High
McFarlane completed 46 holes totalling 10,437 metres in the
The 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
About
McFarlane Lake is a mineral exploration company focused on the exploration and development of the
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This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation, including but not limited to the proposed use of proceeds of the Offering and the anticipated closing date of the Offering. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
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McFarlane Lake's' operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.
Contact:
Tel: (705) 562-8520
Email: mtrevisiol@mcfarlanelakemining.com
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