ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) is pleased to report that it has extended the open-ended mineralization at the Tana Zone on it’s Stars Project in central BC, Canada. Vein-hosted and disseminated copper mineralization has been intersected in Holes 11, 12 and 13 (DD18SS011-013) which were drilled as 100 metre step-out holes from the previously reported hole 10. Additional assays from holes 14, 15 and 16 (DDSS18014-016) are currently being processed.
Highlights:
- Hole 13 intersected 0.3% Copper and 0.36% Copper Equivalent over 73 meters
- A broad zone of mineralization within Hole 13 starts from surface includes 182 metres at 0.2% Copper and 0.25% Copper Equivalent (CuEq)
- All three holes intersected copper mineralization associated with a network of porphyry intrusions
- Mineralization at the Tana Zone comes to surface and remains open along strike and to depth
- Follow up holes target extensions of mineralized feldspar porphyry
- Additional assays from further step-out holes are pending
The Stars Property is ideally located 60km southwest of the resource town of Houston, B.C. The project site is low-elevation, gentle topography, and is accessible by all-season main line resource roads making it ideal for low-cost open-pit mine development.
Tana Zone
The Tana Zone is located on the eastern flank of the large 5-kilometre-long magnetic ring anomaly centred within ML Gold’s Stars Property. The zone of copper mineralization occurs within and adjacent to a magnetic low and remains open to depth and along strike.
Copper mineralization has been directly related to feldspar porphyry intrusions with zones of increased potassic alteration typically making up the central portions of the mineralized intervals. Observations of the potassic alteration indicate that the mineralization is “leaking” from a larger source. These observations include high grade potassic breccias cemented with chalcopyrite (copper).
The main rock units present are altered feldspar-phyric porphyry intrusions cutting hornfelsed and silicified Hazelton Group volcanic rocks. The newly discovered porphyry unit has now been observed in six separate drill hole at the Tana Zone. ML Gold Geologists have noted many similarities to the Huckleberry deposit in regards to the lithology and mineralization styles.
Hole 11 (DD18-SS011) – Hole 11 was drilled 100-metres east of the previously reported Hole 10, which intersected 405 metres of copper in a steeply-dipping mineralized zone. Hole 11 intersected similar volcanics with intercalated porphyry intrusions resulting in two separate mineralized intervals (91 metres @ 0.25 CuEq from 75.29 to 166.73 metres; and 106 metres @ 0.22% CuEq from 218.54 to 325.22 metres). Hole 11 successfully identified the eastern extension of the Tana Zone along a km-scale linear magnetic low feature. The Tana Zone remains open in multiple directions.
Hole 12 (DD18-SS012) – Hole 12 cut two separate intervals of copper mineralization (21 metres @ 0.17% CuEq from 47.85 to 69.19 metres; and 40 metres @ 0.19% CuEq from 105.77 to 145.39 metres). Hole 12 intersected pervasive phyllic, Quartz-Sericite-Pyrite “QSP” alteration representing high-level alteration of a porphyry system. Hole 12 was drilled 100 meters southwest of the Hole 10 and was also successful in intersecting mineralized feldspar porphyry intrusives cutting hornfelsed and silicified volcanics.
Hole 13 (DD18-SS013) – Hole 13 cut a large interval of copper mineralization with numerous higher grade sub-intervals (73 metres @ 0.30% CuEq from 54.25 to 127.41 metres; within 183 metres @ 0.25% CuEq from 8.53 to 191.41 metres). Hole 13 intersected abundant disseminated and vein hosted copper mineralization contained within and proximal feldspar porphyry intrusions cutting pervasively silicified and hornfelsed volcanic rocks of the Hazelton Group. Hole 13 was drilled steeply from the same collar location as Hole 12 in the opposite direction to test the mineralization below the extensive QSP alteration observed in Hole 12.
