Millrock Resources Inc.
TSX VENTURE : MRO

Millrock Resources Inc.

July 07, 2014 09:30 ET

Millrock Completes Geophysical Surveys at Alaska Peninsula Project, Alaska

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 7, 2014) - Millrock Resources Inc. (TSX VENTURE:MRO) is pleased to report it has completed geophysical surveying on its Alaska Peninsula Project, Alaska. The survey saw a total of 1,140 line kilometers of high-resolution airborne magnetic and radiometric data collected over three prospects of interest: Bee Creek, Mallard Duck Bay, and Kawisgag. Precision Geosurveys Inc. was contracted to carry out the helicopter-borne surveys.

The completed work was the first of a two-phase summer program, which is being funded by First Quantum Minerals Ltd. The second phase is to consist of a geological mapping and geochemical sampling program and will focus on the geophysically surveyed areas, all of which have known porphyry occurrences. Phase 2 is planned to start in mid July.

The Alaska Peninsula project is comprised of lands owned by six Alaska Native village corporations and the Bristol Bay Native Corporation. Millrock has previously made an Exploration Agreement with Option to Lease through which it can secure a 100% leasehold interest. The villages of Chignik Bay and Chignik Lagoon are located roughly central to the land package, which is more than 120 km long and up to 60 km wide and covers an area of approximately 650,000 ha.

About Millrock Resources Inc.

Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class metallic mineral deposits in mineral-rich Alaska, southwest USA, and Mexico. 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. Millrock currently has twenty active exploration projects, seven gold-copper properties in Alaska, a porphyry copper prospect in Arizona, a uranium project in New Mexico, and eleven projects in Mexico. Funding for Millrock's exploration projects primarily comes from its joint venture partners. Business partners of Millrock have included some of the leading names in the mining industry: First Quantum, Teck, Kinross, Vale, Inmet and Altius.

ON BEHALF OF THE BOARD

Gregory Beischer, President & CEO

"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."

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