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Millrock Resources Provides Update on Drilling, Aurora Target, West Pogo Block, 64North Gold Project, Alaska
Highlights: Assay results from the lower portion of hole 20AU001 and the upper part of hole 20AU002 (which was suspended in progress above the target depth) hav
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" Highlights: Assay results from the lower portion of hole 20AU001 and the upper part of hole 20AU002 (which was suspended in progress above the target depth) have been received. Multiple zones of gold mineralization in fault zones have been intersected in both holes. The gold mineralization is associated with sulfide-bearing (pyrite, arsenopyrite, pyrrhotite and bismuthinite) quartz veins and vein breccia enveloped by extensive, strong, wallrock alteration. To date, drilling at Millrock’s Aurora Target has intersected a mineralizing system similar in nature to that on the neighboring Pogo Mine property (operated by Northern Star Resources Limited). The drilling program, which was suspended in mid-March 2020 due to concerns over the COVID-19 virus, is scheduled to resume in late May 2020. Millrock, its contractors, and its funding partner have developed a set of protocols and guidelines for safe operations in the prevailing pandemic. An overall US$5 million exploration program is planned for 2020. Regional targets are being advanced to create a pipeline of drill-ready targets. VANCOUVER, British Columbia, May 14, 2020 (GLOBE NEWSWIRE) -- Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) (\"Millrock\" or the “Company”) is pleased to provide an update on drilling 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. The target being drilled at the Aurora Target 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. Millrock President & CEO commented: “The core dr...