Metals explorer Millrock Resources (CVE:MRO) announced Tuesday it has begun a second phase of drilling at its San Jose project in southeastern Arizona.
Three holes will be drilled in the northern region of the San Jose claim, testing three coincident magnetic high STEM conductor anomalies, which were discovered during a recent airborne survey over the property.
Based on the results of this survey, Millrock staked an additional 289 claims.
The three holes have been pre-collared using a reverse circulation drill rig and will be completed with a core rig. Depths may reach up to 1,700 metres in each hole.
The project, which is positioned at the intersection of the Safford and Morenci porphyry trends, is part of an earn-in option agreement between Millrock and Inmet Mining (TSE:IMN). On the San Jose property, Millrock is acting as operator, while Inmet is funding the drilling program.
Inmet may earn up to a 70% interest in the San Jose and Dry Mountain claim blocks by making $4.0 million in exploration expenditures and option payments of $300,000.
Millrock shares on the TSX-Venture slipped 5.45% to 52 cents as of 1:28 pm EDT.
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