NEWS RELEASE - NR
#08-04
Millrock Announces Results of Drilling at Inmachuk
Project, Seward Peninsula, Alaska
March 28, 2008
VANCOUVER, BRITISH
COLUMBIA, March 28, 2008 - Millrock Resources Inc. (MRO - TSX:V) has received
analytical results from the drilling program the Company carried out in the
latter part of 2007 at its Inmachuk project. The claims are on State of
Alaska land, 177 km (110 miles) north-northeast of Nome and 120 km (75 miles)
south of Kotzebue, Alaska. The Company has the option to earn a 60%
interest in the property from Full Metal Minerals (FMM - TSX:V).
Millrock drilled five holes
totaling 644.1 meters to test the Hannum Zone. At this location,
oxidized lead - zinc - silver mineralization had been discovered by previous
workers. The company tested a strong lead - zinc - arsenic -
antimony soil anomaly with a coincident geophysical conductor along strike
and down dip from the known mineralization.
Mineralization was
intersected in three of the five holes drilled, and consists of oxidized
sulfides. The mineralization is approximately stratiform and
stratabound, and occurs in carbonate schist, dipping shallowly
northeast. The Company interprets the mineralization to be
generally flat - lying pods of replacement style mineralization adjacent to a
structure. The zones are generally narrow and low grade. The
mineralized intervals are reported in the following table.
Hole
ID
|
From (m)
|
To (m)
|
Length (m)
|
Zn (%)
|
Pb (%)
|
1002IM
|
10.06
|
13.11
|
3.05
|
1.245
|
-
|
Including
|
10.06
|
11.58
|
1.52
|
1.1
|
-
|
Including
|
11.58
|
13.11
|
1.52
|
1.39
|
-
|
1004IM
|
19.20
|
25.82
|
6.61
|
2.06
|
-
|
Including
|
19.20
|
20.73
|
1.52
|
3.83
|
-
|
Including
|
20.73
|
22.25
|
1.52
|
1.31
|
-
|
Including
|
22.25
|
23.77
|
1.52
|
2.40
|
-
|
Including
|
23.77
|
24.78
|
1.01
|
1.04
|
-
|
Including
|
24.78
|
25.82
|
1.04
|
2.05
|
-
|
1005IM
|
15.85
|
16.46
|
0.61
|
5.55
|
3.66
|
|
21.03
|
21.95
|
0.91
|
4.56
|
-
|
Based on the drilling by
Millrock, the mineralized zone appears to thin significantly down dip in an
easterly direction, and probably breaches surface beneath cover in a westerly
direction. There is potential to extend the mineralized zone further
along strike to the south. It is also possible that the sulfide zone
could expand in thickness further down dip, especially if other mineralizing
structures crosscut the favorable carbonate horizon. However, based on
the results to date, it would appear that there is relatively low potential
for discovery of a base metal deposit that would have sufficient grade and
tonnage to warrant mine development. Millrock has elected not to renew
its option on the property and has advised FMM of the same.
This press release has
been prepared by Gregory Beischer, Certified Professional Geologist,
President and CEO of Millrock Resources Inc. Mr. Beischer is a Qualified
Person as defined by NI 43-101. Mr. Beischer approved the information
contained in this release.
About Millrock
Resources Inc.
Millrock Resources Inc.
is a TSX Venture Exchange listed company focused on discovery of high value
mineral deposits. To date, Millrock has acquired four promising
projects in Alaska, and intends on making further key
acquisitions.
ON BEHALF OF THE BOARD
"Gregory Beischer"
Gregory Beischer
President & CEO
Some statements in this
news release contain forward-looking information, including without
limitation statements as to planned expenditures and exploration programs.
These statements address future events and conditions and, as such, involve
known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially different from
any future results, performance or achievements expressed or implied by the
statements. Such factors include without limitation the completion of planned
expenditures, the ability to complete exploration programs on schedule and
the success of exploration programs.
FOR FURTHER INFORMATION
PLEASE CONTACT:
Patrick De Witt, Manager, Investor Relations
(604) 638-3164
Millrock Resources Inc.
750 World Trade Centre
999 Canada Place
Vancouver, BC V6C 3E1
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY
FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
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