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Additional Information
Market: TSX-V
Sector: General Mining - Gold
EPIC: MRO
Latest Price: C$0.22  (-14.00% Descending)
52-week High: C$0.72
52-week Low: C$0.16
Market Cap: C$15.23M
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Millrock Resources Inc
www.millrockresources.com

Millrock Resources Inc. is a premier project generator to the mining industry.  In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, 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, eight gold-copper properties in Alaska, and three porphyry copperprospects in Arizona.  With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million for 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

Full Millrock Resources Inc profile here
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Millrock Resources to option 100% of Rainville project

5th Apr 2011, 1:46 pm by Deborah Sterescu

Copper and gold explorer Millrock Resources (CVE:MRO) said Monday it has agreed to option a 100% interest in a large block of Arizona State exploration permits, referred to as the Rainville project.

The permits cover lands located southeast of Safford, and south of the Morenci mine in southeastern Arizona.

Millrock said it believes there is potential to discover porphyry copper deposits on the property hidden beneath overburden, as Rainville is positioned along the trend of Safford deposits, which have been actively explored by mining giant Freeport McMoran.

Under the terms of the deal, Millrock must pay a total of US$400,000 and issue 500,000 shares to the vendor over a period of six years in order to maintain its option. If all option payments are made, the property can then be purchase for a sum of US$1.0 million.

In addition, if Millrock establishes an indicated mineral resource of 1.5 million tons or more of contained copper, the company will then owe a further US$1.0 million.

Millrock currently has 12 exploration projects, consisting of eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona.

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