ML GOLD Extends Copper Mineralization IN Open-Ended TANA Zone at Stars Property and Intercepts 0.3% Cu, 0.36% CuEq over 73 Metres
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
November 8th, 2018
ML GOLD EXTENDS COPPER MINERALIZATION IN OPEN-ENDED TANA ZONE AT STARS PROPERTY AND
INTERCEPTS 0.3% CU, 0.36% CUEQ OVER 73 METRES
ML Gold Corp. (TSX -V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) is pleased to report that it
has extended the open-ended mineralization at the Tana Zone on it’s Stars Project in central BC, Canada.
Vein-hosted and disseminated copper mineralization has been intersected in Holes 11, 12 and 13
(DD18SS011-013) which were drilled as 100 metre step-out holes from the previously reported hole 10 .
Additional assays from holes 14, 15 and 16 (DDSS18014-016) are currently being processed.
Highlights:
Hole 13 intersected 0.3% Copper and 0.36% Copper Equivalent over 73 meters
A b road zone of mineralization within Hole 13 starts from surface includes 182 metres at 0.2%
Copper and 0.25% Copper Equivalent (CuEq)
All three holes intersected copper mineralization associated with a network of porphyry intrusions
Mineralization at the Tana Zone comes to surface and remains open along strike and to depth
Follow up holes target extensions of mineralized feldspar porphyry
Additional assays from further step-out holes are pending
The Stars Property is ideally located 60km southwest of the resource town of Houston, B.C. The project
site is low-elevation, gentle topography, and is accessible by all -season main line resource roads making
it ideal for low-cost open-pit mine development.
Tana Zone
The Tana Zone is located on the eastern flank of the large 5-kilometre-long magnetic ring anomaly
centred within ML Gold’s Stars Property. The zone of copper mineralization occurs within and adjacent
to a magnetic low and remains open to depth and along strike.
Copper mineralization has been directly related to feldspar porphyry intrusions with zones of increased
potassic alteration typically making up the central port ions of the mineralized intervals. Observations of
the p otassic alteration indicate that the mineralization is “leaking” from a larger source. These
observations include high grade potassic breccias cemented with chalcopyrite (copper).
The main rock units present are altered feldspar -phyric porphyry intrusion s cutting hornfelsed and
silicified Hazelton Group volcanic rocks . The newly discovered porphyry unit has now been observed in
six separate drill hole at the Tana Zone . ML Gold Geologists have noted many similarities to the
Huckleberry deposit in regards to the lithology and mineralization styles.
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
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Hole 11 (DD18-SS011) – Hole 11 was drilled 100-metres east of the previously reported Hole 10, which
intersected 405 metres of copper in a steeply -dipping mineralized zone. Hole 11 intersected similar
volcanics with intercalated porphyry intrusions resulting in two separate mineralized intervals (91
metres @ 0.25 CuEq from 75.29 to 166.73 metres; and 106 metres @ 0.22% CuEq from 218.54 to 325.22
metres). Hole 11 successfully identified the eastern extension of the Tana Zone along a km -scale linear
magnetic low feature. The Tana Zone remains open in multiple directions.
Hole 12 (DD18-SS012) – Hole 12 cut two separate intervals of copper mineralization (21 metres @ 0.17%
CuEq from 47.85 to 69.19 metres; and 40 metres @ 0.19% CuEq from 105.77 to 145.39 metres). Hole 12
intersected pervasive phyllic, Quartz -Sericite-Pyrite “QSP” alteration represent ing high-level alteration
of a porphyry system. Hole 12 was drilled 100 meters southwest of the Hole 10 and was also successful
in intersecting mineralized feldspar porphyry intrusives cutting hornfelsed and silicified volcanics.
