Home Electromagnetic MLK Gold. announces start of airborne geophysical survey on flagship Caledonia Brook gold property

MLK Gold. announces start of airborne geophysical survey on flagship Caledonia Brook gold property

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Geotech Ltd. uses the industry-leading Versatile Time-Domain Electromagnetic (VTEM™ Plus) geophysical system to study the property

WINDSOR, NS, March 1, 2022 /CNW/ – MLK Gold Ltd. (CSE: MLK) (or the “Company“), a growth-oriented gold exploration company headquartered in Windsor, Nova Scotiais pleased to announce the start of the Versatile Time-Domain Electromagnetic (VTEM™ Plus) geophysical survey on the Company’s flagship gold property, Caledonia Brook, located in the southwestern region of Grand FallsWindsor, Newfoundland. The Caledonia Brook property is located west of New Found Gold Corporation’s high-grade gold discovery and shares geological similarities with Marathon Gold (4 million ounces) Valentine’s Day and Lake Victoria – Grand Falls shear zone system.

At February 1, 2022the Company announced that it had entered into an agreement with Aurora, OntarioGeotech Ltd., based at Geotech Ltd., to conduct the highly specialized airborne geophysical survey. Geotech is currently on the ground covering 944 linear kilometers across the Caledonia Brook Gold Property which consists of 284 claims covering 7,100 hectares. Their industry-leading VTEM™ Plus technology has radar altimeter accuracy of approximately 1 meter and unparalleled penetration depth and high-resolution imagery that allows for better characterization of mineral and rock density.

The Company expects to receive preliminary results from the highly interpretative geophysical survey in early March. The data will then be analyzed by Geotech and the Company’s team of geologists. Once the geomapping data has been processed and completed, the President and CEO of the company, Paul Smith (P.Geo.), will issue a statement announcing the results.

“We entered the year with an aggressive program focused on operationalizing our 2022 exploration plan, so we are excited about what the survey results could mean for the company,” said Smith, who also pointed out that recent surveys performed with VTEM™ Plus have produced superior results on the same test areas using electromagnetic (EM) surveys.

Executive Chairman of MLK Gold, William (Bill) Flemingindicates that the company’s strategy is already exceeding expectations.

“Compared to where we were last year and where we are today, there is no doubt that we are putting the company on the path to success,” added Fleming. “We stand here among giants, we know that. Yet, as we continue to mature and grow in this golden land of opportunity, it will be our vision and continued investment in our path to exploration excellence that will ultimately define us.

Qualified Persons and 43-101 Disclosure

Paul SmithP. Geo., president and chief executive officer of the company, is the designated qualified person for this press release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the information techniques contained in this release is accurate and endorses the written disclosure thereof.

About MLK Gold Ltd.

Founded in 2018, MLK Gold Ltd. quickly established itself as one of from Atlantic Canada premier resource exploration companies offering strategic gold and metal exposure representing a unique blend of resource discovery and development potential. Invested in a portfolio of mining-rich and mineral-rich gold projects NewfoundlandMLK’s plan is to capitalize on the province’s ranking as one of the top 10 mining jurisdictions in the world and grow into a long-term, financially sound gold mining company.

Additional information about the Company and its business is available on the Company’s website at www.mlkgold.com and under the Company’s profile at www.sedar.com.

To view the company’s recent promotional video, please click HERE.

Forward-looking statements

This press release contains certain forward-looking statements. Where possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, ” believes”, “estimates”, “predicts” or “potential” or the negative form or other variations of these words, or similar words or expressions, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof.

Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied by the forward-looking statements. These factors should be carefully considered and readers should not place undue reliance on forward-looking statements. Although the forward-looking statements contained in this press release are based on what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company undertakes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

SOURCEMLK Gold Ltd.

For further information: For further information or to arrange an interview, please contact: William (Bill) Fleming, Executive Chairman, MLK Gold Ltd., 59 Payzant Drive, PO Box 657, Windsor, Nova Scotia, Canada, B0N 2T0, Phone: 902.448.0716, Email: [email protected]