Business
ML Gold Drills 405 metres of 0.26% CuEq from Surface at Stars Copper Project; Discovers New Mineralized Feldspar Porphyry Under Cover
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2018) - ML Gold Corp. (TSXV: MLG) (FSE: XOVN) ("ML Gold" or the "Company") is pleased to announce that
About this update from M3 Metals Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - August 28, 2018) - ML Gold Corp. (TSXV: MLG) (FSE: XOVN) (\"ML Gold\" or the \"Company\") is pleased to announce that its ongoing drilling program at the Stars project has intersected over 400 metres of copper mineralization extending the entire length of Hole 10 (DD18-SS010), ending in mineralization at a final depth of 490m. The mineralization is characterized by variably silicified and potassic altered feldspar porphyry intrusions containing coarse and fine grained disseminations of chalcopyrite, in a steeply-dipping mineralized zone. Ongoing drilling continues to expand the known mineralization along strike and at depth. Additional holes have been completed adjacent to DD18-SS010 on a 100 metre spaced drill grid, with assays pending (see drill plan map, Figure 1). ML Gold's Stars project 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 mine development. Highlights: A new mineralized feldspar porphyry intrusion has been intersected for the first time in Hole 10 (see attached cross section, Figure 2). Consistent disseminated mineralization is observed in the porphyry intrusion. Mineralization also extends as vein-hosted chalcopyrite into the surrounding host rocks (ex. Hole 4 - 204 m @ 0.5% CuEq, proximal to porphyry intrusion). Hole 10 - 405.38 metres of 0.26% CuEq from 29.57 to 434.95 metres Including 188.97 metres of 0.33% CuEq from 178.92 to 367.89 metres. Including 24.38 metres of 0.32% CuEq from 392.28 to 416.66 metres. Including 79.25 metres of 0.40% CuEq from 203.30 to 282.55 metres. Including 30.48 metres of 0.50% CuEq from 337.41 to 367.89 metres. Increased potassic alteration is observed at depth in DD18-SS010 with coarse disseminated chalcopyrite indicating proximity to the mineralized potassic core of the system (see core detail photo, Figure 3) Rock units observed are potassic altered feldspar-phyric porphyry intrusion along with hornfelsed and silicified Hazelton Group volcanics. These units are synonymous to the nearby Huckleberry deposit, with similar observations of drill core made by ML Gold geologists. The zone remains open along strike and to depth. Comments: Adrian Smith, President of ML Gold comme...