Millrock Agreement With Bering Straits Native Corporation on Bluff and Council Projects, Alaska, Concludes
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/10/13 -- Millrock Resources Inc. (TSX VENTURE: MRO) ("Millrock" or "the Company") announced today that the agreement with Bering Straits Native Corporation ("BSNC") subsidiary, Golden Glacier Inc. ("GGI") has been terminated. The lands associated with the agreement covered the Bluff project and a portion of the Council project, both of which had been a focus for gold exploration for the Company. Matt Ganley, BSNC Vice-President Resources and External Affairs noted, "BSNC and GGI appreciate the efforts of Millrock to advance the prospects, as well as the positive relationships developed with the region's communities...(and) BSNC wishes Millrock the best of luck with it's other outstanding projects."
About Millrock Resources Inc.
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 and southwest USA, 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 and attendant shareholder dilution taken on by most exploration companies. Millrock currently has eleven active exploration projects, seven gold-copper properties in Alaska, and four porphyry copper prospects in Arizona. With funding primarily coming from its joint venture partners, Millrock projects that it will carry out exploration programs with a total value of more than US$5M in 2013. Business partners of Millrock include some of the leading names in the mining industry: Teck, First Quantum and Altius.
ON BEHALF OF THE BOARD
Gregory Beischer, President & CEO
Some statements in this news release contain forward-looking information, including without limitation statements as to the overall 2013 program and budgets for Millrock's exploration efforts in Alaska and southwest USA. 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.
Contacts:
Millrock Resources Inc.
Gregory A. Beischer
(604) 638-3164
(604) 688-9620 (FAX)
www.millrockresources.com