ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) is pleased to announce that it has initiated the maiden resource estimation on the Company’s Palmetto Gold Project in Nevada. The Company engaged the engineering firm WSP Canada Inc. (WSP) to complete the resource estimation and a NI 43-101 Technical Report.
WSP has a comprehensive and skilled team that can determine the sustainability of investment opportunities and related assets for the Mining and Resource Industry. The firm employs a well-rounded and experienced multidisciplinary team of professionals who can determine the engineering, geology, mining, infrastructure, transportation, financial, and operational sustainability of the targeted asset.
WSP has been providing engineering services to the mining industry for over 20 years, in challenging environmental, temporal, and political conditions. Globally, the firm brings together 35,500 staff, based in more than 500 offices, across 40 countries. They provide engineering and multidisciplinary services in a vast array of industry sectors, including 700 employees in the Mining sector.
ML Gold Corp. has an option to acquire a 100% right, title and interest to the Palmetto Gold Project (see news release dated October 18, 2016). The Palmetto Project is located in Esmeralda County, Nevada, within the southern portion of the Walker Lane Gold Trend.
ML Gold also reports commencement of the 2017 exploration program at its Pinnacle Reef copper and gold property in central British Columbia. The program will consist of up to 2,500 metres of drilling, targeting the core of a 6 by 7 kilometre highly anomalous chargeability area recently identified on the property.
Adrian Smith, P.Geo., is the qualified person for the Company as that term is defined in the 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.
ML GOLD CORP.
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.