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The latest update is out from McFarlane Lake Mining Limited ( (TSE:MLM) ).
McFarlane Lake Mining Limited has announced significant results from its recent exploration drilling at the McMillan Mine property, extending gold mineralization 80 meters to the west and at depth to 530 meters from the surface. The drilling results demonstrate the effectiveness of EM geophysics in identifying gold mineralization, with visible gold present in the targeted zones. This expansion of the mineralized envelope is part of the company’s near-term exploration goals, indicating potential growth in their gold resources. Additionally, the company announced the retirement of COO Roger Emdin, who will continue as a board member and consultant.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited is a Canadian gold exploration and development company focused on expanding its gold resources. The company operates primarily in the Sudbury, Ontario region, where it owns the McMillan Mine property.
Average Trading Volume: 191,197
Current Market Cap: C$8.12M
Learn more about MLM stock on TipRanks’ Stock Analysis page.