202632 releases
McFarlane Lake Mining Outlines Fully Funded 50,000-metre Phase 2 Drilling Program at Juby Gold Project
A fully funded 50,000-metre Phase 2 drilling program is planned over 12-15 months at the 100%-owned Juby Gold Project west of Gowganda, Ontario, with three drills deployed before November 1, 2026 — two on resource expansion and one on infill drilling and new targets — funded by September 2026 financing that raised C$17.25 million gross. A scoping study starts this quarter with results by late Q2 2027, and an advanced exploration closure plan submission is targeted for early 2027. McFarlane also granted 7,270,000 options and RSUs, with options exercisable at $0.48.
Drill resultsMcFarlane Lake Mining Appoints Gilbert Lamarche, P.Eng., as Chief Operating Officer
Gilbert Lamarche, P.Eng., has been appointed Chief Operating Officer of McFarlane Lake Mining, effective October 15, 2026, and will receive stock options and restricted share units under the company's executive compensation package. Lamarche was most recently COO of Foran Mining Corporation and previously spent more than 15 years with Vale. He joins as McFarlane advances its Juby Gold Project near Gowganda, Ontario, where work includes scoping, metallurgical and environmental baseline studies and pursuit of an Advanced Exploration Permit.
ManagementMcFarlane Files Updated Mineral Resource Estimate on Juby Gold Project
An updated NI 43-101 mineral resource estimate for the Juby Gold Project near Gowganda, Ontario has been filed on SEDAR+, reporting 1.07 million indicated ounces of gold at 0.96 g/t in 34.68 million tonnes and 5.09 million inferred ounces at 0.87 g/t in 183.05 million tonnes, using a US$3,600/oz gold price, 92% recoveries and cut-offs of 0.25 g/t (open pit) and 1.60 g/t (underground). Compared with the August 17, 2026 estimate, inferred ounces rose 30,000 and indicated fell 70,000 after a pit boundary correction. The drilling permit was extended and two more drills are being added this month, for three by end of October.
Resource updateMcFarlane Lake Mining to Participate in Gentile Mining Investor Forum and European Roadshow
McFarlane Lake Mining will take part in the inaugural Gentile Mining Investor Forum in London on Monday, October 19, 2026, and the Michael Gentile Mining & Metals European Roadshow in Paris, Frankfurt, Zurich and Munich from October 20 to 23, with one-on-one investor meetings and hosted lunch presentations in each city. It is one of six companies from Michael Gentile's portfolio joining the full five-city program, presented with Amvest Capital Inc.
CorporateMcFarlane Lake Mining to be Featured on BTV Segment Airing on BNN Bloomberg
McFarlane Lake Mining Limited (CSE: MLM, OTC: MLMLF, FRA: W2Z) will be featured in a BTV – Business Television segment titled BTV Explores: What Investors Should Look for in Mining Companies, which includes commentary from strategic investor Michael Gentile and features several other sector companies. The segment airs on BNN Bloomberg on Wednesday, September 16, 2026, at 7:30 p.m. ET, with a repeat on Saturday, September 19, 2026, at 8:00 p.m. ET, plus U.S. broadcasts on the Biz Television Network between September 20 and September 25, 2026.
CorporateMcFarlane Lake Mining Closes $17.25 Million Bought Deal Private Placement
A bought deal private placement closed for aggregate gross proceeds of $17,250,618, comprising 23,334,000 flow-through shares at $0.525 for $12,250,350 and 13,158,600 common shares at $0.38 for $5,000,268, after the underwriters fully exercised their option for an additional 2,381,000 FT Shares and 2,631,600 HD Shares for $2,250,033 in extra proceeds. ATB Cormark Capital Markets acted as lead underwriter and sole bookrunner with Integrity Capital Group Inc. and Canaccord Genuity Corp., receiving a 6.0% cash commission.
