Australia markets closed
  • ALL ORDS

    7,413.10
    +73.80 (+1.01%)
     
  • ASX 200

    7,182.70
    +76.80 (+1.08%)
     
  • AUD/USD

    0.7163
    +0.0064 (+0.90%)
     
  • OIL

    115.07
    +0.98 (+0.86%)
     
  • GOLD

    1,857.30
    +3.40 (+0.18%)
     
  • BTC-AUD

    40,292.78
    -371.04 (-0.91%)
     
  • CMC Crypto 200

    625.79
    -3.71 (-0.59%)
     
  • AUD/EUR

    0.6670
    +0.0059 (+0.89%)
     
  • AUD/NZD

    1.0951
    +0.0003 (+0.03%)
     
  • NZX 50

    11,065.15
    -37.69 (-0.34%)
     
  • NASDAQ

    12,681.42
    +404.63 (+3.30%)
     
  • FTSE

    7,585.46
    +20.54 (+0.27%)
     
  • Dow Jones

    33,212.96
    +575.77 (+1.76%)
     
  • DAX

    14,462.19
    +230.90 (+1.62%)
     
  • Hang Seng

    20,697.36
    +581.16 (+2.89%)
     
  • NIKKEI 225

    26,781.68
    +176.84 (+0.66%)
     

Millrock Partner Resolution Minerals Reports Drilling Results at Sunrise Prospect, 64North Gold Project, Alaska

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·8-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

VANCOUVER, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) -- Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) is pleased to announce that partner Resolution Minerals Ltd. (ASX: RML) has reported that thick intervals of intrusion-hosted gold mineralization have been intersected at the Sunrise prospect, 64North gold project. The intervals were intersected in a recent rotary air blast (RAB) drill program that was carried out at the project.

In total, Resolution drilled 27 holes along a fence 1,400 meters in length. The style of mineralization is similar to that observed at the Fort Knox gold mine operated by Kinross near Fairbanks, Alaska. Drilling detected gold over a 280-meter-wide corridor which is open at depth and to the north and south. The host granite intrusion is interpreted to extend more than one kilometer to the south of the recently completed RAB drilling. The gold mineralization is contained within a large gold-in-soil anomaly. The Sunrise prospect is located approximately four kilometers southwest of the Pogo Mine, which is operated by Northern Star Resources Limited.

Drill result highlights include:

Hole 21SU007

36.6 meters at 0.33 g/t gold from surface

Including:

1.5 meters at 1.42 g/t gold from 1.5 meters depth, and

1.5 meters at 2.60 g/t gold from 9.1 meters depth.

Hole 21SU009

74.7 meters at 0.26 g/t gold from surface over the entire length of the hole

Including:

1.5 meters at 1.77 g/t gold from 12.2 meters depth, and

1.5 meters at 1.02 g/t gold from 48.4 meters.

Of the 27 holes drilled, nine holes intersected gold mineralization grading above a cut-off grade of 0.1 g/t gold over significant intervals. The drill results indicate a mineralized corridor 280 meters in length. There is a strong association of bismuth and arsenic with gold-mineralized rock. This is the same metal association observed at Kinross’ Fort Knox gold mine. A complete listing of results is shown in Table 1A.

Resolution also reports that other potential Fort Knox style intrusive targets have been recognized near the Pogo Mine road, proximal to the Sunrise Prospect. The company plans to make a ground appraisal of the Sunrise Prospect and surrounding prospects in late May. Further drilling and geophysics are under consideration.

Resolution is also planning a 2,000 meter reverse circulation helicopter-supported drilling program on the East Pogo Prospect. The drilling is scheduled to commence in early June. High-grade gold mineralization identified last year during surface work is to be targeted.

Table 1A: Summary of drill intervals from March-April 2021 drilling at the Sunrise prospect.

Hole ID

Prospect

From (m)

To (m)

Interval

Au (g/t)

