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ML Gold Corp.
Summary
| Project: | Stars | |
|---|---|---|
| Deposit: | Tana Zone | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 11/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-11-2018: ML Gold Corp. announces an Exploration/Drilling Update report for its Tana Zone deposit at the Stars project. Drilling results incl. 182.88m @ 0.20% Cu, 0.037g/t Au, 0.800g/t Ag, 0.0051% Mo from 8.53m. ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Adrian Smith (Internal) | |
| ABSTRACT: | ML Gold Corp. (TSX-V: MLG; FSE: XOVN.F) (“ML Gold” or the “Company”) is pleased to report that it has extended the open-ended mineralization at the Tana Zone on it’s Stars Project in central BC, Canada. Vein-hosted and disseminated copper mineralization has been intersected in Holes 11, 12 and 13 (DD18SS011-013) which were drilled as 100 metre step-out holes from the previously reported hole 10. Additional assays from holes 14, 15 and 16 (DDSS18014-016) are currently being processed. Highlights: • Hole 13 intersected 0.3% Copper and 0.36% Copper Equivalent over 73 meters • A broad zone of mineralization within Hole 13 starts from surface includes 182 metres at 0.2% Copper and 0.25% Copper Equivalent (CuEq) • All three holes intersected copper mineralization associated with a network of porphyry intrusions • Mineralization at the Tana Zone comes to surface and remains open along strike and to depth • Follow up holes target extensions of mineralized feldspar porphyry • Additional assays from further step-out holes are pending The Stars Property is ideally located 60km southwest of the resource town of Houston, B.C. The project site is low-elevation, gentle topography, and is accessible by all-season main line resource roads making it ideal for low-cost open-pit mine development. Tana Zone The Tana Zone is located on the eastern flank of the large 5-kilometre-long magnetic ring anomaly centred within ML Gold’s Stars Property. The zone of copper mineralization occurs within and adjacent to a magnetic low and remains open to depth and along strike. Copper mineralization has been directly related to feldspar porphyry intrusions with zones of increased potassic alteration typically making up the central portions of the mineralized intervals. Observations of the potassic alteration indicate that the mineralization is “leaking” from a larger source. These observations include high grade potassic breccias cemented with chalcopyrite (copper). The main rock units present are altered feldspar-phyric porphyry intrusions cutting hornfelsed and silicified Hazelton Group volcanic rocks. The newly discovered porphyry unit has now been observed in six separate drill hole at the Tana Zone. ML Gold Geologists have noted many similarities to the Huckleberry deposit in regards to the lithology and mineralization styles. | |
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