McFarlane Lake Intersects 6.2 Grams per Tonne (g/t) Gold Over 6.45 Metres (M) Within 14.9 m of 3.0 g/t Gold and Discovers New Mineralized Zones at Depth Containing Visible Gold - Assays Pending
McFarlane Lake Mining has announced significant drilling results from its McMillan Mine property near Sudbury, Ontario. The key highlight is hole MLMM-25-07, which intersected 6.2 g/t gold over 6.45 metres within a broader zone of 14.9 metres grading 3.0 g/t gold, including a high-grade section of 57.2 g/t gold over 0.45 metres.
Recent drilling in hole MLMM-25-09 has discovered five new mineralized zones, with two containing visible gold. The company's exploration program has also revealed promising polymetallic potential, with anomalous copper (0.36%), cobalt (0.11%), and nickel (0.07%) assays.
The company is utilizing Electro Magnetic (EM) geophysics to guide exploration, identifying a new EM plate beneath old mine workings at depths between 550-700 metres from surface. This discovery suggests potential for major expansion of mineralization at the McMillan Mine, which remains open along strike and at depth on the western side.
McFarlane Lake Mining ha annunciato risultati significativi di perforazione nella proprietà della miniera McMillan, vicino a Sudbury, Ontario. Il dato più rilevante è il foro MLMM-25-07, che ha intercettato 6,2 g/t di oro su 6,45 metri all'interno di una zona più ampia di 14,9 metri con una gradazione di 3,0 g/t di oro, inclusa una sezione ad alta concentrazione di 57,2 g/t di oro su 0,45 metri.
Le recenti perforazioni nel foro MLMM-25-09 hanno individuato cinque nuove zone mineralizzate, di cui due con oro visibile. Il programma di esplorazione dell'azienda ha inoltre evidenziato un promettente potenziale polimetallico, con analisi anomale di rame (0,36%), cobalto (0,11%) e nichel (0,07%).
L'azienda sta utilizzando la geofisica Elettro Magnetica (EM) per guidare l'esplorazione, identificando una nuova piastra EM sotto vecchi lavori minerari a profondità comprese tra 550 e 700 metri dalla superficie. Questa scoperta suggerisce un potenziale di espansione significativa della mineralizzazione nella miniera McMillan, che rimane aperta sia lungo la direzione della vena sia in profondità sul lato ovest.
McFarlane Lake Mining ha anunciado resultados significativos de perforación en su propiedad de la mina McMillan cerca de Sudbury, Ontario. El punto más destacado es el taladro MLMM-25-07, que intersectó 6,2 g/t de oro sobre 6,45 metros dentro de una zona más amplia de 14,9 metros con una ley de 3,0 g/t de oro, incluyendo una sección de alta ley de 57,2 g/t de oro sobre 0,45 metros.
La perforación reciente en el taladro MLMM-25-09 ha descubierto cinco nuevas zonas mineralizadas, dos de ellas con oro visible. El programa de exploración de la compañía también ha revelado un prometedor potencial polimetálico, con ensayos anómalos de cobre (0,36%), cobalto (0,11%) y níquel (0,07%).
La empresa está utilizando geofísica electromagnética (EM) para guiar la exploración, identificando una nueva placa EM debajo de antiguos trabajos mineros a profundidades entre 550 y 700 metros desde la superficie. Este hallazgo sugiere un potencial para una gran expansión de la mineralización en la mina McMillan, que permanece abierta a lo largo de la veta y en profundidad en el lado occidental.
McFarlane Lake Mining은 온타리오주 서드버리 인근의 맥밀란 광산 부지에서 중요한 시추 결과를 발표했습니다. 주목할 만한 구멍 MLMM-25-07은 6.45미터 구간에서 6.2g/t 금을 포함하는 14.9미터 구간 내에서 3.0g/t 금 등급을 확인했으며, 그 중 0.45미터 구간에서는 57.2g/t의 고품위 금이 발견되었습니다.
최근 MLMM-25-09 구멍 시추에서는 5개의 새로운 광화대가 발견되었으며, 그 중 2곳에서는 육안으로 확인 가능한 금이 포함되어 있습니다. 회사의 탐사 프로그램은 또한 구리(0.36%), 코발트(0.11%), 니켈(0.07%)의 이상 비율 분석을 통해 유망한 다금속 잠재력을 드러냈습니다.
회사는 전자기(EM) 지구물리학을 활용해 탐사를 진행 중이며, 지표면으로부터 550~700미터 깊이의 오래된 광산 작업 아래에서 새로운 EM 플레이트를 확인했습니다. 이 발견은 맥밀란 광산의 광물화가 서쪽 방향과 깊이에서 확장될 가능성을 시사합니다.
McFarlane Lake Mining a annoncé des résultats significatifs de forage sur sa propriété de la mine McMillan près de Sudbury, Ontario. Le point clé est le trou MLMM-25-07, qui a intercepté 6,2 g/t d'or sur 6,45 mètres dans une zone plus large de 14,9 mètres avec une teneur de 3,0 g/t d'or, incluant une section à haute teneur de 57,2 g/t d'or sur 0,45 mètre.
