To: Goose94 who wrote (2267 ) 12/13/2013 3:03:28 PM From: Goose94 Read Replies (1) | Respond to Millrock Resources (MRO-V) has completed a seismic geophysical survey and drilling of a single reverse circulation borehole at its Monsoon copper project in southeast Arizona. The survey results and the drill hole indicate that it is unlikely that a large porphyry copper deposit exists within 500 metres of surface. The project was the subject of an option agreement with FQM (Akubra) Inc., formerly Inmet Mining Corp., a wholly owned subsidiary of First Quantum Minerals Ltd. (FQML), whereby FQML may have earned a 70-per-cent joint venture interest. FQML has advised Millrock that it will withdraw from the option agreement. Millrock believes there is potential for discovery of a porphyry copper deposit at greater depth and intends to seek a new financing partner to further test the targets developed. Prior to the recent exploration phase Millrock had carried out property-wide biogeochemical sampling, soil sampling, water well sampling, and airborne ZTEM and magnetic surveys. The work was designed to search for buried porphyry copper deposits along the projected trend of the Safford copper deposits in Laramide-aged rocks that host copper mineralization in the district.
