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(307) stories found containing 'Millrock Resources'


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  • Estelle Oxide exploration Australian junior exploration company Alaska

    Nova gears up for drilling at Estelle

    Updated Sep 25, 2020

    Nova Minerals Ltd. (formerly Quantum Resources Ltd.) July 31 said it plans to complete at least 8,000 meters of drilling over the next six to eight weeks at the Estelle gold-copper-silver project about 100 miles northwest of Anchorage. The Australia-based explorer optioned Estelle late in 2017 as part of a larger deal that included four other Southwest Alaska properties – Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek silver-zinc-lead...

  • World-class gold mine development Yukon Kuskokwim region Alaksa

    Dead cat bounce for Alaska mining?

    Curt Freeman, Special to Mining News|Updated Sep 25, 2020

    Although the Alaska mineral industry is in better health in the middle of 2018 than it has been in the last five years, the spirited recovery that was in progress in the first quarter of the year is now looking more like a dead-cat bounce – a minor recovery after a long down trend. This is particularly true of the exploration sector. Reviewing the Alaska minerals industry, you will note that several exploration projects are only now commencing their 2018 exploration p...

  • Copper gold skarn porphyry exploration drilling Alaska

    Millrock projects draw exploration funds

    Updated Sep 25, 2020

    Millrock Resources Inc. July 18 said roughly US$5 million of partner-funded exploration is being carried out across its portfolio of mineral properties, including 10,000 meters of drilling at three projects in Alaska and Mexico. "We have plenty of potential catalysts to improve the Millrock share price through the discovery of valuable resources," said Millrock President and CEO Greg Beischer. Millrock Resources is a project generating mineral exploration company with five...

  • Porphyry skarn copper gold exploration drilling Millrock PolarX

    Visible gold cut below PolarX' Zackly skarn

    Updated Sep 25, 2020

    PolarX Ltd. July 17 reported that strong, visible copper and gold mineralization was seen in ZX‐18018, a recently completed hole that drilled about 100 meters below the current resource at the Zackly skarn deposit on the Australian explorer's Alaska Range property. A 13-hole drill program carried out in 2017 upgraded the historical Zackly deposit to 3.4 million metric tons of JORC- (Australian Joint Ore Reserves Committee) compliant inferred resource grading 1.2 percent (...

  • PolarX Minerals Stellar copper gold property Millrock Resources

    Early Zackly results show growth potential

    Shane Lasley, Mining News|Updated Sep 25, 2020

    MACLAREN RIVER: A cold summer rain drizzling down on the exploration camp does not dampen the spirits of PolarX Ltd. Executive Director Jason Berton ... and for good reason. Laid out across the tables in the core shack at the company's highway accessible exploration camp is gold- and copper-rich skarn mineralization from a hole drilled some 850 meters east of the current resource at the Zackly deposit on the company's Alaska Range project. If ongoing drilling can trace this...

  • Stellar high-grade gold copper skarn deposit, Millrock, PolarX exploration

    Alaska Range expansion drilling underway

    Updated Sep 25, 2020

    PolarX Ltd. June 19 reported the start of a 5,000-meter drill program focused on expanding the high-grade Zackly copper-gold skarn deposit at the company's Alaska Range project. Millrock Resources Inc., which owns a 9.76 percent interest in PolarX, managed a drill program last year aimed at updating a historical resource for Zackly. Based on the results of this 13-hole program, Zackly currently hosts 3.4 million metric tons of JORC-compliant inferred resource grading 1.2...

  • Accumulating copper, gold at Alaska Range

    Shane Lasley, Mining News|Updated Sep 25, 2020

    PolarX Ltd. is ready to kick off the initial phase of its 2018 drill program at its Alaska Range copper-gold project. Encompassing the Stellar and Caribou Dome properties, the Alaska Range blankets a 22-mile mineralized trend that hosts Zackly, a high-grade skarn deposit with roughly 91 million pounds of copper and 213,000 ounces of gold; Caribou Dome, a sediment-hosted deposit with 280 million pounds of copper; and numerous exploration targets. The initial 23-hole program...

  • Australian mineral exploration junior gold copper skarn Alaska Millrock

    PolarX raises Alaska Range drilling funds

    Updated Sep 25, 2020

    PolarX Ltd. May 15 announced that it has raised AU$2.5 million for exploration and development activities on the Alaska Range copper project in Alaska. The financing involved the issuance of roughly 24 million shares at a price of AU10.5 cents per share. Initial exploration at Alaska Range will focus on expanding the Zackly copper-gold-silver skarn deposit. In March, PolarX announced a maiden Australian Joint Ore Reserves Committee- (JORC) compliant resource for Zackly of 3.4...

