News Release - NR #09-03
Millrock Announces Positive Drill
And Trench Results At Divide Project, Nome Alaska
January
26, 2009
VANCOUVER,
BRITISH COLUMBIA, January 26, 2009. Millrock Resources Inc. (MRO - TSX:V)
("Millrock" or the "Company") is pleased to announce
results from trenching and drilling at the Divide Project, near Nome,
Alaska..
Drill
highlights of the program include:
- 15.24 meters grading 3.1 g/t gold in hole DIV3004
- 1.52 meters grading 9.9 g/t gold in hole DIV3019
- 10.67 meters grading 1.2 g/t gold in hole DIV3002
- 6.10 meters grading 1.8 g/t gold in hole DIV3012
Trench
highlights include:
- 22.86 meters grading 2.2 g/t gold in trench DIV2016T
- 16.76 meters grading 1.5 g/t gold in trench DIV2008T
- 15.24 meters grading 1.1 g/t gold in trench DIV2012T
"We
are pleased with the outcome of the Divide 2008 exploration program. The
results indicate the presence of minable grades of gold over the entire
strike length of drilling for more than 1.4 kilometers," commented
Gregory Beischer, Millrock President & CEO. "Encouraging
near-surface intersections of gold mineralization were realized in 18 of the
21 short holes drilled and in 19 of the 21 trenches excavated. The drill and
trench results are helping our geologists hone in on areas where resources
can be defined with additional drilling. We will plan an aggressive
exploration program for 2009 in which we will test for continuity between
these drill intersections, at depth and along strike."
The Divide
2008 exploration program, consisted of geological mapping, drilling of
twenty-two reverse circulation holes totaling 2,656.3 meters and excavation
of twenty-four trenches totaling 1,243.6 meters. The drilling and trenching
successfully tested a previously identified, strong gold - arsenic soil
anomaly that measures over 2,600 meters long and 660 meters wide. Geological
mapping identified a strong east-west structural trend with veining that is
interpreted to control thicker, higher grade zones. Future work on the Divide
claims will be greatly aided by the overall results of the 2008 exploration
program.
The
following table summarizes most of the mineralized intersections identified
during the Divide 2008 drilling program using a cutoff grade of 0.5 g/t.
HoleID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
DIV3001
|
47.24
|
53.34
|
6.1
|
1
|
DIV3002
|
53.34
|
64.01
|
10.67
|
1.2
|
DIV3003
|
9.14
|
13.72
|
4.57
|
1.4
|
DIV3003
|
91.44
|
99.06
|
7.62
|
1
|
DIV3004
|
67.06
|
82.3
|
15.24
|
3.1
|
including
|
70.1
|
73.15
|
3.05
|
11.8
|
DIV3005
|
111.25
|
114.3
|
3.05
|
1.1
|
DIV3006
|
18.29
|
19.81
|
1.52
|
2.5
|
DIV3009
|
19.81
|
27.43
|
7.62
|
1.4
|
DIV3009
|
76.2
|
77.72
|
1.52
|
3.8
|
DIV3012
|
7.62
|
13.72
|
6.1
|
1.8
|
including
|
7.62
|
9.14
|
1.52
|
5.9
|
DIV3012
|
73.15
|
80.77
|
7.62
|
1.4
|
DIV3017
|
59.44
|
64.01
|
4.57
|
1.3
|
DIV3018
|
9.14
|
13.72
|
4.57
|
0.8
|
DIV3019
|
97.54
|
99.06
|
1.52
|
9.9
|
The
following table summarizes most of the mineralized intersections identified
during the Divide 2008 trenching program using a cutoff grade of 0.5 g/t.
