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ML Gold Announces New Discovery with 204 Metres of 0.5% Copper Equivalent (0.45% Cu) Including 40 Metres at 1.02% CuEq at Stars Project - Geophysics Identifies Potential Centre of Porphyry
Vancouver, British Columbia--(Newsfile Corp. - February 28, 2018) - ML Gold Corp. (TSXV: MLG)...
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[{"type":"text","content":"ML Gold Announces New Discovery with 204 Metres of 0.5% Copper Equivalent (0.45% Cu) Including 40 Metres at 1.02% CuEq at Stars Project - Geophysics Identifies Potential Centre of PorphyryVancouver, British Columbia--(Newsfile Corp. - February 28, 2018) - ML Gold Corp. (TSXV: 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.STARS HIGHLIGHTSHigh-Grade Results from Surface: Hole 4 intersected 40.2 metres of 1.02% copper equivalent (0.93% Cu) from 26.52m to 66.72m (bedrock begins at 21.58m) within a larger interval grading 0.50% CuEq (0.45% Cu) over 204m from 23.47m to 227.69m.New Geophysics Identifies Possible Porphyry Centre: The recent detailed airborne magnetic survey identified a cluster of covered and untested circular magnetic anomalies between the two zones drilled in the current program and centered within a larger ovoid magnetic \"ring\" feature (or \"magnetic halo\") approximately 5 kilometres in diameter (long axis) (see Figure 1).Porphyry System Confirmed: Dr. Paul Johnston, an independent porphyry expert who recently reviewed the project drill core comments: \"Mineralization [observed in the Stars drill core] is consistent with mineralized features associated with a porphyry system\" and suggests that \"the [current] drilling is in a marginal position relative to the porphyry centre\" where it is reasonable to expect higher copper grades.Drill Hole Chemistry Indicates A Significant Upside Target: Drilling to date has identified a clear systematic zonation of sulphide minerals where pyrite-only mineralization transitions to pyrite-chalcopyrite to chalcopyrite-only to chalcopyrite-bornite moving towards the newly identified \"central\" target area. This pattern has been identified in both areas drilled in the current program and in both cases displays an increasing temperature gradient towards the \"centre\" target area possible indicating a be...