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McFarlane Applies for Exploration Permit on Its Past Producing McMillan Mine and Mongowin Properties
TORONTO, ON / ACCESSWIRE / June 25, 2024 / McFarlane Lake Mining Limited ("McFarlane" or the "Co...
About this update from Mcfarlane Lake Mining Limited
[{"type":"text","content":"McFarlane Applies for Exploration Permit on Its Past Producing McMillan Mine and Mongowin PropertiesTORONTO, ON / ACCESSWIRE / June 25, 2024 / McFarlane Lake Mining Limited (\"McFarlane\" or the \"Company\") (NEO:MLM)(OTCQB:MLMLF), a Canadian gold exploration and development company, is pleased to announce it has applied for an early exploration permit on it's McMillan Mine and Mongowin properties' located 70 kilometers west of Sudbury, Ontario (see Figure 1).The McMillan Mine and Mill produced over 10,000 ounces of gold in the 1930's. More recently (2000 to 2006) drilling returned high grade historical gold intercepts in areas below old mine workings. Historical drilling in drill hole MM-05-13 intersected gold grades of 7.2 grams per tonne gold over an intersection of 21.3 meters while drill hole MM-05-04 intersected 11.2 grams per tonne gold over 4.7 meters. There was no follow up drilling on these intercepts under previous ownership. The intercepts are shown in Figure 2 along with a longitudinal section of the mine which illustrates some of the past underground workings of the mine.In addition to the McMillan Mine, McFarlane also has a significant land position in the adjacent Mongowin property. Mongowin has the past producing gold mine of Fox Lake Gold Mine which was developed next to the Fox Lake Fault (Figure 3). The Fox Lake fault runs northeast and southwest and intersects the House Lake fault. There is potential for more gold resources to be found around these two fault systems through future exploration.The company has applied for an early exploration permit covering the areas around the McMillan Mine and the Fox Lake trend in the area near the old Majestic Mine (Figure 1). A drilling program is planned for the fall of this year including line cutting for an extension of an Induced Polarization Survey east of the McMillan mine and diamond drilling in area of the McMillan Mine to confirm historical high grade gold intersections and to potentially expand gold mineralization to the east, west and at depth (Figure 3).Figure 1 - Regional MapFigure 2 - McMillan Mine - Historical Longitudinal SectionFigure 3 McMillan Mine - Proposed Diamond Drilling ExplorationHistorical InformationHistorical information has been taken from the \"Technical Report on the McMillan Gold Mine Property compiled for Garson Resources 2006, by H.R. B...