FinancingMcFarlane Lake Mining Announces C$15 Million Bought Deal Private Placement
A bought deal private placement for aggregate gross proceeds of $15,000,585 has been agreed with ATB Cormark Capital Markets as lead underwriter and sole bookrunner, comprising 20,953,000 flow-through shares at $0.525 and 10,527,000 common shares at $0.38. The underwriters hold an option for up to 5,921,284 additional HD Shares for up to $2,250,088. Flow-through proceeds will fund Canadian exploration expenses at the Juby Project in Ontario; closing is expected on or about September 9, 2026.
FinancingMcFarlane Lake Mining annonce un placement privé par voie de prise ferme de 15 millions de dollars canadiens
A C$15,000,585 bought-deal private placement has been agreed with ATB Cormark Capital Markets as lead underwriter, comprising 20,953,000 flow-through shares at $0.525 for gross proceeds of $11,000,325 and 10,527,000 common shares at $0.38 for $4,000,260. Underwriters hold an option on up to 5,921,284 additional shares for up to $2,250,088. Flow-through proceeds will fund exploration at the Juby gold project in Ontario; closing is expected on or about September 9, 2026.
FinancingMcFarlane Lake Announces Extension of US$1.69 Million of Remaining Debentures to October 31, 2027
The maturity date on approximately US$1,695,000 aggregate principal of McFarlane Lake Mining's 15.0% Senior Secured Debentures has been extended from October 26, 2026 to October 31, 2027, with written consent obtained from all debenture holders and implemented via a supplemental indenture to the September 29, 2025 trust indenture with Odyssey Trust Company. The amendments also eliminate the obligation to fund and top up the interest reserve, with existing reserve amounts remaining available for interest payments or released to the Company. Interest stays at 15.0% per annum, payable quarterly in arrears.
FinancingMcFarlane Increases Gold Mineral Resources on Its Juby Gold Project
An updated mineral resource estimate for the Juby Gold project near Gowganda, Ontario, effective August 14, 2026, reports 5.06 million inferred ounces at 0.87 g/t gold in 180.67 million tonnes and 1.14 million indicated ounces at 0.95 g/t gold in 37.17 million tonnes, using a US$3,600/oz gold price — increases of 59% and 13% over the September 29, 2025 estimate. At US$4,600/oz gold, the figures rise to 5.40 million inferred and 1.20 million indicated ounces. A new 826 Zone pit-constrained inferred resource of 1.82 Mt at 1.29 g/t was defined from 2,200 metres of drilling.
Resource updateMcFarlane Lake Announces Completion of Strategic Investment in iMetal Resources, Inc.
A strategic investment in iMetal Resources, Inc. (TSXV: IMR) has closed, with McFarlane Lake Mining acquiring 14,200,852 units at $0.10 per unit for $1,420,085, representing about 19.9% of iMetal's outstanding shares. Each unit includes one warrant exercisable at $0.175 for three years, which if fully exercised would bring ownership to about 33.2% partially diluted. An investor rights agreement grants McFarlane one board nominee, participation rights in future equity issuances, and potential technical oversight of iMetal's Gowganda property.
FinancingMcFarlane Lake Announces Proposed Strategic Investment in iMetal Resources, Inc.
A subscription agreement will see McFarlane Lake Mining buy 14,200,852 units of iMetal Resources at $0.10 per unit for $1,420,085, giving it 19.9% of iMetal's outstanding shares; each unit includes one warrant exercisable at $0.175 for three years. An investor rights agreement grants McFarlane one board nominee, participation rights in future equity issuances, and potential technical oversight on iMetal's Gowganda property. Closing requires TSXV and CSE approval. McFarlane also extended its marketing agreement with The Market Link for four months from July 26, 2026 for US$110,000.
FinancingMcFarlane Lake Pays Down Debt US$10.96 Million Partial Redemption of Secured Debentures
Notice has been given to Odyssey Trust Company and debentureholders of a partial redemption of US$10,960,534 of the remaining US$12,655,531 principal amount of 15% senior secured debentures maturing October 26, 2026, leaving approximately US$1,695,000 outstanding, with an effective redemption date expected of July 31, 2026. Funds came from warrant exercises announced July 6, 2026, a C$6,750,000 private placement announced June 5, 2026, and existing cash. Participating holders receive principal plus interest accruing to maturity.
