Millrock and Resolution Announce Temporary Suspension of Drill Campaign ON Aurora Target, WEST Pogo Block, 64NORTH GOLD Project, Alaska
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: 20-06
MILLROCK AND RESOLUTION ANNOUNCE
TEMPORARY SUSPENSION OF DRILL CAMPAIGN ON
AURORA TARGET, WEST POGO BLOCK, 64NORTH
GOLD PROJECT, ALASKA
Highlights:
• As a precaution against the risk of COVID-19, and in the best interest of the safety of
staff, Millrock and Resolution have temporarily suspended drilling operations at 64North.
• Hole 20AU-001 was completed to a depth of 462.4 meters. Several zones of quartz
veining with sulfide mineralization and strong to intense sericite – dolomite wall
rock alteration were intersected.
• Hole 20AU-002 was suspended in progress at 194.5 meters, short of the planned 600-
meter depth. The drilling contractor elected to remove personnel and equipment to avoid
travel restrictions. This hole also intersected quartz veining, alteration and sulfide
mineralization.
• All core drilled is at Millrock’s core logging facility in Fairbanks, Alaska and is being
logged and sampled, with strict protocols in place for employee protection from COVID-
19 infection.
• Assay laboratory operations are presently continuing with strict COVID-19 protocols.
Assuming that operations continue, assay results can be expected about four weeks
from now.
• Drilling operations will resume as soon as it is safe to do so.
• Data compilation and analysis work continue to assess regional prospectivity. Together,
the Millrock and Resolution teams are delineating and prioritizing a pipeline of drill-ready
prospects across the large 660 square kilometer land package.
• All other Millrock technical and administrative staff are working effectively and
productively from home. The Company is very actively generating new gold and copper
exploration targets through review of public and proprietary geological, geochemical, and
geophysical data sets.
VANCOUVER, BRITISH COLUMBIA, March 30, 2020 - Millrock Resources Inc. (TSX-V: MRO,
OTCQB: MLRKF) ("Millrock" or the “Company”), together with its partner Resolution Minerals
Ltd., (“Resolution” ASX: RML), has suspended the drilling operation at the Aurora Target of the
West Pogo Block at the 64North Project. The move has been made in response to the risk
associated with the COVID-19 virus. While the drill crew was completely isolated, and thus in a
very safe location for COVID-19 risk, it was the preference of the drilling contractor to stop
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Drilling at 64North, West Pogo Block,
Aurora Target, Goodpaster District, Alaska
Page 2
drilling and allow its personnel to return to their homes and families in the Lower 48 United
States before conditions or travel restrictions would prevent their return home from being
possible. The drill crew has demobilized and as of 5:00pm on Saturday, March 28, 2020,
Alaska’s Governor has issued a “Shelter in Place Order” that restricts travel.
Millrock President & CEO commented: “While it’s disappointing to have to curtail the drilling
program, the safety of our people is always paramount. We are very pleased that the first drill
hole of the program intersected significant quartz veining with pyrite and arsenopyrite with trace
amounts of bismuthinite. These sulfide minerals are often associated with gold in the area and
we will await the assay results with great anticipation!”
Hole 20AU-001 was drilled at an azimuth of 145 degrees and a dip of -80 degrees to a depth of
462.4 meters. The entire upper portion of the hole, from first bedrock at 40 meters to
approximately 320 meters was mineralized with quartz veins and veinlets with pyrite and
arsenopyrite and locally bismuthinite. Alteration is rated as moderate to intense, is pervasive
throughout the upper 320 meters of the hole, and consists of silicification and sericite – dolomite
alteration. The following highlight mineralized intercept was described by Millrock’s geologist as
follows: “from 230.7 meters to 258.9 the core is predominantly composed of strongly altered
(silica – sericite – dolomite) gneiss with abundant quartz veinlets with some larger veins and
brecciated zones with abundant pyrite and arsenopyrite and with one instance of bismuthinite
noted.”
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Drilling at 64North, West Pogo Block,
Aurora Target, Goodpaster District, Alaska
Page 3
Figure 1. Zone of quartz veining with pyrite and arsenopyrite mineralization.
The core drilled was HQ diameter using triple tubes and an oriented core system. Core angles
generally indicate that the veins intersected are shallow dipping. However, veins in high-angle
structures are also present. There is not enough information yet available to determine whether
the drill core intercepts represent true width.
Figure 2. Brecciated vein with abundant arsenopyrite.
Hole 20AU-002 was drilled at an azimuth of 145 degrees and a dip of -80 degrees. Planned
depth was 600 meters. Drilling was suspended by the contractor at 194.4 meters. Initial review
of the core indicated abundant quartz veins and veinlets with pyrite and arsenopyrite. The core
is now at Millrock’s core logging facility in Fairbanks and will be logged in detail in the coming
week. Once conditions allow, the hole will be re-entered and deepened to the planned depth.
Core logging and sampling of the drill core continues. Assay laboratory operations are also
continuing. As long as the logging, sampling, and assaying work can continue, it is anticipated
that results would be received about four weeks from now.
While drilling operations are suspended, Millrock and Resolution will continue to systematically
evaluate regional data sets to select target areas for follow-up exploration. Numerous targets
are emerging across the large 660 square kilometer land package. The team is planning the
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Drilling at 64North, West Pogo Block,
Aurora Target, Goodpaster District, Alaska
Page 4
next logical exploration steps for each prospect and is prioritizing the targets. A continuous
pipeline of targets, each with a plan to move them to drill readiness is being formed.
Millrock’s technical and administrative teams are continuing to productively work from their
homes. The Company continues to generate gold and copper exploration targets throughout
Alaska and plans to make new property acquisitions.
Figure 3. Location map showing the Pogo Mine gold veins and Goodpaster gold deposit
vein outlines projected to surface (white polygons) on Northern Star’s property. Red dots
indicate approximate location of holes being drilled in the initial program by Millrock. The base
map layer presented is airborne magnetic data.
Resolution can earn up to a 60% interest in the 64North Gold Project through exploration
expenditures of US$20 million, payment of US$200,000 cash and issuance of 38 million
Resolution shares. The minimum commitment for 2020 is US$5.0 million. Other details of the
agreement between Millrock and Resolution are documented in Millrock’s announcement made
December 16, 2019.
Qualified Person
The scientific and technical information disclosed within this document has been prepared,
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Drilling at 64North, West Pogo Block,
Aurora Target, Goodpaster District, Alaska
Page 5
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 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. 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 and PolarX.
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)
Some statements in this news release contain forward-looking information (within the meaning
of Canadian securities legislation) including, without limitation, management’s expectation that
drilling will resume in the near future. 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, Millrock’s ability to safely remobilize a drill rig and camp and complete
the drilling work while the ongoing COVID-19 virus pandemic risks continue, and customary
risks of the resource industry.