New Tana Zone Drilling – Significant Intercepts
|
Hole ID |
From (m) |
To (m) |
Interval (m) |
Cu (%) |
Mo (%) |
Ag (g/t) |
Au (g/t) |
CuEq (%) |
|
DD18SS013 |
8.53 |
191.41 |
182.88 |
0.20 |
0.0051 |
0.800 |
0.037 |
0.25 |
|
including |
54.25 |
127.41 |
73.16 |
0.30 |
0.0088 |
1.110 |
0.030 |
0.36 |
|
and including |
75.29 |
90.83 |
15.54 |
0.39 |
0.0187 |
1.456 |
0.043 |
0.52 |
|
including |
103.02 |
112.17 |
9.15 |
0.45 |
0.0033 |
1.613 |
0.049 |
0.49 |
|
DD18SS011 |
75.29 |
166.73 |
91.44 |
0.19 |
0.0067 |
0.703 |
0.038 |
0.25 |
|
and |
218.54 |
325.22 |
106.68 |
0.18 |
0.0028 |
0.660 |
0.035 |
0.22 |
|
DD18SS012 |
47.85 |
69.19 |
21.34 |
0.15 |
0.003 |
0.535 |
0.013 |
0.17 |
|
and |
105.77 |
145.39 |
39.62 |
0.16 |
0.0055 |
0.681 |
0.013 |
0.19 |
|
(1) The intervals reported in these tables represent drill intercepts and insufficient data is available at this time to state the true thickness of the mineralized zone |
||||||||
|
(2) CuEq (Copper Equivalent) values are calculated using metal spot prices at market close on August 20th 2018 USD $2.70 / lb Cu, $11.80 / lb Mo, $14.75 / oz Ag, $1195 / oz Au |
||||||||
The Tana Zone remains open along strike and at depth where additional drilling is being planned to test this theory. A larger drill will be needed to fully test the depth potential at the Tana Zone.
|
Table 2 |
Tana Zone Collar Information |
||||||
|
Hole ID |
Assays |
UTM 83E |
UTM 83N |
Elevation |
Azimuth |
Dip |
Length (m) |
|
DD18-SS011 |
Reported |
613998 |
6010782 |
873 |
208° |
-60° |
453.24 |
|
DD18-SS012 |
Reported |
613846 |
6010724 |
847 |
208° |
-60° |
306.93 |
|
DD18-SS013 |
Reported |
613846 |
6010724 |
847 |
28° |
-80° |
401.73 |
Maps
Figure 1: Plan Map of Tana Zone Area Drilling at Stars Project
Additional maps are available on the Stars Project page at www.mlgoldcorp.com
Stars Property
The Stars property is host to multiple zones of copper mineralization with roughly 90% of the property remaining untested under glacial till cover. The property covers a large (~5km diameter) magnetic ring feature interpreted as a hornfelsed volcanic contact surrounding a monzonitic to dioritic intrusion centred within the project area. Later hydrothermal fluids and mineralized porphyry intrusions cut through the large monzo-diorite intrusion and surrounding volcanics. This secondary alteration and emplacement resulted in variable magnetic destruction of the hornfels volcanic rocks and possible increased magnetic susceptibility of intrusive rocks. Several primary geophysical targets remain to be tested on the property.
Quality assurance/quality control procedures:
All drill core was logged, photographed, cut and sampled by ML Gold personnel. Prior to shipment to MS Analytical’s sample preparation facility in Langley, B.C., certified reference material standards and blanks were inserted at a ratio of approximately one in every 10 drill core samples. Base metal assays are determined by IMS-230 4-acid digestion with ICP-AES/MS finish method, which reports results as parts per million (ppm). All analyses that reach the overlimit of IMS-230 are reanalyzed with an ore-grade method. The analytical results are verified with the application of industry-standard quality control and quality assurance procedures. The gold assays are determined by FAS-111 fire assay method which reports results in parts per million (equivalent to grams per tonne). Any samples with a fire assay that report gold concentrations equal to or higher than 10.0 g/t Au are analyzed by metallic screen method (Au-SCR24).
Adrian Smith, P.Geo., is the qualified person for the Company as that term is defined in National Instrument 43-101, and has supervised the technical information presented within this news release.
ABOUT ML GOLD CORP.
ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in Canada and the United States.
For additional information please visit the Company’s website at www.mlgoldcorp.com. You may also email
ML GOLD CORP.
“Adrian Smith”
Adrian Smith
President
NEITHER THE 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.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) is pleased to announce that crews are now back in the field drilling at the Stars project following a temporary break as a result of the abnormal wildfire season in central BC. Drilling is set to continue through October and will target the newly identified porphyry and the related fluid “conduit” responsible for copper mineralization on the Stars project.
