Millrock Acquires Chisna Copper-Gold Project, Alaska
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Millrock Resources Inc. has purchased mining claims comprising the Chisna project in Alaska. A 100 percent interest in the project was purchased by Millrock from Corvus Gold Inc. for US$25,000. Corvus will retain a 1 percent net smelter returns royalty on the claims. Along with the mineral rights, Millrock purchased an exclusive copy of a proprietary exploration database covering the claims and the surrounding district. The data represents an estimated US$11 million worth of exploration work. The claims hold indications of copper-gold porphyry deposits. There are numerous untested targets represented within the proprietary database. Other possible target types in the district include gold-only vein and intrusion-hosted deposits, as well as nickel-platinum group element deposits.
“We are pleased to add this project to our portfolio and look forward to utilizing the information that we’ve purchased. Since Corvus has now focused their efforts on their discovery in Nevada, a great opportunity was created for Millrock in Alaska,” said Millrock President and CEO Gregory Beischer.
The easternmost portion of the Chisna project is accessed by a series of trails leading from the paved Tok Cutoff highway. The trailhead is four kilometers west of the village of Slana. Fairbanks Alaska lies 420 km by road to the northwest.
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 primarily comes from 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 and Altius.
To stop by Millrock’s website, CLICK HERE
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