FinancingMcFarlane intersects 179 metres (m) of 0.87 grams/tonne (g/t) Gold and 155 m of 0.9 g/t Gold
Drilling at the Golden Lake deposit on the 100%-owned Juby Gold Project near Gowganda, Ontario returned 179.10 m of 0.87 g/t gold from 34 m in hole GL-83A, including 15.55 m of 1.58 g/t and 6.9 m of 2.33 g/t, and 155 m of 0.9 g/t gold from 65.85 m in hole GL-83, including 11.4 m of 2.37 g/t. Hole GL26-87 returned 93 m of 0.89 g/t gold, extending strike length to 1.9 km from 0.75 km. Eight holes over 1,350 m were drilled at the 826 Zone, with assays pending. All assays for the updated MRE have been received, with issuance expected in the next two to three weeks.
Drill resultsMcfarlane Lake Announces C$6.2 Million in Warrant Exercises
Exercise instructions have been received for 41,507,200 warrants at C$0.15, expected to yield C$6,226,080 and 41,507,200 new common shares; the warrants were issued with the September 29, 2025 debenture offering and represent about 86% of the 48,000,000 issued, leaving 6,492,800 outstanding expiring September 29, 2028. Proceeds are intended for a pro rata redemption of Debentures, subject to Debentureholder approval. With the C$6.75 million private placement announced June 5, 2026, remaining Debenture principal is expected to be about US$1,711,872.
FinancingMcFarlane Intersects 155 metres of 0.59 g/t Gold
Drilling at the Golden Lake Zone of the 100%-owned Juby Gold Project west of Gowganda, Ontario returned 155 m of 0.59 g/t gold in hole GL26-84, including 75.8 m of 0.70 g/t Au with 3.0 m of 1.91 g/t and 3.5 m of 1.80 g/t; hole GL26-85 returned 92.7 m of 0.64 g/t Au, and infill hole GL26-77B returned 47.0 m of 0.70 g/t Au including 13.1 m of 1.92 g/t. An updated mineral resource estimate by BBA E&C Inc., delayed about two weeks to add a drill hole, is expected in three to four weeks, with a PEA planned later this year.
Drill resultsMcFarlane Lake Mining Provides Update on Investor Relations and Marketing Service Engagements
Three investor relations and marketing engagements have been continued or renewed. The Market Link agreement, originally dated November 14, 2025, was extended on March 19, 2026 for a further four months for US$110,000 in cash. An addendum dated March 18, 2026 extended the Emerging Markets Consulting agreement by three months for US$100,000. The Alliance Advisors IR agreement from October 22, 2025 renews automatically, with a quarterly fee of $37,500, and has not been terminated.
CorporateMcFarlane Lake Announces Closing of $6.75 Million Investment Led by Strategic Investors – Michael Gentile and Pierre Beaudoin
A non-brokered private placement closed for gross proceeds of $6.75 million, with Michael Gentile subscribing for $6.35 million and Pierre Beaudoin the balance. Units were priced at $0.12, each comprising one common share and one warrant exercisable at $0.16 for 36 months. Proceeds may repay a portion of outstanding debentures, advance exploration and development at the Juby Gold Project in Ontario, and fund working capital. Gentile now holds 52,916,666 shares, about 9.83%, and 19.67% assuming warrant exercise.
FinancingMcFarlane Lake Announces Participation in The Mining Investment Event, Québec City, June 2–4, 2026
McFarlane Lake Mining will participate in The Mining Investment Event at the Québec Convention Centre in Québec City on June 2–4, 2026, with management holding one-on-one scheduled investor meetings throughout the three-day conference. The company's flagship Juby Gold Project near Gowganda, Ontario hosts an NI 43-101 resource effective September 29, 2025 of 1.01 million ounces of indicated gold at 0.98 g/t (31.74 million tonnes) and 3.17 million inferred ounces at 0.89 g/t (109.48 million tonnes).
