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.
Millrock begins second phase of drilling at San Jose in Arizona
Metals explorer Millrock Resources (CVE:MRO) announced Tuesday it has begun a second phase of drilling at its San Jose project in southeastern Arizona.
Three holes will be drilled in the northern region of the San Jose claim, testing three coincident magnetic high STEM conductor anomalies, which were discovered during a recent airborne survey over the property.
Based on the results of this survey, Millrock staked an additional 289 claims.
The three holes have been pre-collared using a reverse circulation drill rig and will be completed with a core rig. Depths may reach up to 1,700 metres in each hole.
The project, which is positioned at the intersection of the Safford and Morenci porphyry trends, is part of an earn-in option agreement between Millrock and Inmet Mining (TSE:IMN). On the San Jose property, Millrock is acting as operator, while Inmet is funding the drilling program.
Inmet may earn up to a 70% interest in the San Jose and Dry Mountain claim blocks by making $4.0 million in exploration expenditures and option payments of $300,000.
Millrock shares on the TSX-Venture slipped 5.45% to 52 cents as of 1:28 pm EDT.



















