McFarlane Lake Mining returns high-grade gold samples in Ontario

• McFarlane Lake Mining (NEO:MLM) has identified gold mineralization at its High Lake Property west of Kenora, Ontario
• Recent surface fieldwork on the property found mineralization 350 metres east and 120 metres west of the Purdex Zone, with samples returning gold grades of 9.35 and 15.90 grams per tonne
• Several anomalous areas with 12 samples returning values containing gold were found and were returned in four target areas identified in the recent geophysical survey
• McFarlane Lake Mining Stock (NEO:MLM) opened trading at $0.15 per share

McFarlane Lake Mining (NEO:MLM) has identified gold mineralization at its High Lake Property west of Kenora, Ontario.

Recent surface fieldwork on the property found mineralization 350 metres east and 120 metres west of the Purdex Zone, with samples returning gold grades of 9.35 and 15.90 grams per tonne, respectively, indicating expansion potential of the zone.

Several anomalous areas with 12 samples returning values containing gold were found and were returned in four target areas identified in the recent geophysical survey.

An established mineral resource estimate for the Purdex Zone logged 96,200 Inferred ounces and 45,800 indicated ounces of gold at a grade of 10.32 grams per tonne gold and 9.38 grams per tonne gold, respectively.

Gold samples from these places were in elevated areas of conductivity supporting geophysical data as having the potential to contain gold mineralization.

The copper-gold Porphyry Zone on the southwest of the property has seen more than 22 metres of historical trenching completed in the 1950s graded 0.95 per cent copper with associated gold values of up to 1.5 grams per tonne gold. Recently, the Porphyry Zone’s prospecting and sampling program produced a number of elevated gold and copper values, including 1.55, 1.46 and 0.96 grams per tonne gold associated with 0.87, 0.78 and 0.59 per cent copper, respectively.

Purdex Zone Mineral Resource at 2.6 g/t Au cut-off

McFarlane Lake Mining is a Canadian gold exploration and development company. The company’s recent gold exploration confirms high grade historical resource and expands it by 75 per cent in NI-43-101 compliant resource Click here to read more.

McFarlane Lake Mining Ltd. (MLM) opened trading at $0.15 per share.

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