For thousands of other reports visit RSC's Mineral Intellingence Map
ML Gold Corp.
Summary
| Project: | Palmetto | |
|---|---|---|
| Deposit: | Palmetto | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 10/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-10-2017: ML Gold Corp. announces a Resource Estimation report for its Palmetto deposit at the Palmetto project. Initial Resource estimate for Palmetto. Vancouver, British Columbia--(Newsfile Corp. - October 2, 2017) - ML Gold Corp. (TSXV: MLG) (FSE: X0 | |
| Resources: | (Resource, Inf.): 321665oz Au, 2408030oz Ag contained at project | |
| CP/QP: | [Resources]: Todd McCrcken (WSP Canada Inc.) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - October 2, 2017) - ML Gold Corp. (TSXV: MLG) (FSE: X0VN) ("ML Gold" or the "Company") is pleased to announce a maiden National Instrument 43-101 ("NI 43-101") Inferred Resource Estimate for the 100% owned Palmetto Epithermal Gold Project in Nevada of 10.1 million tonnes grading 0.95 g/t Au, and 7.29 g/t Ag (1.05 g/t AuEq) containing 310,000 ounces of gold, and 2.4 million ounces of silver for a total of 342,000 AuEq ounces in a pit constrained shell. Beneath the pit constrained resource, there is an initial underground inferred resource, completely open to depth and along strike, at 3.6 g/t Au and 10.8 g/t Ag (3.74 g/t AuEq) for an additional 11,753 AuEq ounces, giving a total maiden inferred resource of 353,435 AuEq ounces. The NI 43-101 Technical Report prepared by WSP Canada Inc. ("WSP") will be filed on SEDAR within 45 days of this release. Figure 1 (below) shows the current extent of drilling and Figure 2 shows a cross section through the eastern end of the resource area. Figure 3 highlights several additional mineralized zones hosting significant grades within close proximity to both the Discovery and Northwest Zones. These zones have yet to be included in the resource estimate due to drilling density. The pit shell was generated by applying certain economic constraints, now required under NI 43-101 disclosure on inferred resource estimates. ML Gold sees these areas having immediate potential to significantly increase the overall resource on the Palmetto Gold Project by increasing the drilling density between mineralized shells (see Figure 3). Evidence suggests that there is significant potential to expand the resource in multiple directions. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report