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ML Gold Completes First 689 Metre Hole at Stars Property, Increases Footprint of Porphyry System
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2018) - ML Gold Corp. (TSXV: MLG) ("ML Gold" or the "Company") is pleased to announce it has expanded the
About this update from M3 Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 2, 2018) - ML Gold Corp. (TSXV: MLG) (\"ML Gold\" or the \"Company\") is pleased to announce it has expanded the footprint of copper and molybdenum mineralization in its first drillhole of the spring program \"Hole 7\" (DD18SS007) testing into the new Central Target area. This hole confirms the presence of a large scale porphyry system and potentially significant molybdenum plus copper mineralization indicating a higher temperature setting within the Central Target area. A plan map with drilling, including the new Hole 7, is attached as Figure 1 below, and is also available on the Company's website on the Stars project page (http://www.mlgoldcorp.com/index.php/projects/stars-property). Additionally the Company has released Hole 7 core pictures on the Stars project page showing copper and molybdenum mineralization, porphyry dikes, potassic alteration, and magnetite-chalcopyrite breccias down hole. Hole 7 was drilled from the existing Pad 1 (DD17SS001 and DD17SS002) at 295 degrees and -45 dip. Hole 7 shows an increasing amount of molybdenum and potassic feldspar alteration. Molybdenum mineralization typically occurs within, or directly adjacent to, the higher temperature core of a porphyry system and is consistent with increased amounts of potassic feldspar alteration transitioning from pervasive secondary biotite alteration. The potassic feldspar alteration occurs as intense localized flooding and as halos around veins. Magnetite and chalcopyrite have been observed as matrix infill within breccias cutting the potassically altered wall rock. Separately centimeter scale porphyry dykes with cross-cutting quartz-magnetite(altered to hematite)-copper-molybdenum \"B\" style veins have been observed. The Company is in the process of logging, sampling, and shipping the core samples to MS Analytical in Langley, BC for assaying. Results from the new drilling will be made available as soon as possible. About the Stars Project The Stars Project is an early stage copper-molybdenum-silver-gold porphyry project in central BC, approximately 40 kilometers southwest of Houston, BC. ML Gold has been aggressively exploring the Stars project for a Copper Porphyry system since it acquired the project in November, 2017 (see release November 22, 2017). Within the first few months of exploration ML Gold...