VANCOUVER, BRITISH COLUMBIA, August 10, 2017 – Millrock Resources Inc. (TSX-V: MRO) (“Millrock” or “the Company”) is pleased to provide an update on its exploration activities in Alaska, British Columbia, and Mexico, as well as its growth plans for 2017 and beyond.
Keeping in line with the Project Generator business model, Millrock has continued to generate numerous high-quality projects over the past four years. Most recently, the Company has added two new projects to its portfolio: the La Navidad and El Picacho gold projects in Sonora State, Mexico.
Presently, Millrock has three partner companies funding work on five different projects. Total 2017 exploration expenditures are estimated to be US$5.1 million, and revenues from management fees are estimated to be US$380,000, with most of the activity, expenditures, and revenues to come in the latter half of 2017.