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Monday, October 25, 2010

Kinross (NYSE:KGC) JV Partner Millrock Resources (TSE:MRO) Releases Council Gold Results

Drilling results by Kinross Gold's (NYSE:KGC) joint venture partner Millrock Resources (TSE:MRO) from its Council gold project in Western Alaska have been released by the company.

Millrock's report:

"At Albion, 2,062m of reverse circulation drilling in 17 holes was completed. Two holes, CNL1013 and CNL1014, intersected more than 1 g/t gold mineralization, confirming bedrock mineralization at the site. Hole CNL 1013 returned 4.6 metres at 1.4g/t gold, and hole CNL 1014 intersected 9.1 metres at 1.02 g/t gold."

Millrock said the best results of the 1990 soil samples take was 344 ppb, from the ground between the northwest-striking 900m by 2000m Albion geochemical anomaly.

"The new survey results join the Albion and northern anomaly areas along a previously undefined, northeast trend consisting of anomalous gold and pathfinder elements. The total length of this new trend is 3800m," said Millrock.

Along with eight gold-copper properties in Alaska, Millrock also has three porphyry copper prospects in Arizona.

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