VANCOUVER, BC–(Marketwired – September 06, 2016) – Millrock Resources Inc. (TSX VENTURE: MRO) (“Millrock”) announces that it has initiated a drilling program at its Los Chinos gold project in Sonora State, Mexico. The project is the subject of a previously-announced option to joint venture agreement with Centerra Gold Inc. (“Centerra”). Under the option agreement, Centerra can earn a 70% interest by funding US$5.0 million in exploration expenditures over a five year period. Millrock manages the exploration work in close consultation with Centerra.
The drilling program is planned to consist of at least ten holes totaling approximately 2,000 meters. The first target to be tested will be the El Camino zone. At this prospect anomalous gold, lead and arsenic are detected over an area measuring 700 meters long and up to 500 meters wide. Other pathfinder elements present within the anomaly include zinc and silver. From a recently-completed induced polarization survey, resistivity lows bounding resistive blocks seem to correlate with anomalous soil results. Mineralized quartz veins exposed at surface appear to have formed along shear zones developed along syn-metamorphic, low-angle reverse faults. Specular hematite is commonly present near veins and pale green sericite-chlorite characterizes the altered wall rocks of the shear zones. Extensional structural conditions are indicated. Mapping has demonstrated that the typical characteristics of orogenic-type gold deposits area present on the Los Chinos project.