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.
Copper Fox, Inter-Citic and Millrock highlighted among Brien Lundin's top picks
Copper Fox Minerals (CVE:CUU), Inter-Citic Minerals (TSE:ICI) and Millrock Resources (CVE:MRO) are among the "outstanding opportunities" highlighted in the current issue of Gold Newsletter by editor and publisher Brien Lundin, also the president and CEO of Jefferson Financial.
Lundin said that Copper Fox's Schaft Creek project in northwestern British Columbia was "one of the world’s largest undeveloped copper-gold-moly deposits" and its stock appears "on sale."
The company recently increased the size of a private share placement by $2 million to $5 million, and said earlier this month that it extended high grade mineralization at Schaft Creek to the east of the previous open pit design by over 140 metres.
On Inter-Citic Minerals, Lundin commented that its "value must be recognized at some point" since the company had "millions of ounces of gold in China", with a $6.3 million exploration program underway.
The 2011 campaign at its Dachang gold project in China will include up to 25,000 metres of drilling, and 10,000 metres of trenching, geared towards further resource growth on new areas of the property.
For the first time, Inter-Citic will also be systematically drilling under the current resource area of the Dachang Main Zone (DMZ), which has only been previously drilled to a vertical depth of roughly 150 metres from the surface. The company will now be testing the mineralized fault structure at depths of between 500 and 750 metres.
Finally, Lundin previously recommended Millrock Resources at 6 cents per share in 2008, and sees "another opportunity to pick up this outstanding exploration outfit" at a bargain level. The company is now "light years more advanced" than it was in 2008, said Lundin, with pending news on its high-profile drill programs.
Millrock is seeking gold and copper deposits in mineral-rich Alaska and Arizona, working in partnership with Kiross Gold (NYSE:KGC)(TSE:K) and Valdez Gold (CVE:VAZ). Drill programs have been taking place across three projects in each Alaska and Arizona, while surface work at the company's other projects are continuing in anticipation of drill programs for the 2012 season.
The Gold Newsletter can be found at: http://www.goldnewsletter.com/. Lundin is also the president and CEO of Jefferson Financial, a highly regarded publisher of market analyses and producer of investment-oriented events.
Under the Jefferson Financial umbrella, Lundin publishes and edits Gold Newsletter, a cornerstone of precious metals advisories since 1971. He also hosts the New Orleans Investment Conference, the oldest investment event of its kind.