Hole 13 (DD18 -SS013) – Hole 13 cut a large interval of copper mineralization with numerous higher
grade sub-intervals (73 metres @ 0.30% CuEq from 54.25 to 127.41 metres; within 183 metres @ 0.25%
CuEq from 8.53 to 191.41 metres). Hole 13 intersected abundant disseminated and ve in hosted copper
mineralization contained within and proximal feldspar porphyry intrusions cutting pervasively silicified
and hornfelsed volcanic rocks of the Hazelton Group. Hole 13 was drilled steeply from the same collar
location as Hole 12 in the oppos ite direction to test the mineralization below the extensive QSP
alteration observed in Hole 12.
New Tana Zone Drilling – Significant Intercepts
Hole ID From
(m) To (m) Interval
(m) Cu (%) Mo (%) Ag (g/t) Au (g/t) CuEq
(%)
DD18SS013 8.53 191.41 182.88 0.20 0.0051 0.800 0.037 0.25
including 54.25 127.41 73.16 0.30 0.0088 1.110 0.030 0.36
and including 75.29 90.83 15.54 0.39 0.0187 1.456 0.043 0.52
including 103.02 112.17 9.15 0.45 0.0033 1.613 0.049 0.49
DD18SS011 75.29 166.73 91.44 0.19 0.0067 0.703 0.038 0.25
and 218.54 325.22 106.68 0.18 0.0028 0.660 0.035 0.22
DD18SS012 47.85 69.19 21.34 0.15 0.003 0.535 0.013 0.17
and 105.77 145.39 39.62 0.16 0.0055 0.681 0.013 0.19
(1) The intervals reported in these tables represent drill intercepts and insufficient data is available at this time to state the true
thickness of the mineralized zone
(2) CuEq (Copper Equivalent) values are calculated using metal spot prices at market close on August 20th 2018 USD $2.70 / lb
Cu, $11.80 / lb Mo, $14.75 / oz Ag, $1195 / oz Au
The Tana Zone remains open along strike and at depth where additional drilling is being planned to test
this theory. A larger drill will be needed to fully test the depth potential at the Tana Zone.
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
Table 2 Tana Zone Collar Information
Hole ID Assays UTM 83E UTM 83N Elevation Azimuth Dip Length (m)
DD18-SS011 Reported 613998 6010782 873 208° -60° 453.24
DD18-SS012 Reported 613846 6010724 847 208° -60° 306.93
DD18-SS013 Reported 613846 6010724 847 28° -80° 401.73
Maps
Figure 1: Plan Map of Tana Zone Area Drilling at Stars Project
Additional maps are available on the Stars Project page at www.mlgoldcorp.com
Stars Property
The Stars property is host to multiple zones of copper mineralization with roughly 90% of the property
remaining untested under glacial till cover. The property covers a large (~5km diameter) magnetic ring
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
feature interpreted as a hornfelsed volcanic contact surrounding a mo nzonitic to dioritic intrusion
centred within the project area. Later hydrothermal fluids and mineralized porphyry intrusions cut
through the large monzo-diorite intrusion and surrounding volcanics . This secondary alteration and
emplacement resulted in variable ma gnetic destruction of the hornfels volcanic rocks and possible
increased magnetic susceptibility of intrusive rocks . Several primary geophysical targets remain to be
tested on the property.
Quality assurance/quality control procedures:
All drill core was logged, photographed, cut and sampled by ML Gold personnel. Prior to shipment to MS
Analytical’s sample preparation facility in Langley, B.C., certified reference material standards and blanks
were inserted at a ratio of approximately one in every 10 drill core samples. Base metal assays are
determined by IMS-230 4-acid digestion with ICP -AES/MS finish method, which reports results as parts
per million (ppm). All analyses that reach the overlimit of IMS -230 are reanalyzed with an ore -grade
method. The analytical results are verified with the application of industry -standard quality control and
quality assurance procedures. The gold assays are determined by FAS -111 fire assay method which
reports results in parts per million (equivalent to grams per tonn e). Any samples with a fire assay that
report gold concentrations equal to or higher than 10.0 g/t Au are analyzed by metallic screen method
(Au-SCR24).
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 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
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Suite 2000 – 1177 West Hastings St
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prices of commodi ties, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government
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