Millrock Sells Violeta Concession, Sonora, Mexico

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/574-tsx-venture/mro/28819-millrock-sells-violeta-concession-sonora-mexico.html

VANCOUVER, BC–(Marketwired – January 31, 2017) – Millrock Resources Inc. (TSX VENTURE: MRO) (OTCQX: MLRKF) (“Millrock” or “the Company”) is pleased to announce that it has sold a concession named Violeta to Riverside Resources Inc. (TSX VENTURE: RRI) (“Riverside”).

Consideration paid by Riverside for the concession is $10,000 and 100,000 Riverside shares. Additionally, Riverside has granted a 0.5% Net Smelter Returns royalty to Millrock. The agreement is subject to approval by the TSX Venture Exchange.

Gregory A. Beischer, Millrock’s President & CEO commented: “This concession is favourably situated geologically and sits immediately adjacent to larger tracts of land that are known to host some interesting gold occurrences. In a larger, district play, Violeta could be a valuable block for Riverside. Millrock is pleased to now own some Riverside shares as we believe this fellow generative explorer will continue to succeed and that the shares will someday be much more valuable.”

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