CorporateMcFarlane Lake Announces $6.75 Million Investment Led by Strategic Investors – Michael Gentile and Pierre Beaudoin
A non-brokered private placement for gross proceeds of up to approximately $6.75 million has been arranged, with Michael Gentile subscribing for up to $6.35 million and Pierre Beaudoin taking the balance. Units are priced at $0.12, each comprising one common share and one warrant exercisable at $0.16 for 36 months. Proceeds may repay part of the Company's outstanding debentures and advance the Juby Gold Project in Ontario. Gentile is expected to hold about 19.67% on a partially diluted basis; closing requires CSE approval.
FinancingGeophysical Trend At 826 Zone Aligns With Latest Gold Intercepts
A completed 3D induced polarization model over the 826 Zone at the 100%-owned Juby Gold Project west of Gowganda, Ontario has generated new drill targets along the interpreted 826 Zone trend. A third drill is being mobilized to test potential strike extensions toward Golden Lake, about 1.6 km northwest, with 10-12 holes totalling 1,000 m planned. Approximately 10,000 m of the planned 13,000 m program has been completed, with two drills active at Golden Lake.
Drill resultsMcFarlane Intersects 109.6 metres at 0.69 g/t Gold, Drilling at Golden Lake Extends Gold Mineralized Envelope to 750 metres
Drill hole GL 26-74 at the Golden Lake Zone of the 100%-owned Juby Gold Project near Gowganda, Ontario, returned 109.6 m of 0.69 g/t gold, including 23.4 m of 1.24 g/t and 6.3 m of 2.47 g/t, while GL 26-76 returned 174.65 m of 0.35 g/t gold, including 21 m of 0.65 g/t and 3 m of 3.11 g/t. The gold mineralized envelope now extends over 750 metres along strike, with about 7,500 m drilled of a planned 13,000 m. An updated resource statement is planned for June, and a 50,000-tonne bulk sample in 2027.
Drill resultsMcFarlane Lake Mining Fast-Tracks Juby Gold Project Growth, Initiating MRE Update and Advancing the Extraction of Bulk Sample of Gold Mineralization
An updated NI 43-101 Mineral Resource Estimate for the 100%-owned Juby Gold Project near Gowganda, Ontario is scheduled for release in June 2026, incorporating current drilling at the Golden Lake deposit, where mineralization has been traced over 400 metres along strike with intercepts from 92 metres at 0.95 g/t gold to 208 metres at 0.88 g/t gold. Eight holes totalling 5,200 m are complete at Golden Lake, with seven holes for 4,000 m planned. The company will submit a Notice of Project Status for a 50,000 tonne bulk sample, targeted for 2027.
Resource updateNew Drilling Intersects 136 metres of 0.67 g/t Gold
Drill hole GL 26-73A at the Golden Lake Zone on the 100%-owned Juby Gold Project west of Gowganda, Ontario, returned 0.67 g/t gold over 136 m, including 19.55 m of 1.51 g/t and 51.35 m of 0.78 g/t. Previously reported hole GL 26-71 was restated as 208.2 m of 0.88 g/t gold, including 95.4 m of 1.36 g/t. About 6,000 m of a planned 13,000 m has been drilled; Golden Lake drilling will be increased by at least 1,000 m.
Drill resultsMcfarlane Lake Announces Warrant Extension
The expiry date of 3,642,500 share purchase warrants, each exercisable at $0.20 per common share, has been extended from April 13, 2026 to July 12, 2026, with approval from the Canadian Securities Exchange. The warrants were issued in connection with a non-brokered private placement that closed on April 13, 2023, and none have been exercised to date. All other terms and conditions remain unchanged.
