Here is Millrocks release on where we stand at the moment:
Millrock Reports Operations Update: Aurora Target Drilling and Geophysical Surveys, West Pogo Block, 64North Gold Project, Alaska
Highlights
The planned program of 2,300 meters in three holes is well underway.
Hole 20AU003 has been completed and tested gently northwest-dipping structures detected by CSAMT geophysical surveys in a low magnetic area.
Hole 20AU004 is in progress and is being drilled to 950 meters to test a CSAMT conductor in the vicinity of the Half-Ounce Gulch gold prospect.
Assay results from the current program are anticipated in late August/early September.
An airborne magnetic ZTEM – MAG survey has been completed over the Aurora and Echo Targets, as well as the neighbouring Goodpaster gold deposit.
Detailed airborne magnetic surveys are being flown in a collaborative effort with the State of Alaska Division of Geological and Geophysical Surveys.
Plans are being made to test the Echo target, which is located in the down-dip direction from the adjacent Pogo Mine and Goodpaster prospect on the adjacent property owned by Northern Star Resources Limited.
VANCOUVER, BRITISH COLUMBIA, July 10, 2020- Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) is pleased to provide an update on drilling and other exploration at its 64North Gold project. Exploration work is being funded and managed by Resolution Minerals (“Resolution” ASX: RML) in a collaborative arrangement with Millrock as the project operator. The 64North Gold Project is a very large tract of claims in Alaska’s emerging Goodpaster Gold District. Drilling has been ongoing since early June and continues at present. The drilling program is focused on the Aurora Target, with approximate hole locations shown in Figure 1.
The target being drilled at Aurora is adjacent and immediately west of the Pogo Mine property, which is owned and operated by Northern Star Resources Ltd. (“Northern Star”). Northern Star has previously reported a gold resource of 5.95 million ounces of gold in a series of veins grading 9.6 grams per tonne gold (Source:Northern Star website). More than four million ounces of gold has already been mined at Pogo, and Northern Star has recently announced a new gold discovery called the Goodpaster deposit a short distance away from the mutual claim boundary. Millrock cautions that mineralization on the nearby Northern Star property is not necessarily indicative of gold mineralization hosted on the Company’s property. Presently, hole 20AU004 is testing a CSAMT conductive zone on-trend and below the Half-Ounce Gulch prospect (“HOG” on Figure 1). High-grade gold grab samples have been reported from prior workers at this site, and two historic drill holes intersected high-angle veins beneath the prospect. The earlier workers did not have the benefit of the CSAMT data shown in Figure 2, and those earlier holes (MR12-01 and MR12-02) were not drilled deep enough to intersect the shallow-dipping conductive zone that Millrock postulates to represent low-angle fault structures with quartz veining, sulfides, and gold mineralization. The hole is presently at 900 meters depth below surface.
Millrock President & CEO commented:“Hole 20AU004 is an exciting hole to drill. We believe the gold mineralization at surface is a good indicator for gold below surface in flat-lying structures. We are drilling through the target zone now. The ZTEM survey, if successful in detecting the conductive zones initially indicated by the CSAMT ground-based method, could result in great efficiencies in future exploration of other prospects across our expansive, district-scale land holdings.”
Figure 01.Airborne magnetic base map with CSAMT conductors and progressing airborne ZTEM / Magnetic Survey Areas with historic, planned, and recently completed drill hole locations.
Figure 02.CSAMT cross-section results for Line 3 with historic holes MR12-01 and MR12-02 projected to plane of section. Reddish areas represent increased conductivity, which indicates increased rock alteration by mineralizing fluids and sulfide minerals that may be accompanied by gold mineralization.
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