New hydrothermal breccias identified in drill core with grades in excess of 0.5% copper, cemented with chalcopyrite, are important indications that there is a significant copper bearing hydrothermal system intimately related to the newly identified porphyry. Specifically, several 10 foot samples grading up to 0.78% Copper are attributed to this early potassic phase which occur within the previously reported Hole 10 interval of 189 meters at 0.33% CuEq. Drilling will continue to test the copper bearing breccias and intrusions, and test the mineralization to greater depths where more consistent higher grades of copper are anticipated.
Newly identified copper breccia in Hole 10 (DD18SS010) and its significance:
- Early hydrothermal breccia event developed during potassic conditions based on absence of pyrite and sericite in the matrix.
- Dynamic system where a copper-bearing hydrothermal fluid has exploded to produce the breccia composed of coeval porphyry and the chalcopyrite cement.
- Predictable zonation with pyrite dominant at the top moving to lower sulphidation state mineralogy (chalcopyrite, chalcopyrite-bornite, bornite) at depth.
- High in the system, leaving significant potential at depth.
- Early in discovery cycle.
Assays from additional completed holes are pending, and will be released as soon as possible.
ML Gold’s Stars project is ideally located 60km southwest of the resource town of Houston, B.C. The project site is low-elevation, gentle topography, and is accessible by all-season main line resource roads making it ideal for low-cost mine development.
Adrian Smith, President of ML Gold comments “We are extremely excited to continue drilling and to follow the newly identified copper system into a potentially economic ore body. Being involved in such an early stage project that is having success in only its first year of exploration is full of exciting milestones; I believe the recent identification of a mineralized porphyry and breccia with grades in excess of 0.5% Copper is one of those milestones.”
ABOUT ML GOLD CORP.
ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in Canada and the United States.
For additional information please visit the Company’s website at www.mlgoldcorp.com. You may also email
ML GOLD CORP.
“Adrian Smith”
Adrian Smith
President
NEITHER THE 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.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) is pleased to announce that its ongoing drilling program at the Stars project has intersected over 400 metres of copper mineralization extending the entire length of Hole 10 (DD18-SS010), ending in mineralization at a final depth of 490m. The mineralization is characterized by variably silicified and potassic altered feldspar porphyry intrusions containing coarse and fine grained disseminations of chalcopyrite, in a steeply-dipping mineralized zone. Ongoing drilling continues to expand the known mineralization along strike and at depth. Additional holes have been completed adjacent to DD18-SS010 on a 100 metre spaced drill grid, with assays pending (see drill plan map, Figure 1).
ML Gold’s Stars project is ideally located 60km southwest of the resource town of Houston, B.C. The project site is low-elevation, gentle topography, and is accessible by all-season main line resource roads making it ideal for low-cost mine development.
Highlights:
- A new mineralized feldspar porphyry intrusion has been intersected for the first time in Hole 10 (see attached cross section, Figure 2).
- Consistent disseminated mineralization is observed in the porphyry intrusion. Mineralization also extends as vein-hosted chalcopyrite into the surrounding host rocks (ex. Hole 4 - 204 m @ 0.5% CuEq, proximal to porphyry intrusion).
- Hole 10 - 405.38 metres of 0.26% CuEq from 29.57 to 434.95 metres
- Including 188.97 metres of 0.33% CuEq from 178.92 to 367.89 metres
- Including 24.38 metres of 0.32% CuEq from 392.28 to 416.66 metres
- Including 79.25 metres of 0.40% CuEq from 203.30 to 282.55 metres
- Including 30.48 metres of 0.50% CuEq from 337.41 to 367.89 metres
- Increased potassic alteration is observed at depth in DD18-SS010 with coarse disseminated chalcopyrite indicating proximity to the mineralized potassic core of the system (see core detail photo, Figure 3).
- Rock units observed are potassic altered feldspar-phyric porphyry intrusion along with hornfelsed and silicified Hazelton Group volcanics.
- These units are synonymous to the nearby Huckleberry deposit, with similar observations of drill core made by ML Gold geologists.
- The zone remains open along strike and to depth.
