Drilling Permit Approved For Palmetto Gold Project - WSP Canada Inc. Retained For Resource Estimate and Technical Report
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
February 22, 2017
Drilling Permit Approved For Palmetto Gold Project - WSP Canada Inc.
Retained For Resource Estimate and Technical Report
ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) reports
that it has rec eived a positive decision on its application for drilling from 13 different
locations at the Palmetto Gold Project in Esmeralda County, Nevada. The drilling permit will
be finalized once the reclamation bond has been posted at the Bureau of Land Management
(BLM) in Reno, NV. ML Gold anticipates beginning this drilling program in early March. The
program is aimed to confirm and expand existing mineralized zones at the Palmetto Project,
and will allow the Company to produce a first ever resource estimate on the property.
The Company also announces that it has retained WSP Canada Inc. (WSP) to complete the
maiden resource estimate and technical report on the Palmetto Project. As a Canadian
multinational, WSP is one of the world’s leading engineering consulting firms. WSP has a
comprehensive and skilled team that can determine the sustainability of investment
opportunities and related assets for the Mining and Resource Industry. Their experienced
multidisciplinary team of professionals 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.
Andrew Bowering, Chairman of ML Gold comments “In today’s fast moving markets ML Gold
is moving quickly, implementing a thorough QA /QC and geotechnical program in tandem
with drilling enabling a smooth transition into a resource estimate. We are excited about the
upcoming drilling program and remain focused on building real ounces in one of the world’s
top mining districts.”
ML Gold has worked with a v isual graphics team to produce an overview video for the
Palmetto Project. This video can be viewed on the Company’s website under the Projects tab
for the Palmetto Project or by following the link
(www.mlgoldcorp.com/index.php/projects/palmetto) and clicking on the video.
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 [email protected] or call investor relations at (604) 669-2279.
ML GOLD CORP.
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
“Andrew Bowering”
Andrew Bowering
Chairman
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 c ontain 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 miner al or resource exploration
activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party informati on, 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 so cial risks,
contingencies and uncertainties. Many fact ors, 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.