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Millrock Resources Reports Geophysical Survey Results on West Pogo Block, Goodpaster Gold District Project, Alaska
VANCOUVER, British Columbia, Oct. 09, 2019 (GLOBE NEWSWIRE) -- Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) announces that i
About this update from Alaska Energy Metals Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Oct. 09, 2019 (GLOBE NEWSWIRE) -- Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) (\"Millrock\" or the “Company”) announces that it has received results of a Controlled Source Audio Magneto Tellurics (“CSAMT”) survey recently conducted on its West Pogo claim block, which comprises a portion of its Goodpaster Gold District exploration project. Gently dipping conductive zones potentially indicative of gold mineralization in the same regional shear zone that hosts the Pogo Gold Mine have been detected. The anomalous responses are directly along strike and down dip of a recent gold deposit discovery announced by Pogo Gold Mine operator Northern Star Resources Limited (“Northern Star”). The Goodpaster Deposit reported by Northern Star is located northwest of the existing Pogo Gold Mine approaching the boundary between Millrock’s West Pogo claims with the mine property. Gregory Beischer, Millrock President & CEO commented, “We have developed a compelling drill target at West Pogo. Numerous lines of evidence are pointing to the area along Aurora Creek, which is directly along strike to the southwest from a new, high grade discovery reported by our neighbours next door. We plan to construct a drill trail from the Pogo Gold Mine road to Aurora Creek and drill a well to provide a nearby, winter water source. This will give the flexibility to begin drilling in the winter months of 2020.” Highlights: A high conductivity geophysical response has been detected beneath and on the south side of Aurora Creek directly along strike from a recent gold deposit discovery on adjacent claims (the new Goodpaster Deposit) announced by Northern Star, operator of the Pogo Gold Mine. The CSAMT conductor is coincident with a magnetic low (indicating gold-mineralizing fluids may have altered the rock) and with strong gold, arsenic and bismuth soil geochemical anomalies at surface. The conductor appears to be gently dipping and is therefore consistent with a low-angle regional shear zone that is known to host the adjacent Pogo Gold Mine (total gold endowment of approximately 10 million ounces, as reported by Northern Star). On Line 3, the conductor lies approximately 120 m below the vertical penetration of a prior, historic drill hole which intersected gold in near-vertical quartz veins (which ...