Comments:
Adrian Smith, President of ML Gold comments “We are very pleased with the extensive interval of mineralization in our drill core. Hole 10 marks the first time on the Stars project that we have seen large mineralized porphyritic intrusions, which is an exciting discovery on its own. With this new discovery of mineralized porphyry rock, we have shown our ability to follow vectors and find a broad zone of disseminated copper, as intersected in Hole 10. Observations by company geologists are consistent with the descriptions of mineralization and alteration at the Huckleberry deposit, which adds to the technical understanding of the system moving forward, and will allow us to rapidly advance the project.
Drilling at Stars is ongoing with the focus to follow the mineralized zone, and continue to verge toward a potentially higher grade ore zone. Additional drilling around Hole 10 has intersected similar porphyritic intrusions and we are excited for the receipt of the upcoming assay results.”
Zone 4 Area Renamed Tana Zone:
Hole 10 identified porphyry-style mineralization within and surrounding the newly identified unit to the south of the Zone 4 area. To accommodate this larger target area, the Company is electing to rename the Zone 4 area the “Tana Zone” which will now encompass the entire area around Hole 4 and the large magnetic low immediately to the south, east, and west.
| Table 1 | DD18-SS010 Significant Intercepts | ||||||||
| Drill Hole: | DD18-SS010 | Zone: | Tana Zone | ||||||
| Azimuth: | 208° | UTM 83E: | 613895 | ||||||
| Dip: | -60° | UTM 83N: | 6010818 | ||||||
| Length (m) : | 489.81 | Projection: | NAD83 | ||||||
| Hole ID | From (m) | To (m) | Interval (m)1 | Cu % | Mo % | Ag (g/t) | Au (ppb) | CuEq %2 | |
| DD18-SS010 | 29.57 | 434.95 | 405.38 | 0.20 | 0.0082 | 0.754 | 24 | 0.26 | |
| incl. | 178.92 | 367.89 | 188.97 | 0.25 | 0.0119 | 0.824 | 35 | 0.33 | |
| incl. | 392.28 | 416.66 | 24.38 | 0.25 | 0.0092 | 1.224 | 24 | 0.32 | |
| incl. | 203.30 | 282.55 | 79.25 | 0.30 | 0.0144 | 0.945 | 43 | 0.40 | |
| incl. | 337.41 | 367.89 | 30.48 | 0.40 | 0.0126 | 1.343 | 46 | 0.50 | |
| (1) The intervals reported in these tables represent drill intercepts and insufficient data is available at this time to state the true thickness of the mineralized zone | |||||||||
| (2) CuEq (Copper Equivalent) values are calculated using metal spot prices at market close on August 20th 2018 | |||||||||
| USD $2.70 / lb Cu, $11.80 / lb Mo, $14.75 / oz Ag, $1195 / oz Au | |||||||||
| Table 2 | Tana Zone Collar Information | ||||||
| Hole ID | Assays | UTM 83E | UTM 83N | Elevation | Azimuth | Dip | Length (m) |
| DD18-SS010 | Received | 613895 | 6010818 | 875 | 208° | -60° | 489.81 |
| DD18-SS011 | Pending | 613998 | 6010782 | 873 | 208° | -60° | 453.24 |
| DD18-SS012 | Pending | 613846 | 6010724 | 847 | 208° | -60° | 306.93 |
| DD18-SS013 | Pending | 613846 | 6010724 | 847 | 28° | -80° | 401.73 |
Hole 10 was collared 50 metres (“m”) east of Hole 4 (DD18-SS004) which intersected 204 metres at 0.5% CuEq. Hole 10 drilled south perpendicular to Hole 4 and appears to have identified the mineralized intrusive, possibly related to the large chalcopyrite veins seen in in Hole 4, 50 meters west (see drill plan map, Figure 1).
Additional maps are available on the Stars Project page at www.mlgoldcorp.com.
Central Target Area:
The Company continues to explore within the 5km magnetic ring feature (“Central Target Area” or “CTA”). New drilling at the Tana Zone has confirmed the presence of a larger scale porphyritic stock greater than 200m in width, proximal to the CTA. Previous drilling in the CTA has intersected smaller mineralized porphyry dykes which cut the larger monzodiorite intrusion. These smaller scale dykes may provide important exploration vectors to find additional mineralized zones. The magnetic signature of the Tana Zone appears to extend westward into the kilometer-scale CTA. Follow up drill holes are currently being planned to test extension along strike into this area, which is covered by thick till overburden.
