ML Gold Receives Drilling Permits and Cuts Open Ended Visible Copper in Hole 8 at Stars Property
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
May 23rd, 2018
ML Gold Receives Drilling Permits and Cuts Open Ended Visible Copper in Hole 8 at Stars Property
ML Gold Corp. (TSX -V: MLG) (“ML Gold” or the “Company”) announces it has received permits to
conduct step-out drilling at the Stars Project in Central BC. The fully permitted drilling will continue to
test the newly identified copper-molybdenum-gold-silver porphyry system under -cover at the Stars
Property. Drilling will be dual purposed, focusing on expanding the high grade copper mineralization
identified within the recently announce d DD18SS004 (“H ole 4 ”) area ( or “Zone 4” ), and separately
testing multiple targets within the wide Central Target area.
The Company is also pleased to announce it has expanded the area of visible copper mineralization in
DD18SS008 (“Hole 8”) which is a 50 metre step-out to the west of Hole 4. Hole 8 has encountered visible
copper veining with increasing intensity down hole and is cu rrently stopped in visible coppe r
mineralization at 2 94.7 metres. The c opper mineralization observed occurs as chalcopyrite only , and
chalcopyrite-quartz veins with minor pyrite and quartz-sericite to potassic alteration halos . The
Company has left the drill set up on Hole 8 while it goes on a short break and plans to continue drilling
deeper in Hole 8 until it has passed through the zone of visible copper mineralization.
ML Gold’s understanding of the Stars Property geology is rapidly evolving. ML Gold geologists have now
recognized coarse mica (muscovite) alteration, occurring with chalcopyrite-bornite veining in a rare
outcrop 150m east of Hole 4 , to be part of a high temperature potassic alteration phase. This alteration
has also been recognized as part of the potassic alteration footprint within the ore zones of the Highland
Valley Copper deposit s in south central BC (o perated by Tec k Resources Ltd. ). This new recognition not
only validates the potential at the Stars Project, but indicates that there may be multiple porphyry
centers present on the Stars Property. ML Gold will prioritize additional step-out drilling to the east,
northeast, and southeast of Hole 4 as part of the 2018 drilling program.
Adrian Smith, President of ML Go ld comments “All indications are that the copper porphyry system at
the Stars Property is at or near surface, where the most prospective zones could be within the first 300 –
400 met res from surface. This is truly an ideal sit uation for low cost development, recognizing that
discovering a large copper resource, close to surface , in a stable jurisdiction is practically unheard of in
the past decade. We are extreme ly excited to continue drilling and expand on this copper endowed
porphyry system that has been hiding just under the surface.”
The Company is in the process of logging, sampling, and shipping the Stars core samples to MS Analytical
in Langley, BC for assaying. Results will be made available as soon as possible.
The Stars project is ideall y located in central British Columbia in the heart of the province’s prolific
porphyry belt. Drilling to date by ML Gold has identified a previously unrecognized porphyry system
under glacial cover, the full extent of which is still unknown. Based on the extremely positive results
encountered by the company on the Stars Project to date, ML Gold will continue to focus its exploration
efforts at the Stars Property while evaluating o pportunities with its new Palmetto g old resource in
Nevada and its 7 Billion tonne Block-103 Iron deposit in Newfoundland and Labrador, Canada.
ABOUT ML GOLD CORP.
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
ML Gold Corp . is a Canadian company listed on the TSX Venture Exchange, focused on creating
shareholder value through discoveries and strategic development of mineral pr operties 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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