Millrock Reports Drill Results from LA Navidad GOLD Project, Sonora State, Mexico and Corporate Developments
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: 18-14
MILLROCK REPORTS DRILL RESULTS FROM LA NAVIDAD
GOLD PROJECT, SONORA STATE, MEXICO AND
CORPORATE DEVELOPMENTS
VANCOUVER, BRITISH COLUMBIA, August 9, 2018 - Millrock Resources Inc. (TSX-V: MRO,
OTCQX: MLRKF) ("Millrock") is pleased to report that the second phase of core drilling on the
La Navidad gold project has been completed. The program was designed to test geological
targets identified through soil and rock sampling, geophysical surveys and trenching. The drill
holes targeted the Crossover and Cobre prospects. The Navidad project, located in Sonora
State, Mexico, 100 km north of the City of Hermosillo, targets orogenic gold deposits and is
being funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”). In
total, 2,969 meters in 14 holes were drilled. Additionally, Hole NV-010 initially drilled in the first
drilling campaign was deepened. The table following on the next page indicates significant and
anomalous drill intersections for gold in grams per metric tonne (“g/t”). Highlights of the program
with two different cutoff grades are shown on the table immediately below:
Hole
Number
Downhole
Intersection
Gold Grade
(using 0.1 g/t cutoff)
Downhole
Intersection
Gold Grade
(using 0.05 g/t cutoff)
NV-013 12.5 meters 1.14 g/t gold 14.0 meters 1.03 g/t gold
NV-014 8.0 meters 0.46 g/t gold 20.3 meters 0.22 g/t gold
NV-015 8.7 meters 0.43 g/t gold 8.7 meters 0.43 g/t gold
NV-019 7.9 meters 2.34 g/t gold 10.2 meters 1.83 g/t gold
NV-021 17.4 meters 1.61 g/t gold 64.2 meters 0.57 g/t gold
NV-024 9.2 meters 0.71 g/t gold 15.1 meters 0.46 g/t gold
Millrock President & CEO Gregory Beischer commented: “Some strong results were obtained in
this program from the Crossover and Cobre prospects with anomalous gold over significant core
intervals. More drilling will be necessary to determine whether there is continuity between the
discrete zones of mineralization intersected.”
Note: The mineralized intervals reported in the two table in this disclosure are down-hole,
measured thickness. Based on initial interpretations it appears the mineralized zones
intersected dip shallowly to the north at 15 degrees. However, there is not enough geologic
control at this point to verify the interpretation and therefore to make an accurate estimate of
true width with confidence. In particular, it is noted that hole NV-021 may have been drilled sub-
parallel down the dip of several gold-mineralized structures. For the composited values
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 Reports Phase 2 Drill Results at
La Navidad Gold Project, Sonora, Mexico
Page 2
reported, a 0.1 gram per tonne gold cut-off was used, and a maximum allowable internal dilution
thickness of 3.0 meters was used. See note below concerning quality control – quality
assurance.
Hole #
From
(m)
To
(m)
Length
(m)
Au
ppm
NV-010 285.1 289.0 3.9 1.78
Including 285.1 287.0 1.9 3.21
NV-013 43.5 56.0 12.5 1.14
Including 49.8 50.6 0.8 2.76
50.6 51.5 1.0 4.78
51.5 53.5 2.0 2.73
NV-014 12.5 20.5 8.0 0.46
NV-014 29.6 35.9 6.3 0.39
NV-014 98.8 102.0 3.3 3.84
Including 100.2 102.0 1.8 6.30
NV-015 33.5 42.2 8.7 0.43
Including 35.5 37.5 2.0 1.31
NV-015 66.0 75.0 9.0 0.39
NV-015 71.5 75.0 3.5 0.52
NV-016 No significant results
NV-017 98.7 104.2 5.5 0.72
NV-017 107.2 115.7 8.5 0.39
NV-018 0.4 3.0 2.6 1.73
Including 0.4 1.7 1.3 3.28
NV-018 61.0 67.2 6.3 0.43
NV-019 89.7 97.5 7.9 2.34
Including 94.9 97.5 2.7 6.68
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 Reports Phase 2 Drill Results at
La Navidad Gold Project, Sonora, Mexico
Page 3
Since forming an option to purchase agreement with the underlying mineral right owner of La
Navidad in June 2017, and a simultaneous option to joint venture agreement with Centerra,
Centerra and Millrock have collaborated to execute a comprehensive exploration program. Initial
surface exploration results were reported in this press release and results of the first drilling
program was reported in this press release by Millrock. Centerra is funding the exploration work
to earn an interest in the project.
NV-020 3.3 9.3 6.0 0.45
NV-021 17.3 34.7 17.4 1.61
Including: 17.3 18.3 1.0 12.90
21.3 22.3 1.0 6.56
30.9 32.0 1.2 1.26
NV-021 38.9 50.4 11.5 0.24
NV-021 54.8 64.7 9.9 0.21
NV-021 114.7 116.7 2.1 0.80
NV-021 170.9 183.3 12.4 0.18
NV-021 188.5 190.5 2.0 1.45
NV-022 23.3 25.0 1.7 1.03
NV-022 154.3 158.1 3.8 0.69
Including 155.6 156.9 1.3 1.69
NV-022 168.3 181.8 13.5 0.36
NV-022 193.4 195.7 2.3 0.99
NV-023 158.5 162.0 3.5 0.87
Including 158.5 159.7 1.2 1.87
NV-024 133.1 142.3 9.2 0.71
Including 135.3 137.5 2.2 1.21
NV-025 No significant results
NV-026 No significant results
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 Reports Phase 2 Drill Results at
La Navidad Gold Project, Sonora, Mexico
Page 4
Corporate Developments
Darryl Cardey has tendered his resignation as a Director of Millrock for personal reasons. The
Company thanks Mr. Cardey for eleven years of service and guidance since the inception of
Millrock in 2007.
Millrock has sold 6,450,000 shares of PolarX Mining Ltd at AUD$0.105 for gross proceeds of
AUD$677,350.
Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (“QA/QC”) standards. Drill
core is kept in a secure location at all times. Core 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.
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, 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, Teck, Kinross, Vale, Inmet, Altius, and
Riverside. Millrock is a major shareholder of junior explorers PolarX Limited. and Sojourn
Exploration Inc.
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 Reports Phase 2 Drill Results at
La Navidad Gold Project, Sonora, Mexico
Page 5
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.