ML Gold Corp. (TSX-V: MLG) (“ML Gold” or the “Company”) is pleased to report it has intersected three long intervals with visible copper sulphide in the second, third, and fourth drill holes at its ongoing program at the Stars Project near the Huckleberry Mine in central BC. Significantly, drill hole four, collared 150 metres to the southeast from drill hole one, and drilling east, has intersected a 300 metre interval, from 25.2 to 325.2 metres depth, with visible chalcopyrite as veins and disseminations including massive chalcopyrite mineralization.
Highlights from drilling:
- All mineralization encountered to date begins at or close to surface, hidden by a thin layer of glacial till (average 20-25 metres).
- Multiple events of copper mineralization have been observed, evident from cross-cutting relationships of chalcopyrite rich veins.
- Copper mineralization is hosted within volcanics and intrusive rocks with an apparent spatial association to various phases of porphyritic and apalitic dykes.
- Visually identified mineralization in the first four drill holes is comprised predominately of chalcopyrite with little pyrite.
- Chlorite-sericite-muscovite alteration associated with chalcopyrite rich quartz veins, possibly indicates current drilling is within a zone above or beside higher temperature potassic core.
DD18SS004 enters bedrock at 21.3 metres within mineralized volcanics and transitions into mineralized monzodiorite to granodiorite intrusive rock of the Bulkley Intrusive Complex (BIC), similar to the host rock at the Huckleberry Mine. Visible copper mineralization is observed throughout the interval to a depth of 325.2 meters. The hole then remains within the intrusive rock to the bottom of the hole at 367.9 metres.
DD18SS003 entered bedrock at a depth of 23.4 metres. Downhole, copper sulphide mineralization occurs in veins and as disseminations and blebs of chalcopyrite. Visible mineralization occurs throughout the interval to a depth of 254.8 metres. The hole remains within intrusive rock to a total depth of 438 metres.
DD17SS002 entered bedrock at a depth of 24.1 metres with visible copper oxide mineralization at surface. Downhole, copper sulphide mineralization occurs in veins ranging in size from 0.1 to 15 centimetres (cm) and as disseminations of chalcopyrite and less bornite. Visible mineralization occurs throughout the interval to a depth of 300.8 metres. The hole remains in intrusive rock to a total depth of 363.3 meters.
Adrian Smith, President of ML Gold commented “We are extremely pleased with first four holes of the program. Hole four is the most impressive hole to date and there is no indication we have drilled within the best zone of this porphyry system yet.”
True widths of the mineralized zones intersected are unknown at this time. Core is being processed and assays will be reported as soon as possible.
For greater information on this project and to view maps, sections, and additional pictures from the drill holes, please visit the Company’s website or follow the URL:
Adrian Smith, P.Geo., is the qualified person for the Company as that term is defined in National Instrument 43-101, and has supervised the technical information presented within this news release.
ABOUT ML GOLD CORP.
ML Gold Corp. is a Canadian company listed on the TSX Venture Exchange, focused on creating shareholder value through discoveries and strategic development of mineral properties in Canada and the United States.
ML GOLD CORP.
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Figure 3: Massive Chalcopyrite with quartz in hole 4 at Stars Property (115.8metres)