Les forages récents dans le trou MLMM-25-09 ont révélé cinq nouvelles zones minéralisées, dont deux contenant de l'or visible. Le programme d'exploration de la société a également mis en évidence un potentiel polymétallique prometteur, avec des analyses anormales de cuivre (0,36 %), cobalt (0,11 %) et nickel (0,07 %).
La société utilise la géophysique électromagnétique (EM) pour orienter l'exploration, identifiant une nouvelle plaque EM sous d'anciennes galeries minières à des profondeurs comprises entre 550 et 700 mètres sous la surface. Cette découverte suggère un potentiel d'expansion majeur de la minéralisation à la mine McMillan, qui reste ouverte en extension et en profondeur du côté ouest.
McFarlane Lake Mining hat bedeutende Bohrergebnisse auf dem Grundstück der McMillan-Mine in der Nähe von Sudbury, Ontario, bekannt gegeben. Das Highlight ist Bohrloch MLMM-25-07, das 6,2 g/t Gold über 6,45 Meter innerhalb einer größeren Zone von 14,9 Metern mit einem Gehalt von 3,0 g/t Gold durchteufte, einschließlich eines hochgradigen Abschnitts mit 57,2 g/t Gold über 0,45 Meter.
Die jüngsten Bohrungen im Loch MLMM-25-09 entdeckten fünf neue mineralisierte Zonen, von denen zwei sichtbares Gold enthalten. Das Explorationsprogramm des Unternehmens hat zudem ein vielversprechendes polymetallisches Potenzial mit anomalen Kupfer- (0,36 %), Kobalt- (0,11 %) und Nickel- (0,07 %) Gehalten aufgezeigt.
Das Unternehmen nutzt elektromagnetische (EM) Geophysik zur Steuerung der Exploration und identifizierte eine neue EM-Platte unter alten Bergwerksarbeiten in Tiefen zwischen 550 und 700 Metern unter der Oberfläche. Diese Entdeckung deutet auf ein erhebliches Expansionspotenzial der Mineralisierung in der McMillan-Mine hin, die entlang des Streichens und in der Tiefe auf der Westseite offen bleibt.
- High-grade gold intersection of 6.2 g/t over 6.45m, including 57.2 g/t over 0.45m
- Discovery of five new mineralized zones with visible gold in MLMM-25-09
- Additional polymetallic potential with copper, cobalt, and nickel mineralization
- New EM plate identified suggesting potential resource expansion at depth
- True widths of mineralization are not yet known
- Drilling stopped while still in mineralization due to other priorities
TORONTO, ON / ACCESS Newswire / April 22, 2025 / McFarlane Lake Mining Limited (CBOE:MLM)(OTCQB:MLML), "McFarlane Lake" or "the Company", a Canadian gold exploration and development company, today announces results of recent exploration drilling conducted at its
Exploration Highlights
Hole MLMM-25-07 intersects 6.2 g/t gold over 6.45 m within a wider zone assaying 3.0 g/t gold over 14.9 m which included 57.2 g/t gold over 0.45 m
Recent drilling (Hole MLMM-25-09) intersects five zones of mineralization including occurrences of visible gold confirming western plunge of mineralization below the McMillan Mine.
Recent drill hole MLMM-25-07 intersected four zones of mineralization with the most prominent being 14.9 m of 3.0 g/t gold including 6.45 m of 6.2 g/t gold (See Figure 2 and Table 1 and 2). The hole was drilled from the northeast to the southwest testing the newly identified trend of the mineralization down plunge. The hole intersected a heavily mineralized area with assays as high as 57.2 g/t gold over 0.45 m.
Table 1 - Drilling Assay Highlights
Hole ID | From (m) | To (m) | Interval (1) (m) | Gold Grade (g/t) |
MLMM-25-06 | 442.35 | 442.60 | 0.25 | 6.3 |
And | 455.45 | 458.25 | 2.80 | 1.5 |
Including | 455.45 | 456.20 | 0.75 | 3.1 |
And | 467.45 | 467.80 | 0.35 | 3.6 |
MLMM-25-07 - Zone 1 | 284.40 | 293.95 | 9.55 | 1.0 |
Including | 284.40 | 291.90 | 7.50 | 1.3 |
Including | 284.40 | 288.90 | 4.50 | 1.6 |
That also includes | 291.60 | 291.90 | 0.30 | 7.2 |
And | 311.15 | 311.40 | 0.25 | 1.8 |
MLMM-25-07 - Zone 2 | 329.00 | 343.90 | 14.90 | 3.0 |
Including | 330.00 | 339.00 | 9.00 | 4.7 |
Including | 330.00 | 336.45 | 6.45 | 6.2 |
That includes | 336.00 | 336.45 | 0.45 | 57.2 |
MLMM-25-07 - Zone 3 | 355.90 | 363.45 | 7.55 | 1.8 |
Including | 357.25 | 363.45 | 6.20 | 2.2 |
Including | 359.25 | 362.45 | 3.20 | 4.0 |
Including | 359.25 | 361.00 | 1.75 | 6.1 |
That includes | 360.00 | 360.35 | 0.35 | 15.3 |
MLMM-25-07 - Zone 4 | 379.45 | 386.00 | 6.55 | 0.6 |
Including | 381.80 | 386.00 | 4.20 | 0.9 |
That includes | 382.60 | 385.15 | 2.55 | 1.3 |
MLMM-25-08 | 355.00 | 378.90 | 23.90 | 0.2 |
Including | 364.65 | 374.90 | 10.25 | 0.3 |
Including | 364.65 | 366.65 | 2.00 | 1.3 |
That includes | 366.15 | 366.65 | 0.50 | 4.6 |
And | 393.35 | 394.00 | 0.65 | 1.2 |
And | 407.00 | 409.05 | 2.05 | 0.6 |
Including | 408.55 | 409.05 | 0.50 | 2.3 |
(1) Thicknesses are core lengths; true widths are not known.
