Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copperprospects in Arizona. With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million for 2011. Business partners of Millrock include some of the leading names in the mining industry: Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.
21/12/12Millrock Resources says strategic partnership with Vale comes to an end
20/09/12Millrock stakes high-grade copper-gold deposit
15/08/12Millrock Resources gets favourable mention in Brien Lundin newsletter
25/07/12Millrock Resources says drilling begins at Council project with Kinross in Alaska
12/07/12Millrock Resources mentioned in Brien Lundin Gold newsletter
10/02/2011Corporate Fact Sheet (Presentation)
Interview with Millrock’s CEO Gregory Beischer
Interview with Millrock’s CEO Gregory Beischer
Millrock is focused on discovery and development of high value metallic mineral deposits targeting two states of outstanding potential, Alaska and Arizona. The company has an emphasis on gold and copper. Porphyry deposits and high grade vein style deposits are the primary focus. The company has eight active projects in Alaska and three in Arizona, allowing year-round activity. With strong management and technical team, the company is poised to grow.
Alaska has been chosen by Millrock as a primary focus area because:
* Outstanding geological pedigree
* An abundance of undeveloped, underexplored mineral occurrences and deposits
* Very low degree of prior exploration
* Deposits of global significance known; more to discover
* Very large area of available land
* Secure land tenure
* Stable geopolitical climate
* Government supportive of responsible mineral development
* Stringent but practical environmental regulation
* Native Corporation land ownership and partners
Bering Straits Native Corporation Lands, Alaska
Millrock has made an exploration agreement with Bering Straits Native Corporation (BSNC) on three discrete blocks of land on the south side of the Seward Peninsula in Alaska. The land blocks are named Bluff, Council and Ungalik. The land area totals 395 square kilometers, and covers the source rocks for placer deposits that have been mined since the early 1900's. These placers have produced in excess of one million ounces of gold that has been derived from lode source on the Native land. A gold resource exceeding several hundred thousand ounces has been previously outlined by BHP at Bluff. The Council and Ungalik blocks are virtually unexplored.
Millrock has entered into an Option to Joint Venture agreement with Valdez Gold, Inc. on the Bluff project, as well as an exploration agreement with Kinross on the Council project. (READ MORE)
Estelle Project, Alaska
The Estelle property hosts high-grade gold veins spanning most of its 20 kilometer length and five kilometer width. The gold veins alone are significant targets, but the veins are spatially associated with porphyritic intrusive rocks, quartz stockworks and hydrothermal breccias at the Shoeshine and Oxide Ridge prospects, indicating potential for large bulk minable deposits. The geology shows remarkable similarity to the Donlin Creek project in western Alaska, the 22nd largest gold deposit in the world (35 million ounces of gold). (READ MORE)
Cristo Project, Alaska
The target at Cristo is a large intrusion-related gold or porphyry copper-gold deposit. Numerous rusty zones indicative of sulfide mineralization were sampled by Millrock in 2009 and extensive alteration zones with strongly anomalous gold and copper values.
Early in 2010 Millrock staked the St. Eugene and Monte Cristo claims as part of its regional reconnaissance strategic alliance with Altius Minerals and in July combined the two groups into one by staking additional claims. The resulting contiguous block is now called the Cristo group. Brixton Metals Corporation (Brixton) is earning an interest in the mineral rights. The Cristo group comprises 55 Alaska state claims covering approximately 34 sq km. (READ MORE)
Revelation Project, Alaska
The target at Revelation is an intrusive-related gold deposit. Millrock was drawn to this area by a large, regional USGS stream sediment anomaly and favorable geology.
The Revelation property is located in the Rainy Pass district about 200 km (124 miles) northwest of Anchorage. The property comprises 36 claims covering 2,331 hectares (9 square miles).