HoleID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Au
(g/t)
|
DIV2002T
|
38.1
|
39.62
|
1.52
|
2.1
|
DIV2003T
|
15.24
|
16.76
|
1.52
|
3.3
|
DIV2005T
|
1.52
|
3.05
|
1.52
|
2.2
|
DIV2006T
|
7.62
|
9.14
|
1.52
|
5.3
|
DIV2007T
|
35.05
|
41.15
|
6.1
|
1
|
DIV2008T
|
4.57
|
7.62
|
3.05
|
1.3
|
DIV2008T
|
19.81
|
36.58
|
16.76
|
1.5
|
Including
|
22.86
|
27.43
|
4.57
|
2.6
|
DIV2008T
|
42.67
|
44.2
|
1.52
|
5.2
|
DIV2009T
|
7.62
|
9.14
|
1.52
|
3.2
|
DIV2010T
|
24.38
|
32
|
7.62
|
1.3
|
DIV2012T
|
18.29
|
33.53
|
15.24
|
1.1
|
DIV2014T
|
13.72
|
15.24
|
1.52
|
3.9
|
DIV2016T
|
3.05
|
10.67
|
7.62
|
1.6
|
DIV2016T
|
13.72
|
36.58
|
22.86
|
2.2
|
DIV2017T
|
36.58
|
39.62
|
3.05
|
1.5
|
DIV2018T
|
13.72
|
16.76
|
3.05
|
1.1
|
DIV2018T
|
19.81
|
22.86
|
3.05
|
1.4
|
DIV2020T
|
10.67
|
12.19
|
1.52
|
2.1
|
All holes
were drilled at an angle of -65�. Most intercepts are thought to be through
near vertical veins, so true thickness on the veins would be approximately
40% of the drill length. Trench intercepts are thought to be very close to
true thickness with the exception of some minor low-angle veins found in
trenches 2010T, 2013T and 2014T and a significant low-angle structure
identified in 2016T.
The Divide
Property is located in the prolific Cape Nome mining district about 45
kilometers north of Nome, Alaska. Access to the property is via the
Nome-Taylor Highway, which crosses the eastern boundary of the 1,424 ha claim
block. Millrock is jointly exploring the property with Alix Resources (AIX -
TSX:V) and the two companies will each hold a 50% interest once the terms of
an underlying option agreement have been met.
The rocks
at the Divide Property are underlain by structurally deformed, retrograde
greenschist facies metasediments (turbidites and related deep water
sediments) and are of late Proterozoic to Paleozoic age. These same types of
rocks are the source of the alluvial gold deposits of the Nome camp, where
approximately 5 million ounces of gold has been produced by placer mining
methods. The Rock Creek Mine, located approximately 33 kilometers to the southwest
of the Divide Property, hosts gold mineralization in a similar geological
setting and is potentially being developed by NovaGold Resources Inc.
The 2008
exploration program at the Divide Project was supervised by Gregory Beischer
the Company�s President and Chief Executive Officer and a Qualified Person as
defined by NI 43-101, who also prepared and approved the information
contained in this release. Mineralized intervals were sampled and placed in
sealed bags and delivered to Alaska Assay Lab in Fairbanks, Alaska for
analysis. Each sample was screened for metallics and a 1000-gram aliquot was
used for a fire assay. A sample quality control/quality assurance program was
conducted and successfully determined the acceptability of the Divide 2008 exploration
program results.
About
Millrock Resources Inc.
Millrock
Resources Inc. is a TSX Venture Exchange listed company intent upon the
discovery of high value mineral deposits, with a focus on Alaska and Arizona.
Millrock currently has four active exploration projects in Alaska, and three
in Arizona.
ON BEHALF
OF THE BOARD
"Gregory
Beischer"
Gregory Beischer, President & CEO
Some
statements in this news release contain forward-looking information,
including without limitation statements as to planned expenditures and
exploration programs. 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.
FOR
FURTHER INFORMATION PLEASE CONTACT
Patrick De
Witt, Manager, Investor Relations
(604) 638-3164
Millrock
Resources Inc.
750 World Trade Centre
999 Canada Place
Vancouver, BC V6C 3E1
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF
THIS RELEASE.
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