Welcome to our dedicated page for MCFARLANE LAKE MINING news (Ticker: MLMLF), a resource for investors and traders seeking the latest updates and insights on MCFARLANE LAKE MINING stock.
McFarlane Lake Mining Limited (MLMLF) is a Canadian gold exploration company focused on advancing high-grade mineral resources through systematic drilling and geophysical surveys. This news hub provides investors and industry professionals with centralized access to official updates and analysis on the company's exploration progress and strategic developments.
Track key updates including project milestones, technical reports, and corporate announcements. All content is verified for accuracy and compliance with NI-43-101 standards, offering reliable insights into the company's operations across Ontario's mining regions.
Discover how McFarlane Lake Mining combines historical data with modern exploration techniques to expand its resource base. Stay informed about drilling results, quality control measures, and partnerships that shape the company's growth trajectory.
Bookmark this page for real-time updates and in-depth coverage of MLMLF's activities in the competitive gold exploration sector. Access essential news and press releases in one trusted location for informed decision-making.
McFarlane Lake Mining (OTCQB:MLMLF) has announced its proposed acquisition of the Juby Gold Project, one of Ontario's largest undeveloped gold properties, from Aris Mining Holdings Corporation. The project contains a significant historical gold resource of 773,000 oz indicated (21.31M tonnes at 1.13 g/t) and 1.49M oz inferred (47.15M tonnes at 0.98 g/t) using a 0.4 g/t cutoff grade.
The acquisition includes four defined gold mineralized zones along an 8.7-kilometer strike length and a 25% ownership in the Knight Joint Venture, which includes the Tyanite property with historical production of 232,000 oz at 5 g/t gold. The project is strategically located in the Abitibi Greenstone Belt with excellent infrastructure access, including proximity to provincial highway 560 and high voltage power lines.
Aris Mining (NYSE-A: ARMN) has announced the sale of its Juby Gold Project in Ontario, Canada to McFarlane Lake Mining (CSE: MLM) for a total consideration of US$22 million. The transaction includes Aris Mining's 100% interest in Juby and 25% joint venture interest in the adjacent Knight property.
The deal structure comprises US$10 million in cash payable at closing, McFarlane common shares up to 19.9% of post-financing share capital, and potential additional payment within 12 months to reach the total purchase price. The transaction's completion is contingent on McFarlane raising minimum US$10 million in financing and is expected to close within 90 days.
McFarlane Lake Mining (OTCQB:MLMLF) has announced significant gold discoveries at its McMillan Mine property near Sudbury, Ontario. The company's drill hole MLMM-25-11 intersected 29.5 meters of 1.3 gpt gold approximately 200 meters below surface, including a high-grade core of 20.1 gpt gold over 1.45m within 6.6 gpt gold over 4.55m.
A notable discovery includes a geophysical electromagnetic "Superconductor" near hole MLMM-25-11, located 180m below surface, with conductance levels of 50,000 to 100,000 Siemens, significantly higher than previous findings of 500-1,000 Siemens. The company has also confirmed strong continuity of gold mineralization over a 500m plunge length in the McMillan Gold Structure.
McFarlane Lake Mining Limited (CSE:MLM)(OTCQB:MLMLF) announced the transition of its stock listing from Cboe Canada to the Canadian Securities Exchange (CSE). The company's common shares will commence trading on the CSE under the symbol "MLM" starting May 8, 2025, following their delisting from Cboe Canada at market close on May 7, 2025.
McFarlane Lake Mining Limited (OTCQB:MLMF) has announced its upcoming listing on the Canadian Securities Exchange (CSE) effective May 8, 2025, under the symbol "MLM". The company will simultaneously delist from Cboe Canada at market close on May 7, 2025. CEO Mark Trevisiol highlighted that joining the CSE, which hosts over 350 mining and exploration companies, aligns with McFarlane's growth strategy and aims to increase investor visibility for their gold properties development initiatives.
McFarlane Lake Mining has announced significant drilling results from its McMillan Mine property near Sudbury, Ontario. The key highlight is hole MLMM-25-07, which intersected 6.2 g/t gold over 6.45 metres within a broader zone of 14.9 metres grading 3.0 g/t gold, including a high-grade section of 57.2 g/t gold over 0.45 metres.
Recent drilling in hole MLMM-25-09 has discovered five new mineralized zones, with two containing visible gold. The company's exploration program has also revealed promising polymetallic potential, with anomalous copper (0.36%), cobalt (0.11%), and nickel (0.07%) assays.
The company is utilizing Electro Magnetic (EM) geophysics to guide exploration, identifying a new EM plate beneath old mine workings at depths between 550-700 metres from surface. This discovery suggests potential for major expansion of mineralization at the McMillan Mine, which remains open along strike and at depth on the western side.
McFarlane Lake Mining (MLMLF) has successfully closed the final tranche of its upsized private placement offering, raising a total of $1.3 million. The final tranche consisted of 2,800,000 units at $0.05 per unit and 700,000 flow-through shares at $0.07 per share, generating approximately $189,000.
The company issued a total of 25,120,000 units and 700,000 flow-through shares through the offering. Each unit includes one common share and half a warrant, with warrants exercisable at $0.07 per share until October 10, 2025.
The proceeds will primarily fund exploration activities at the company's Canadian properties, focusing on the McMillan Property, while supporting ongoing exploration at West Hawk Lake and High Lake Properties. The company is currently conducting drill testing of geophysical anomalies at the McMillan Mine site, with additional drilling results expected in the coming weeks.
McFarlane Lake Mining (CBOE:MLM)(OTCQB:MLML) has identified new geophysical drill targets at its wholly-owned McMillan Mine property near Sudbury, Ontario. The company completed a borehole electromagnetic (EM) survey on six drill holes, revealing promising targets at depth and in unexplored western areas.
Previous EM surveys from Fall 2024 proved effective, with notable results including:
- Hole MLMM-25-04: 51.65 meters of 2.0 gpt gold, including 7.5 metres of 5.5 gpt gold
- Hole MLMM-08-05W1: 31.3 m of 2.7 gpt gold, including 5 m of 10.7 gpt gold
The newly identified EM plates are more extensive, with one reaching 750 metres below surface, significantly deeper than the current known mineralization of 400m. Another plate extends 150 metres horizontally westward. The company plans to drill test these new targets, focusing on potential gold mineralization extensions plunging northwest.
McFarlane Lake Mining (OTCQB:MLMLF) has closed the first tranche of its upsized $1.3 million private placement offering on March 20, 2025. The first tranche raised approximately $1,116,000 through the issuance of 22,320,000 Units at $0.05 per Unit.
Each Unit includes one common share and one-half warrant, with each whole warrant exercisable at C$0.07 per Common Share until September 20, 2026. The company paid $65,900 to eligible finders for introducing purchasers.
Company insiders participated in the first tranche, subscribing for approximately $75,000 worth of Units. The net proceeds will primarily fund exploration activities on the company's Canadian properties, focusing on the McMillan Property, while supporting ongoing exploration at the West Hawk Lake and High Lake Properties. The second tranche is expected to close around the week of March 24, 2025.
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