ML Gold (MLG.V) has now received the additional permits needed for a step-out drill program at its Stars project in British Columbia. The new permits will allow the company to follow up on the high-grade copper mineralization in Zone 4, whilst it will also enable ML Gold to test additional copper targets in the Central Zone of the property.
In other news, ML appears to have expanded the area of visible copper mineralization in hole 8. That hole ended in visible copper mineralization at a depth of almost 300 meters, but the drill rig is still on the scene and will continue to deepen the hole until it exits the visible copper mineralization. Of course, ‘visible copper’ doesn’t have to mean much, and ML Gold is still figuring out what it really has. According to the company, its ‘understanding of the property geology is rapidly evolving’, and the recently discovered alteration seems to be similar to the Highland Valley Copper deposits (operated by Teck Resources elsewhere in BC). That could be interesting, as this could indicate there might be several porphyry zones on the property.