22:10:37 EST Fri 22 Feb 2019
Enter Symbol
or Name

ML Gold Corp
Symbol C : MLG
Shares Issued 107,222,763
Close 2018-07-11 C$ 0.10
Recent Sedar Documents

ML Gold begins phase 2 drilling at Stars

2018-07-12 10:13 ET - News Release

Mr. Adrian Smith reports


ML Gold Corp. has mobilized drill crews on site to begin a 4,000-metre, 10-hole summer drilling campaign as part of a follow-up phase 2 drilling program at the Stars copper porphyry project in central British Columbia. This drill program expands on the successful phase 1 program completed.

Zone 4 area

Following ML Gold's recent financing (see the news release dated July 4, 2018), the company will continue drilling hole 8 (DD18SS008) (see the news release 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. Hole 8 is collared 50 metres west of hole 4 (DD18SS004), which intersected 204 metres at 0.5 per cent CuEq (copper equivalent), and lies on the west side of a one-kilometre-by-700-metre-wide high-chargeability feature that is part of an approximately three-kilometre anomalous chargeability corridor open to the north and south. Following the completion of hole 8, additional drilling will begin at 100-metre-spaced intervals covering the anomalous chargeability area associated with copper mineralization.

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.

Maps of zone 4 are available on the Stars project page at the company's website.

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 five-kilometre 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, PGeo, 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 [an] 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."

Mr. Smith 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 is a Canadian-listed company, focused on creating shareholder value through discoveries and strategic development of mineral properties in Canada and the United States.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.