Millrock Announces New Drilling Program at LA Navidad GOLD Project, Results from El Picacho GOLD Project Sonora State, Mexico and General Corporate Update
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: 18-22
MILLROCK ANNOUNCES NEW DRILLING PROGRAM AT LA
NAVIDAD GOLD PROJECT, RESULTS FROM EL PICACHO
GOLD PROJECT SONORA STATE, MEXICO AND GENERAL
CORPORATE UPDATE
VANCOUVER, BRITISH COLUMBIA, November 21, 2018 - Millrock Resources Inc. (TSX-V:
MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that another drilling program is
underway at the La Navidad gold project in Sonora State, Mexico. The program will focus on the
northwestern portion of the project. Four holes are planned at the El Tigre prospect, where gold
has been detected by soil sampling in the vicinity of historic mine workings. Northwest trending
high angle structures appear to control mineralization. Three holes are planned to test the El
Chupadero prospect where alteration (decalcification and jasperoid replacement of limestone)
points to the possibility of an intrusion-related gold deposit. In total, seven holes totaling 1,500
meters are planned. The exploration work is being funded under an option to joint venture
agreement by Centerra Gold Inc. (“Centerra”).
At El Picacho, a drilling program consisting of 2007.8 meters in eleven holes was recently
completed. Only narrow gold-bearing intersections were detected. The table on the following
page indicates core sample assay results exceeding 0.1 gram of gold per tonne.
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
La Navidad Drilling, El Picacho Results,
and Corporate Updates
Page 2
Drill hole # Sample # From (m) To (m) Length (m) Au ppm
P18-001D 526007 8.00 9.00 1.00 0.140
P18-001D 526143 132.00 134.00 2.00 0.188
P18-002D 526394 165.00 166.00 1.00 0.216
P18-003D 526517 70.00 71.00 1.00 0.333
P18-003D 526463 21.00 22.00 1.00 0.377
P18-004D 526694 26.00 27.00 1.00 0.723
P18-004D 526695 27.00 28.00 1.00 0.241
P18-004D 526698 30.00 31.00 1.00 0.206
P18-004D 526699 31.00 32.00 1.00 0.194
P18-004D 526702 34.00 35.00 1.00 0.314
P18-004D 526791 115.00 116.00 1.00 0.123
P18-005D 526956 36.00 37.00 1.00 0.341
P18-006D 527041 1.00 2.00 1.00 0.160
P18-006D 527088 44.00 45.00 1.00 0.116
P18-006D 527100 55.00 56.00 1.00 0.118
P18-007D 527232 82.00 83.00 1.00 2.022
P18-007D 527236 86.00 87.00 1.00 0.152
P18-008D 527429 165.00 166.25 1.25 0.471
P18-008D 527430 166.25 166.75 0.50 5.679
P18-008D 527432 166.75 168.00 1.25 0.183
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
La Navidad Drilling, El Picacho Results,
and Corporate Updates
Page 3
Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (“QA/QC”) standards. For the
El Picacho and La Navidad drill programs drill core and rock samples are kept in a secure
location at all times. Rock samples are assayed at the Bureau Veritas laboratory in Hermosillo,
Mexico. Preparation and analysis methods are described in further detail here. The sample
preparation method code being utilized for the current rock sampling program was PRP70-250.
Analysis methods used include FA430 (30 gr/Fire Assay/ICP) and AQ-200 (Aqua Regia –
ICP/MS). For every 20 rock samples a blank sample known to contain less than 3 parts per
billion gold or a standard sample (Certified Reference Materials) of known gold concentration, or
a duplicate sample was also analyzed. The Qualified Person is of the opinion that the results
reported in this press release are reliable.
PolarX Shares
Millrock recently sold 9,203,968 shares for A$497,014. While Millrock continues to be a strong
believer in the Alaska Range Project, from an overall corporate standpoint it made sense to
realize some profit, while still retaining significant upside exposure for shareholders. Millrock
continues to hold 10,000,000 shares of PolarX and is entitled to a production royalty, an
advanced minimum royalty, and certain milestone payments.
Liberty Bell Project
A wholly – owned subsidiary of Kinross Gold Corporation has provided notice to Millrock that it
will terminate its option on the Liberty Bell project. The termination will be effective December 8,
2018. Millrock intends to seek another partner to test by drilling the numerous targets that have
been developed by Kinross and Millrock over the past two years. Millrock thanks Kinross for the
investment it has made and its technical contributions to the project.
Qualified Person
The scientific and technical information disclosed within this document has been prepared,
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, 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
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
La Navidad Drilling, El Picacho Results,
and Corporate Updates
Page 4
industry: Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, Altius, and Riverside.
Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn Exploration Inc.
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. 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.