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

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

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An update from McFarlane Lake Mining Limited ( (TSE:MLM) ) is now available.

McFarlane Lake Mining has reported a high-grade, near-surface gold intersection from its second drill hole in the current program at the 826 zone of its Juby Gold Project in Ontario, with hole JU8-26-142 returning 6.58 g/t gold over 10.35 metres within a broader interval of 3.32 g/t gold over 22.35 metres starting about 33 metres below surface. The encouraging results, which extend mineralization to the southwest and remain open along strike, have prompted the company to substantially expand drilling in the 826 zone to roughly 1,600 metres under the current program and to plan follow-up geophysics and subsequent drilling at other zones, signalling increased exploration momentum and potential resource growth at Juby.

More about McFarlane Lake Mining Limited

McFarlane Lake Mining Limited is a Canadian mineral exploration company focused on gold, with its key assets including the 100%-owned Juby Gold Project in the Abitibi Greenstone Belt in Ontario. The company is engaged in drilling and exploration to expand and delineate gold resources across several zones on the property, including the 826, Juby, Golden Lake, Big Dome and Hydro Creek zones.

Average Trading Volume: 645,293

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$52.39M

See more data about MLM stock on TipRanks’ Stock Analysis page.

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