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Millrock Resources Inc.
Summary
| Project: | La Navidad | |
|---|---|---|
| Deposit: | La Navidad | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 8/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-8-2018: Millrock Resources Inc. announces an Exploration/Drilling Update report for its La Navidad deposit at the La Navidad project. JV with Centerra Gold Inc. - Drilling results incl. 17.4m @ 1.61g/t Au from 17.3m. VANCOUVER, BRITISH COLUMBIA, August | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gregory A. Beischer (Internal) | |
| ABSTRACT: | VANCOUVER, BRITISH COLUMBIA, August 9, 2018 - Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock") is pleased to report that the second phase of core drilling on the La Navidad gold project has been completed. The program was designed to test geological targets identified through soil and rock sampling, geophysical surveys and trenching. The drill holes targeted the Crossover and Cobre prospects. The Navidad project, located in Sonora State, Mexico, 100 km north of the City of Hermosillo, targets orogenic gold deposits and is being funded under an option to joint venture agreement by Centerra Gold Inc. (“Centerra”). In total, 2,969 meters in 14 holes were drilled. Additionally, Hole NV-010 initially drilled in the first drilling campaign was deepened. The table following on the next page indicates significant and anomalous drill intersections for gold in grams per metric tonne (“g/t”). Millrock President & CEO Gregory Beischer commented: “Some strong results were obtained in this program from the Crossover and Cobre prospects with anomalous gold over significant core intervals. More drilling will be necessary to determine whether there is continuity between the discrete zones of mineralization intersected.” Note: The mineralized intervals reported in the two table in this disclosure are down-hole, measured thickness. Based on initial interpretations it appears the mineralized zones intersected dip shallowly to the north at 15 degrees. However, there is not enough geologic control at this point to verify the interpretation and therefore to make an accurate estimate of true width with confidence. In particular, it is noted that hole NV-021 may have been drilled subparallel down the dip of several gold-mineralized structures. For the composited values | |
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