|Bid||0.0610 x N/A|
|Ask||0.0630 x N/A|
|Day's Range||0.0600 - 0.0620|
|52 Week Range||0.0250 - 0.1550|
|Beta (5Y Monthly)||1.73|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Highlights: Assay results from the lower portion of hole 20AU001 and the upper part of hole 20AU002 (which was suspended in progress above the target depth) have been.
Assay results from the upper two thirds of Hole 20AU001 intersected multiple zones of gold mineralization associated with elevated arsenic and bismuth concentrations in a robust hydrothermal system. The target being drilled at the Aurora prospect is adjacent and immediately west of the Pogo Mine property, which is owned and operated by Northern Star Resources Ltd. (“Northern Star”).
As a precaution against the risk of COVID-19, and in the best interest of the safety of staff, Millrock and Resolution have temporarily suspended drilling operations at 64North. Several zones of quartz veining with sulfide mineralization and strong to intense sericite – dolomite wall rock alteration were intersected. All core drilled is at Millrock’s core logging facility in Fairbanks, Alaska and is being logged and sampled, with strict protocols in place for employee protection from COVID-19 infection.
Camp and drill rig are presently being mobilized to the Aurora target, immediately to the west of the Pogo Mine, Alaska. The drill holes will test area of low magnetic intensity and will pierce conductive zones thought to represent a regional, low-angle, northwest-dipping shear zone. The target shear zone is interpreted to be the same shear zone that hosts the gold deposits being mined by Northern Star Resources Limited (“Northern Star”) at the Pogo Mine.
Millrock has executed a definitive Option to Joint Venture agreement with Resolution Minerals Ltd. (“Resolution”) concerning Millrock’s district-scale 64North gold project in eastern Alaska (the project was previously named the Goodpaster project). The legal due diligence period was successfully completed, and Resolution has provided the required US$500,000 exploration advance.