BRIEF

on McFarlane Lake Mining Limited (NASDAQ:MLMLF)

McFarlane Lake Mining significantly expands its High Lake property

McFarlane Lake Mining Limited, a Canadian company specializing in mineral exploration and development, recently announced the acquisition of four new mining claims on its High Lake property, located 40 kilometers west of Kenora, Ontario. This expansion brings the total area of the property from 584.82 to 626.00 hectares, strengthening McFarlane's position in an area rich in known gold deposits and their extensions to the northwest of the current property lot.

This strategic initiative aims to fill a void in the western portion of the McFarlane property, opening new prospects for access and expansion of Zones A, B and C. Historical drilling results indicate concentrations of gold significant, including 168.8gpt Au over 2.4m in zone C. The company foresees the expansion of known zones and the discovery of new deposits thanks to this acquisition.

At the same time, McFarlane Lake is continuing a 10,000 meter drilling program in the Purdex zone, following the filing of a NI 43-101 technical report in July 2023, which highlighted inferred and indicated resources totaling 96,200 and 45,800 ounces of gold. 'gold respectively. This approach is a continuation of McFarlane's efforts to consolidate its presence and exploration in the region.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all McFarlane Lake Mining Limited news