Millrock Acquires Willoughby Project Data, Stewart Golden Triangle District, British Columbia
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
NR: 17-08
MILLROCK ACQUIRES WILLOUGHBY PROJECT DATA, STEWART
GOLDEN TRIANGLE DISTRICT, BRITISH COLUMBIA
VANCOUVER, BRITISH COLUMBIA, March 23, 2017 - Millrock Resources Inc. (TSX-V: MRO,
OTCQX: MLRKF) ("Millrock" or “the Company”) announces that it has located and acquired
historic exploration information for its Willoughby high-grade gold-silver project in the Golden
Triangle District of British Columbia. The information, which was never submitted to the British
Columbia Department of Energy and Mines for assessment purposes, was generated in 1996
by Camnor Resources Ltd. (“Camnor”) and was contained in an internal company report titled
“Report on the 1996 Program and Recommendations for Further Work, Willoughby Property,
Stewart Area, British Columbia, Skeena Mining Division”, authored by David Visagie, P. Geo.,
Senior Geologist, Camnor Resources Ltd. and dated January 10, 1997 (the “1996 Report”).
Exploration by Camnor in 1996 consisted of 31 surface holes, 40 meters (m) of underground
drifting, and 30 underground drill holes. A highlight of the 1996 program was the delineation of a
high-grade core at the North Zone. The core of the North Zone measures approximately 30m
long with true widths varying from 1 to 8m with the overall width being approximately 3m.
Millrock purchased the Willoughby tenures in 2016, as previously announced here.
Gregory A. Beischer, Millrock’s President & CEO, commented: “There are some exceptionally
high-grade gold and silver drill results noted in the 1996 Willoughby Report. The Willoughby
tenures are host to numerous zones of mineralization, and while the grade is high, each
appears to have limited extent. Nevertheless, we view these numerous zones as possible
indicators of a more significant deposit at depth – hopefully with similar grade. Alpine glaciers
that characterize the upper reaches of the mountains have receded rapidly since the last
serious exploration effort in 1996. We look forward to prospecting the rocks that have been
uncovered over the past two decades”.
The following table indicates some of the highest grade intercepts of the 1996 Camnor program:
HOLE EAST INGNORTHINGELEVAT IONBEARING DIP FROM TO INT (m) Au (opt) Ag (opt) Zn (% ) ZONE
96 U-2 463326.326203316.29 1653.89 221 72 47.0 50.5 3.5 3.850 77.91 4.83 North
96 U-3 463326.166203316.13 1653.94 226 61 30.0 35.0 5.0 0.642 1.96 0.50 North
96-83 463372.646202845.46 1571.13 67 -67 23.7 26.6 2.9 0.198 2.19 0.77 Lower Ice Fall
96-71 463437.906202950.64 1539.86 348 -63 168.8 176.7 7.9 0.202 0.70 0.05 Wilby
168.8 171.5 2.7 0.491 0.08 <0.01 Wilby
175.3 176.7 1.4 0.149 3.16 0.22 Wilby
96-88 463475.706203028.41 1502.89 275 -64 140.2 151.9 11.7 0.245 0.05 <0.01 Wilby
141.5 149.9 8.4 0.314 0.05 <0.01 Wilby
149.9 151.9 2.0 0.086 0.05 <0.01 Wilby
including
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MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Millrock Announces Willoughby Data
Page 2
A copy of the 1996 report can be viewed here. A project summary description can be seen on
Millrock’s website at this link.
Note: The Qualified Person (“QP”) for Millrock cannot verify the drill results reported in the table
above or the other technical information set out in the 1996 Report. The location of the drill
cores from the program is presently unknown and they have not been inspected by the Millrock
QP, and therefore Millrock has not undertaken any re-logging, resampling or check assays.
However, Millrock has no reason to doubt the results and considers the results relevant and
suitable for disclosure. The high-grade results compare favourably with high grade results
reported by Camnor in 1994 and 1995. The information in the 1996 Report was created under
the direct supervision of Mr. David Visagie, the geologist in charge of the Camnor work that
year, and author of the Camnor report. Millrock has discussed the work and the report with Mr.
