This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

(Graphic: Business Wire)

Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Millrock Resources, Inc.

Millrock Resources Inc. (TXV:MRO) or “the Company acts as a project generator to the mining industry. In the search for gold and copper deposits in Alaska and Arizona, Millrock identifies, packages and operates large-scale projects for joint venture. In this way, the company seeks to expose its shareholders to the benefits of mineral discovery with greatly reduced financial risk and attendant shareholder dilution. As of early December 2010, Millrock had 12 active exploration projects, including nine gold-copper properties in Alaska and three porphyry copper prospects in Arizona.

The company's business model shares risk by partnering with other companies that invest capital to move exploration projects toward development and production. Millrock has established a property portfolio prospective for the discovery of large-scale intrusive- related gold and copper-gold porphyry deposits. Companies currently investing in Millrock projects in include major mining companies Teck Resources Limited, Kinross Gold Corporation, Inmet Mining Corporation and Vale Exploration Canada. Millrock owns and operates several mineral exploration projects in Alaska in three distinct regions: the Seward Peninsula of western Alaska (Bluff and Council projects); the Kahiltna Terrane of south-central Alaska (Estelle, Revelation and Cristo); and the Tintina Gold Belt of eastern Alaska (Uncle Sam, Fortymile and Moosehorn). In Arizona the Company is actively exploring three projects in the copper camps in the southeastern part of the state (Galiuro, San Jose and Dry Mountain).

In late November 2010, Millrock announced that it had staked a block of 266 claims (17,223 hectares) in the Togiak Terrane of southwest Alaska. The staked claims (the Humble claim group) are located on state land approximately 80 kilometers northeast of Dillingham, Alaska, covering multiple geophysical targets with coincident surface geochemical anomalies. There are geological similarities to the giant Pebble copper-gold deposit which is situated 130 km to the northeast.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs