No mineralization of significance was discovered in drilling at the Mallard Duck Bay prospect. Mineralization intersected at the Dry Creek prospect, while highly anomalous, was not strong enough to encourage further drilling.
Millrock is discussing an extension of the option to lease agreement concerning the lands with the underlying subsurface land owner, Bristol Bay Native Corporation.
Millrock president & CEO Gregory Beischer said: "The Dry Creek and Mallard Duck Bay prospects at the Alaska Peninsula project presented excellent opportunities for exploration success. Although the best targets were tested, no mineral deposit of economic significance was discovered. This is the nature of early-stage exploration. Most early-stage exploration drill targets do not result in discovery.
"However, if we keep drilling quality targets we will eventually succeed in discovering a valuable metallic mineral deposit. The Kawisgag prospect at the south end of the Alaska Peninsula project remains a strong target for drill testing."
The technical information within this document has been reviewed and approved by Gregory A. Beischer, President, CEO and a director of Millrock Resources. Mr. Beischer is a Qualified Person as defined in NI 43-101.
