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McFarlane Lake Mining provides an update on exploration activities at the McMillan Gold Mine, including a geophysical survey conducted by Dan Patrie Exploration Results are pending, but historical data show high-grade gold intercepts. The company also holds a significant land position in the adjacent Mongowin property, with compliant gold resources at the High Lake Property near Kenora, Ontario.
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McFarlane Lake Mining provides an update on exploration drilling progress at the High Lake property, revealing gold mineralization extensions. CEO Mark Trevisiol expresses optimism about further drilling to enhance the resource base. The company's current program follows a previous NI 43-101 compliant Mineral Resource Estimate, indicating significant gold reserves.
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McFarlane Lake Mining Limited announces the completion of a Prospectivity Analysis using AI on their High Lake property, revealing new exploration targets. The study validates the high-quality resource at the Purdex Zone and identifies additional targets. The company is currently drilling a 10,000-meter program at the Purdex Zone after a Mineral Resource Estimate reported 96,200 Inferred ounces and 45,800 Indicated ounces of gold.
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McFarlane Lake Mining Limited announces the addition of four additional claims on its High Lake property, increasing its land position to 626.00 hectares. The historical drilling results show promising gold intercepts, with highlights including 168 grams per tonne gold over 2.4 metres. The company is currently conducting a 10,000-meter drill program at the Purdex Zone following the identification of significant gold resources in a recent NI 43-101 compliant technical report.
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McFarlane Lake Mining Limited (MLMLF) selected to showcase drill core at PDAC Convention 2024, highlighting High Lake gold project near Kenora, Ontario.
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McFarlane Lake Mining Limited (NEO:MLM)(OTCQB:MLMLF) announces the approval of 5,650,000 stock options and 3,600,000 restricted shares units for certain directors, officers, and consultants. The Options are exercisable at $0.09 per share until December 27, 2028, and the RSUs will vest according to the award agreements.
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McFarlane Lake Mining Limited (NEO:MLM)(OTCQB:MLMLF) announced the initiation of a diamond drilling campaign on its High Lake property to expand its gold resources. The program will consist of approximately 10,000 meters of diamond drilling to expand known gold resources and test for continuity of the zone to the East, West, and at depth. Previous drilling has delineated three mineralized zones with significant high-grade intersections. The company has raised over $4.6 million in a recent private placement, allowing them to resume exploration activities and seek to expand their high-grade mineral resource estimate on the Purdex Zone and follow up on other high-priority targets. In July 2023, McFarlane Lake filed an NI 43-101 compliant technical report that identified 96,200 Inferred ounces and 45,800 Indicated ounces of gold at a grade of 10.43 grams per tonne of gold and 9.38 grams per tonne of gold, respectively, in the Purdex Zone.
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McFarlane Lake Mining Limited (NEO:MLM)(OTCQB:MLMLF) closed the Final Tranche of its non-brokered private placement offering, raising approximately $933,479. The Company intends to use the net proceeds to explore West Hawk Lake and High Lake properties and for general working capital purposes. The Offering remains subject to final acceptance by the Neo Exchange Inc. and all regulatory approvals.
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1.54%
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McFarlane Lake Mining Limited has closed the first tranche of its non-brokered private placement offering, raising approximately $3,671,620. The company has upsized the offering to a total of $4,600,000 due to strong investor demand.
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McFarlane Lake Mining has started environmental baseline studies on its High Lake property to support future permitting efforts. The studies will include surface and groundwater sampling, a species-at-risk study, and a preliminary geochemical characterization. EAG Inc. will lead the studies.
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