CorporateDrilling intersects 92.6 metres (m) of 0.95 g/t gold
Drill hole GL 76-72 at the Golden Lake Zone of the 100%-owned Juby Gold Project west of Gowganda, Ontario, returned 0.95 g/t gold over 92.6 m, including 23.9 m at 1.72 g/t and 7.15 m at 3.46 g/t, extending mineralization beyond the September 29, 2025 resource estimate. Holes GL 76-73A and GL 76-74 logged mineralization, with 73A showing over 100 m continuous, and are awaiting assay. About 5,000 m of a planned 13,000 m has been drilled, with Golden Lake drilling to increase by 1,000–1,500 m.
Drill resultsDrilling at Juby Gold Project Intersects 95.4 metres(m) at 1.36 g/t gold
Drill hole GL 26-71 at the Golden Lake Zone of the 100%-owned Juby Gold Project west of Gowganda, Ontario returned 1.36 g/t gold over 95.4 metres, including 55.4 metres at 1.96 g/t and 9.9 metres at 3.22 g/t, with some assays pending; the intersection lies outside the September 29, 2025 resource estimate. Drilling has also expanded the 826 Zone mineralized envelope to about 300 metres along strike. A second diamond drill is planned to start in the second week of March 2026, within a 13,000 metre program.
Drill resultsMcFarlane Lake Mining Commences Trading on Frankfurt Exchange and Announces Participation in Upcoming Investor Conferences
McFarlane Lake Mining shares have begun trading on the Frankfurt Exchange under the symbol W2Z, adding to its CSE (MLM) and OTC (MLMLF) listings. The company will participate in the Red Cloud Pre-PDAC 2026 Mining Showcase on February 26–27, 2026, with CEO Mark Trevisiol presenting February 26 at 2:40pm ET, the PDAC 2026 Convention from March 1–4, 2026, and the Precious Metals Summit Investor Exchange in Toronto on March 2–3. Its flagship asset is the Juby Gold Project near Gowganda, Ontario.
CorporateNear Surface Intersection Yields 6.58 g/t gold over 10.35 metres
Drill hole JU8-26-142 at the 100%-owned Juby Gold Project west of Gowganda, Ontario, intersected 6.58 g/t gold over 10.35 metres within a broader 3.32 g/t gold over 22.35 metres, from 33.35 m to 43.7 m, in the 826 zone. The hole had previously logged 20 occurrences of visible gold. McFarlane is adding a further 400 metres of drilling, bringing added drilling in the 826 zone to 1,000 metres and program totals there to roughly 1,600 metres.
Drill resultsEarly Drilling Extends Gold Mineralization
Early drilling at the 826 Zone on the 100%-owned Juby Gold Project west of Gowganda, Ontario extended known gold mineralization by up to 80 metres, with hole JU826-141 returning 2.09 g/t Au over 4.17 m within 0.70 g/t Au over 28.17 m from 19.83 m; hole JU826-142 logged 20 occurrences of visible gold over 11 metres, assays pending. An additional 500 to 600 metres of drilling was approved. Assays of previously unsampled 2003–2011 core returned 7.2 g/t Au over 1.2 m in JU-03-36.
Drill resultsMcFarlane Lake Announces Appointment of New Director
Steve Kaszas has joined the board of directors of McFarlane Lake Mining Limited (CSE: MLM; OTCQB: MLMLF) effective January 20, 2026. Kaszas has over four decades of experience in financial services, beginning at Burns Fry in 1983 and serving as a senior leader with The Altberg Kaszas Group at BMO Nesbitt Burns. The company's flagship asset is the Juby Gold Project near Gowganda, Ontario.
ManagementMcFarlane Lake to Attend Vancouver Resource Investment Conference and Announces Engagements of Market Link and Emerging Markets Consulting
Participation in the Vancouver Resource Investment Conference on January 25–26, 2026 at the Vancouver Convention Centre was confirmed, with management available to discuss the flagship Juby Gold Project near Gowganda, Ontario. The company also engaged The Market Link under a four-month issuer advertising agreement, and Emerging Markets Consulting effective December 1, 2025 through on or about May 25, 2026 for US$100,000 cash. Both parties are arm's length and no securities will be issued as compensation.
