McFarlane Lake Mining Awards Drilling Contract at Its McMillan Mine Property; Strengthens Its Geological Team
McFarlane Lake Mining (CBOE:MLM)(OTCQB:MLMLF) has awarded a diamond drilling contract for its winter program at the 100% owned McMillan Mine property, located 70 kilometers west of Sudbury, Ontario. The company plans to drill a minimum of 3,000 meters to test and expand on historic high-grade gold intercepts and better understand the deposit's geology.
A recent sample from the site returned 87.4 gpt gold, 0.59% copper and anomalous cobalt and nickel, demonstrating potential for high-grade gold within a polymetallic mineralized system. McFarlane has also strengthened its geological team by adding Wesley and Winston Whymark, experienced professionals in mineral exploration with familiarity in the McMillan Mine's geological setting.
The company has a compliant gold resource at its High Lake Property, with an Indicated resource of 152,000 tonnes at 9.38 g/t Au for 45,800 ounces, and an Inferred resource of 287,000 tonnes at 10.43 g/t Au for 96,200 ounces.
McFarlane Lake Mining (CBOE:MLM)(OTCQB:MLMLF) ha assegnato un contratto di perforazione a diamante per il suo programma invernale presso la proprietà della miniera McMillan, di cui possiede il 100%, situata a 70 chilometri a ovest di Sudbury, Ontario. L'azienda prevede di perforare un minimo di 3.000 metri per testare ed espandere i storici intercetti di oro ad alta legge e comprendere meglio la geologia del deposito.
Un recente campione prelevato nel sito ha restituito 87,4 gpt di oro, 0,59% di rame e anomalie di cobalto e nichel, dimostrando il potenziale per oro ad alta legge all'interno di un sistema mineralizzato polimetallico. McFarlane ha anche rafforzato il suo team geologico aggiungendo Wesley e Winston Whymark, professionisti esperti nell'esplorazione mineraria con familiarità con l'assetto geologico della miniera McMillan.
L'azienda ha una risorsa aurifera conforme presso la sua proprietà High Lake, con una risorsa indicata di 152.000 tonnellate a 9,38 g/t Au per 45.800 once, e una risorsa inferita di 287.000 tonnellate a 10,43 g/t Au per 96.200 once.
McFarlane Lake Mining (CBOE:MLM)(OTCQB:MLMLF) ha otorgado un contrato de perforación de diamante para su programa invernal en la propiedad de la mina McMillan, la cual es 100% de su propiedad, ubicada a 70 kilómetros al oeste de Sudbury, Ontario. La empresa planea perforar un mínimo de 3,000 metros para probar y expandir históricos interceptos de oro de alta ley y comprender mejor la geología del depósito.
Una muestra reciente del sitio devolvió 87.4 gpt de oro, 0.59% de cobre y anomalías de cobalto y níquel, demostrando el potencial de oro de alta ley dentro de un sistema mineralizado polimetálico. McFarlane también ha fortalecido su equipo geológico al agregar a Wesley y Winston Whymark, profesionales experimentados en exploración mineral con familiaridad en el entorno geológico de la mina McMillan.
La empresa tiene un recurso de oro conforme en su propiedad High Lake, con un recurso indicado de 152,000 toneladas a 9.38 g/t Au para 45,800 onzas, y un recurso inferido de 287,000 toneladas a 10.43 g/t Au para 96,200 onzas.
맥파를레인 레이크 마이닝 (CBOE:MLM)(OTCQB:MLMLF)은 100% 소유한 맥밀란 광산 부지의 겨울 프로그램을 위한 다이아몬드 시추 계약을 체결했습니다. 이 광산은 온타리오주 사드버리에서 70킬로미터 서쪽에 위치해 있습니다. 회사는 역사적으로 고품질 금 광맥을 시험하고 확장하기 위해 최소 3,000미터를 시추할 계획입니다.
현장에서의 최근 샘플에서 87.4 gpt의 금, 0.59% 구리와 이상적인 코발트 및 니켈이 검출되어, 다금속 광화 시스템 내에서 고품질 금의 잠재력을 입증하고 있습니다. 맥파를레인은 또한 지질 팀을 강화했습니다, 맥밀란 광산의 지질적 환경에 대한 숙련된 전문가인 웨슬리와 윈스턴 와이마크를 추가했습니다.
회사는 High Lake 부지에 규제를 준수하는 금 자원을 보유하고 있으며, 이는 9.38 g/t Au로 152,000톤의 표시 자원과 10.43 g/t Au로 287,000톤의 추정 자원을 포함하여 각각 45,800온스와 96,200온스를 포함합니다.
McFarlane Lake Mining (CBOE:MLM)(OTCQB:MLMLF) a attribué un contrat de forage diamant pour son programme hivernal sur la propriété de la mine McMillan, qu'elle possède à 100 %, située à 70 kilomètres à l'ouest de Sudbury, Ontario. L'entreprise prévoit de forer un minimum de 3 000 mètres pour tester et étendre les anciens intercepts d'or de haute qualité et mieux comprendre la géologie du dépôt.
