Continued Positive Results from Exploration Drilling, McFarlane Intersects Second Wide Zone of Gold Mineralization at McMillan Returning 51.6 Meters (m) of 2.0 Grams per Tonne (gpt) Gold, Containing a Higher-Grade Zone of 5.5 gpt Gold over 7.55 m That Included 16.1 gpt Gold over 1.8 m; Exploration Drilling Continues
McFarlane Lake Mining has announced significant drilling results from its McMillan Gold Mine project. Hole MLMM-25-04 intersected 2.0 gpt gold over 51.65 meters, including 3.1 gpt over 21.1 meters, with several higher-grade zones including 5.5 gpt gold over 7.55 meters and 16.1 gpt over 1.8 meters.
The drilling was conducted approximately 50 meters below and 20 meters west of a previous hole, targeting a Borehole Electromagnetic anomaly. The mineralization contains various sulphide minerals, including chalcopyrite, pyrite, pyrrhotite, and arsenopyrite, with base metal assay results pending. The zone remains open along strike and at depth.
The company believes the main ore body is dipping steeply to the north and plunging eastward. The McMillan Gold Mine is strategically located 70 km west of Sudbury, Ontario, within 3 km from major highways and power lines in the Huronian Gold Belt.
McFarlane Lake Mining ha annunciato risultati significativi di perforazione dal suo progetto McMillan Gold Mine. Il pozzo MLMM-25-04 ha intercettato 2.0 gpt di oro su 51.65 metri, inclusi 3.1 gpt su 21.1 metri, con diverse zone ad alto grado tra cui 5.5 gpt di oro su 7.55 metri e 16.1 gpt su 1.8 metri.
La perforazione è stata effettuata circa 50 metri sotto e 20 metri a ovest di un pozzo precedente, mirando a un'anomalia elettromagnetica di perforazione. La mineralizzazione contiene vari minerali solfuri, tra cui calcopyrite, pirite, pirrotite e arsenopirite, con risultati di assaggio dei metalli di base in attesa. La zona rimane aperta lungo l'asse e in profondità.
L'azienda ritiene che il corpo minerario principale sia inclinato ripidamente a nord e si inclini verso est. La McMillan Gold Mine è strategicamente situata a 70 km a ovest di Sudbury, Ontario, a soli 3 km dalle principali autostrade e linee elettriche nella Cintura Aurea Huroniana.
McFarlane Lake Mining ha anunciado resultados de perforación significativos en su proyecto McMillan Gold Mine. El agujero MLMM-25-04 intersectó 2.0 gpt de oro a lo largo de 51.65 metros, incluyendo 3.1 gpt a lo largo de 21.1 metros, con varias zonas de mayor grado, que incluyen 5.5 gpt de oro a lo largo de 7.55 metros y 16.1 gpt a lo largo de 1.8 metros.
La perforación se llevó a cabo aproximadamente 50 metros por debajo y 20 metros al oeste de un agujero anterior, apuntando a una anomalía electromagnética de perforación. La mineralización contiene varios minerales de sulfuro, incluyendo calcopirita, pirita, pirrotita y arsenopirita, con resultados de análisis de metales básicos pendientes. La zona permanece abierta en la dirección del estrato y a profundidad.
La empresa cree que el cuerpo mineral principal se inclina fuertemente hacia el norte y se sumerge hacia el este. La McMillan Gold Mine está estratégicamente ubicada a 70 km al oeste de Sudbury, Ontario, a solo 3 km de las principales carreteras y líneas eléctricas en el Cinturón de Oro Huroniano.
맥팔레인 호수 광업은 맥밀란 금광 프로젝트에서 중요한 시추 결과를 발표했습니다. MLMM-25-04 구멍은 51.65미터에서 2.0gpt 금을 발견했습니다, 이 중 21.1미터에서 3.1gpt를 포함하여 7.55미터에서 5.5gpt 금과 1.8미터에서 16.1gpt 금의 몇몇 고품질 구역이 있습니다.
시추 작업은 이전 구멍에서 약 50미터 아래, 20미터 서쪽에서 실시되었으며, 보어홀 전자기 이상을 목표로 했습니다. 광물화에는 칼코파라이트, 황철석, 피리트, 그리고 비소철석을 포함한 다양한 황화광물이 포함되어 있으며, 기초 금속 분석 결과는 보류 중입니다. 이 구역은 축을 따라 그리고 깊이에서도 열려 있습니다.
회사는 주 광체가 북쪽으로 급격히 경사져 있고 동쪽으로 침강하고 있다고 믿고 있습니다. 맥밀란 금광은 온타리오주 서드버리에서 70km 서쪽에 전략적으로 위치하며, 주요 고속도로와 전력선에서 3km 거리에 있습니다.
McFarlane Lake Mining a annoncé des résultats de forage significatifs provenant de son projet McMillan Gold Mine. Le trou MLMM-25-04 a intercepté 2.0 gpt d'or sur 51.65 mètres, y compris 3.1 gpt sur 21.1 mètres, avec plusieurs zones de meilleure qualité, y compris 5.5 gpt d'or sur 7.55 mètres et 16.1 gpt sur 1.8 mètres.
