McFarlane Lake Receives Exploration Permit on Its McMillan Gold Mine Property
McFarlane Lake Mining (NEO:MLM) has received an exploration permit from the Ontario Ministry of Mines for its McMillan Mine property, located approximately 70 kilometers east of Sudbury, Ontario. The permit allows for activities including line-cutting, geophysical surveys, and diamond drilling. The company is planning an initial 3,000-meter diamond drilling program.
Recent surface sampling at the property yielded an assay of 87.4 gpt gold and 0.59% copper. The presence of polymetallic gold-copper mineralization presents an opportunity to add significant value. Field preparations for drilling will begin in September, with drilling expected to start in November and continue into Q1 2025. The program aims to confirm and expand on historic high-grade gold intercepts, including 27.9 metres of 6.4 gpt gold containing 8.1 metres of 15.7 gpt gold.
McFarlane Lake Mining (NEO:MLM) ha ricevuto un permesso di esplorazione dal Ministero dei Minerali dell'Ontario per la sua proprietà McMillan Mine, situata a circa 70 chilometri a est di Sudbury, Ontario. Il permesso consente attività tra cui il taglio di linee, sondaggi geofisici e perforazione a diamante. L'azienda sta pianificando un programma di perforazione a diamante di 3.000 metri.
I recenti campionamenti superficiali della proprietà hanno restituito un'analisi di 87,4 gpt di oro e 0,59% di rame. La presenza di mineralizzazione aurifera-polimetallica rappresenta un'opportunità per aggiungere un valore significativo. I preparativi sul campo per la perforazione inizieranno a settembre, con l'avvio della perforazione previsto per novembre e che proseguirà fino al primo trimestre del 2025. Il programma mira a confermare ed espandere gli storici campionamenti di alta qualità in oro, inclusi 27,9 metri di 6,4 gpt di oro contenenti 8,1 metri di 15,7 gpt di oro.
McFarlane Lake Mining (NEO:MLM) ha recibido un permiso de exploración del Ministerio de Minas de Ontario para su propiedad McMillan Mine, ubicada a aproximadamente 70 kilómetros al este de Sudbury, Ontario. El permiso permite actividades que incluyen corte de líneas, estudios geofísicos y perforación con diamante. La empresa está planificando un programa de perforación con diamante de 3,000 metros.
Los recientes muestreos superficiales en la propiedad han arrojado un análisis de 87.4 gpt de oro y 0.59% de cobre. La presencia de mineralización de oro-cobre polimetálico presenta una oportunidad para agregar un valor significativo. Los preparativos de campo para la perforación comenzarán en septiembre, con la perforación esperada para iniciar en noviembre y continuar hasta el primer trimestre de 2025. El programa tiene como objetivo confirmar y expandir los históricos interceptos de alta ley en oro, incluyendo 27.9 metros de 6.4 gpt de oro conteniendo 8.1 metros de 15.7 gpt de oro.
McFarlane Lake Mining (NEO:MLM)은 온타리오 광물부로부터 맥밀란 광산 속성에 대한 탐사 허가를 받았습니다. 이 속성은 온타리오주 서드버리에서 동쪽으로 약 70킬로미터 떨어진 곳에 위치해 있습니다. 이 허가는 선 절단, 지구 물리학 조사 및 다이아몬드 드릴링을 포함한 활동을 허용합니다. 회사는 초기 3,000미터 다이아몬드 드릴링 프로그램을 계획하고 있습니다.
최근 속성에서의 표면 샘플링 결과 87.4 gpt 금과 0.59% 구리로 분석되었습니다. 다금속 금-구리 광물화의 존재는 상당한 가치를 추가할 기회를 제공합니다. 드릴링을 위한 현장 준비가 9월에 시작되며, 드릴링은 11월에 시작되어 2025년 1분기까지 계속될 예정입니다. 이 프로그램은 6.4 gpt 금을 포함한 27.9미터의 15.7 gpt 금과 같은 높은 등급의 금 채취를 확인하고 확장하는 것을 목표로 하고 있습니다.
