News
Release
Millrock
Exploration Update
VANCOUVER, BRITISH COLUMBIA, July 8, 2009 - Millrock
Resources Inc. (MRO - TSX:V) (�Millrock� or the �Company�) is pleased to announce that its
exploration crews have initiated activities in Alaska. Work in July
will focus on the Company's Estelle project, and on project generation
activities to be carried out under the Strategic Alliance with Altius
Minerals Corp. (ALS - TSX), through its wholly-owned subsidiary Altius
Resources Inc. (�Altius�).
At the Estelle Project, Millrock will follow up on discoveries made
in 2008, and define targets in anticipation of a possible September
drilling program. Work last year revealed the presence of widespread
disseminated arsenopyrite mineralization with strong gold values. The
style and geological setting of the mineralization is very similar to that
of Donlin Creek a western Alaska gold deposit estimated to contain proven
and probable reserves of 29.3 million ounces of contained gold and an
additional 10 million ounces of gold resources of various categories
(NovaGold press release April 28, 2009). A summary description of the
Estelle project can be viewed at http://millrockresources.com/index.php/projects/estelle/.
Elsewhere in the state, Millrock is conducting reconnaissance
surveys within one of five Areas of Interest subject to a strategic alliance
with Altius. The work will focus on gold targets developed through
geological research. The objective is to generate high-potential gold
projects that can be successfully marketed to joint venture partners.
The partners will fund exploration to earn an interest in the strategic
alliance projects.
About Millrock Resources Inc.
Millrock is TSX Venture Exchange listed company intent upon the
discovery of high value mineral deposits, with a focus on Alaska gold
deposits and Arizona copper-gold porphyries. The Company follows a project
generator - joint venture business model that capitalizes on Millrock's
knowledge and ability in two outstanding mining jurisdictions. This model
shares risk by partnering with other companies that invest capital to move exploration
projects toward development and production. 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
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