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McFarlane Lake Mining Limited ( (TSE:MLM) ) has provided an announcement.
McFarlane Lake Mining has reported early success from its latest exploration campaign at the Juby Gold Project, where drilling at the 826 Zone has extended known gold mineralization by up to 80 metres and confirmed visible gold in new core, with assays pending. The company has also generated encouraging results by assaying previously unsampled historical core, identifying additional gold intervals that expand both the strike length and width of the Juby gold system; in response, McFarlane is adding further drilling at the 826 Zone and planning subsequent phases at the Golden Lake and Juby zones to test continuity and depth extensions, potentially enhancing the project’s overall resource footprint and exploration upside.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited is a Canadian exploration company focused on advancing its 100%-owned Juby Gold Project in the southern Abitibi Greenstone Belt in Ontario. The company’s primary activity is gold exploration and resource expansion through drilling and core assaying across several zones on the property, including the Juby, 826 and Golden Lake zones.
Average Trading Volume: 515,466
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$58.68M
For detailed information about MLM stock, go to TipRanks’ Stock Analysis page.