tiprankstipranks
Advertisement
Advertisement

McFarlane Lake Mining Hits High-Grade Near-Surface Gold at Juby’s 826 Zone, Expands Drill Program

Story Highlights
  • McFarlane Lake’s second 826 zone hole hit 6.58 g/t gold over 10.35 metres near surface.
  • The strong 826 zone results led the company to expand drilling to about 1,600 metres to pursue the open high-grade trend.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
McFarlane Lake Mining Hits High-Grade Near-Surface Gold at Juby’s 826 Zone, Expands Drill Program

Claim 55% Off TipRanks

McFarlane Lake Mining Limited ( (TSE:MLM) ) has provided an update.

McFarlane Lake Mining reported strong near-surface drill results from its second hole at the 826 zone on the Juby Gold Project, with hole JU8-26-142 intersecting 6.58 g/t gold over 10.35 metres within a broader interval of 3.32 g/t over 22.35 metres starting about 33 metres below surface. The high-grade hit, which follows numerous occurrences of visible gold, has prompted the company to significantly expand its drilling at the 826 zone to roughly 1,600 metres, pivoting its program to chase the emerging high-grade trend that remains open along strike and appears to extend southwest, before moving the next phase of drilling to the Golden Lake and Juby zones to test mineralization at depth.

More about McFarlane Lake Mining Limited

McFarlane Lake Mining Limited is a mineral exploration company focused on gold, with its flagship 100%-owned Juby Gold Project located west of Gowganda, Ontario, in the prolific Abitibi Greenstone Belt. The company is advancing multiple zones on the property, including the 826, Juby, Golden Lake, Big Dome and Hydro Creek areas, through drilling and geophysical exploration aimed at expanding known mineralization and defining new gold resources.

Average Trading Volume: 645,293

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$52.39M

For a thorough assessment of MLM stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1