MLK Gold

Overview

MLK Gold Ltd. (“MLK”, MLK Gold”, or the “Company”) is a new company formed concomitantly during the agreement arrangement between Mountain Lake Minerals Inc. and 1151024 B.C. Ltd. Mountain Lake Inc. was renamed to Pac Roots Corp. and a new Company (Spinco, or 1167343 B.C. Ltd.) was formed to hold Pac Roots mineral assets. The new Canadian gold exploration company (MLK Gold Ltd.) has a portfolio of gold projects in mining-friendly Newfoundland. The company recently completed a series of low-cost acquisitions, including the low sulphidation epithermal Manuels Gold Project and the mesothermal Caledonia Brook Projects hosting mineralization in granitoid lithologies of the Crippleback Lake Intrusive Suite (same age as Marathon Gold’s Valentine Lake project host rocks) and the surrounding highly altered volcanics of the Victoria Lake Supergroup. MLK also owns a 100 percent interest in the high-grade Golden Eye Project at Little River. Located along major gold trends, each of these properties exhibit the potential to host large-scale mineralizing systems.

Newfoundland ranks among the world’s top 10 mining jurisdictions, according to the Fraser Institute’s Mining Survey. Although Newfoundland’s only producing gold mine, Anaconda Mining’s (TSX:ANX) Point Rousse, is running low on gold reserves, the region has become a recent hotspot for gold exploration and development.

MLK Gold’s flagship project is the Caledonia Brook Gold Project, which has the potential to host large mesothermal, quartz vein hosted gold systems like that of Marathon Gold which lies about 180 km further to the southwest along the same structural trend. Host rocks at Caledonia Brook share the same unique geological age as those of Marathon’s Valentine Lake gold deposit. The Company completed a fully funded exploration program in the fall of 2021 at both Caledonia Brook and Little River. Although the exploration team will focus on gaining a better geological understanding of the mineralization, alteration, structure and stratigraphy controlling gold mineralization, emphasis will be placed on locating potential mineralized zones for test drilling. MLK Gold’s management will acquire additional financing to complete its strategic action plan in 2022.

Positive results from three successive exploration programs at the Company’s Caledonia Brook Gold Project further support the similar potential for intrusion-hosted gold mineralization along the Valentine Lake Structural. MLK will continue its ongoing exploration there into 2022. Currently, based on both historical data and new interpretation, 10 specific trends with the potential to host gold mineralization have been identified. Selected work was carried out over 4 of these trends in 2021. Visible gold (2.85 g/t Au) is present in quartz veins and pristine gold grains recovered from glacial till are present over a significant portion of the property. Prolific alteration and anomalous soil geochemistry suggest multiple gold targets along these specific trends across the property.

The Golden Eye Project at Little River has historical assays up to 18.9 g/t Au from angular grab samples on the property. A prospectus mineral corridor, based on historical diamond drilling, trenching, and soil sampling runs through the center of the property. Fine- and coarse- grained visible gold mineralization is associated with deformed quartz veins located approximately 3 km south of the property with the same structural/stratigraphic package striking through the centre of the project area. Diamond drilling along this mineral corridor recently reported assays up to 289 g/t Au over 1 m widths. Gold assays from grab samples up to 4,485 g/t Au along this corridor was verified by the Company. MLK Gold believes its new geological interpretation at the property will result in further gold discoveries.

The Manuels Property, located on the Avalon Peninsula of Newfoundland is a structurally complex volcanogenic, low-sulphidation epithermal setting with known veining and mineralization. Gold mineralization on the property is low grade (~0.5 g/t Au) but has never been drill tested other than by MLK Gold in late 2020-early-2021.

MLK Gold is led by a team of seasoned veterans with decades of experience in resource exploration and raising capital. President and CEO Paul Smith is a professional geologist who spent 33 years with the Mineral Resources Section of the Nova Scotia Department of Natural Resources as a Senior Research Gold Geologist and as Liaison Geologist for the Mineral Resources Branch before entering the private sector in 2008. Executive Chairman Bill Fleming has years of experience raising equity for small cap companies, including mineral exploration. The team also benefits from a strong network of contacts across Canada, as well as those in Newfoundland’s resource sector.

Company Highlights

• Operating in the world-class mining jurisdiction of Newfoundland, an emerging hotspot for gold exploration and development.
• Has a strong portfolio of gold projects with discovery and resource development potential.
• Its flagship Caledonia Brook property host mesothermal lode gold mineralization on the Valentine Lake Structural Trend, which hosts Marathon Gold’s Valentine Lake gold deposit to the southwest and New Found Gold Corp’s high grade mineralization along the parallel Appleton Fault Trend to the northeast.
• High grade gold at the Golden Eye Project in southern Newfoundland supports the potential of previously unrecognized mineralization in that area where recent high grade grab samples are reported.
• The Manuels gold property is located along major gold trend and exhibits the potential to host a low-sulphidation epithermal gold system.
• Experienced management team well-connected to Newfoundland resource sector and throughout Atlantic Canada.
• MLK Gold is newly listed on the CSE stock exchange under the symbol, MLK.
• The company added 104 lithium claims covering 2,600 hectares on its 360 Lithium property located on the south coast of Newfoundland