ML Gold acquires drilling permit for Palmetto Gold Project in Nevada

22 February 2017 (Last Updated February 22nd, 2017 18:30)

ML Gold has secured permission to drill from 13 different locations at the Palmetto Gold Project in Esmeralda County, Nevada, US.

ML Gold has secured permission to drill from 13 different locations at the Palmetto Gold Project in Esmeralda County, Nevada, US.

The drilling permit will be finalised after the reclamation bond is posted in the Bureau of Land Management (BLM) in Reno, Nevada. ML Gold expects to start the drilling programme next month.

Palmetto project is located within the Walker Lane Gold Belt, a terrain that hosts multiple precious metal deposits.

Three different styles of gold mineralisation have been identified on the property, which are placer gold, vein/free gold, and disseminated gold.

The objective of this drilling campaign is to confirm and increase existing mineralised zones at the Palmetto Project that will enable the ML Gold to produce the first ever resource estimate on the property.

"We remain focused on building real ounces in one of the world’s top mining districts."

ML Gold chairman Andrew Bowering said: “In today’s fast-moving markets, ML Gold is moving quickly, implementing a thorough QA/QC and geotechnical programme in tandem with drilling enabling a smooth transition into a resource estimate.

“We are excited about the upcoming drilling programme and remain focused on building real ounces in one of the world’s top mining districts.”

ML Gold also announced that engineering company WSP Canada will complete the resource estimate and provide technical report on the Palmetto Project.

WSP has been operating for more than two decades in the mining industry. It determines financial, operational, engineering and geological sustainability of mining assets.

A Canadian listed company, ML Gold focuses on exploration and development of mining and mineral properties in Canada and the US.