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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.

