ML Gold Begins Phase 2 Drilling Program at Stars Copper Project
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
July 12, 2018
ML Gold Begins Phase 2 Drilling Program at Stars Copper Project
ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) is pleased
announce that drill crews have been mobilized on site to begin a 4000 metre, 10 hole
summer drilling campaign as part of a follow -up P hase 2 dri lling program at the Stars
copper porphyry project in central BC. This drill program expands on the successful Phase 1
program completed.
Zone 4 Area
Following ML Gold’s recent financing (see news dated July 4, 2018) the Company will
continue drilling Hole 8 (DD18SS008) (see n ews dated May 23, 2018). The Company
previously elected to leave the drill set -up on Hole 8 as visible copper min eralization was
increasing in concentration with depth (See Figure 1 from current bottom of hole). Hole 8 is
collared 50 metres (“m”) west of Hole 4 (DD18SS004) which intersected 204m @
0.5%CuEq, and lies on the west -side of a 1 kilometre (“km”) by 700m wide high -
chargeability feature that is part of an approximately 3km anomalous chargeability corridor
open to the north and south. Following the completion of Hole 8, additional drilling will begin
at 100m spaced intervals covering the anomalous chargeability area associated with copper
mineralization (see Figure 2).
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 (see Figure 2).
Additional maps of Zone 4 are available on the Stars Project page at www.mlgoldcorp.com.
Central Target Area
In addition to the Phase 2 drilling at Zone 4, t he Company will continue to explore the
anomalous magnetic highs within the middle of the 5km magnetic ring f eature (“Central
Target Area”) . Observations from Hole 7 (DD18SS007) confirmed that the minerali zing
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, 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 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.”
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.
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
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.
“Adrian Smith”
Adrian Smith
President
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 sta tements 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 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 estimate s 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 ex pressed 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 eve nts affections such statements and information other than as required by applicable
laws, rules and regulations.
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
Figure 1: Chalcopyrite (copper) veining in structurally complex zone, c urrent bottom of Hole 8
indicating mineralization is open to depth, drilling set to continue deeper.
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
Figure 2: Drill Plan Map “Zone 4” Area