Millrock Resources Inc. announces it has purchased a 100% interest in an exploration operations facility in the town of Stewart, British Columbia from J. Calder Resources Inc. and Geofine Exploration Consultants. The facility, which consists of a house / office, a large storage garage, and core cutting facility, is situated on eight real estate lots. The facility sits on a large gravel pad and the lot is securely fenced for safe storage of drill core and equipment. An array of exploration equipment was also included in the purchase.
Millrock President & CEO, Gregory A. Beischer, stated: "This facility will make an excellent base of operations for continued exploration of Millrock's existing projects in the Golden Triangle, and for those we generate in the future."
Under the terms of the agreement of purchase and sale, Millrock will pay a total of CAD$300,000 over two years and issue 50,000 Millrock shares. The payment shares will be subject to a hold period of four months from the date of issuance.
The purchase and sale agreement is subject to approval by the TSX Venture Exchange.