Millrock Resources Inc. (MRO.V) reported that a single drill
hole has been completed at its Dry Mountain project in Arizona. The
project is a joint venture between Millrock and First Quantum
Minerals Ltd. (FM.TO) following First Quantum's recent acquisition
of Inmet Mining Corporation.
The hole was completed to a depth of 1,165.9 m to test for a
porphyry copper deposit buried beneath Quaternary alluvium and
Tertiary cover rocks. The favourable Laramide rocks were
intersected at approximately 900 m below surface. No copper
mineralization was intersected and no evidence of hydrothermal
alteration of significance was observed.
The recently completed drill hole pierced the rocks below the
anomaly but did not explain it. Therefore, Millrock interprets that
the geochemical anomaly is derived from a remote bedrock source.
Millrock and First Quantum will evaluate the results in context of
the prior exploration work accomplished and determine the next step