21SU001

Sunrise

NSI

NSI

NSI

NSI

21SU002

Sunrise

NSI

NSI

NSI

NSI

21SU003

Sunrise

NSI

NSI

NSI

NSI

21SU004

Sunrise

NSI

NSI

NSI

NSI

21SU005

Sunrise

16.76

22.86

6.10

0.13

21SU005

Sunrise

28.96

30.48

1.52

0.12

21SU006

Sunrise

1.52

18.29

16.76

0.17

21SU006

Sunrise

24.38

68.58

44.20

0.24

21SU007

Sunrise

0.00

36.58

36.58

0.33

Including

Sunrise

1.52

3.05

1.52

1.42

Including

Sunrise

9.14

10.67

1.52

2.60

21SU007

Sunrise

44.20

56.39

12.19

0.24

21SU008

Sunrise

1.52

6.10

4.57

0.10

21SU008

Sunrise

13.72

15.24

1.52

0.20

21SU008

Sunrise

25.91

27.43

1.52

0.10

21SU008

Sunrise

44.20

45.72

1.52

0.11

21SU008

Sunrise

64.01

65.53

1.52

0.11

21SU009

Sunrise

0.00

74.68

74.68

0.26

Including

Sunrise

12.19

13.72

1.52

1.77

Including

Sunrise

48.77

50.29

1.52

1.02

21SU010

Sunrise

0.00

9.14

9.14

0.10

21SU011

Sunrise

0.00

21.34

21.34

0.13

21SU011

Sunrise

25.91

32.00

6.10

0.16

21SU011

Sunrise

36.58

38.10

1.52

0.13

21SU011

Sunrise

42.67

44.20

1.52

0.14

21SU011

Sunrise

73.15

74.68

1.52

0.10

21SU012

Sunrise

18.29

19.81

1.52

0.12

21SU012

Sunrise

32.00

33.53

1.52

0.11

21SU012

Sunrise

35.05

36.58

1.52

0.11

21SU012

Sunrise

39.62

41.15

1.52

0.11

21SU012

Sunrise

48.77

50.29

1.52

0.21

21SU013

Sunrise

3.05

4.57

1.52

0.26

21SU014

Sunrise

0.00

19.81

19.81

0.22

21SU014

Sunrise

27.43

32.00

4.57

0.34

Hole ID

Prospect

From (m)

To (m)

Interval

Au (g/t)

Table 1B: Drill collar locations for Sunrise prospect drilling.

Hole ID

Easting

Northing

Elevation (m)

Azimuth

Dip

EOH Depth (m)

21SU001

594872

7146547

539

70

-60

15.24

21SU002

594913

7146554

539

70

-60

15.24

21SU003

594937

7146570

549

70

-60

6.71

21SU004

595001

7146597

548

90

-60

44.2

21SU005

595070

7146585

558

90

-60

59.44

21SU006

595450

7146687

635

90

-60

68.58

21SU007

595480

7146689

636

90

-60

60.96

21SU008

595544

7146685

639

90

-60

73.16

21SU009

595510

7146673

639

270

-60

74.68

21SU010

595512

7146681

639

90

-60

9.14

21SU011

595516

7146680

639

90

-60

74.68

21SU012

595582

7146684

643

70

-60

67.06

21SU013

595611

7146689

643

70

-60

42.67

21SU014

595402

7146696

652

90

-60

68.58

Hole ID

Easting

Northing

Elevation (m)

Azimuth

Dip

EOH Depth (m)

Notes for Tables 1A and 1B:

  1. An accurate dip and strike and the controls on mineralisation are yet to be determined and the true width of the intercepts is not yet known.

  2. Coordinates are in NAD83, Zone 6.

  3. Elevation and Hole Depth are in metres.

  4. Azimuth is in Degrees Grid North.

  5. Dip is in degrees.

  6. Abbreviations: g/t (grams per tonne), ppm (parts per million), ppb (parts per billion), NSI (no significant intercept)

  7. All drilling is 3 and 5/8“ diameter RAB chip drilling, all of hole is sampled.

  8. Significant results are shown for intercepts >0.1g/t Au with no more than 3.048m (10 feet) of internal dilution.

QUALIFIED PERSON:
The drill results provided in this disclosure was compiled by Mr Duncan Chessell, Managing Director of RML. Mr. Chessell is a member of the Australasian Institute of Mining and Metallurgy and is a Competent Person as defined in the 2012 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.

Millrock’s Qualified Person (as defined in NI43-101) Gregory A. Beischer, President, CEO and a director of Millrock Resources has reviewed the information provided by Mr. Chessell including assay results, composite interval calculations and the quality assurance / quality control measures taken by RML. The technical information presented within this press release has been reviewed and approved by Mr. Beischer.

QUALITY CONTROL AND QUALITY ASSURANCE (QAQC):
Drilling, sampling, sample handling, and assay methods and assay quality monitoring utilized by RML for this program are described in detail in their May 17, 2021 press release. In the opinion of Millrock’s Qualified Person, the QA/QC methods, which included insertion of 9% Certified Reference Materials was appropriate. Standards and blanks were also inserted. No abnormalities were reported by RML upon review of the QA/QC data.

ABOUT MILLROCK RESOURCES:
Millrock Resources Inc. is a premier project generator to the mining industry. Millrock identifies, packages, and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk taken on by most exploration companies. The company is recognized as the premier generative explorer in Alaska, holds royalty interests in British Columbia, Canada, and Sonora State, Mexico, and is a significant shareholder of junior explorer ArcWest Exploration Inc. and owns a large shareholding in Resolution Minerals Limited. Funding for drilling at Millrock’s exploration projects is primarily provided by its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: EMX Royalty, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet and, Altius as well as junior explorers Resolution, Riverside, PolarX, and Felix Gold.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:
Melanee Henderson, Investor Relations
Toll-Free: 877-217-8978 | Local: 604-638-3164
Twitter | Facebook | LinkedIn
mhenderson@millrockresources.com

FORWARD LOOKING STATEMENTS:
Some statements in this news release contain forward-looking information, including without limitation, statements such as the intention to do surface exploration work including reverse circulation drilling in May and June of 2021. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.

"NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting