• Loading stock data...
PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Energy » Millrock and Coventry Commence Drilling Program at the High-Grade Copper-Gold Deposit, Stellar Project, Alaska

Millrock and Coventry Commence Drilling Program at the High-Grade Copper-Gold Deposit, Stellar Project, Alaska

Jayde Castillo by Jayde Castillo
April 26, 2019
in Energy
3 min read
30
0
Millrock and Coventry Commence Drilling Program at the High-Grade Copper-Gold Deposit, Stellar Project, Alaska

VANCOUVER, BC–MRO, MLRKF, (Marketwired – August 28, 2017) – Millrock Resources Inc. (TSX VENTURE: MRO) (OTCQX: MLRKF) (“Millrock” or “the Company”) is pleased to announce that drilling has commenced at the Stellar Project. The program will focus on the high-grade copper-gold deposit called Zackly. A program consisting of approximately 25 holes totaling 3,000 meters is planned. Two drills have been mobilized to complete the work. Millrock is executing the work on behalf of Coventry Resources (ASX: CYY) (“Coventry”). Millrock recently sold its interest in the Stellar Project for an equity stake in Coventry. The Company presently owns 10.6% of the issued and outstanding Coventry shares.

The drilling program’s primary objective is to bring the historic, high-grade, copper-gold resource at the Zackly skarn deposit to meet the standards of the Australian Joint Ore Reserves Committee (JORC) for mineral resource reporting. To accomplish this objective one drill will be used to drill approximately twelve holes through the known, historic deposit. For a description of the Stellar Project, and the Zackly copper-gold deposit, click here. A second drill will test for extensions of the deposit, both to the east and west, where induced polarization surveys indicate possible additional mineralization.

Coventry also owns the nearby Caribou Dome (“CD”) copper deposit, which is reported by Coventry to have a high-grade resource that is described in this Coventry press release. A description of the CD project can be found at this link. Geological mapping and other surface work is currently in progress at CD.

Baseline environmental studies will also be conducted at both Zackly and CD in anticipation of moving the combined project toward a pre-feasibility study in 2018.

The technical information within this document has been 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.

ON BEHALF OF THE BOARD
“Gregory Beischer”
Gregory Beischer, President & CEO

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.

“NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.”

FOR FURTHER INFORMATION, PLEASE CONTACT:
Melanee Henderson
Investor Relations
(604) 638-3164
(877) 217-8978 (toll-free)

Tags: copperdepositGoldMillrock ResourcesMiningMLRKFMRO
Jayde Castillo

Jayde Castillo

Jayde is a professional freelance writer with years of experience covering consumer tech, finance, and science. He has worked with various media outlets both online and on paper such as Z6Mag, News Every Day, and other small-time publications.

Related Posts

ComEd preps response to restore power outages caused by storm and strong winds
Energy

ComEd preps response to restore power outages caused by storm and strong winds

June 10, 2020
133
President Donald Trump inspired a rise in oil futures after he said a deal between Saudi Arabia and Russia is underway.
Energy

Oil slightly recovers after Trump said a deal between Saudi Arabia and Russia might be reached in a ‘few days’

April 2, 2020
150
Oil refineries and storage facilities are about to reach their maximum capacity as the pandemic continues to shock demand.
Energy

Oil prices are approaching ‘negative territory’ as production increases after OPEC+ cuts expire

April 1, 2020
118
Senator Ted Cruz said that he and other GOP senators ecently ripped into the Saudi ambassador against weaponizing oil prices.
Energy

Ted Cruz: GOP senators warned Saudi Arabia against using oil as ‘economic warfare’ against Americans

March 30, 2020
151
The U.S. solar market installed 13.3 gigawatts (GW) of capacity in 2019, new report reveals.
Energy

US solar installations are expected to grow 47% in 2020 but coronavirus crisis might have an impact moving forward

March 17, 2020
115
Monday has seen a rise on oil prices, the first after six sessions of losses triggered by the coronavirus outbreak
Energy

Oil recovers after six sessions of losses as OPEC+ mulls to impose further cuts

March 3, 2020
127
Currently Playing

Subscribe To Our Newsletter

Ad

PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2020 PublicWire.com

Navigate Site

  • About
  • #96576 (no title)
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • #370 (no title)

© Copyright 2020 PublicWire.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Public Wire Logo

Hello please subscribe to our newsletter to get up to date news weekly!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.