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Millrock Resources Inc.
Summary
| Project: | La Navidad | |
|---|---|---|
| Deposit: | El Picacho | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 11/21/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-11-2018: Millrock Resources Inc. announces an Exploration/Drilling Update report for its El Picacho deposit at the La Navidad project. JV with Centerra Gold Inc. - Drilling results incl. 0.5m @ 5.679ppm Au from 166.25m. VANCOUVER, BRITISH COLUMBIA, Nov | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gregory A. Beischer (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA, November 21, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that another drilling program is underway at the La Navidad gold project in Sonora State, Mexico. The program will focus on the northwestern portion of the project. Four holes are planned at the El Tigre prospect, where gold has been detected by soil sampling in the vicinity of historic mine workings. Northwest trending high angle structures appear to control mineralization. Three holes are planned to test the El Chupadero prospect where alteration (decalcification and jasperoid replacement of limestone) points to the possibility of an intrusion-related gold deposit. In total, seven holes totaling 1,500 meters are planned. The exploration work is being funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”). At El Picacho, a drilling program consisting of 2007.8 meters in eleven holes was recently completed. Only narrow gold-bearing intersections were detected. The table on the following page indicates core sample assay results exceeding 0.1 gram of gold per tonne. | |
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