Le forage a été réalisé à environ 50 mètres sous et 20 mètres à l'ouest d'un trou précédent, ciblant une anomalie électromagnétique de forage. La minéralisation contient divers minéraux sulfurés, y compris de la chalcopyrite, de la pyrite, de la pyrrotite et de l'arséniopyrite, avec des résultats d'analyse des métaux de base en attente. La zone reste ouverte le long de la carotte et en profondeur.
L'entreprise pense que le principal gisement de minerai plonge fortement vers le nord et s'enfonce vers l'est. La McMillan Gold Mine est située stratégiquement à 70 km à l'ouest de Sudbury, en Ontario, à seulement 3 km des principales autoroutes et lignes électriques dans la ceinture d'or huronienne.
McFarlane Lake Mining hat bedeutende Bohrergebnisse aus seinem McMillan Gold Mine Projekt bekannt gegeben. Das Loch MLMM-25-04 schnitt 2,0 gpt Gold über 51,65 Meter, einschließlich 3,1 gpt über 21,1 Meter, mit mehreren höhergradigen Zonen, darunter 5,5 gpt Gold über 7,55 Meter und 16,1 gpt über 1,8 Meter.
Das Bohren wurde etwa 50 Meter unterhalb und 20 Meter westlich eines vorherigen Lochs durchgeführt, wobei eine borehole-elektromagnetische Anomalie angestrebt wurde. Die Mineralisierung enthält verschiedene Sulfidmineralien, darunter Chalkopyrit, Pyrit, Pyrrotin und Arsenopyrit, mit ausstehenden Ergebnissen der Basismetallanalysen. Die Zone bleibt entlang des Erzganges und in der Tiefe offen.
Das Unternehmen glaubt, dass das Hauptlagersteins stark nach Norden abfällt und in Richtung Osten abtaucht. Die McMillan Gold Mine befindet sich strategisch günstig 70 km westlich von Sudbury, Ontario, und nur 3 km von wichtigen Straßen und Stromleitungen im Huronian Goldgürtel.
- Wide mineralization zone discovered: 51.65m at 2.0 gpt gold
- High-grade intervals including 16.1 gpt gold over 1.8m
- Mineralization remains open along strike and at depth
- Strategic location near infrastructure (3km from highways and power lines)
- Additional base metal potential with pending copper, nickel, and cobalt assays
- True widths of mineralization not yet known
- Base metal assay results still pending
Recent Drilling Highlights
McFarlane intersects a second wide zone of gold mineralization in a 50 metre step out approximately 300 below surface and underneath the past producing McMillan Gold Mine.
Hole MLMM-25-04 intersected 2.0 gpt gold over 51.65 m which included 3.1 gpt over 21.1 m. Within the latter intercept were several higher-grade zones namely 5.5 gpt gold over 7.55 metres including 16.1 gpt over 1.8 m containing 56.1 gpt gold over 0.3 m, and two additional high-grade intercepts of 4.8 gpt gold over 4.4 m and 5.5 gpt gold over 2.8 m.
Drilling continues to test the continuity of this wide zone of gold mineralization, it remains open along strike and at depth
Toronto, Ontario--(Newsfile Corp. - February 10, 2025) - McFarlane Lake Mining Limited (CBOE CA: MLM) (OTCQB: MLMLF) ("McFarlane" or the "Company"), is excited to announce additional results of recent diamond drilling conducted at its
The McMillan Gold Mine was a past producer of gold and is located within 3 km from major highways and power lines. Located geologically in the Huronian Gold Belt, this area of the province has been consistently identified as a top gold and polymetallic exploration opportunity as highlighted in the Ontario Geological Survey's Recommendation for Exploration between 2010 and 2025.
Figure1. Property Location-McMillan Gold Mine.
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Hole MLMM-25-04 was drilled approximately 50 metres below and 20 metres west of hole MLMM-08-05W1 to test a Borehole Electromagnetic (EM) anomaly. Assay results returned 2.0 gpt gold over 51.6 metres, including 3.1 gpt gold over 21.15 metres. The wide zone of mineralization also included three higher-grade intervals of 5.5 gpt gold over 7.55 metres, 5.5 gpt gold over 2.8 metres, and 4.8 gpt gold over 4.4 metres. Drill assay highlights are shown in Table 1. A longitudinal section of the recent drilling is shown in Figure 2, and Figure 3 features a photo of the broad zone of mineralized quartz-sulphide stockwork from hole MLMM-25-04.
Previously announced drill hole MLMM-08-05W1, see news release February 3, 2025, returned 2.7 gpt gold over 31.35 metres including 5.6 gpt gold over 13 metres that contained a higher-grade zone of 10.7 gpt gold over 5 metres. Hole MLMM-08-05W1 and hole MLMM-25-04, reported in this release, have discovered a wide zone of gold mineralization hosted in quartz sulphide stockwork that is open along strike and at depth.
