ML Gold Expands Mineralization With New Zone at Palmetto Gold Project
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
June 1, 2017
ML Gold Expands Mineralization With New Zone at Palmetto Gold Project
ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) reports it
has completed 15 holes in its phase I drill program at the Palmetto Gold Project in Nevada.
The primary purpose of the program is to confirm and expand the extensive drilling
database currently being modelled, together with the new drilling, to calculate a maiden
gold resource at Palmetto.
ML Gold also reports that the internal review and QA/QC procedures in place at the Palmetto
Gold Project identified errors in a batch of samples that were previously reported by the
assay lab to the Company. This triggered re -analysis of hole PAL -17R01 and backlogged
additional samples.
As a result of the reanalysis , a new zone over 21.3 metres (m) at 1.25 grams per
tonne (g/t) gold has been identified. This new zone occurs beneath the previously
reported interval of 27.4 m at 1.1 g/t and effectively expands the total mineralized interval
to 68.6 m at 0.87 g/t (see table below). Hole PAL-1701 was successful in showing that the
Discovery zone is still open to depth by intersecting 68.6m of 0.87 g/t gold.
Hole ID Azimuth Dip From (m) To (m) Interval
(m) Gold (g/t) Silver (g/t)
Discovery Zone (Depth extension)
PAL-17R01 0 -85 184.4 253.0 68.6 0.87 1.32
incl. 184.4 185.9 1.5 1.45 0.90
incl. 195.1 222.5 27.4 1.10 1.63
incl. 211.8 219.5 7.6 3.56 3.07
incl. 231.6 253.0 21.3 1.25 1.43
incl. 240.8 243.8 3.1 8.26 6.58
Andrew Bow ering, Chairman of ML Gold c omments “Observations from the initial drilling
suggest there is a large new area of gold and silver mineralization trending northwest
toward an old mercury mine on the property , indicating that more zones could be on this
new trend. With the potential for several zones on the property , Palmetto is starting to look
very similar to the North Bullfrog deposits currently being operated by Corvu s Gold Inc,
150km southwest along the same Walker Lane mineral belt.”
Quality Assurance/Quality Control
Sample preparation and analyses for this program were completed at ALS Minerals Lab in
Reno Nevada . Gold was determined by 30g Fire Assay with Atomic Absorption
Spectrophotometry (AAS) finish. O ther elements were determined by Ultra Trace Aqua
Regia digestion with Inductively Coupled Plasma Mass Spectrometry (ICP -MS) finish.
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
A comprehensive quality assurance/quality control program including duplicate samples,
blanks and standards form part of ML Gold’s sampling protocol in addition to the
laboratory's own quality assurance program. The field program was supervised by ML Gold
staff and contractors and the technical information in this news release has been prepared
in accordance with Canadian regulatory requirements as set out in National Instrument 43 -
101, and reviewed by Adrian Smith, Director, and a Qualified Person as that term is defined
in NI 43-101.
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.
“Andrew Bowering”
Andrew Bowering
Chairman
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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 commodi ties, 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 incl uding 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
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