Millrock owns a 100% interest in the Revelation claims. Proprietary exploration data was purchased by Millrock from geologist Gerald Booth. The purchase agreement calls for payments of US$45,000 made over four years and the issue of 40,000 Millrock shares (provided the claims are held for those four years). In the event that an ore body is discovered, a payment of US$2,000,000 will be made to Mr. Booth within 30 days of the commencement of commercial production. The property is available for earn-in option to joint venture agreement. (READ MORE)
Bluff Project, Alaska
The known mineralization at Bluff consists of gold-bearing quartz veins hosted in a sulfide-rich quartz muscovite schist. Thrust faults form the upper and lower contacts for this schist unit which is intercalated between barren marble units. Previous work by BHP in the 1980's established potential for a gold resource and a modest drilling program by Millrock confirmed the presence of gold mineralization at Bluff in 2008. All data to date document a large and robust gold system with many untested targets, excellent potential for the confirmation of the BHP estimates, and expansion of those estimates substantially by drilling along strike, down dip, and in new target areas.
The Bluff prospect is located about 80 kilometers east of Nome, 35 kilometers south of Council, and 20 kilometers west of Golovin. A seasonal State-maintained gravel road passes within 18 kilometers of the Bluff prospect. The prospect area is on the coast with landing craft-accessible beaches and an airstrip providing ready access for personnel and equipment. Nome is serviced by three scheduled jet aircraft flights a day from Anchorage, daily air freight service, and has a small port for use for barge delivery of fuel, supplies, and equipment from the Pacific Rim. (READ MORE)
Council Project, Alaska
The large placer gold deposit on the Niukluk River originates at its confluence with Ophir Creek. This deposit extends downstream for at least ten miles and was up to one-half mile in width. On Ophir Creek, placer gold has been mined a minimum of sixteen miles above that confluence. Historical placer gold production from these two creeks is estimated at 1 million ounces of placer gold. Millrock is targeting the lode sources of these placer deposits.
The project is located in the historic Council Mining District on the Seward Peninsula, roughly 100 kilometers northeast of Nome, Alaska. The village of Council is located on the north bank of the Niukluk River above the confluence with Melsing Creek, which has also produced gold. Council is connected with Nome by a seasonal State-maintained gravel road. A gravel road extends from Council to Ophir Creek, then up Ophir Creek to the northern limits of placer gold production. The terrain consists of rolling hills with a maximum relief of about 350 meters. The Ophir Creek drainage does not appear to have been glaciated.
The lands being explored state include state claims that Millrock has staked, or optioned from others, and lands owned by the Bering Straits Native Corporation. Millrock owns, or has the ability to secure a 100% interest in all of the mineral rights comprising the properties. In total the lands cover approximately 295 square kilometers. (READ MORE)
Uncle Sam Project, Alaska
The Uncle Sam property and the surrounding Goodpaster Mining District offer potential for discovery of intrusive-related gold deposits. The target may be a vein-style deposit similar in nature to the Pogo Mine (+ 5 million ounces), located 60 kilometers to the east of the Uncle Sam property, or may be more similar to the disseminated style of mineralization at the Fort Knox Mine (+5 million ounces) located approximately 90 kilometers to the north.
The property consists of 194 State of Alaska mining claims covering a total area of 3,131 hectares. Neighboring claims are owned by Great American Exploration (Gamex) and Stoneboy (a subsidiary of Sumitomo). Millrock has the option to earn a 100% interest in the project by paying a total of US$200,000, spending $US2.7 million on exploration, and issuing one million Millrock shares. The purchase may be accelerated at any point by making any remaining cash payment, share issuance and a bonus share issuance of 500,000 Millrock shares. A 2% over-riding royalty is payable to International Royalty Corporation. The property is available for earn-in joint venture. (READ MORE)
Fortymile Project, Alaska
Forty Mile is a historic mining district where over 300,000 ounces of placer gold is spatially related to porphyritic intrusive dikes and sills and most hard rock occurrences to date consist of quartz and calcite veins with various combinations of arsenopyrite, chalcopyrite, stibnite and other sulfide mineralization. These associations are similar to intrusive related gold mineralization elsewhere in Alaska, Yukon and Nevada, and could lead to the discovery of deposits similar to Donlin Creek, Fort Knox, Pogo and Brewery Creek.
