VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 13, 2015) -
Millrock Resources Inc. (TSX VENTURE:MRO) ("Millrock") announces that
it has entered into an agreement under which it has been granted the
option to purchase the Liberty Bell gold-copper project located near the
town of Healy, Alaska. The property is comprised of 188 claims covering
6,150 ha.
The Liberty Bell project is prospective for
a)
replacement-style gold mineralization,
b) gold-bearing quartz veins,
stockworks and shears, and
c) intrusion hosted gold.
The claim area is
host to a small, former producing mine - the Liberty Bell Mine - which
was operated by Eva Creek Mining. As reported in a U.S. Geological
Survey Bulletin, production records for the Eva Creek Mining Company for
1932 and 1933 indicate that 8,400 ounces of gold were produced from
17,500 short tons of ore (Smith, P. S., 1933, Mineral Resources of
Alaska in 1930: U.S. Geological Survey Bulletin 836-A, p. 1-83). In 1987
NERCO reported a resource estimate of approximately 150,000 ounces of
gold in rock grading 0.08 to 0.10 ounces of gold per ton. (Freeman, L.K,
Hannemann, N.L., and Flanders, R.W., 1988, Liberty Bell Joint Venture
Report of 1987 Exploration: Resource Associates of Alaska Report 70p).
Note:
The resource estimate was produced prior to the institution of NI43-101
guidelines for reporting mineral resources. A qualified person has not
done sufficient work to classify the historical estimate as current
mineral resources or mineral reserves and Millrock cannot presently
verify the relevance or reliability of the historical estimate. Millrock
is not treating the historical estimate as current mineral resources or
mineral reserves. Re-sampling and re-logging of existing drill cores
and confirmatory and infill drilling from surface will be required to
determine the significance of the historical resource. A qualified
person has not verified the production reports or mineral resource data
reported by NERCO.