s news release dated June 21, 2022, the Company has borrowed a total of $500,000 from Redplug Capital Corporation and issued 2,000,000 common shares as a bonus to the Lender. The shares may not be traded until Nov 1, 2022. The proceeds of the loan will be used for general working capital. The scientific and technical information disclosed within this document has been [...]
Millrock Resources reports that it has entered into a Loan Agreement with Redplug Capital Corporation. The loan is in the amount of $500,000 and will be used for general working capital. Millrock intends to repay the loan within the coming year by 1) liquidation of shares that it holds in other companies, 2) sale of royalty interests, and/or 3) from proceeds that may be realized on sale or purchase agreements concerning [...]
Millrock Resources reports on advancements at the 64North gold exploration project, including an imminent drilling program. The project is the subject of an earn-in agreement whereby Resolution Minerals is earning a joint venture interest from Millrock. Drilling Program: The Resolution–Millrock technical team has developed a strong drill target area at the Tourmaline Ridge prospect. The target area was developed through [...]
Millrock Resources Inc. reports that Felix Gold has commenced drilling on the Treasure Creek gold project, which lies just north of the City of Fairbanks. Felix indicates that it plans to drill 7,000 meters with a small reverse circulation drill rig. Millrock has assigned its Treasure Creek mineral rights to Felix Gold in return for cash, shares and production royalties featuring advanced minimum royalty streams. Millrock [...]
Key Highlights: Surface geochemical program completed August 2021 identified new gold in soil anomaly extending over one kilometer northeast of old workings. Results up to 1.09 ounces per ton gold and 1.10 ounces per ton silver in soil samples. Anomaly located downslope and along strike from the Apex Mine. VANCOUVER, British Columbia, March 09, 2022 -- Millrock Resources Inc. reports that positive assay results from a [...]
Key Highlights - Anticipated 2022 Activity: Drilling on at least four and perhaps as many as eight projects in which Millrock has equity and royalty interests. Treasure Creek, Ester, Fairbanks district, Liberty Bell gold projects, Fairbanks area, Alaska . 64North gold project, Pogo Mine area, Alaska . Apex El Nido gold project, southeast Alaska . Batamote copper project, Sonora Mexico . El Picacho gold project, Sonora [...]
Key Highlights: Eureka Zone, where disseminated, magmatic sulfide minerals contain potentially economically recoverable nickel - copper - chromium - cobalt - platinum group elements over broad core lengths reported from historical drilling. The mineralization can be intermittently traced over a fifteen-kilometer-long strike length, and the historical intersections are up to 319.7 meters wide. If continuity can be proven [...]
Millrock Resources Inc. reports that Felix Gold has been accepted by the Australian Securities and Investments Commission and has commenced trading on the Australian Securities Exchange under the trading symbol FXG. Millrock is being issued 9,957,157 Felix Gold shares that are subject to an escrow period of two years. During the Initial Public Offering, Felix Gold raised in excess of AUD$10 million. Felix Gold will direct [...]
Millrock Resources Inc. is pleased to have received notice from Felix Gold that it has lodged a prospectus with the Australian Securities and Investments Commission. The filing initiates the process by which Felix Gold may become a publicly-traded company on the Australian Securities Exchange. If successful under the proposed schedule the company shares would begin trading in January 2022. Depending on the concurrent [...]
Millrock Resources Inc. is pleased to announce it has signed a binding letter agreement with Mine Discovery Fund Pty. Ltd. concerning its El Batamote porphyry copper exploration project in Mexico. MDF is a private Australian company. In good faith, MDF has made an initial US$50,000 cash payment upon signing the Letter Agreement. A definitive agreement has been prepared will be signed immediately following the formation of [...]
Millrock Resources Inc. is pleased to announce it has signed a definitive assignment agreement with Tocvan Ventures Corp. concerning the El Picacho gold project in the Caborca Orogenic Belt, Sonora State, Mexico. This agreement follows from a Letter of Commitment previously announced on June 8, 2021 and successful completion of a 60-day due diligence period by Tocvan. Millrock has reinstated a previously held Option [...]
Millrock has executed an agreement with Coeur Explorations, Inc., a wholly-owned subsidiary of Coeur Mining Inc. concerning claims controlled by Millrock at the Apex gold project, located approximately 70 kilometers from Juneau in Southeast Alaska. Coeur Explorations may exercise an option to earn a 100% interest in the claims through staged payments and exploration expenditures. Upon earning 100% interest, a Net Smelter [...]
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