Adrian Smith, P.Geo., is the qualified person for the Company as that term is defined in National Instrument 43-101, and has supervised the technical information presented within this news release.
Quality assurance/quality control procedures:
All drill core was logged, photographed, cut and sampled by ML Gold personnel. Prior to shipment to MS Analytical’s sample preparation facility in Langley, B.C., certified reference material standards and blanks were inserted at a ratio of approximately one in every 10 drill core samples. Base metal assays are determined by IMS-230 4-acid digestion with ICP-AES/MS finish method, which reports results as parts per million (ppm). All analyses that reach the overlimit of IMS-230 are reanalyzed with an ore-grade method. The analytical results are verified with the application of industry-standard quality control and quality assurance procedures. The gold assays are determined by FAS-111 fire assay method which reports results in parts per million (equivalent to grams per tonne). Any samples with a fire assay that report gold concentrations equal to or higher than 10.0 g/t Au are analyzed by metallic screen method (Au-SCR24).
ABOUT ML GOLD CORP.
ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in Canada and the United States.
For additional information please visit the Company’s website at www.mlgoldcorp.com. You may also email
ML GOLD CORP.
“Adrian Smith”
Adrian Smith
President
NEITHER THE 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.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
Figure 1: Cross-section View A – A’
Figure 2: Plan Map
Figure 3: Potassically altered feldspar porphyry with coarse grained chalcopyrite disseminations – Sampled 12.2m @ 0.48%Cu
ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) is pleased announce that drill crews have been mobilized on site to begin a 4000 metre, 10 hole summer drilling campaign as part of a follow-up Phase 2 drilling program at the Stars copper porphyry project in central BC. This drill program expands on the successful Phase 1 program completed.
Zone 4 Area
Following ML Gold’s recent financing (see news dated July 4, 2018) the Company will continue drilling Hole 8 (DD18SS008) (see news dated May 23, 2018). The Company previously elected to leave the drill set-up on Hole 8 as visible copper mineralization was increasing in concentration with depth (See Figure 1 from current bottom of hole). Hole 8 is collared 50 metres (“m”) west of Hole 4 (DD18SS004) which intersected 204m @ 0.5%CuEq, and lies on the west-side of a 1 kilometre (“km”) by 700m wide high-chargeability feature that is part of an approximately 3km anomalous chargeability corridor open to the north and south. Following the completion of Hole 8, additional drilling will begin at 100m spaced intervals covering the anomalous chargeability area associated with copper mineralization (see Figure 2).
The focus of the Phase 2 drilling will be to further understand the structural controls on the copper mineralization and target the newly recognized high temperature potassic (muscovite) alteration associated with bornite and chalcopyrite veining within the large chargeability feature (see Figure 2).
Additional maps of Zone 4 are available on the Stars Project page at www.mlgoldcorp.com.
Central Target Area
In addition to the Phase 2 drilling at Zone 4, the Company will continue to explore the anomalous magnetic highs within the middle of the 5km magnetic ring feature (“Central Target Area”). Observations from Hole 7 (DD18SS007) confirmed that the mineralizing system is extensive and transitions from copper dominated to molybdenum dominated mineralization at depth. The molybdenum rich zone may represent a molybdenum core to the copper mineralization where additional drilling is required.
Adrian Smith, President of ML Gold comments, “We are excited to begin with the next stage of exploration drilling at the Stars Copper Project. In this next program we will focus on the large chargeability anomaly in area we are now calling “Zone 4”. We know that large areas within the chargeability anomaly are associated with copper porphyry style mineralization and now we have the opportunity to drill there.”
Adrian Smith, P.Geo., is the qualified person for the Company as that term is defined in National Instrument 43-101, and has supervised the technical information presented within this news release.
ABOUT ML GOLD CORP.
ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through discoveries and strategic development of mineral properties in Canada and the United States.
For additional information please visit the Company’s website at www.mlgoldcorp.com. You may also email
ML GOLD CORP.
“Adrian Smith”
Adrian Smith
President
NEITHER THE 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.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, currency risks including the exchange rate of US$ for CDN$, changes in exploration costs and government royalties or taxes in Canada, the United States or other jurisdictions and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.