Visagie who has confirmed the contents of the report. Mr. Visagie is a registered member of the
Association of Professional Engineers and Geoscientists of British Columbia. Millrock has been
informed that, under Mr. Visagie’s supervision, a Quality Control and Quality Assurance (QAQC)
program was in effect during the 1996 exploration program. Selected mineralized core samples
were collected from split drill core and assayed locally near Stewart, BC at Westin Mines’
Premier Gold mine by fire assay using a one assay ton technique. Sample pulps were
forwarded to Chemex Labs in North Vancouver, BC and were analyzed for 30 elements by ICP
analysis. Every 10th sample pulp was assayed for gold and compared to the results reported by
the Premier Mine lab. Additionally, all samples that exceeded, by ICP analysis, 100 ppm silver,
or 10,000 ppm copper, lead or zinc were also assayed. Chemex also completed screening and
assaying of all samples containing visible gold. In addition, a limited number of reject samples
were assayed to test for laboratory variance. Specific use of standards and blanks throughout
the sampling sequence were not mentioned in the 1996 Report although laboratories commonly
have their own internal standard and blank testing procedure. The 1996 Report QAQC section
concluded that there were only minor variances between samples assayed at different labs.
Chemex (now ALS Chemex) in North Vancouver is still currently in operation and is now an
accredited ISO company. There is no reported or known relationship between the labs
mentioned, Mr. Visagie, or Camnor.
The 1996 Camnor exploration program consisted of 31 surface drill holes totaling 3,458.7m,
40m of drifting, and 30 underground drill holes totaling 2,383.2m of underground drilling, at a
reported cost of $1.3 million. The 61 drill holes were drilled in BQTK core diameter. Field work
performed on the property included mapping, remapping, and/or sampling of the North Zone,
Wilby Zone, and Wilkie and Wombat Zones. A structural interpretation of the North and Wilby
Zones was also completed during the 1996 program. True widths of mineralized intersections
were referenced intermittently in the 1996 Report and the tables with drill results appear to
report apparent width. True width is not known with certainty by the QP.
The Willoughby Property is located 26km east of the town of Stewart, British Columbia on the
eastern margin of the Cambria ice field, and covers 995 ha. It is located 3km to the east of the
Red Mountain gold property which is being actively developed by IDM Mining Ltd. (“IDM”). IDM
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Millrock Announces Willoughby Data
Page 3
reports a resource of 583,700 ounces of gold and 1,655,700 ounces of silver in the Measured
and Indicated Categories at Red Mountain, as indicated at this link. The geological setting at
Willoughby is thought to be very similar to that at Red Mountain. The Company cautions,
however, that the mineralization identified on the Red Mountain property may not be indicative
of the mineralization that may be found on the Company's property.
Millrock owns three projects in the Golden Triangle District: Willoughby, Todd-Poly, and
Oweegee Dome. The projects have potential for high-grade epithermal or intrusion-related gold
– silver deposits, and precious metals enriched volcanogenic massive sulfide deposits. The
Company intends to find partner companies willing to fund exploration programs in order to earn
an interest in the projects.
Millrock will recommend, to any future partner, an exploration program that includes prospecting
and mapping of new rock exposures created by receding glacier ice, modelling and analysis of
airborne geophysical data, followed by diamond drilling. The Company is presently digitizing all
available information for the project and incorporating it into a database.
Except as noted above, the technical information within this news release has been reviewed
and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr.
Beischer is a Qualified Person as defined in NI 43-101.
About Millrock Resources Inc.
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 active in Alaska, British Columbia, the southwest USA and Sonora
State, Mexico. 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: Centerra Gold, First Quantum, Newcrest, Teck, Kinross, Vale, Inmet, Altius,
and Riverside.
ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)
Millrock Resources Inc.
2300-1177 West Hastings Street
Vancouver, V6E 2K3
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Millrock Announces Willoughby Data
Page 4
Some statements in this news release contain forward-looking information. 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. Such factors include without limitation the completion of
planned expenditures, the ability to complete exploration programs on schedule and the
success of exploration programs.
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