McFarlane Lake Mining (NEO:MLM) a reçu un permis d'exploration du Ministère des Mines de l'Ontario pour sa propriété McMillan Mine, située à environ 70 kilomètres à l'est de Sudbury, en Ontario. Le permis autorise des activités telles que le déboisement, des enquêtes géophysiques et des forages diamantés. La société prévoit un programme de forage diamanté de 3 000 mètres.
Des échantillonnages récents en surface sur la propriété ont donné une analyse de 87,4 gpt d'or et 0,59% de cuivre. La présence de minéralisation polymétallique or-cuivre offre une opportunité d'ajouter une valeur significative. Les préparatifs de terrain pour le forage commenceront en septembre, avec un début de forage prévu en novembre et une poursuite jusqu'au premier trimestre de 2025. Le programme vise à confirmer et à élargir des intercepts d'or à haute teneur historiques, y compris 27,9 mètres de 6,4 gpt d'or contenant 8,1 mètres de 15,7 gpt d'or.
McFarlane Lake Mining (NEO:MLM) hat eine Erkundungsgenehmigung vom Ministerium für Bergbau Ontario für seine McMillan Mine-Eigentum erhalten, das sich etwa 70 Kilometer östlich von Sudbury, Ontario, befindet. Die Genehmigung erlaubt Aktivitäten wie Linien schneiden, geophysikalische Erhebungen und Diamantbohrungen. Das Unternehmen plant ein 3.000 Meter Diamantbohrprogramm.
Jüngste Oberflächenproben an der Liegenschaft ergaben eine Analyse von 87,4 gpt Gold und 0,59 % Kupfer. Die Anwesenheit von polymetallischer Gold-Kupfer-Mineralisierung bietet die Möglichkeit, einen erheblichen Wert zu schaffen. Die Feldvorbereitungen für die Bohrungen sollen im September beginnen, wobei die Bohrungen voraussichtlich im November beginnen und bis zum ersten Quartal 2025 fortgesetzt werden. Das Programm zielt darauf ab, historische hochgradige Goldfunde zu bestätigen und zu erweitern, darunter 27,9 Meter mit 6,4 gpt Gold, die 8,1 Meter mit 15,7 gpt Gold enthalten.
- Exploration permit granted for McMillan Mine property
- Initial 3,000-meter diamond drilling program planned
- Recent surface sampling yielded 87.4 gpt gold and 0.59% copper
- Presence of polymetallic gold-copper mineralization adds potential value
- Drilling program aims to confirm and expand on historic high-grade gold intercepts
- None.
TORONTO, ON / ACCESSWIRE / September 24, 2024 / McFarlane Lake Mining Limited (NEO:MLM) ("McFarlane Lake" or "the Company"), a Canadian gold exploration and development company, today announces that it has been granted an exploration permit from the Ontario Ministry of Mines, for its McMillan Mine property located approximately 70 kilometers east of Sudbury, Ontario (See Figure 1).
The property is located on the traditional lands of the First Nation (FN) communities of Atikameksheng Anishnawbek (Whitefish Lake FN), Whitefish River FN and Sagamok Anishnawbek FN and Metis Nation of Ontario.
Figure 1 - McMillan Mine Property Location
The permit allows the Company to conduct exploration activities including line-cutting, geophysical surveys and diamond drilling. McFarlane is currently planning for its initial diamond drilling program of 3,000 meters.
On September 10, 2024, the company announced results of surface sampling at the historic McMillan Mine property which returned an assay of 87.4 gpt gold and
Field preparations for drilling will begin in September with drilling anticipating to start in November continuing into the first quarter of 2025. The drilling is planned to confirm and expand on numerous historic high grade gold intercepts including 27.9 metres of 6.4 gpt gold containing 8.1 metres of 15.7 gpt gold (See Figure 2). Further details regarding the McMillan Mine property can be found on the Companies web site https://mcfarlanelakemining.com/properties/.
Figure 2 - McMillan Mine Longitudinal Section - Historic Gold Intercepts and Planned Drilling Target Areas
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.
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 here for compliant high grade gold resource statement on High Lake https://mcfarlanelakemining.com/ni-43-101-high-lake-may-23-2023/) 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.
SOURCE: McFarlane Lake Mining Limited
View the original press release on accesswire.com
FAQ
What exploration permit did McFarlane Lake Mining (NEO:MLM) receive for its McMillan Mine property?
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