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McFarlane Lake Mining: Geophysical Survey and Diamond Drilling Confirm Gold Mineralization Remains Open to East and at Depth in Purdex Zone
Geophysical anomaly over the existing gold mineralized zone extends eastward along strike for 300...
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[{"type":"text","content":"McFarlane Lake Mining: Geophysical Survey and Diamond Drilling Confirm Gold Mineralization Remains Open to East and at Depth in Purdex ZoneGeophysical anomaly over the existing gold mineralized zone extends eastward along strike for 300 metres - five priority geophysical targets identified at McFarlane's High Lake property.Toronto, Ontario--(Newsfile Corp. - April 11, 2023) - McFarlane Lake Mining Limited (NEO: MLM) (OTCQB: MLMLF) (\"McFarlane Lake\" or the \"Company\"), a Canadian gold exploration and development company, today announced the final assays returned on its recent drilling on the High Lake Property and the results of its induced polarization geophysical survey that has indicated a number of prospective exploration targets. High Lake Drilling resultsMcFarlane completed 46 holes totalling 10,437 metres in the Purdex Zone, which delivered multiple world-class gold intersections, previously reported, both near surface and at depth, including; December 12, 2022 - 9.82 g/t gold over 9.75 metres within 20 metres from surfaceJanuary 9, 2023 - 24.96 g/t gold over 14.9 metres, 325 metres from surface January 26, 2023 - 13.52 g/t gold over 6.5 metres, 229 metres from surface February 7, 2023 - 148.37 g/t gold over 1.3 metres February 28, 2023 - 6.14 g/t gold over 24.55 metres within 15 metres of surfaceMarch 6, 2023 - 9.2 g/t gold over 26.4 metres 280 metres from surfaceThe final assays to be returned on this drill program include drilling in hole MLM-23-43, which intersected 8.27 g/t gold over 3.95 metres from 251.4 to 255.3 and21.10 g/t gold over 0.33 metres from 248.7 to 249.0 as measured in drill core length from surface. The elevation of the intersections was 201 metres and 198 metres below surface, respectively. These intersections are the furthest east testing of the zone at this elevation, leaving the zone open for expansion with further drilling to the east and at depth.\"With the completion of the drilling and IP surveying programs, we continue to see opportunities for expansion of known zones on the property and continued development of a resource base on the High Lake property,\" said Bob Kusins, VP Geology of McFarlane Lake. \"Further drilling is warranted on these highly prospective targets.\"The mineralized zone and our current drill results to date with multiple high-grade intersections are shown in Figure 1 b...