The mineralization quartz stockwork contains a variety of sulphide minerals, including chalcopyrite (a copper-bearing mineral), pyrite, pyrrhotite, and arsenopyrite. Base metal assay results for copper, nickel, and cobalt from both holes are still pending. McFarlane's drill program is still underway and plans to test the continuity of this wide zone of gold mineralization.
"We are excited by what we see," said Mark Trevisiol, CEO of McFarlane Lake Mining, adding "to get high-grade gold intercepts within a wide zone of mineralization is a spectacular result," adding "our team is now focused on exploring this trend with 'step out' drill holes to test this broad zone of gold mineralization along strike and at depth."
Based on drill and geophysical data from this recent drill program, McFarlane believes the main zone of the ore body is dipping steeply to the north (into the page of Figure 2) and plunging in an eastern (right) direction. Drilling will focus in the exploration area as outlined.
Figure 2. McMillan Mine Longitudinal Section Looking North - Recent and Historic Gold Intercepts and Historic Mine Workings
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Figure 3. Photograph of MLMM-25-04 drill core showing the 54-metre zone of mineralized quartz sulphide stockwork.
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Table 1. Drilling Assay Highlights
| Drill Hole ID | From (m) | To (m) | Interval (1) (m) | Gold Grade (g/t) |
| MLMM-25-04 | 335.65 | 387.30 | 51.65 | 2.0 |
| Including | 335.65 | 338.45 | 2.80 | 5.5 |
| Including | 335.65 | 336.30 | 0.65 | 20.9 |
| And including | 348.70 | 369.85 | 21.15 | 3.1 |
| Including | 348.70 | 353.10 | 4.40 | 4.8 |
| Including | 351.20 | 353.10 | 1.90 | 8.4 |
| And including | 362.30 | 369.85 | 7.55 | 5.5 |
| Including | 362.30 | 363.90 | 1.60 | 16.1 |
| Including | 362.30 | 362.60 | 0.3 | 56.3 |
| MLMM-25-03 | 156.10 | 170.00 | 0.85 | 3.3 |
| (1) Thicknesses are core lengths; true widths are not known. | ||||
Table 2. Details of drill holes reported in this press release.
| Drill Hole | Azimuth (Degrees) | Dip (Degrees) | Length (metres) | Easting (UTM) | Northing (UTM) |
| MLMM-24-03 | 171 | -69 | 570 | 438520 | 5110180 |
| MLMM-24-04 | 153 | -54 | 598 | 438520 | 5110180 |
For Further Information, Please Contact:
Mark Trevisiol, Chief Executive Officer
McFarlane Lake Mining Limited
info@mcfarlanelakemining.com
Qualified Person
The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, P. Geo., Consulting Geologist for the company, and a Qualified Person as defined under National Instrument 43-101.
Technical Information
The drill core samples collected by McFarlane Lake Mining and described in this news release were placed in core boxes by the drill crew contracted by the company. Core was then transported by McFarlane personal to a secure processing facility. The core is then reviewed with core metreage blocks checked to verify core integrity, geologically logged and samples marked. Core samples are cut in half, with one half remaining in the box and the other inserted into a clean plastic bag with a sample tag. Certified reference materials are inserted into the sample stream at a rate no less than
Historical information has been taken from the "Technical Report on the McMillan Gold Mine Property compiled for Garson Resources 2006, by H.R. Butler.
Compliant Resources
McFarlane has compliant gold resources within its property portfolio. In 2023 McFarlane delineated a National Instrument standard 43-101 compliant gold resource for its High Lake Property located 40 kilometres west of Kenora, Ontario near the Ontario/Manitoba border. See Table 1 for the resource statement. https://mcfarlanelakemining.com/news-april-9-mcfarlane-finds-more-gold-extends-gold-mineralization-on-the-purdex-zone/
Table 1: Current Purdex Zone Mineral Resource at 2.6 g/t Au cut-off
| Classification | Tonnes (k) | Au (g/t) | Au (k Oz) |
| Indicated | 152 | 9.38 | 45.8 |
| Inferred | 287 | 10.43 | 96.2 |
About McFarlane Lake Mining Limited
McFarlane is a gold exploration company focused on the exploration and development of its portfolio of properties. The past producing McMillan and Mongowin gold properties, located 70 km west of Sudbury, Ontario, the past producing West Hawk Lake property located immediately west of the Ontario-Manitoba border, and the High Lake gold property (see Table 1 for resource statement) located immediately east of the Ontario-Manitoba border and 8 km from the West Hawk Lake property. McFarlane also owns the Michaud/Munro mineral property situated 115 km east of Timmins along the so-called "Golden Highway". McFarlane is a "reporting issuer" under applicable securities legislation in the provinces of, British Columbia, Alberta and Ontario.
Additional information on McFarlane can be found by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, including without limitation; anticipated results of geophysical surveys or drilling programs, estimated timing, geological interpretations and potential mineral recovery processes. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of McFarlane to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Filing Statement dated as of January 14, 2022, which is available for view on SEDAR at www.SEDAR.com Forward-looking statements contained herein are made as of the date of this press release, and McFarlane disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240192
FAQ
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