Millrock Begins Drilling at Council Gold Project, Seward Peninsula, Alaska
VANCOUVER, BRITISH COLUMBIA, July 24, 2012 - Millrock Resources Inc. (MRO - TSX:V) ("Millrock" or the "Company") announced that drilling has commenced at the Council project on the Seward Peninsula in western Alaska.
Exploration at the Council project targets sediment-hosted vein gold deposits. The planned program for this project consists of six holes totaling approximately 1,000 m. Drill holes will test a seven km long gold – arsenic soil anomaly that overlies a regional structural feature. In places, the soil anomaly is up to 400 m in width. Millrock crews discovered stockwork and vein hosted gold mineralization near the target area in 2011. Placer gold occurrences are known to exist downstream.
The Council project is the subject of an option to joint venture agreement with Kinross Gold Corporation (KGC - NYSE) ("Kinross"). Under the terms of the agreement, Kinross may earn up to a 75% interest in the project.
The technical information in this news release was reviewed by Gregory Beischer, Millrock's President and CEO, a Qualified Person as defined in NI 43-101. –Millrock Resources press continues at the link below.
Source: Millrock Resources
Disclosure: Millrock Resources is a Vulture Bargain Candidate of Interest (VBCI). Members of the GGR team are actively accumulating and hold long positions in MRO.V or MLRKF.