Exploration Agreement with Kinross

 

VANCOUVER, BC - Millrock Resources Inc. reported that it will enter an exploration agreement with Kinross Gold Corporation. The agreement pertains to a 900+ square kilometre Area of Interest that includes Millrock’s Albion and Council properties, and other mining claims. The area is on the Seward Peninsula in western Alaska, approximately100 kilometres by road to the east of Nome, in the Council Mining District.

Millrock President & CEO Gregory Beischer stated: "Millrock is pleased to expand its business relationship with Kinross. Excellent gold targets exist on the properties and we look forward to an initial drilling program in 2010."

Millrock has an agreement on the Council land block with the Bering Straits Native Corporation. The Company can earn a 100% leasehold interest in the property. The agreement is entering its third year. The Albion property is the subject of a separate option agreement announced concurrently by Millrock today. The Company can purchase a 100% interest in the claims. Surrounding lands have been staked by Millrock to form a large, comprehensive land package covering the upland lode source areas from which the prolific gold placers of the Council Mining District must have been derived.