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ML Gold Corp.
Summary
| Project: | Stars | |
|---|---|---|
| Deposit: | Central | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 2/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2018: ML Gold Corp. announces an Exploration/Drilling Update report for its Central deposit at the Stars project. Drilling results incl. 204.22m @ 0.45% Cu, 0.045g/t Au, 1.64g/t Ag, 0.0048% Mo from 23.47m. ML Gold Corp. (TSX-V: MLG) (“ML Gold” or the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Adrian Smith (Internal) | |
| ABSTRACT: | ML Gold Corp. (TSX-V: MLG) (“ML Gold” or the “Company”) is pleased to announce a new discovery on its Stars project where hole 4 (DD18SS004) has intersected 0.45% Copper (0.50% CuEq) over 204 metres (m) including 1.02% CuEq (0.93% Cu) over 40.2m from surface. New drill sites are currently being planned to expand from hole 4 and test the newly identified “central” target area (as indicated on the attached survey map, Figure 1). The Stars project is ideally located in central British Columbia in the heart of the province’s prolific porphyry belt. ML Gold recently engaged Dr. Paul Johnson, an independent consultant and expert on porphyry deposits worldwide, to conduct a review of the drill core at ML Golds Stars project. Dr. Johnston was able to identify several key factors including the sulfide mineral assemblages which are used to infer the sulfidation state of the mineralizing fluids responsible for depositing the copper observed in the drill holes. He comments “the sulfide minerals show a systematic variation between drill holes and define a trend from higher to lower sulfidation state, which can be equated to increasing temperature with declining sulfidation state”. Thus a better-mineralized target is proposed where mineral assemblages point to higher temperature parts of the system (a common relationship exhibited by porphyry deposits worldwide) and suggests that the highest temperature and better-mineralized copper zone has yet to be drilled. | |
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