Recently completed hole MLMM-25-09 targeting the newly identified Electro Magnetic (EM) anomalies or "EM plates" (see announcement March 27/2025), intersected five zones of mineralization including two zones with occurrences of visible gold. The drill hole was targeting three of the EM plates which cluster on the western side of the McMillan Mine (Figure 3). Drilling was originally planned to a length of approximately 480 m (440 m Vertically), however, drilling continued to return favourable sulphide stockwork, similar to intersections of gold mineralization discovered earlier this year (see announcements February 3/2025 and February 10/2025). The five zones of mineralization intersected in hole MLMM-25-09 with assays pending are listed below:
345 m to 350 m - 5 m
357 m to 364 m - 7 m
392 m to 394 m - 2 m
418 m to 464 m - 46 m (2 occurrences of visible gold at 457 m)
530 m to 570 m - 40 m (9 occurrences of visible gold specs 532.6 m, see Figure 4)
With other priority targets planned in the current drilling campaign, hole MLMM-25-09 was stopped at a final length of 570 m. At the time of stopping the hole, sulphide stockwork was still appearing at the bottom of the hole and presents an opportunity for additional exploration. McFarlane plans to complete a borehole "EM" survey on this hole to identify additional targets around this newly identified mineralized EM conductive zone.
Borehole EM continues to be a significant exploration tool for McFarlane to locate areas of sulphide and gold mineralization. The association of gold with sulphide minerals of "pyrrhotite, chalcopyrite and pyrite" enable the EM geophysical tool to detect these sulphides and highlight zones of potential gold mineralization. A new EM Plate has recently been identified underneath the old mine workings at a depth of approximately 550 m from surface extending to 700 m from surface (see Figure 3).
McFarlane's expanded assay program has also revealed anomalous assays of copper, cobalt and nickel highlighting the exciting polymetallic upside of the project beyond gold. Highlights from these assays include:
0.36% Cu over 0.5 m in hole MLMM-24-040.11% Co over 0.55 m in hole MLMM-08-05W10.07% Ni over 0.4 m in hole MLMM-25-03
"Our recent assays and newest intersection are very encouraging and seem to have confirmed the western plunge of mineralization at the McMillan Mine where the geophysics has indicated" said Mark Trevisiol CEO and Chairman of McFarlane Lake Mining. He added "The EM geophysics continues to provide excellent guidance to locate areas of gold mineralization. The western side of the mine is open along strike and at depth with a sizeable anomaly extending at depth setting the stage for a major expansion of the gold and potentially polymetallic mineralization at the McMillan Mine."
Mr. Trevisiol will share his views on this announcement and other developments in the gold industry Tuesday April 22, 2025 2:30 pm on Trader TV, available through https://tradertv.live/
Table 2. Details of drill holes reported in this press release.
Drill Hole | Azimuth (Degrees) | Dip (Degrees) | Length (metres) | Easting (UTM) | Northing (UTM) |
MLMM-25-05 | 220 | -45 | 156 | 438700 | 5110010 |
MLMM-25-06 | 140 | -56 | 501 | 438520 | 5110180 |
MLMM-25-07 | 240 | -60 | 428 | 438802 | 5110069 |
MLMM-25-08 | 223 | -62.3 | 468 | 438787 | 5110119 |
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 personnel 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
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 (click on http//www.mcfarlanelakemining.com/properties/ for compliant high grade gold resource statement on High Lake) located 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 or at on its website at www.mcfarlanelakemining.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.
SOURCE: McFarlane Lake Mining Limited
View the original press release on ACCESS Newswire
FAQ
What are the latest gold drilling results from McFarlane Lake Mining (MLMLF)?
How many new mineralized zones did McFarlane Lake Mining (MLMLF) discover in hole MLMM-25-09?
What polymetallic potential has been identified at McFarlane Lake's McMillan Mine?
What is the depth of the new EM plate discovered at McFarlane Lake's McMillan Mine?