  • Stellar Millrock PolarX skarn deposit drilling Southcentral Alaska

    PolarX upgrades Zackly resource

    Updated Sep 24, 2020

    PolarX Limited March 20 reported that the Zackly deposit at its Alaska Range project hosts 90.8 million pounds of copper, 213,000 ounces of gold and 1.5 million oz of silver in a resource compliant with Australian Joint Ore Reserves Committee (JORC) mineral reporting standards, a code for reporting mineral resources and ore reserves similar to National Instrument 43-101 standards in Canada. A historical resource for Zackly was calculated at 1.54 million metric tons grading...

  • Millrock to embark on a new Sojourn in B.C.

    Updated Sep 24, 2020

    Millrock Resources Inc. Feb. 2 announced that it has cut deals to move its trio of Golden Triangle exploration projects into what is expected to be a well-financed exploration company managed by an outstanding technical team that will specialize as a British Columbia project generator company. Under the contemplated transaction, Millrock will vend its Todd Creek project to Sojourn Exploration Inc. The terms of the existing option agreements with Sojourn concerning two other...

  • Screen assays increase Zackly gold grades

    Updated Sep 24, 2020

    PolarX Ltd. Feb. 7 reported that screen fire assays from the 2017 drilling of the Zackly deposit at its Alaska Range project have returned roughly 37 percent higher gold grades than the results of the initial conventional fire assays. Screen fire assays, which involve screening a large pulverized sample and analyzing the larger material separate from the material that goes through the 75-micron screen, is the most accurate way to assay material known to contain coarse gold....

  • PolarX expands Alaska Range project

    Updated Sep 24, 2020

    PolarX Ltd. Jan. 31 announced that it has staked 34 state mining claims to cover potential extensions of copper mineralization at its Alaska Range project. The roughly 60,000-acre Alaska Range project encompasses the Stellar copper-gold and adjacent Caribou Dome high-grade copper properties. The Senator copper prospect on the Caribou Dome side of the Alaska Range project was discovered through a soil sampling program carried out in 2016. This work outlined a roughly 5,000- by...

  • Generating a transformative discovery

    Shane Lasley, Mining News|Updated Sep 24, 2020

    With fresh funds in the bank and partners exploring the gold, copper and silver projects it has generated in Alaska, British Columbia and Mexico, Millrock Resources Inc. is positioned well for 2018. As a project generator, Millrock is leveraging its team's geological expertise by identifying and acquiring promising mineral projects, completing preliminary exploration aimed at bolstering the their potential and then vending them to partners to fund the more advanced stages of...

  • More Alaska mines

    Shane Lasley, Mining News|Updated Jan 27, 2018

    Alaska’s current fiscal crisis has highlighted the need to diversify the state’s economy and being one of the richest minerals jurisdictions on the planet, mining is an industry that could play a major role in future wealth creation in the Last Frontier. Alaska Gov. Bill Walker touched on mining’s role in the state’s future during a Nov. 15 address at the Alaska Resource Conference. “We have six large scale mines in Alaska, we would like to have 12,” he told the business le...

  • Quantum Pebble leap

    Shane Lasley, Mining News|Updated Jan 25, 2018

    In a framework agreement announced on Dec. 18, First Quantum Minerals Ltd. was revealed as the major mining company that will complete the Pebble Limited Partnership. "We have made good progress in the partnering process and are very pleased to be in advanced-stage discussions with First Quantum, an industry leader in mine development and management," Ron Thiessen, president and CEO, Northern Dynasty Minerals Ltd., currently the sole owner of the Pebble Partnership. While the...

  • Wider copper-gold cut at Zackly

    Updated Jan 25, 2018

    PolarX Ltd. Dec. 6 reported that assay results from two additional holes drilled at Zackly continue to confirm the historical copper-gold resource for the skarn deposit within the company's Alaska Range project. Hole ZM-17010 cut two mineralized intercepts - 5.5 meters averaging 0.65 percent copper and 1.11 grams per metric ton gold from 155.9 meters; and 18.4 meters of 1.34 percent copper and 1.15 g/t gold from 169.5 meters. Hole ZM-17015 cut 5.9 meters averaging 1.23...

  • Mining Explorers 2017: Majors fill funding void North of 60

    Shane Lasley, publisher North of 60 Mining News|Updated Jan 24, 2018

    Goldcorp Inc.’s half-a-billion-dollar purchase of Kaminak Gold Corp. and the Coffee Gold project in Yukon Territory in 2016 marked a major shift for North of 60 mining explorers. Junior mining explorers typically look to the investment community for the venture capital needed to discover rich deposits of minerals. In turn, major mining companies come along and buy the mineral-rich project or the company that discovered it, typically providing a handsome return for the j...

