McFarlane Lake Mining Identifies Strong Geophysical Targets on Unexplored West Side of McMillan Mine
McFarlane Lake Mining (CBOE:MLM)(OTCQB:MLML) has identified new geophysical drill targets at its wholly-owned McMillan Mine property near Sudbury, Ontario. The company completed a borehole electromagnetic (EM) survey on six drill holes, revealing promising targets at depth and in unexplored western areas.
Previous EM surveys from Fall 2024 proved effective, with notable results including:
- Hole MLMM-25-04: 51.65 meters of 2.0 gpt gold, including 7.5 metres of 5.5 gpt gold
- Hole MLMM-08-05W1: 31.3 m of 2.7 gpt gold, including 5 m of 10.7 gpt gold
The newly identified EM plates are more extensive, with one reaching 750 metres below surface, significantly deeper than the current known mineralization of 400m. Another plate extends 150 metres horizontally westward. The company plans to drill test these new targets, focusing on potential gold mineralization extensions plunging northwest.
McFarlane Lake Mining (CBOE:MLM)(OTCQB:MLML) ha identificato nuovi obiettivi di perforazione geofisica presso la sua interamente posseduta proprietà McMillan Mine vicino a Sudbury, Ontario. L'azienda ha completato un'indagine elettromagnetica (EM) su sei fori di perforazione, rivelando obiettivi promettenti in profondità e in aree occidentali inesplorate.
Le precedenti indagini EM dell'autunno 2024 si sono dimostrate efficaci, con risultati notevoli tra cui:
- Foro MLMM-25-04: 51,65 metri di 2,0 gpt oro, inclusi 7,5 metri di 5,5 gpt oro
- Foro MLMM-08-05W1: 31,3 m di 2,7 gpt oro, inclusi 5 m di 10,7 gpt oro
Le nuove placche EM identificate sono più estese, con una che raggiunge i 750 metri sotto la superficie, significativamente più profonda rispetto alla mineralizzazione conosciuta attuale di 400 m. Un'altra placca si estende orizzontalmente per 150 metri verso ovest. L'azienda prevede di testare questi nuovi obiettivi di perforazione, concentrandosi su potenziali estensioni di mineralizzazione dell'oro che si immergono verso nord-ovest.
McFarlane Lake Mining (CBOE:MLM)(OTCQB:MLML) ha identificado nuevos objetivos de perforación geofísica en su propiedad McMillan Mine, de su propiedad total, cerca de Sudbury, Ontario. La empresa completó una encuesta electromagnética (EM) en seis perforaciones, revelando objetivos prometedores en profundidad y en áreas occidentales inexploradas.
Las encuestas EM anteriores del otoño de 2024 resultaron efectivas, con resultados notables que incluyen:
- Perforación MLMM-25-04: 51.65 metros de 2.0 gpt de oro, incluyendo 7.5 metros de 5.5 gpt de oro
- Perforación MLMM-08-05W1: 31.3 m de 2.7 gpt de oro, incluyendo 5 m de 10.7 gpt de oro
Las nuevas placas EM identificadas son más extensas, con una que alcanza los 750 metros por debajo de la superficie, significativamente más profunda que la mineralización conocida actual de 400 m. Otra placa se extiende horizontalmente 150 metros hacia el oeste. La empresa planea perforar estos nuevos objetivos, enfocándose en posibles extensiones de mineralización de oro que se sumergen hacia el noroeste.
맥팔레인 레이크 마이닝 (CBOE:MLM)(OTCQB:MLML)은 온타리오주 서드버리 근처에 있는 전액 출자한 맥밀란 광산 소유지에서 새로운 지구물리학적 드릴 타겟을 확인했습니다. 이 회사는 6개의 드릴 홀에서 보어홀 전자기(EM) 조사를 완료하였으며, 깊이와 미탐사된 서부 지역에서 유망한 타겟을 밝혀냈습니다.
2024년 가을의 이전 EM 조사는 효과적이었으며, 주목할 만한 결과로는:
- 홀 MLMM-25-04: 51.65미터에서 2.0 gpt의 금, 그 중 7.5미터는 5.5 gpt의 금 포함
- 홀 MLMM-08-05W1: 31.3m에서 2.7 gpt의 금, 그 중 5m는 10.7 gpt의 금 포함
새로 확인된 EM 플레이트는 더 광범위하며, 하나는 표면 아래 750미터에 달해 현재 알려진 광물화 깊이인 400m보다 상당히 깊습니다. 또 다른 플레이트는 수평으로 서쪽으로 150미터 확장됩니다. 이 회사는 이러한 새로운 타겟을 드릴링 테스트할 계획이며, 북서쪽으로 침강하는 잠재적인 금 광물화 연장을 집중적으로 조사할 것입니다.
McFarlane Lake Mining (CBOE:MLM)(OTCQB:MLML) a identifié de nouveaux cibles de forage géophysique sur sa propriété entièrement détenue McMillan Mine près de Sudbury, Ontario. L'entreprise a complété une enquête électromagnétique (EM) sur six forages, révélant des cibles prometteuses en profondeur et dans des zones occidentales inexplorées.
