ML Gold has started a winter drilling programme on its recently acquired Stars property around 40km south-west of Houston in British Columbia (BC), Canada.
The Stars property lies within a porphyry belt passing through central BC.
The company has mobilised a diamond drill rig to the property and drilling campaign is currently underway.
Under the company’s plan, the programme will comprise 2,500m of drilling in five to six holes that will enable testing of copper-gold-silver-molybdenum mineralisation identified at and near-surface in depth.
ML Gold president Adrian Smith said: “We are thrilled by the speed in which our team was able to bring together the property, permitting, and resources necessary to give our shareholders exposure to drill what could be a significant new porphyry discovery in BC.
“We are excited by the quality and prospectively of the project that we have acquired and believe that the Stars will play a key role in the resurgence of this prolific mining district in the highly resource friendly jurisdiction of central BC.”
According to the company, the property contains anomalous chargeability over an area of at least 3km by 4km and is open in multiple directions.
The company also noted that extensive copper mineralisation is visible where the bedrock outcrops through the glacial cover in the low lying areas.
Nine historic shallow holes were drilled on the property and one of them ended in 0.56% copper at only 110m, and another returned 142m at 0.25% copper.
ML Gold expects that deeper drilling will help identify a vertically extensive mineralising system responsible for high-level mineralisation.