Land Package Expanded at Palmetto - Drilling Planned for March
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
January 10, 2017
Land Package Expanded at Palmetto - Drilling Planned for March
ML Gold Corp. (TSX-V: MLG) (“ML Gold” or the “Company”) is pleased to provide an
update on the Palmetto Project, Esmeralda county, Nevada, USA.
During December, c rews conduct ed preliminary rock sampling and geological mapping to
confirm existing gold targets and begin preparation for a drilling program at Palmetto. In
addition, a drilling permi t application was submitted to the Bureau of Land Management
(“BLM”) in anticipation of starting a 13 hole program i n early March, 2017. The initial
program will consist of 3 diamond drill (core) and 10 reverse circulation (RC) drill holes. The
core holes will be used in a maiden resource calculation for the “Discovery” and “Northwest”
zones by providing core samples to measure the physical rock properties and provid e
geological control. The remaining ten RC holes will aim to infill various locations within the
existing discovery zone as well as expand both zones laterally and to depth.
ML Gold has completed digitizing all historic drilling information and other information into
its 3D Micromine model. Snapshots of this model can be viewed on the C ompany’s website
(www.mlgoldcorp.com/index.php/projects/palmetto). This modeling integrated the complete
assay database with the geology and is providing new insight to the geological and
structural controls on mineralization, providing an additional level of confidence to expand
the currently known mineralized areas in the upcoming drilling program.
ML Gold is also please d to report it has filed an additional 66 unpatented lode claims on
adjoining ground at the Pal metto project. These additional claims cover possible extensions
of the Discovery and Northwest zones and add several additional target areas to the project.
Of significance is a past producing mercury mine occurring on the same structural trend as
the Discovery and N orthwest zones. This mercury mine could represent a high level
expression of a significant epithermal system where the mercury zone would be “capping”
or overlying a gold zone.
ML Gold Corp. has an option to acquire a 100% right, title and interest to the Palmetto
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.
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
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