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Contributed Opinion
Streetwise Reports (2/2/21) Maurice Jackson of Proven and Probable sits down with Millrock CEO Gregory Beischer to talk about recent developments at the prospect generator.
It s been a couple of months since we last spoke. Let s get readers up-to-date on the latest developments on the 64 North Project, as well as some of the upcoming drill programs that you may have slated coming up within the property bank of Millrock Resources. Speaking of the 64 North, several interesting developments are moving there simultaneously from road cutting sampling, assay results, trenching, and today the announcement of a 30% earn-in with Resolution Minerals. Let s visit the Aurora targets. What can you share with us regarding the latest assay results, sir?
Resolution Minerals Ltd (ASX:RML) Quarterly Activities and Cashflow Report 31 December 2020
Quarterly Activities and Cashflow Report 31 December 2020Adelaide, Jan 28, 2021 AEST (ABN Newswire) - Resolution Minerals Ltd (
ASX:RML) locked in a 30% interest in the 64North Project by successfully completing the Stage 1 expenditure requirements and issuing 10m shares and US$50,000 cash to Millrock (Vendor).
The Company has taken charge as Operator of the 64North Project Alaska removing the requirement to pay the 8% Operator fee to Millrock which totalled US$480K in 2019-20.
The Company has appointed Ms Rebecca Gower as VP Exploration Alaska. Ms Gower is relocating to Fairbanks, Alaska, permanently from Perth. Ms Gower has been working in gold and nickel exploration for the past eight years in based in Western Australia. Ms Gower is a US citizen and has previously worked in Alaska across multiple seasons and elsewhere in the Americas through a 15-year career in the mineral ex
Resolution Minerals Ltd (ASX:RML) Interest Earned in 64North Project Alaska
Interest Earned in 64North Project AlaskaAdelaide, Jan 28, 2021 AEST (ABN Newswire) - Resolution Minerals Ltd (
ASX:RML) executed an Option, Earn-in and Joint Venture (JV) agreement on 17 October 2019 as Northern Cobalt Ltd (
ASX:N27) (former company name of Resolution Minerals Ltd) with Millrock Resources Inc. Millrock is an Alaskan based project generator company listed on the TSX-V as MRO. Updated Terms of the Option, Earn-in & Joint Venture agreement to earn up to an 60% on the entire project and an 80% interest on a single best block include:
RML Current Interest in the 64North Project - 30%
announced assay results from road cut sampling made at the Sunrise prospect.
Millrock claims are shown in blue. The large, 660-square kilometer property is subdivided into “blocks.” Prospects pertinent to this press release are indicated in red. Image Credit: Millrock Resources Inc.
The samples were collected by drilling at the Aurora prospect of the West Pogo block, followed by trenching at the E1 prospect, Eagle block, located at the 64North Gold Project in Alaska.
The 64North Gold Project is a massive project located close to the Pogo Mine of Northern Star. Resolution Minerals is earning an interest in this gold project by financially supporting the exploration work.