Millrock Updates ON 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: 22-06
MILLROCK UPDATES ON 64NORTH GOLD PROJECT
EXPLORATION, GOODPASTER MINING DISTRICT,
ALASKA
VANCOUVER, BRITISH COLUMBIA, May 11, 2022 – Millrock Resources Inc. (TSX-V: MRO,
OTCQB: MLRKF) ("Millrock" or the “Company”) reports on advancements at the 64North gold
exploration project, including an imminent drilling program. The project is the subject of an earn-
in agreement whereby Resolution Minerals Limited (ASX: RML) (“Resolution”) is earning a joint
venture interest from Millrock.
Drilling Program: The Resolution–Millrock technical team has developed a strong drill target
area at the Tourmaline Ridge prospect, located on the West Pogo block. The target area was
developed through analysis of all historic data, in addition to work that has been funded by
Resolution over the past thirty months. Resolution plans to execute a drilling program of
approximately 2,200 meters in five boreholes that will commence in late June 2022.
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.
Pogo Gold Mine
(Northern Star)
Goodpaster Discovery
(Northern Star)
Aurora Prospect
(Millrock-Resolution)
Tourmaline Ridge Prospect
(Millrock-Resolution
Drilling planned for July 2022
Strong soil geochemistry led to discovery
of steep antithetic veins grading to 4.84
g/t gold above projected shallow NW-
dipping shear zone. Quartz boulders with
vi sible gold at surf ace. This is t ypic al at
the Pogo M ine depos its .
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.
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.”
A large soil geochemical anomaly measuring 1,800 by 750 meters occurs on the Tourmaline
Ridge prospect. Recently Resolution reported that it had received rock sample assay results
from trenches excavated at Tourmaline Ridge in fall of 2021. Numerous narrow, gold-bearing
veins were detected. These steep-dipping veins are interpreted to be “antithetic veins”, which
commonly occur in the hanging wall above gold ore bodies at the nearby Pogo mine. Prior
historical drilling intersected these veins along with characteristic rock alteration and pathfinder
minerals. From geophysical surveys, a moderately northwest dipping structure is interpreted to
lie beneath the soil anomaly and historic drill holes. Resolution and Millrock interpret this
structure to be the “Pogo Trend”, which appears to be traced from the Goodpaster deposit on
the adjacent Pogo Mine property operated by Northern Star Mines Ltd. (“Northern Star”).
Northern Star recently announced a maiden inferred resource estimate of 1.1 million ounces of
gold in 3.2 million tonnes of rock, averaging 10.3 grams per ton gold for the Goodpaster deposit.
As of March 31, Pogo is reported by Northern Star to host 6.59 million metric tonnes of proven
and probable reserves, averaging 8.5 grams per metric tonne (1.8 million ounces) gold.
(Northern Star ANNUAL MINERAL RESOURCE AND ORE RESERVE STATEMENT, May 5,
2022). More than 4 million ounces of gold has been mined at Pogo.
Note: Millrock has not independently verified the information reported by Northern Star. Also,
Millrock cannot assure that the structures that host gold ore bodies at Pogo continue onto
ground controlled by Millrock and that gold deposits of similar magnitude and concentration will
be discovered.
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
64North Gold Project, Alaska
Page 3
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 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.