Drills Being Mobilized to Palmetto Gold Project
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
March 14, 2017
Drills Being Mobilized to Palmetto Gold Project
ML Gold Corp. (TSX-V: ML G; FSE: XOVN.F) (“ML Gold” or the “Company”) reports
that it has contracted Boart Longyear to co nduct the reverse circulation (“RC”) and core
drilling program at the Palmetto Gold Project in Esmeralda County, Nevada. Drilling is
expected to begin within the ne xt few days. ML Gold is fully financed to complete the 2017
drilling program which will include the preparation of a NI 43-101 compliant technical report
and first ever resource estimate for the Palmetto Project.
Over the past few weeks ML Gold geologists ha ve been preparing drill sites and conducting
field work including rock sampling at Palmetto to aid in exploration and expansionary drill
targeting for the current drilling program. Select results from a limited rock sampling
program taken from the eastern extension of the Discovery Zone, on the southern margin of
a rhyolite dome, produced samples of 3.7 and 2.1 grams per tonne gold.
These samples came from composites of quartz vein grab samples (over one kilogram) from
outcrop and sub-crop on the fl ank of the dome. These and ot her elevated samples suggest
that the mineralization continues further east fr om the discovery zone, and is not restricted
to the fault zone known to host the high gr ade mineralization. This further confirms the
robust epithermal gold system has a wide spread mineralized envelope, is likely much larger
than previously thought, and extends into multiple host rock lithologies leaving potential for
additional discoveries on the property.
Andrew Bowering, Chairman of ML Gold comme nts “ML Gold is excite d to see the drills
a r r i v e o n s i t e i n N e v a d a a n d t a k e a n o t h e r step towards increasing shareholder value by
generating the first ever resource on the Palmetto property. This NI 43-101 compliant
estimate will allow the market to realize what we already know are real gold ounces in the
ground at Palmetto.”
The Company also reports the granting of 2,000,000 stock options (the “Options”) to certain
officers, directors, consultants and employees of the Comp any. The Options have a term of
5 years and are exercisable at a price of $0.22 per common share. The Options are subject
to the acceptance of the TSX Venture Exchange.
ML Gold project videos, such as the Palme tto, can be viewed on the Company’s website
under the Projects tab at the following the link:
(www.mlgoldcorp.com/index.php/projects/palmetto)
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.
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
ML Gold Corp. is a Canadian listed Company, focused on creating shareholder value through
discoveries and strategic deve lopment 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.
“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 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
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