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McFarlane Files Technical Report on Its High Grade Gold Resource on High Lake Property, Includes Technical Update on West Hawk Lake Property
Toronto, Ontario--(Newsfile Corp. - July 5, 2023) - McFarlane Lake Mining Limited (NEO: MLM) (OTC...
About this update from Mcfarlane Lake Mining Limited
[{"type":"text","content":"McFarlane Files Technical Report on Its High Grade Gold Resource on High Lake Property, Includes Technical Update on West Hawk Lake PropertyToronto, Ontario--(Newsfile Corp. - July 5, 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 filing of an independent Technical Report (the \"Technical Report\") prepared in accordance with National Instrument 43-101 for the 100% owned High Lake Property west of Kenora, Ontario and the West Hawk Lake property in Manitoba 10 kilometres west of the High Lake property. The Technical Report includes an Initial Mineral Resource Estimate (\"MRE\"), previously announced (see table 1), of the Purdex Zone on the High Lake PropertyThe Technical Report titled \"Technical Report and Initial Mineral Resource Estimate of The High Lake - West Hawk Lake Gold Project, Kenora Mining Division, Ontario and Falcon Lake Area, Manitoba\" was independently prepared by P&E Mining Consultants and is dated June 30, 2023, and supports the disclosure made by the Corporation in its May 24, 2023 press release announcing an Initial Mineral Resource Estimate. There are no differences between the Technical Report and the information disclosed in the May 24, 2023, news release.The Technical Report can be found under the Corporation's profile on SEDAR (www.sedar.com) and on the Corporation's website (www.mcfarlanelakemining.com).The MRE, independently prepared by P&E Mining Consultants Inc., has been classified in accordance with CIM Definition Standards on Mineral Resources and Mineral Reserves (CIM, 2014) and follows the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (CIM, 2019). It is based on our recently completed drilling program and mineralization modelling with an effective date of April 14, 2023. Table 1: Purdex Zone Mineral Resource at 2.6 g/t Au cut-offClassificationTonnes(k)Au(g/t)Au (k Oz)Indicated1529.3845.8Inferred28710.4396.2 NotesThe mineral resources described above have been prepared in accordance with the CIM Standards (Canadian Institute of Mining, Metallurgy, and Petroleum, 2014) and follow Best Practices outlined by CIM (2019)Underground Mineral Resources have been reported using a 2.6 g/t lower cut-off based on US$1,800/oz...