| Millrock Purchases Batamote Copper Project, Sonora, Mexico | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 26, 2015) - Millrock Resources Inc. (TSX VENTURE:MRO) ("Millrock") announces that it has entered into an agreement under which it has purchased the Batamote copper project from Minera Teck S.A. de C.V. ("Minera Teck"), ultimately a subsidiary of Teck Resources Limited ("Teck"). The property is located approximately 100km northeast of the city of Hermosillo. It is situated between the La Caridad and the Cananea porphyry copper - molybdenum mines, both of which are owned by Grupo Mexico. The property, which is in close proximity to Millrock's Rio Sonora and Los Cuarentas copper projects, is comprised of three mining concessions that cover a surface area of 5,796 hectares. Millrock Resources Inc. is a premier project generator to the mining industry. In the search for world-class metallic mineral deposits in mineral-rich Alaska, southwest USA, and Mexico, 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. Millrock currently has twenty-eight active exploration projects, nine gold, copper and zinc properties in Alaska, a uranium project in New Mexico, and seventeen gold, silver and copper projects in 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: First Quantum, Teck, Kinross, Vale, Inmet and Altius. ON BEHALF OF THE BOARD Gregory Beischer, President & CEO Some statements in this news release contain forward-looking information. 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. "NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."
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Millrock Resources Inc.
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EXPLORATEUR |
CODE : MRO.V |
ISIN : CA6011322022 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Millrock Resources est une société développant des projet miniers basée au Canada. Ses principaux projets en exploration sont GALIURO, UNGALIK, CRISTO, SAN JOSE, DRY MOUNTAIN, BLUFF, FORTYMILE, ESTELLE, UNCLE SAM, DIVIDE et COUNCIL en USA. Millrock Resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,6 millions CA$ (1,2 millions US$, 1,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 10 décembre 2010 à 9,90 CA$, et son plus bas niveau récent le 21 mars 2023 à 0,03 CA$. Millrock Resources possède 44 525 418 actions en circulation. |