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Millrock explores BC projects

 

Last updated 1/11/2018 at 7:44pm

Millrock Resources Inc.

Receding glaciers are exposing highly mineralized rock at Millrock Resources' Willoughby gold-silver property in northwestern British Columbia.

Millrock Resources Inc. Aug. 30 announced the start of the 2017 field program at Willoughby and Oweegee Dome projects in the Golden Triangle region of northwestern British Columbia.

This program is being carried out by Millrock and funded by Sojourn Exploration Inc. (formerly Sojourn Ventures Inc.), which has options to acquire full ownership of Willoughby and Oweegee Dome from Millrock.

Willoughby has a long exploration history, including two phases of drilling.

Stationed out of Millrock's exploration facility in Stewart, this year's work at Willoughby is primarily focused on prospecting for newly exposed surface mineralization along the margins of glacier that have retreated significantly since geologists last investigated the property nearly a decade ago.

The field crew will search for mineralized zones, collect rock samples and create geological maps. Additionally, structural geology will be mapped to help understand the gold mineralizing controls.

Additionally, the paper records from historical drilling at Willoughby will be digitized, databased and put into a three-dimensional.

Past drilling results indicate high-grade gold over significant core lengths. Highlights include 20.5 meters averaging 25 grams per metric ton gold and 184 g/t silver; and 3.5 meters of 132 g/t gold and 2,671 g/t silver.

This year's work at Oweegee Dome, which is prospective for porphyry copper-gold and volcanogenic zinc-lead deposits, includes stream sediment sampling, prospecting, mapping and soil sampling.

Past exploration at Oweegee Dome includes airborne geophysics, ground sampling and drilling.

One hole drilled there in 2007 cut 138.7 meters averaging 0.189 g/t gold and 0.074 percent copper, including a 17.1-meter section that averaged 0.468 g/t gold and 0.11 percent copper.

Sojourn and Millrock closed two deals on Aug. 24 that provide Sojourn the opportunity to earn full ownership of Willoughby and Oweegee Dome by issuing 4.14 million shares to Millrock over the next two years and investing C$4 million on exploration of the properties over the next three years. Upon closing of the option agreement, Millrock received the first payment of 1.8 million Sojourn shares. With this issuance, Millrock owns 12.6 percent of Sojourn's issued and outstanding shares.

-SHANE LASLEY

 

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