A Renewed Spirit of Optimism A Changing Tide at Roundup 2017


We here at Millrock just wanted to touch base as we wrap up a very busy January. We participated in the Metals Investor Forum, the Cambridge House Vancouver Resources Investment Conference and the Association for Mineral Exploration (AME) BC Roundup 2017 Conference, all in Vancouver, Canada.

With a number of active projects in the Golden Triangle district, British Columbia, it was exciting to see a spirit of optimism, not only for mining in British Columbia but for the sector in general. For the first time in years the conferences were vibrant, investors were flush, and the true mining and exploration spirit felt alive.  It seems like better days in the mining sector are coming.

AME President and CEO Gavin C. Dirom said “we are excited to see a much brighter outlook in 2017 for the globally active mineral exploration and development industry based in British Columbia. Despite the protracted down cycle, the creative solutions, innovative ideas and increased investor interest coming out of this year’s Roundup conference bring a renewed sense of confidence and optimism to the industry, both locally and on a global scale.”

There was a number of notable points from the conference including:

  • Premier Christy Clark’s announcement that the B.C. government will provide Geoscience BC with $10 million in funding over two years to further support the organization’s research work that boosts mineral, coal, and oil and gas exploration investment in the province.
  • Geoscience BC’s release of results from its Search Phase II Project – the largest geophysical survey conducted in Canada in 2016. These results indicate the potential for new copper, silver, and molybdenum deposits in the west-central region of British Columbia and will provide mineral explorers with important data to focus their exploration efforts, stimulating job growth in the region.
  • Presentations from notable government, industry, and First Nations speakers including David Garofalo, President and CEO, Goldcorp Inc.; Don Lindsay, President and CEO, Teck Resources Limited; Terry MacGibbon, Executive Chairman, TMAC Resources Inc.; Grand Chief Ed John, First Nations Summit, the Hon. Bill Bennett, B.C. Minister of Energy and Mines and Responsible for Core Review; and Chief Ervin Charleyboy, Alexis Creek First Nation (Tŝideldel).
  • An examination of reconciliation, its importance to Indigenous people, and the role of the mineral exploration sector in achieving reconciliation in Canada by Chief Dr. Robert Joseph, Ambassador for Reconciliation Canada.
  • An overview of exciting mineral exploration and investment opportunities in B.C. at the Invest B.C. Networking lunch, including an industry panel about the Golden Triangle moderated by Gwen Preston, who is well known as the Resource Maven.

As a project generator with a keen eye for early stage exploration, the renewed sense of optimism and the advancements of mining in the jurisdiction bode well. Millrock is looking forward to a very active year of mineral exploration and we are hopeful of making that transformative grass-roots discovery in what now appears to be a very receptive market.

Take care and enjoy the week as we continue to see the mining industry spring back to life.

Best regards,

Gregory A. Beischer
Millrock Resources Inc.
President and CEO

For all inquiries, please contact:
Melanee Henderson, Investor Relations
Millrock Resources Inc.
TF: 877-217-8978
Tel: 604-638-3164

Some statements in this message contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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