ML Gold Reports Drilling Results at Palmetto - Northwest Zone Expanding
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
June 27, 2017
ML Gold Reports Drilling Results at Palmetto -
Northwest Zone Expanding
ML Gold Corp. (TSX-V: ML G; FSE: XOVN.F) (“ML Gold” or the “Company”) reports
results from an additional 4 ho les of the phase I drill program at its wholly owned Palmetto
Gold Project in Nevada, where a first ever gold resource is being calculated. Drilling by ML
Gold has seen a high success ratio with almost all holes enco untering significant
mineralization, resulting in the extension of known zones well beyond historically identified
limits. Mineralization in the Northwest and Discovery Zones remains open along strike, west
and east, and at depth.
Further drilling in the Northwest Zone stepped out an additional 50 metres from ML Gold’s
previously reported holes and returned a wide mineralized intercept outlining a thick
consistently mineralized horizon which remains open to the east and west. Drill hole PAL-
17R10, the most western hole to date in the Northwest Zone reports 21.3 metres
of 0.93 grams per tonne (“gpt”) gold, including 7.6 metres grading 2.26 gpt. This
gold mineralization is disseminated within the sediments and is likely related to a high grade
feeder/breccia zone.
Additional drilling in the Discovery Zone en ded in high grade gold mineralization with drill
hole PAL-17R13 ending in 6.1 metres of 1.82 gpt at 237 metres (end of hole or “EOH”)
below surface, leaving the zone open to depth. This highlights the depth potential and need
for the phase II drilling program to further test the depth extent of mineralization. Drilling
also confirms consistent gold mineralization surrounding the intense breccia and stock work
zones that form the higher grade core(s) of mineralization. Past metallurgical studies
conducted by previous operators on the Discovery Zone show that the material is amenable
to heap leaching. Further metallurgical studies will be carried out as part of the phase II
drilling program following the completion of the maiden resource estimate and 43-101
technical report on the Palmetto Gold Project.
The table below outlines the results from four additional holes at ML Gold’s Palmetto Gold
Project in Nevada.
Northwest Zone
Hole ID Azimuth Dip From (m) To (m) Interval (m) Gold (g/t) Silver (g/t)
PAL-17R07 10 -60 182.9 196.6 15.2 0.3 8.08
incl. 182.9 185.9 3 0.82 22.13
PAL-17R10 0 -65 111.3 141.7 30.5 0.7 5.21
incl. 111.3 132.6 21.3 0.93 7.06
incl. 120.4 128 7.6 2.26 14.7
175.3 190.5 15.2 0.2 2.59
Discovery Zone
Suite 2000 – 1177 West Hastings St
Vancouver, BC Canada V6E 2K3
T: 604-669-2279 / F: 604-602-1606
Hole ID Azimuth Dip From (m) To (m) Interval (m) Gold (g/t) Silver (g/t)
PAL-17R11 0 -85 100.6 108.2 7.6 0.23 8.03
123.4 137.2 13.8 0.24 4.87
PAL-17R13 0 -90 138.7 143.3 4.6 0.34 1.49
166.1 208.8 42.7 0.3 7.88
incl. 179.8 199.6 19.8 0.45 14.64
incl. 189 192 3 1.26 5.88
222.5 237.7(EOH) 15.2 0.85 2.09
incl. 231.6 237.7(EOH) 6.1 1.82 2.98
Based on the highly successful phase I drillin g program, ML Gold anticipates a phase II
program to expand the existing zones and loca te additional zones. Phase II will focus on
areas north and northwest of the Discovery an d Northwest zones along the Palmetto Gold
Trend. As this trend is primarily under co ver, the Northwest Zone was interpreted and
discovered through structural analysis and detailed structural mapping. Similarly, new zones
have been identified within the trend and warrant drilling in the phase II program.
Adrian Smith, President of ML Gold comments “We are grateful to everyone involved in this
project and their hard work and support wh ich has enabled us to rapidly advance the
project to a resource stage. We look forward to seeing a large initial resource that will
propel ML Gold into the phase II program, ex panding and building the global ounces within
the newly developing Palmetto Gold Trend.”
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.
Quality Assurance/Quality Control
Sample preparation and analyses for this prog ram were completed at ALS Minerals Lab in
R e n o N e v a d a . G o l d w a s d e t e r m i n e d b y 3 0 g F i r e A s s a y w i t h A t o m i c A b s o r p t i o n
Spectrophotometry (AAS) finish . Other elements were determined by Ultra Trace Aqua
Regia digestion with Inductiv ely Coupled Plasma Mass Spec trometry (ICP-MS) finish.
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 assura nce program. The field program was supervised by ML Gold
staff and contractors and the te chnical information in this news release has been prepared
in accordance with Canadian regulatory requir ements 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.
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 listed Company, focused on creating shareholder value through
discoveries and strategic deve lopment 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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