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ML Gold Corp.
Summary
| Project: | Palmetto | |
|---|---|---|
| Deposit: | Palmetto | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 6/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-6-2017: ML Gold Corp. announces an Exploration/Drilling Update report for its Palmetto deposit at the Palmetto project. Reanalysis results incl. 68.6m @ 0.87g/t Au, 1.32g/t Ag from 184.4m. ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Compa | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Adrian Smith (Internal) | |
| ABSTRACT: | 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. Andrew Bowering, Chairman of ML Gold comments “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 Corvus Gold Inc, 150km southwest along the same Walker Lane mineral belt.” | |
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