McFarlane Intersects 9.20 G/T Gold over 26.40 Meters-- WOW 2023-03-06 07:02 ET - News Release
Purdex Zone continues to deliver world-class gold intersections.
McFarlane to attend the upcoming PDAC conference in Toronto from March 5 to 8th, booth number 3208.
Toronto, Ontario--(Newsfile Corp. - March 6, 2023) - McFarlane Lake Mining Limited (NEO: MLM) (OTCQB: MLMLF) ("McFarlane" or the "Company"), a Canadian mineral exploration and development company, is pleased to provide a further update on the progress made at the Company's High Lake property in Ontario, near the Ontario-Manitoba Border. McFarlane completed 46 holes totalling just over 10,000 metres and is awaiting assays for a handful of holes.
Drilling in hole MLM-22-45 intersected a broad mineralized zone of 9.20 g/t gold over 26.4 metres from 292.1 to 318.5 as measured in drill core length from surface, including 15.43 g/t gold over 4.6 metres. The elevation of the broader intersection was -285.3m below surface.
"The Purdex Zone continues to deliver world-class gold intersections both near surface and at depth. Our High Lake property hasn't seen this intensity of drilling in its history but has proved if you are willing to do the work, the gold mineralization is there to be found," said Mark Trevisiol, CEO of McFarlane Lake Mining.
The mineralized zone in hole MLM-25-45 was comprised of altered mafic volcanics and quartz-feldspar porphyry intruded by numerous quartz-tourmaline veins. The zone occurs at the contact between the metasediments and mafic metavolcanics.
"Follow-up drilling in drill hole MLHL-22-45, above previously reported drill hole MLHL-22-06 (24.96 gpt Au over 14.9m), has confirmed the widening and high-grade nature of the Purdex Zone in this area," said Bob Kusins, Vice President of Geology at McFarlane. "We look forward to continuing exploration on our prospective target areas and developing a compliant resource on the Purdex Zone."
The Company released previous drill results showing attractive gold mineralization at High Lake on December 12, 2022, January 9, 2023, January 25, 2023, February 7, 2023, and February 28, 2023.
The mineralized zone and our current drill results to date with multiple high-grade intersections are shown in figures 1 and 2 below.