Last C$0.43 CAD
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MRO On Other Exchanges
Symbol
Exchange
Venture
OTC US
Munich
As of 11:05 AM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

millrock resources inc (MRO) Snapshot

Open
C$0.43
Previous Close
C$0.43
Day High
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Day Low
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52 Week High
02/6/14 - C$1.30
52 Week Low
10/24/14 - C$0.35
Market Cap
8.3M
Average Volume 10 Days
4.6K
EPS TTM
C$-0.20
Shares Outstanding
19.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for MILLROCK RESOURCES INC (MRO)

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millrock resources inc (MRO) Details

Millrock Resources Inc. is engaged in the acquisition, exploration, and development of mineral properties in Alaska and Arizona. The company explores for gold, silver, copper, zinc, and lead deposits. It has nine exploration projects in Alaska, as well as one each in Arizona and New Mexico; and nine mineral properties located in the State of Sonora, Mexico. The company has strategic alliances with Vale Exploration Canada Inc.; Vale Exploration USA, Inc.; and Altius Resources Inc. Millrock Resources Inc. was founded in 1979 and is headquartered in Vancouver, Canada.

Founded in 1979

millrock resources inc (MRO) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$200.0K
Chief Financial Officer
Total Annual Compensation: C$107.0K
Chief Exploration Officer
Total Annual Compensation: C$180.0K
Executive Vice President
Total Annual Compensation: C$150.0K
Compensation as of Fiscal Year 2013.

millrock resources inc (MRO) Key Developments

Millrock Resources Inc. and First Quantum Minerals Ltd. to Enter into Option to Joint Venture Agreement on the Alaska Peninsula Copper Gold Project, Alaska

Millrock Resources Inc. announced that it has been advised that First Quantum Minerals Ltd. (FQM) will exercise its exclusive right to enter into an Option to Joint Venture Agreement on the Alaska Peninsula Project, located in southwest Alaska. The election follows on from a binding letter agreement in which Millrock granted the exclusive right to FQM in January of 2014. As part of that agreement, FQM agreed to fund an initial exploration program that was to cost approximately $600,000. The program was executed by Millrock with participation by FQM geologists in July and August of 2014. Geochemical sampling, geological mapping, prospecting and airborne magnetic surveys were carried out. The Alaska Peninsula project is comprised of surface lands owned by five different Alaska Native Village Corporations and the Bristol Bay Native Corporation (BBNC). All of the subsurface mineral rights, covering an area of more than 203,000 hectares, are owned by BBNC. Millrock has previously made an Exploration Agreement with Option to Lease through which it can secure a 100% leasehold interest from BBNC. The villages of Chignik Bay and Chignik Lagoon are located roughly central to the land package, which is more than 120 km long and up to 60 km wide, covering an area of interest covering approximately 650,000 ha.

Millrock Resources Inc. Completes Second Phase of an Exploration Program on its Alaska Peninsula Project, Located in Southwest Alaska

Millrock Resources Inc. reported that it has completed the second phase of an exploration program on its Alaska Peninsula Project, located in southwest Alaska. This follows the completion of Phase 1, announced on July 7, 2014. Geological mapping, as well as rock and soil sampling, were carried out. This work compliments the airborne magnetic and radiometric surveys that were executed in the first phase of exploration. Geochemical results are expected soon. From this work targets will be selected and recommended for drilling. Funding for these two phases of exploration has been provided by First Quantum Minerals Ltd. Through an agreement announced on January 27, 2014, First Quantum has the exclusive right, until November 30, 2014, to enter into an Option to Joint Venture Agreement with Millrock under predetermined business terms. The Alaska Peninsula project is comprised of lands owned by five Alaska Native village corporations and the Bristol Bay Native Corporation (BBNC). Millrock has previously made an exploration agreement with option to lease with the BBNC, through which it can secure a 100% leasehold interest. The villages of Chignik Bay and Chignik Lagoon are located roughly central to the land package, which is more than 120 km long and up to 60 km wide, covering an area of approximately 650,000 ha. The agreement includes a tract of land that covers three known porphyry copper-gold occurrences on the Alaska Peninsula. The known porphyry occurrences, named Kawisgag, Mallard Duck Bay and Bee Creek, are located near deep tidewater coastlines.

Millrock Resources Inc. Completes Geophysical Surveys at Alaska Peninsula Project, Alaska

Millrock Resources Inc. reported that it has completed geophysical surveying on its Alaska Peninsula Project, Alaska. The survey saw a total of 1,140 line kilometers of high-resolution airborne magnetic and radiometric data collected over three prospects of interest: Bee Creek, Mallard Duck Bay, and Kawisgag. Precision Geosurveys Inc. was contracted to carry out the helicopter-borne surveys. The completed work was the first of a two-phase summer program, which is being funded by First Quantum Minerals Ltd. The second phase is to consist of a geological mapping and geochemical sampling program and will focus on the geophysically surveyed areas, all of which have known porphyry occurrences. Phase 2 is planned to start in mid July. The Alaska Peninsula project is comprised of lands owned by six Alaska Native village corporations and the Bristol Bay Native Corporation. Millrock has previously made an Exploration Agreement with Option to Lease through which it can secure a 100% leasehold interest. The villages of Chignik Bay and Chignik Lagoon are located roughly central to the land package, which is more than 120 km long and up to 60 km wide and covers an area of approximately 650,000 ha.

 

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