Les enquêtes EM précédentes de l'automne 2024 se sont révélées efficaces, avec des résultats notables comprenant :
- Forage MLMM-25-04 : 51,65 mètres de 2,0 gpt d'or, incluant 7,5 mètres de 5,5 gpt d'or
- Forage MLMM-08-05W1 : 31,3 m de 2,7 gpt d'or, incluant 5 m de 10,7 gpt d'or
Les nouvelles plaques EM identifiées sont plus étendues, l'une atteignant 750 mètres sous la surface, significativement plus profonde que la minéralisation connue actuelle de 400 m. Une autre plaque s'étend horizontalement sur 150 mètres vers l'ouest. L'entreprise prévoit de tester ces nouveaux cibles de forage, en se concentrant sur les extensions potentielles de minéralisation d'or plongeant vers le nord-ouest.
McFarlane Lake Mining (CBOE:MLM)(OTCQB:MLML) hat neue geophysikalische Bohrziele auf seinem vollständig im Besitz befindlichen McMillan-Minenareal in der Nähe von Sudbury, Ontario, identifiziert. Das Unternehmen hat eine bohrlochgeführte elektromagnetische (EM) Untersuchung an sechs Bohrlöchern abgeschlossen, die vielversprechende Ziele in der Tiefe und in unerforschten westlichen Gebieten offenbarte.
Frühere EM-Untersuchungen aus dem Herbst 2024 waren erfolgreich, mit bemerkenswerten Ergebnissen, darunter:
- Bohrloch MLMM-25-04: 51,65 Meter mit 2,0 gpt Gold, einschließlich 7,5 Meter mit 5,5 gpt Gold
- Bohrloch MLMM-08-05W1: 31,3 m mit 2,7 gpt Gold, einschließlich 5 m mit 10,7 gpt Gold
Die neu identifizierten EM-Platten sind umfangreicher, wobei eine bis zu 750 Meter unter der Oberfläche reicht, was deutlich tiefer ist als die derzeit bekannte Mineralisierung von 400 m. Eine andere Platte erstreckt sich horizontal 150 Meter nach Westen. Das Unternehmen plant, diese neuen Ziele zu bohren und sich auf potenzielle Erweiterungen der Goldmineralisierung zu konzentrieren, die nordwestlich abtauchen.
- Strong drill results: 51.65m @ 2.0 g/t Au including 7.5m @ 5.5 g/t Au
- New EM targets extend to 750m depth, nearly doubling known mineralization depth of 400m
- Only 200m of 7km strike length explored, indicating significant expansion potential
- 100% ownership of McMillan Mine property
- Extensive unexplored areas require significant drilling investment
- New targets still untested and unproven
SUDBURY, ON / ACCESS Newswire / March 27, 2025 / McFarlane Lake Mining Limited (CBOE:MLM)(OTCQB:MLML) ("McFarlane Lake" or "the Company"), a Canadian gold exploration and development company, today announces that it has successfully identified new geophysical drill targets at its
Figure 1 - Location of McMillan Mine property
McFarlane recently completed a borehole electromagnetic (EM) geophysical survey on six drill holes from its recent drill program. The objective was to identify additional areas of potential gold mineralization. The survey was successful and identified targets at depth and to the west in an unexplored area at the McMillan Mine (Figure 2).
The companies previous bore hole EM survey, conducted in the Fall of 2024, had proven effective in identifying broad zones of mineralization, specifically in areas with multiple EM plates. For example, hole MLMM-25-04 was drilled to test two EM plates and returned 51.65 meters of 2.0 grams per tonne ("gpt") of gold including a higher-grade interval of 7.5 metres of 5.5 gpt gold. Similarly, hole MLMM-08-05W1 intersected the top of that EM plate and returned 31.3 m of 2.7 gpt gold including 10.7 gpt gold over 5 m.
The newly identified EM plates appear to be more extensive than those previously tested. Notably, one plate extends to a depth of 750 metres below surface while another extends 150 metres horizontally to the west. Currently the deepest known mineralization on the property is approximately 400 m from surface.
Based on the recent drill results and the new bore hole EM geophysical targets, McFarlane's technical team believes the EM plates could represent an extension of the gold mineralization plunging steeply to the northwest. In the coming days, the company plans to drill test the newly identified EM plates on the unexplored west side of the McMillan Mine.
Figure 2 - New EM targets and recent drill intersections
"To date our geophysical tools have been a significant enabler for finding gold mineralization," says Mark Trevisiol, CEO and Chairman of Mcfarlane Lake Mining. "The property has seen little to no exploration below 300 meters from surface. Couple that with the ability to use the latest geophysical technology and that only 200 m of a total strike length of 7km has been explored demonstrates significant potential we have," Mark added.
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.
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.
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 ACCESS Newswire
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