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ML Gold Expands Palmetto Gold Zones; Drills 68.6 Metres of 0.87 g/t Au
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 15, 2017) - ML Gold Corp. (TSX VENTURE:MLG)(FRANKFURT:XOVN) ("ML Gold" or the "Company") reports results from e
About this update from M3 Metals Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 15, 2017) - ML Gold Corp. (TSX VENTURE:MLG)(FRANKFURT:XOVN) (\"ML Gold\" or the \"Company\") reports results from eight initial holes of its phase I drill program at the Palmetto Gold Project in Nevada, where a first ever gold resource is being calculated. The initial 8 holes are part of a 15 hole program delineating mineralization in two main zones, the Discovery Zone and the Northwest Zone. All drill holes encountered gold mineralization and most were successful in establishing new zones of mineralization and extending known zones well beyond historically identified limits. Mineralization remains open along strike, west and east, and at depth. In addition, there is a strong potential for discovery of additional mineralized zones, en echelon, which fall within the same property wide North-West trending structural corridor (the \"Palmetto Gold Trend\"). Drilling in the Northwest Zone followed up on 4 tightly clustered historical holes which were identified to be in a wide-open area with high potential. Initial results from these holes, stepping out 60 to 100 metres each time, returned wide mineralized intercepts outlining a broad area of gold mineralization at shallow depths. Drill hole PAL-17C03, the most eastern hole in the Northwest Zone reports 103 metres of 0.4 grams per tonne (\"gpt\") gold, including 31.5 metres grading 1.1 gpt. To the west, drill hole PAL-17R09 returned 24.4 metres grading 1.1 gpt, including 10 metres grading 2.0 gpt gold. This gold mineralization remains open to depth and to the east and west, representing a new open-pitable target at Palmetto Gold Project. The Discovery Zone remains open to depth and to the west. Drill hole PAL-17R04 is the westernmost step-out hole in the Discovery Zone to date and shows a thick gold mineralized interval which will require additional follow-up testing in the next phase of drilling. Hole PAL-17R01 intersected 68.6 m of 0.87 g/t gold targeting beneath the Discovery zone indicating that mineralization continues to depth. Each zone within the over-riding Palmetto Gold Trend shows an east-west orientation and is made up of a combination of high grade low-sulphidation veins, breccias, and stockworks, intercalated with disseminated gold mineralization within favorable stratigraphy. Confirmation that the Northwest Zone is in fa...