Drilling Program at
Drilling has intersected 24.96 g/t gold over 14.90 metres in hole MLHL-22-06 from 325.56 to 340.46 metres as measured in drill core length from surface. This intersection includes 43.22 g/t of gold over 7.99 metres and 53.87 g/t of gold over 3.15 metres. Visible gold was evident within these higher-grade gold intervals. Further drilling in hole MLHL-22-04 intersected 32.58 g/t gold over 1.45 metres higher on the same section within the Purdex A zone.
'We are starting to establish some good gold mineralization trends. We are especially pleased with the continuity demonstrated from our surface intercepts to 300 metres from surface,' said
Figure 2 outlines all the historical gold mineralized zones on McFarlane's
Results from the recently completed six holes continue to demonstrate the high-grade nature of the
Drilling on the first section, as shown in Figure 1, has outlined a steeply dipping echelon vein system occurring within a structural zone at or about the contact between quartz-feldspar porphyry and mafic volcanics. The porphyry and mafics are often highly sheared and may display silicification or sericitization. The veins are typically quartz-tourmaline, with tourmaline occurring within and along the vein contacts. The veins generally have low sulphide content, often mineralized with up to 1% pyrite, pyrrhotite and chalcopyrite, with occasional lesser sphalerite and arsenopyrite. Gold occurs within quartz-tourmaline veins and the adjacent sheared and altered host lithologies.
The Exploration Program, which started early in November, consists of ground geophysical data collection and its interpretation, accompanied by an 8,000 to 10,000-metre program of diamond drilling. To date, McFarlane has completed 32 holes totalling 7,274 metres and received assays for 11 holes. A key focus is the
The positive results from the current drilling program follow the previously reported drilling on the
QA/QC Control Procedures
McFarlane Lake has implemented a Quality Assurance/ Quality Control (QA/QC) program consistent with industry best practices. The drill core is being logged and sampled at a nearby facility with sawn half-core samples, including QA/QC samples, being sent to an accredited lab (Actlabs) in
Qualified Person
The technical contents of this news release have been reviewed and approved by
About
McFarlane is a mineral exploration company focused on exploring and developing the
Additional information on McFarlane can be found by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Note Regarding Forward-Looking Information
This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. 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, including without limitation; anticipated results of geophysical surveys or drilling programs, estimated timing, geological interpretations and potential mineral recovery processes. 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.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of McFarlane to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption 'Risk Factors' in the Filing Statement dated as of
McFarlane'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:
Chief Operating Officer
T: (705) 562-8520
E: remdin@mcfarlanelakemining.com
T: (416) 525-5709
E: cmacphail@national.ca
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