Millrock and Centerra Gold Form Strategic Alliance to Target Gold Projects in Sonora, Mexico

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/574-tsx-venture/mro/27989-millrock-and-centerra-gold-form-strategic-alliance-to-target-gold-projects-in-sonora-mexico.html

VANCOUVER, BC–(Marketwired – January 05, 2017) – Millrock Resources Inc. (TSX VENTURE: MRO) (“Millrock”) announces it has entered a strategic alliance agreement (“Alliance”) with Centerra Gold Inc. (“Centerra”). Under the Alliance Millrock will execute generative exploration and evaluate prospective properties to develop gold exploration projects. Centerra will provide funding of at least US$250,000 this year.

Millrock and Centerra may nominate projects developed under the Alliance that would become subject to an option to joint venture agreement between the companies. Multiple projects may result from Alliance work with a designated exploration budget for each project that will initially be funded by Centerra.

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