Millrock Reports ON Exploration Results, Return of Property, Apex GOLD Project, Southeast Alaska
MILLROCK RESOURCES INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
NR: 22-04
MILLROCK REPORTS ON EXPLORATION RESULTS,
RETURN OF PROPERTY, APEX GOLD PROJECT,
SOUTHEAST ALASKA
Key Highlights:
• Surface geochemical program completed August 2021 identified new gold in soil
anomaly extending over one kilometer northeast of old workings.
• Results up to 1.09 ounces per ton gold and 1.10 ounces per ton silver in soil
samples.
• Anomaly located downslope and along strike from the Apex Mine.
VANCOUVER, BRITISH COLUMBIA, March 9, 2022 – Millrock Resources Inc. (TSX-V: MRO,
OTCQB: MLRKF) ("Millrock" or the “Company”) reports that positive assay results from a
sampling and mapping program carried out in August 2021 have been received and compiled.
The soil sampling results indicate that known mineralization at the former-producing Apex Mine
likely extends 1,000 meters to the northeast.
Millrock President & CEO commented: “These are excellent results that show the gold-bearing
quartz vein structure known from historic mining has significant strike continuity. Some of the
soil sample numbers are of exceptional tenor.”
The exploration work was completed during August 2021 and consisted of a soil geochemical
survey (439 samples), rock sampling (39 samples), and geologic mapping. Soil samples were
collected along a 20 meter by 40 meter spaced grid. The survey was designed to test the
presence and extent of gold-bearing quartz veins along strike and down-valley from known gold
mineralization at the historic Apex and El Nido Mines located within the Cann Creek drainage.
MILLROCK RESOURCES INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Millrock Reports on Exploration Results
Apex Gold Project, Alaska
Page 2
Figure 1. Project Location Map
Figure 2. Soil sample locations and results for gold assays, Apex project.
MILLROCK RESOURCES INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Millrock Reports on Exploration Results
Apex Gold Project, Alaska
Page 3
All assay results have been received from the exploration work. A broad gold in soil anomaly
was identified by the geochemical survey in the lower cirque valley of Cann Creek. Assays of
soil samples returned values ranging from below detection to a maximum of 33,900 parts per
billion gold (1.09 ounces per ton) and 34,400 parts per billion silver (1.10 ounces per ton). One
hundred and seven of the 439 samples collected returned highly anomalous values exceeding
80 parts per billion gold. The anomaly occurs at approximately 300 meters elevation below
outcropping vein exposures that host the Apex Mine and extends over one kilometer down
valley from the historic workings, along strike of the vein swarm. The anomaly is also underlain
by the same rock units (diorite and amphibolite) that hosts the Apex vein.
On August 12, 2021, Millrock announced that it had entered into an agreement with Coeur
Explorations, Inc., a wholly-owned subsidiary of Coeur Mining, Inc. (“Coeur”), concerning the
Apex gold project in Southeast Alaska. Under the agreement, Coeur agreed to fund
approximately $200,000 worth of exploration work. Coeur has met its obligations by funding the
work, but has elected to terminate the option agreement. Millrock is free to further explore the
project on its own or find another earn-in partner.
Millrock President & CEO Gregory Beischer commented: “We enjoyed working with the Coeur
Explorations team and thank Coeur for advancing the project. The soil anomaly presents a
compelling target for drilling and significantly expands the strike potential of the small, historic
underground mine”.
Quality Control – Quality Assurance
Millrock adheres to stringent Quality Assurance – Quality Control (“QA/QC”) standards. In this
case, the assay work was done under an agreement between Coeur and the assay laboratory.
Samples are kept in a secure location at all times. Samples were assayed at the Bureau Veritas
laboratory in Vancouver, Canada. Preparation and analysis methods are described in further
detail here. The sample preparation method codes utilized for the program were SS80 for Soils
and PRP70-250 for Rocks. Analytical methods used were FA430 (lead collection fire-assay
fusion-AAS finish) and MA250 (4 acid digestion Ultratrace ICP-MS) for all samples. A 10%
QA/QC sample insertion rate was used for all samples: 5% CRM (Certified Reference Materials)
of known gold concentration and 5% blank material. 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.
MILLROCK RESOURCES INC. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8
Tel: 604 638 3164 | Fax: 907 677 3599 | www.millrockresources.com
Millrock Reports on Exploration Results
Apex Gold Project, Alaska
Page 4
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, is a significant
shareholder of junior explorer ArcWest Exploration Inc., and owns a large shareholding in each
of Resolution Minerals Limited and Felix Gold 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, Coeur
Explorations, Centerra Gold, First Quantum, Teck, Kinross, Vale, Inmet, and Altius, as well as
junior explorers Resolution, Riverside, PolarX, Felix Gold and Tocvan.
ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO
FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson, Investor Relations
Toll-Free: 877-217-8978 | Local: 604-638-3164
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Some statements in this news release may contain forward-looking information (within the
meaning of Canadian securities legislation) including without limitation the intention to form
earn-in joint venture agreements and to perform further exploration. 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.