Millrock Updates 64NORTH GOLD Project Exploration, Goodpaster Mining District, 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: 22-09
MILLROCK UPDATES 64NORTH GOLD PROJECT
EXPLORATION, GOODPASTER MINING DISTRICT,
ALASKA
VANCOUVER, BRITISH COLUMBIA, July 5, 2022 – Millrock Resources Inc. (TSX-V: MRO,
OTCQB: MLRKF) ("Millrock" or the “Company”) reports that earn-in partner Resolution Minerals
Limited (ASX: RML) (“Resolution”) has commenced drilling at the Tourmaline Ridge prospect on
the West Pogo block of the 64North Gold Project. A program consisting of five holes totaling
2,200 meters is to be conducted over the coming six weeks.
Millrock President & CEO Gregory Beischer commented: “There is an abundance of geologic
evidence pointing to a possible gold deposit at Tourmaline Ridge. We wish Resolution the best
of luck as they move the project forward and we are hopeful for a new gold discovery.”
Figure 1. A Fall 2021 photograph showing the Tourmaline Ridge prospect area in the foreground with an
excavator digging trenches through shallow overburden to expose bedrock. Northern Star’s Pogo mine
and the Goodpaster deposit is visible in the distance five to six kilometers to the east. The current drilling
program focuses on the Tourmaline Ridge prospect in the foreground.
Pogo Gold Mine
(Northern Star)
Goodpaster Discovery
(Northern Star)
Aurora Prospect
(Millrock-Resolution)
Tourmaline Ridge Prospect
(Millrock-Resolution
View East –6km to Pogo Gold Mine
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 64North gold project,
Alaska
Page 2
Earned interest: Resolution has earned a 42% interest in the project by making cash payments
(US$150,000), share payments (30,000,000 shares), and expending at least US$7.0 million on
exploration (US$7.87 million spent as at January 31, 2022). Additionally, Resolution has elected
to continue sole-funding exploration to earn a 51% interest by making further expenditures in
2022 and making further share and cash payments to Millrock.
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, 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 perform
further exploration and drilling on the 64North project. 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.