Millrock holds three claim blocks (see table below) in the historic Forty Mile mining district, one of the oldest in Alaska. The claim groups are near the towns of Chicken and Boundary, which are on the Taylor Highway, approximately 100 km northeast of Tok, Alaska. The Taylor Highway links the towns of Tok, Alaska and Dawson, Yukon. An extensive network of roads and trails links the properties to the highway system. (READ MORE)
Dry Mountain, Arizona
Millrock is targeting giant, high-grade porphyry copper (+/- gold and molybdenum) deposits at its Dry Mountain project. The property is well located on the Morenci porphyry copper trends, 45 kilometers (28 miles). Morenci, one of the oldest and most productive open pit porphyry copper mines in Arizona, has production and reserves totaling up to 10 billion tons. The Safford deposits, upon which Freeport started production in 2007, contain resources totaling at least six billion tons of copper ore in a series of four deposits. Geologic projections indicate that a large porphyry copper deposit may be present beneath post-mineralization volcanic cover rocks and alluvium at Dry Mountain. Millrock seeks to discover a large tonnage porphyry of sufficient grade to warrant extraction by open pit or block caving underground mining.
The Dry Mountain claim block is situated to the south and southwest of the Safford and Morenci mining districts of southeastern Arizona. It is located approximately 24 kilometers (15 miles) southeast of the town of Safford, 43 kilometers (27 miles) southwest of Clifton, and 161 kilometers (100 miles) northwest of Tucson in Graham County. The land on the claims is flat in the north, but rises in the south, with elevations ranging between 1,006 to 1,311 meters (3300 and 4300 feet) ASL. Paved highway 191 passes 6 kilometers (4 miles) north of the claim block, as does a power transmission line a few miles further north. Local access is by good dirt road. The claims can be easily traversed by all-terrain vehicle; there is little vegetation consisting of scrub and mesquite. (READ MORE)
Galiuro project, Arizona
The target at the Galiuro project is giant, high-grade porphyry copper (+/- gold and molybdenum) deposits. The project is located 80 kilometers southeast of the Resolution deposit, which is currently being drilled off by Rio Tinto, and is reported to contain one to two billion tons of potential ore grading between 1% and 2 % copper. Geological evidence of a large scale mineralizing system has been documented at the Galiuro project which is located on the San Manual - Copper Creek porphyry copper trend. Most of the claim block is covered by post porphyry copper mineralization age volcanic rocks but projections of alteration, mineralization and structural trends from known mineralization along this trend define the Galiuro area as prospective for porphyry copper mineralization. Tertiary epithermal copper mineralization may be remobilized from and indicative of older porphyry style mineralization hidden beneath the younger volcanic rocks as at Resolution. Millrock and its partner Vale Exploration Canada, seeks to discover a large tonnage, high grade porphyry deposit that may be mined by open pit or block caving underground mining. (READ MORE)
San Jose Project, Arizona
The San Jose project targets giant, high-grade porphyry copper (+/- gold and molybdenum) deposits at the junction of the Safford and Morenci porphyry copper trends, which is within 13 to 32 kilometers of these world class copper deposits. Morenci is one of the oldest and most productive open pit porphyry copper mines in Arizona, and has production and reserves totaling up to 10 billion tons. In 2007, Freeport started production on Safford, which contains resources totaling at least six billion tons of copper ore in a series of four deposits. Geologic projections, as well as geochemical and geophysical surveys, indicate that a large porphyry copper deposit may be present beneath post-mineralization volcanic cover rocks and alluvium at the San Jose property. Millrock seeks to discover a large - tonnage porphyry of sufficient grade to warrant extraction by open pit or block caving underground mining. (READ MORE)
Gregory Beischer, B.Sc., CPG
President & CEO, Director
Mr. Beischer is a seasoned explorationist with a solid track record of success, previously with Inco Ltd., and the Bristol Bay Native Corporation. He is a geologist and mining engineering technologist having graduated from Laurentian University (1987), Sudbury, Ontario, and the Haileybury School of Mines (1981), Haileybury, Ontario. Mr. Beischer is a certified professional geologist (#10505) with the American Institute of Professional Geologists. Mr. Beischer is currently the President of the Alaska Miner's Association, and serves on the Alaska Minerals Commission. Mr. Beischer is the recent Past-President of the Alaska Miner's Association, and serves on the Alaska Minerals Commission.
Philip St. George, B.S (Geol.)
