McFarlane drills 24.55 m of 6.14 g/t Au at High Lake.. MLM-VAnother Beauty Intersection
McFarlane drills 24.55 m of 6.14 g/t Au at High Lake
2023-02-28 09:34 ET - News Release
Mr. Roger Emdin reports
MCFARLANE INTERSECTS 6.14 GRAMS PER TONNE GOLD OVER 24.55 METRES WITHIN 15 METRES FROM SURFACE - INTERSECTION INCLUDES 24.55 GRAMS PER TONNE GOLD OVER 5.33 METRES
McFarlane Lake Mining Ltd. has provided a further update on the progress made at the company's High Lake property in Ontario, near the Ontario-Manitoba border. To date, McFarlane has completed 46 holes totalling about 10,000 metres and received assays for 41 holes.
Drilling in hole MLM-22-40 has a near-surface intersection of 6.14 grams per tonne gold over 24.55 metres from 14.61 to 41.80 as measured in drill core length from surface, including 24.55 g/t gold over 5.33 metres. Visible gold was evident within this high-grade interval. McFarlane also intersected high-grade gold at approximately 300 and approximately 350 metres below surface of 54.90 g/t gold over 0.30 metre and 47.28 g/t gold over 1.80 m in holes MLMH-22-20 and MLMH-22-21, respectively. Hole MLHL-22-21 also includes an interval of 105 g/t gold over 0.8 metre.
"When we began our exploration plans for High Lake, we knew our focus should be on the Purdex zone, which had attractive historical resources but had not been tested below 100 metres," said Bob Kusins, vice-president of geology at McFarlane. "Our drilling to date has identified several high-grade mineralized trends that extend well below 300 metres with some exceptional intercepts. These latest results further confirm our outlook that the geology supports a continuance of gold mineralization."
The company released previous drill results showing attractive gold mineralization at High Lake on Dec. 12, 2022, Jan. 9, 2023, Jan. 25, 2023, and Feb. 7, 2023.
"We continue to see excellent results with additional assays yet to be returned. We are pleased to see the continued development of a potential mineralized zone with multiple high-grade intersections in the Purdex zone," added Roger Emdin, chief operating officer of McFarlane. "We look forward to receiving further drill results from this campaign and with our goal of defining a [National Instrument] 43-101 compliant resource at High Lake."
Results from the remaining holes of the drill program will be released when they are available.
A technical report prepared in accordance with National Instrument 43-101 with respect to the High Lake and West Hawk Lake properties is available under the company's profile on SEDAR and on the company's website.
Quality assurance/quality control procedures
McFarlane Lake has implemented a quality assurance/quality control (QA/QC) program consistent with industry best practices. The drill core is being logged and sampled at a nearby facility with sawn half core samples, including QA/QC samples, being sent to an accredited lab (Actlabs) in Thunder Bay, Ont., for processing. The remaining half core has been retained in a locked facility for future examination. Certified reference material (CRM) standards and blanks are inserted every 10 samples into the sample stream. Gold was analyzed by 30-gram fire assay with atomic absorption finish. Samples above five grams per tonne gold were reassayed for gold with a gravimetric finish, while those above 10 grams per tonne were reassayed utilizing the pulp metallic method.
Qualified person
The technical contents of this news release have been reviewed and approved by Mr. Kusins, vice-president of geology of McFarlane. Mr. Kusins is a qualified person, as defined by NI 43-101. However, Mr. Kusins is not independent of the company by virtue of his position.
PDAC Conference, March 5 to 8, Toronto, Canada
McFarlane Lake Mining will attend the Prospectors & Developers Association of Canada in Toronto from March 5 to 8. Management will be at booth 3208 and available for one-on-one meetings.
About McFarlane Lake Mining Ltd.
McFarlane is a mineral exploration company focused on the exploration and development of the High Lake mineral property located immediately east of the Ontario-Manitoba border and the West Hawk Lake mineral property located immediately west of the Ontario-Manitoba border. In addition, McFarlane holds the McMillan and Mongowin mineral property located 70 kilometres west of Sudbury, which hosts the past-producing McMillan gold mine. 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.
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