Day: March 6, 2018

The first phase of this current campaign will comprise 10-12 diamond core holes for approximately 1,000m and is expected to take about six weeks to complete. It is designed to target along-strike and down-dip extensions of the high-grade mineralisation intersected in the 2017 program. Based upon anticipating further success, a second phase of drilling is currently being planned to complete a 50m x 50m drill pattern over the mineralised body.

“The reprocessing operation will offset holding costs and allow the mill to remain in a fully operational status,” said Pierce Carson, CEO. “Meanwhile we are continuing to focus on securing sources of high-grade gold and silver ore that can be trucked to the mill for processing. We are close to being able to announce the acquisition of an attractive property that will allow us to resume mining operations, build production and increase cash flow.”

Millrock President & CEO Gregory Beischer commented: “Some strong results were obtained in this program from the Anchor Zone. Drilling is tentatively planned to resume in April 2018 to test the large gold-in-soil anomalies of the Crossover and Cobre prospects that lie north and northwest of Anchor respectively.”