Vice President of Exploration
Philip St. George obtained his bachelor's degree in geology from the University of Idaho. He is an exploration geologist with some significant discoveries to his credit. Mr. St. George was the first to recognize the porphyry mineralization at the Pebble deposit in Alaska, and led the Cominco team that drilled out the initial 500 million tons of gold-copper-molybdenum mineralization. As the Vice-President of Exploration for Novagold Resources (1998 - 2003), Mr. St. George was instrumental in building that company's portfolio of projects.
Sarah Whicker, B.S., M.Sc.
Vice President, Sustainable Development
Sarah Whicker graduated Cum Laude with a B.S. in Environmental Science and Policy from the University of Arizona in 2003. In 2004, she completed the M.Sc. Environmental Technology and Business program at Imperial College London with her final thesis project focusing on local stakeholder engagement in the junior mining industry. Since 2004, Ms. Whicker has primarily worked as a business and sustainable development consultant for junior mining companies based out of Vancouver, British Columbia. She was the President and Business Development Manager of Kirkness Diamond Drilling in Carson City, Nevada while consulting for parent company Mosquito Consolidated Gold Mines in 2007. Ms. Whicker began consulting for Millrock in March 2008 after moving back to her home State of Alaska. She works in Anchorage where she is an active member of the political and resource development communities.
Kulwant Sandher, B.Sc., CA
Kulwant Sandher is a Chartered Accountant whose first degree was a B.Sc (Eng) in Avionics. He has 19 years of experience in finance management roles in companies such as Wang Europe and Wang U.K. Limited, Rennie & Company Chartered Accountants, Maximizer Technologies. He has served as CFO for The Stallion Group, Serebra Learning Corp, Conac Software Corp, and served as a COO for Marketrend Interactive Inc. Currently, Kulwant is serving as a Director and Chief Financial Officer of Delta Oil & Gas Inc.
Ms. Davies is a highly experienced corporate secretary, having worked in office administration for the past 29 years. She obtained a diploma from the Sir George Williams University in Quebec as a business stenographer in 1974. She has extensive experience with exploration companies, and brings a broad knowledge of the public company mining sector, as well as strong office management skills and excellent corporate communications. Ms. Davies is a self-employed consultant and acts as an officer of several publicly traded companies listed on the Exchange.
Roland Butler, B.Sc., Geology
Mr. Butler graduated from Memorial University in Newfoundland and Labrador (B.Sc., Geology) in 1996 and was the co-founder of Altius Minerals Corporation (ALS:TSX). He served as Vice President and Director of Altius from listing in October 1997 through to March 2010 and also served as CFO until 2003 and COO from 2007. During that time, he played an integral part in a successful business model of generating mineral exploration projects and pursuing joint venture and royalty agreements or creating new companies with third parties. He was also co-recipient of the Entrepreneur of the Year Award 2008 by the Faculty of Business Administration, Memorial University on behalf of Altius Minerals Corporation.
Darryl Cardey, CA
Mr. Cardey obtained a Bachelor of Commerce degree from the University of British Columbia in 1990. Mr. Cardey has served as an officer and/or director of several publicly traded companies, and is the principal of Cardey Management Corp., a private British Columbia venture capital firm, and has extensive corporate finance contacts both in North America and Europe. Mr. Cardey is founder and Directors of Underworld Resources
Charles C. Hawley, B.A., Ph.D.
Dr. Hawley obtained a B.A. in Geology from Hanover College, Indiana in 1951 and joined the U.S. Geological Survey in 1952 after graduate studies at the University of Wisconsin. He earned a Ph.D. in geology from the University of Colorado in 1963 and worked for the Geological Survey until 1968. Dr. Hawley has been instrumental in developing precious metals and copper in the Alaska Range, Seward Peninsula, and Brooks Range, working as a field geologist, consultant and executive officer of junior mining companies since 1969. He was Executive Director of the Alaska Miners Association from 1976-1979, on the National Advisory Committee to the U.S. Bureau of Land Management from 1989-1992 where he chaired the Mining Law Task Force and is a member of both SME and Fellow of the Society of Economic Geologists. Dr. Hawley is registered as a geologist in the State of Oregon and is a Certified Professional Geologist in the AIPG.
|Common Shares Issued||66,464,945|
|FULLY DILUTED CAPITALIZATION||86,080,331|
No info available.