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.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

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 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.”

“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.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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.