Mining Company Planning Mineral Exploration in Bristol Bay Area
Adam Kane, KDLG – Dillingham
One more Canadian mining company has announced plans to explore for gold, copper and molybdenum in the Bristol Bay area next year.
Vancouver-based Millrock Resources, has staked more than 266 claims covering more than 66 square miles of land located 50 miles northeast of Dillingham.
Millrock named the site Humble Property and says the geological, geochemical and geophysical characteristics there are similar to those believed to exist at the Pebble deposit.
Millrock has planned a limited drilling program for 2011 which will be funded primarily by a subsidiary of Kinross a large multi-national mining corporation. Kinross is currently operating the Fort Knox Mine in Alaska and has other operations in Washington State as well as Chile, Russia, Canada and Brazil.
Millrock Resources currently has 12 active exploration projects including nine gold and copper properties in Alaska and three copper prospects in Arizona.
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