  • Mining Explorers 2017: Millrock Resources Inc.

    Updated Jan 24, 2018

    Millrock Resources Inc. is a project generating mineral exploration company with seven projects in Alaska, three in British Columbia, 15 in Mexico and one in New Mexico. In Alaska, Millrock struck a deal with Kinross Gold Corp. that provides the major the option to earn a 70 percent joint venture interest in Liberty Bell, a road-accessible project about 70 miles southwest of Fairbanks that is prospective for copper-gold porphyry and associated gold deposits. Previous work at...

  • Mining Explorers 2017: Kinross Gold Corp.

    Updated Jan 24, 2018

    Kinross Gold Corp. has a two-pronged exploration strategy – focus its own efforts on high-quality brownsfield assets, including the discovery of new resource surrounding its existing operations; and nab a foothold on promising greenfield opportunities through partnerships with high-quality junior exploration companies. The Fort Knox Mine in Interior Alaska is an example of the success the company has had in expanding resources near its mines. In its 21st year of operation, t...

  • Mining Explorers 2017: PolarX Ltd.

    Updated Jan 24, 2018

    PolarX Ltd. debuted this year as a new Australia-based exploration company focused on advancing Caribou Dome and Stellar, high-grade copper and copper-gold projects in Southcentral Alaska. This company is the product of a merger between Coventry Resources, a Perth-based junior that had been exploring Caribou Dome for the past two years, and Vista Minerals Pty Ltd., a privately owned "Down Under" explorer that holds the rights to the adjacent Stellar copper-gold project. The pr...

  • Mining Explorers 2017: State witnesses major upturn in activity

    Shane Lasley, Mining News|Updated Jan 24, 2018

    Alaska's minerals exploration sector is on an upswing, thanks to Australian mining explorers looking north and mining majors upping their activities in the state. South32 Ltd., a Perth, Australia-based miner spun out of BHP Billiton Plc, is the largest mining company from Down Under to express an interest in Alaska's mineral potential this year. South32, which has eight operating mines in the Southern Hemisphere, secured an option to acquire a 50 percent interest in Trilogy...

  • Millrock identifies new Todd Creek prospects

    Updated Jan 15, 2018

    Millrock Resources Inc. Dec. 18 said stream sediment sampling has identified new multi-metal prospects on its Todd Creek project in the Golden Triangle region of northwestern British Columbia. The survey, which covered a 6-kilometer- (3.7 miles) by 16-kilometer- (10 miles) area, affirmed multi-element anomalies in areas of known base and precious metal mineralization that extend for 10 kilometers (6.2 miles) along the Todd Creek valley. This valley reflects a major faults...

  • Quantum Pebble leap

    Shane Lasley, Mining News|Updated Jan 13, 2018

    In a framework agreement announced on Dec. 18, First Quantum Minerals Ltd. was revealed as the major mining company that will complete the Pebble Limited Partnership. "We have made good progress in the partnering process and are very pleased to be in advanced-stage discussions with First Quantum, an industry leader in mine development and management," Ron Thiessen, president and CEO, Northern Dynasty Minerals Ltd., currently the sole owner of the Pebble Partnership. While the...

  • Sojourn narrows drill targets at GT projects

    Updated Jan 13, 2018

    Sojourn Exploration Inc. Dec. 7 said its initial exploration at the Oweegee Dome project in northwestern B.C. has identified multi-element stream sediment and soil anomalies associated with several historical volcanogenic massive sulfide and porphyry geophysical targets on the property. Oweegee is one of two Golden Triangle properties Sojourn optioned from Millrock Resources Inc. in August. This year’s sampling program was recommended by Millrock as a logical follow-up to airborne geophysical survey and data compilation it co...

  • Stellar drilling tops expectations

    Updated Jan 11, 2018

    PolarX Ltd. Nov. 23 reported that assays from the first five holes drilled at Zackly confirm the high-grade copper-gold mineralization in this skarn deposit on the Stellar property. Significant results from the first five holes include: 14.5 meters of 2.5 percent copper and 2 grams per metric ton gold from a depth of 34.9 meters; 5.3 meters of 2 percent copper and 2.7 g/t gold from 9.7 meters; and 3.5 meters of 3.9 percent copper and 2.2 g/t gold from 99.1 meters. PolarX said these grades exceed those from historical...

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