The company is a premier project generator to the mining industry. Millrock currently has twelve active exploration projects, eight gold-copper properties in Alaska, and four porphyry copper prospects in Arizona.
In June, Millrock inked an options deal with Vale Exploration in a bid to find large-scale copper-gold porphyry deposits at the AUDN project in Alaska.
These porphyry deposits in target zones were identified by Millrock. This is just the first "designated project" under their partnership, the companies' said in a statement.
"Millrock remains a solid, long-term play on rising gold and commodities prices," Lundin wrote in the latest newsletter.
Overall, Millrock expects to see $11 million spent on the exploration of its projects in 2012, and its joint venture partners will
cover 90 per cent of that total. That budget will encompass drilling campaigns on six different Millrock-controlled projects, and earlier-stage exploration work on several others. This latter effort will attempt to outline drill-worthy targets for 2013 drilling programs.
"This prospect generator consistently attracts quality JV partners like Inmet and Vale, and that fact alone speaks volumes about this junior's ability to find and fund projects of merit in its core exploration areas," Lundin wrote.
The full article can be found at: http://www.millrockresources.com/images/uploads/gNL0712_millrock.pdf