Millrock Receives Cash and Share Payments; Resolution Minerals Earns 30% Interest IN Millrock’S 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: 21-03
MILLROCK RECEIVES CASH AND SHARE
PAYMENTS; RESOLUTION MINERALS EARNS 30%
INTEREST IN MILLROCK’S 64NORTH GOLD
PROJECT, ALASKA
VANCOUVER, BRITISH COLUMBIA, January 27, 2021 - Millrock Resources Inc. (TSX-V:
MRO, OTCQB: MLRKF) ("Millrock" or the "Company") announced today that Resolution
Minerals Ltd ("Resolution” or “RML”) has completed the requirements to earn an initial 30%
interest in the 64North Gold Project located in the Goodpaster Mining District of interior Alaska.
Resolution has exceeded the Year 1 exploration expenditure requirement of US$5.0 million, has
paid Millrock US$50,000, and issued a further share payment of 10 million RML shares to
Millrock. Resolution can earn up to a 60% interest in the project. The terms of the December
2019 agreement can be viewed at this link: Definitive Exploration Agreement.
Resolution has indicated that it intends to continue sole-funding exploration on the project to
increase its ownership interest and will operate exploration in 2021. Based on work completed
in 2020, drilling is being planned at the Sunrise and Boundary prospects this year.
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 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. as well as a 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.
MILLROCK RESOURCES INC. | Suite 2300 – 1177 West Hastings St. | Vancouver, BC V6E 2K3
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
64North Gold Project Update, Alaska
Page 2
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 may contain forward-looking information (within the
meaning of Canadian securities legislation) including without limitation the intention to mount
further exploration including drilling in 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.