Posted in | Mining Business

ML Gold Receives Positive Decision on Drilling Permit for Palmetto Gold Project

ML Gold Corp. ("ML Gold" or the "Company") reports that it has received a positive decision on its application for drilling from 13 different locations at the Palmetto Gold Project in Esmeralda County, Nevada. The drilling permit will be finalized once the reclamation bond has been posted at the Bureau of Land Management (BLM) in Reno, NV. ML Gold anticipates beginning this drilling program in early March. The program is aimed to confirm and expand existing mineralized zones at the Palmetto Project, and will allow the Company to produce a first ever resource estimate on the property.

The Company also announces that it has retained WSP Canada Inc. (WSP) to complete the maiden resource estimate and technical report on the Palmetto Project. As a Canadian multinational, WSP is one of the world's leading engineering consulting firms. WSP has a comprehensive and skilled team that can determine the sustainability of investment opportunities and related assets for the Mining and Resource Industry. Their experienced multidisciplinary team of professionals can determine the engineering, geology, mining, infrastructure, transportation, financial, and operational sustainability of the targeted asset. WSP has been providing engineering services to the mining industry for over 20 years, in challenging environmental, temporal, and political conditions.

Andrew Bowering, Chairman of ML Gold comments "In today's fast moving markets ML Gold is moving quickly, implementing a thorough QA/QC and geotechnical program in tandem with drilling enabling a smooth transition into a resource estimate. We are excited about the upcoming drilling program and remain focused on building real ounces in one of the world's top mining districts."

ML Gold has worked with a visual graphics team to produce an overview video for the Palmetto Project. This video can be viewed on the Company's website under the Projects tab for the Palmetto Project or by following the link (www.mlgoldcorp.com/index.php/projects/palmetto) and clicking on the video.

Adrian Smith, P.Geo., is the qualified person for the Company as that term is defined in National Instrument 43-101, and has supervised the technical information presented within this news release.

Source: http://www.mlgoldcorp.com/

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