Un échantillon récent du site a révélé 87,4 gpt d'or, 0,59 % de cuivre et des teneurs anormales en cobalt et en nickel, démontrant le potentiel de l'or de haute qualité au sein d'un système minéralisé polymétallique. McFarlane a également renforcé son équipe géologique en ajoutant Wesley et Winston Whymark, des professionnels expérimentés en exploration minérale avec une forte connaissance du cadre géologique de la mine McMillan.
L'entreprise dispose d'une ressource aurifère conforme sur sa propriété High Lake, avec une ressource indiquée de 152 000 tonnes à 9,38 g/t Au pour 45 800 onces, et une ressource inférée de 287 000 tonnes à 10,43 g/t Au pour 96 200 onces.
McFarlane Lake Mining (CBOE:MLM)(OTCQB:MLMLF) hat einen Vertrag zur Diamantbohrung vergeben für sein Winterprogramm auf dem zu 100% im Besitz befindlichen Grundstück der McMillan Mine, das sich 70 Kilometer westlich von Sudbury, Ontario, befindet. Das Unternehmen plant, mindestens 3.000 Meter zu bohren, um historische hochgradige Goldinterzepte zu testen und zu erweitern sowie die Geologie des Deposits besser zu verstehen.
Eine aktuelle Probe vom Standort ergab 87,4 gpt Gold, 0,59% Kupfer und anomale Gehalte an Kobalt und Nickel, was das Potenzial für hochgradiges Gold innerhalb eines polymetallischen mineralisierten Systems demonstriert. McFarlane hat auch sein geologisches Team verstärkt, indem es Wesley und Winston Whymark hinzugefügt hat, erfahrene Fachleute in der Mineralexploration mit Kenntnissen über die geologische Lage der McMillan Mine.
Das Unternehmen verfügt über ein konformes Goldressourcen in seiner High Lake-Liegenschaft, mit einer angezeigt Ressource von 152.000 Tonnen bei 9,38 g/t Au für 45.800 Unzen und einer geschätzten Ressource von 287.000 Tonnen bei 10,43 g/t Au für 96.200 Unzen.
- Awarded diamond drilling contract for winter program at McMillan Mine property
- Plans to drill minimum 3,000 meters to expand on historic high-grade gold intercepts
- Recent sample returned 87.4 gpt gold and 0.59% copper, indicating high-grade potential
- Added experienced geological team members familiar with McMillan Mine's setting
- Has compliant gold resource at High Lake Property with 45,800 oz Indicated and 96,200 oz Inferred
- None.
TORONTO, ON / ACCESSWIRE / October 16, 2024 / McFarlane Lake Mining Limited ("McFarlane" or the "Company") (CBOE:MLM)(OTCQB:MLMLF), is please to announce that it has awarded a diamond drilling contract for its winter drilling program at its
The past producing McMillan Gold Mine is located 70 kilometers west of Sudbury, Ontario. It is located within 3 km from major highways and power lines. Located geologically in the Huronian Gold Belt 70 km west of Sudbury (Figure 1), 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 2010 to 2011" and "Recommendation for Exploration 2017 to 2018".
FIGURE 1 - Property Location - McMillan Gold Mine
Drilling Program
The company plans to drill a minimum of 3,000 meters to test and expand on historic high-grade gold intercepts at the McMillan Gold Mine (Figure 2) and to better understand the geology of the deposit.
A recent sample taken at the site, from what is interpreted to have been historic ore from the McMillan Gold Mine, returned 87.4 gpt gold,
FIGURE 2 - McMillan Mine Longitudinal Section - Historic Gold Intercepts and Mine Workings
Geological Team
McFarlane has added two new members to its geological team, Wesley and Winston Whymark, brothers, who have highly tailored careers in mineral exploration including a strong familiarity with the geological setting of the McMillan Mine.
Wesley is a professional consulting geologist with over 14 years of experience in mineral exploration and registered with the Professional Geoscientists Ontario (PGO). He has held senior management roles, including Vice President of Exploration at Inventus Mining, where he led greenfields and advanced exploration projects including resource modeling initiatives. Wesley holds a B.Sc. from Laurentian University and has contributed to multiple scientific publications in the field of geoscience.
Winston is a project manager and logistics consultant with over 16 years of experience, including 9 years in management roles most recently with Argonaut Gold and Inventus Mining. He has supervised various exploration projects, notably making the significant "Pardo Gold" discovery in 2013. Winston has successfully led bulk sample programs and developed extensive expertise in project management, permitting, and field operations, working with teams of up to 15 geologists and technicians. He holds a diploma in Geological and Mining Engineering Technology from Cambrian College and is an OACETT associate member with multiple certifications in safety and equipment operation.
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 samples collected by McFarlane Lake Mining and described in this news release were transported in secure sealed bags for preparation and assay by Agat Labs. The samples reported were crushed in their entirety to
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.
For Further Information, Please Contact:
Mark Trevisiol, Chief Executive Officer
McFarlane Lake Mining Limited
info@mcfarlanelakemining.com
SOURCE: McFarlane Lake Mining Limited
View the original press release on accesswire.com
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