ML Gold Begins Drilling at Stars
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
January 2nd, 2018
ML Gold Begins Drilling at Stars
ML Gold Corp. (TSX-V: MLG) (“ML Gold” or the “Company”) is pleased to announce it
has commenced a winter drilling program on it s recently acquired Stars property (the
“Property” or “Stars”) (see news release dated November 22, 2017).
The Stars property is approximately 40 kilometres south-west of Houston, BC and lies within
a highly prosperous p orphyry belt passing through central BC. Year-round road access and
limited snow accumulations make all -season operations possible. Currently , ML Gold has
mobilized a diamond drill rig to the property and drilling is underway. The crew has set -up
base in Houston BC, a short drive from the property, where local resources are available to
support the drilling program. The program will con sist of 2 ,500 metres of drilling in five to
six drill holes designed to test copper -gold-silver-molybdenum mineralization identified at
and near surface to depth.
The Stars property hosts highly ano malous chargeability over an area of at least 3 by 4
kilometres and is open in multiple directions . Extensive copper mineralization is visible
where the bedrock outcrops through the glacial cover in the low lying areas . Of only 9
historic shallow holes drilled on the property, one ended in 0.56% copper at only 110
metres, and another over one kilometre away returned 142 metres @ 0.25% copper (not
assayed for gold) . Considering the shallow nature of the historic drilling, there is a high
probability that deeper drilling will identify a vertically extensive mineralizing system
responsible for the high level style of mineralization including chalcocite-bornite-chalcopyrite
observed at and near surface.
Adrian Smith, President of ML Gold comments “ We are thrilled by the speed in which our
team was able to bring together the property, permitting, and resources necessary to give
our shareholders exposure to drill what could be a significant new porphyry discovery in BC.
We are excited by the quality and prospectively of the pr oject that we have acquired and
believe that the Stars will play a key role in the resurgence of this prolific mining district in
the highly resource friendly jurisdiction of central BC.”
Qualified Person
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 company listed on the TSX Ventu re Exchange, 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.
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
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
laws, rules and regulations.