Welcome To The Alix Resources Corp HUB On AGORACOM

Alix Resources has a portfolio of properties located in Alaska, Nunavut Territory, Arizona and Canada. Much of the Company's current focus is on its coal properties in Saskatchewan and Manitoba.

Hub Home

> Log In

Demo Video
Private Messages
Edit My Profile
View/Edit Portfolio

AGORACOM News Flash

AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

Top Sector Stories ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release

AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

Message: NR: Alix's exploration agreement with Millrock has been terminated

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

Moneytospend

Rank: [?]

President

Points: [?]

7146

Rating: [?]

Votes: 103 Score: 3.3

Currently 3.3/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

NR: Alix's exploration agreement with Millrock has been terminated

posted on Dec 02, 09 04:09PM

Millrock Terminates Option on Divide Property, Seward Peninsula, Alaska

VANCOUVER, BRITISH COLUMBIA, Dec 02, 2009 (MARKETWIRE via COMTEX News Network) --

Millrock Resources Inc. (TSX VENTURE: MRO) ("Millrock" or the "Company") announces that it has terminated its exploration agreement with Alix Resources Corp. (TSX VENTURE: AIX) with respect to the Divide Property, near Nome, Alaska.

Previously, the Company could have earned a 50% interest in the Divide project by sharing costs of exploration with Alix. Drilling by the partners in 2007 and 2008 identified zones of high grade gold mineralization in quartz veins, and lower grade, flat-lying structural zones.

Millrock President & CEO Gregory Beischer stated: "While our exploration team made some significant discoveries at Divide, we have concluded that there is limited potential for a multi-million ounce gold deposit. Given the escalating property holding costs the Company has elected to deploy its resources elsewhere."

About Millrock Resources Inc.

Millrock is TSX Venture Exchange listed company intent upon the discovery of high value mineral deposits, with a focus on Alaska gold deposits and Arizona copper-gold porphyries. The Company follows a project generator - joint venture business model that capitalizes on Millrock's knowledge and ability in two outstanding mining jurisdictions. This model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock currently has four active exploration projects in Alaska, and three in Arizona.

ON BEHALF OF THE BOARD

Gregory Beischer, President & CEO

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contacts: Millrock Resources Inc. Gregory Beischer President & CEO 604 638 3164 604 688 9620 (FAX) www.millrockresources.com

SOURCE: Millrock Resources Inc.

http://www.millrockresources.com

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »