• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

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

    Investing News Network
    Aug. 28, 2017 08:30AM PST
    Base Metals Investing

    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 …

    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)
    high grade copperjoint venturebritish columbiainduced polarizationgold resourcepre feasibility studycopper investing
    The Conversation (0)

    Go Deeper

    AI Powered
    Walker Lane Resources

    Walker Lane Resources Ltd. Announces the Commencement of Drilling by Coeur Silvertip Holdings on its Silverknife Property, British Columbia

    Walker Lane Resources Announces Terms for Private Placement Units to Raise C$1,320,000

    Walker Lane Resources Announces Terms for Private Placement Units to Raise C$1,320,000

    Latest News

    T2 Metals Secures Option to Acquire Shanghai Gold-Silver Project in Yukon's Tombstone Gold Belt and Appoints Shawn Ryan to Advisory Board

    Questcorp Mining Provides Update on Its Maiden Drill Program at La Union

    Executing WA Gold Strategy

    $1.675 Million Raised for Maiden Music Well Drilling

    World Class Exploration Team Formed & Fieldwork Imminent

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Empire Metals

    EPMLF

    Corazon Mining

    CZN:AU

    Blackstone Minerals

    BSX:AU

    Osisko Metals: Pure Potential

    OM:CA

    Los Andes Copper

    LA:CA

    Questcorp Mining

    QQQ:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×