Millrock Resources (TSX-V: MRO, OTCQX: MLRKF) has eight gold and copper projects in Alaska, and four porphyry copper projects in Arizona, with $15 million in exploration expenditures committed in the current calendar year. 

The exploration agreement with Kinross covers a 900 square kilometre area of interest. Kinross can earn a 55% joint venture interest in Millrock's Council properties

Millrock is gearing up for a busy 2010 with a new option deal in Alaska and an exploration deal that may give Kinross Gold a 55 percent stake in certain company projects.

Through strict fiscal restraint and creative financing under favorable terms from Kinross Gold Corporation (TSX: K) and Altius Resources (TSX: ALS), Millrock remains well financed and is shifting gears with its exploration activities.

It has been a reasonably good run for gold companies as gold continued to inch up in response to the US dollar weakness. Gold companies have taken numerous steps to expand their resource estimates. However, only those with sound investment cases have been successful in securing finances to fund their expansion endeavours.

The Karakul Cobalt Deposit, Global Cobalt’s flagship, is located in the Republic of Altai, part of the Russian Federation, sandwiched between China to the south and the edge of Siberia to the north. It is an area that Global Cobalt president and CEO Erin Chutter deems “a fascinating geological corner of the world."

Canadian shares stretched gains for a second day on Tuesday, after stronger economic data from the U.S. bolstered energy producers, and as investors await news from a two-day U.S. Federal Reserve meeting. Tim Hortons' jump paced gains.

Avrupa Minerals (CVE:AVU) says it has agreed to option out its Arga tungsten-gold project to tungsten explorer Blackheath Resources (CVE:BHR), giving Blackheath the option to acquire up to an 85 per cent interest in the property over several years. 

Shares of Largo Resources (CVE:LGO) were on the rise Thursday after the company said that construction was still progressing on plan at its Maracás vanadium project in Brazil, with the property on schedule and within budget to start commissioning at the end of the fourth quarter. 

Selwyn Resources (CVE:SWN) has unveiled an updated and improved preliminary economics report for its ScoZinc mine in Nova Scotia, which it is focused on restarting after earlier this month completing the sale of its second project in the Yukon.