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High-Grade Gold Samples Returned in Areas Targeted in Future McFarlane Lake Mining Drilling Campaign - Supports Recent Geophysical Survey Identifying These Areas as Priority Targets
Recent Surface Fieldwork on the High Lake Property Has Identified Gold Mineralization 350m East a...
About this update from Mcfarlane Lake Mining Limited
[{"type":"text","content":"High-Grade Gold Samples Returned in Areas Targeted in Future McFarlane Lake Mining Drilling Campaign - Supports Recent Geophysical Survey Identifying These Areas as Priority TargetsRecent Surface Fieldwork on the High Lake Property Has Identified Gold Mineralization 350m East and 120m 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 ZoneToronto, Ontario--(Newsfile Corp. - June 19, 2023) - McFarlane Lake Mining Limited (NEO: MLM) (OTCQB: MLMLF) (\"McFarlane Lake\" or the \"Company\"), a Canadian gold exploration and development company, is pleased to announce the Initial results of a surface field work (\"prospecting\") program on the Purdex Zone our 100% owned High Lake Property west of Kenora, Ontario. A recent press release of May 23, 2023 (see link ni-43-101-high-lake-may-23-2023/) has established a Mineral Resource Estimate for the Purdex Zone of 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.Purdex Zone Mineral Resource at 2.6 g/t Au cut-offClassificationTonnes(k)Au(g/t)Au (k Oz)Indicated1529.3845.8Inferred28710.4396.2 The program was successful in outlining numerous anomalous areas with 12 samples returning values containing gold. Gold samples were returned in 4 target areas identified in the recent geophysical survey (company announcement of April 11, 2023). The highest-grade gold samples collected in the recent field work were obtained west of the recently drilled Purdex Zone (15.9 grams per tonne gold) and east of the Purdex Zone (9.35 grams per tonne gold). The Eastern and Western area of Purdex is a top target area as identified from the Geophysical survey. The gold samples from these areas were in elevated areas of conductivity supporting geophysical data as having the potential to contain gold mineralization. Of key interest are samples which returned up to 1.55 grams per tonne gold with associated copper values up to 0.87 % in the Porphyry Zone. This is described in more detail below. A map outlining the sample locations with gold values is shown on Figure 1.Figure 1 - Prospecting and Sampling Gold and Copper ResultsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8133/170...