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Additional Information
Market: TSX-V
Sector: General Mining
EPIC: MRO
Latest Price: 0.40  (-9.09% Descending)
52-week High: 0.90
52-week Low: 0.32
Market Cap: 28.01M
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Millrock Resources
www.millrockresources.com

Millrock Resources Inc. is a premier project generator to the mining industry.  In the search for world-class gold and copper deposits in mineral rich Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture, thereby exposing its shareholders to the benefits of mineral discovery without the usual financial risk and attendant shareholder dilution taken on by most exploration companies.  Millrock currently has eleven active exploration projects, eight gold-copper properties in Alaska, and three porphyry copperprospects in Arizona.  With funding primarily coming from its joint venture partners, Millrock plans to carry out exploration programs with a total value of more than US$14 million for 2011.  Business partners of Millrock include some of the leading names in the mining industry:  Kinross, Teck, Vale, Inmet and Altius, as well as junior explorers Ryan Gold, Brixton Metals and Crescent Resources.

Full Millrock Resources profile here
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Millrock Resources appoints Altius co-founder Roland Butler to board

20th Jul 2010, 2:05 pm
Millrock Resources appoints Altius co-founder Roland Butler to board

Millrock Resources (TSX-V:MRO) has appointed Roland Butler to its board of directors. The newly appointed director was a co-founder of Altius Minerals Corporation (TSX:ALS) - Millrock’s strategic partner in Alaska - where he held a number of senior positions including vice president, chief financial officer and chief operating officer.

Millrock noted that Butler participated in a recent placing, and in relation to his appointment he has been granted 200,000 stock options, which exercisable at $0.40 per share for five years.

The company highlighted Butler’s past experience: “[Roland Butler] played an integral part in a successful business model of generating mineral exploration projects and pursuing joint venture and royalty agreements or creating new companies with third parties.”

Altius and Millrock established their strategic alliance just over a year ago to identify and stake prospective mineral properties suitable for earn-in joint venture agreements with third parties.  Millrock has eight exploration projects in Alaska, and three in Arizona. Four of these projects have joint venture partners funding work expenditures. Drilling is planned on four of the projects in 2010.

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