Corporate
202534 releases
McFarlane Commences Exploration Drilling at Juby Gold Project
Exploration drilling has begun at the 100%-owned Juby Gold Project west of Gowganda, Ontario, with 12,000 to 13,000 metres planned and completion expected by May 2026. The first hole, in the 826 zone, follows up a 2013 intercept, with two more holes planned there; the bulk of drilling will target the Golden Lake and Juby zones mainly at depth. The property covers 8.7 kilometres of strike across four mineralized zones.
Drill resultsMcFarlane Receives Exploration Permit
An Exploration Permit has been received for the 100%-owned Juby Gold Project west of Gowganda, Ontario, authorizing diamond drilling, line cutting, geophysical surveys and related support work ahead of the 2025-26 drill campaign. Drilling contracts were awarded to two Indigenous-led groups: Bagone'an, majority-owned by Atikameksheng Anishnawbek First Nation with Jacob & Samuel Drilling, and Wiijiiwaagan Drilling Limited Partnership, owned by Matachewan First Nation Limited Partnership and Longyear Canada.
CorporateMcFarlane Targets Resource Expansion at Juby Gold Project
A 12,000 to 13,000 metre diamond drilling program for 2025–2026 has begun at the 100%-owned Juby Gold Project west of Gowganda, Ontario, targeting an additional 15 to 30 million tonnes of mineralization at an estimated 0.9 to 1.1 g/t gold around the Golden Lake and Juby east and west zones. A parallel program will sample 2,000 metres of historic drill core, the first phase of about 10,000 metres of previously unsampled core. Baseline environmental studies commenced December 1, 2025.
Resource updateMcFarlane Initiates Environmental Baseline Study Work For Juby
Pinchin Ltd. has been engaged to complete baseline environmental studies at the Juby Gold Project, located approximately 15 kilometres west of Gowganda, Ontario, to support future permitting and development planning. The scope includes a hydrogeological and hydrological baseline study required under the Mine Rehabilitation Code of Ontario, geochemical testing for acid rock drainage and metal leaching, and terrestrial and aquatic baseline programs. Juby hosts an NI 43-101 resource of 1.01 million ounces Indicated at 0.98 g/t gold and 3.17 million ounces Inferred at 0.89 g/t gold.
CorporateMcFarlane Files Mineral Resource Estimate on Juby Gold Project
A NI 43-101 mineral resource estimate for the Juby Gold Project near Gowganda, Ontario has been filed on SEDAR+, with an effective date of September 29, 2025: 1.01 million indicated ounces at 0.98 g/t gold (31.74 million tonnes) and 3.17 million inferred ounces at 0.89 g/t gold (109.48 million tonnes), using US$2,500/oz gold and cut-offs of 0.25 g/t open pit and 1.85 g/t underground. At US$3,750/oz, the estimate rises to 1.20 million indicated and 4.23 million inferred ounces. An exploration permit application has been submitted.
Resource updateMcFarlane Lake Announces Partial Redemption of Senior Secured Debentures Following Sale of West Hawk Lake and High Lake
US$2,344,469 of McFarlane Lake Mining's US$15,000,000 aggregate principal amount of 15% senior secured debentures maturing October 26, 2026 were redeemed early as of November 11, 2025, after holders consented on October 24, 2025 to waive the indenture's 60-day notice requirement. Holders will receive approximately US$167.92 per US$1,000 principal amount, including accrued interest and the early repayment premium. The payment represents 50% of net cash proceeds from the October 28, 2025 sale of West Hawk Lake and High Lake.
FinancingMcFarlane Lake Amends Grant of Stock Options
The exercise price on 35,100,000 stock options granted November 2, 2024 to directors, officers, employees and consultants has been amended to $0.15 per share from $0.10, with expiry remaining November 2, 2030. The change aligns with the Company's LIFE offering completed at $0.15 per share in two tranches on September 26, 2025 and October 9, 2025. The amendment is subject to Canadian Securities Exchange acceptance and execution of option agreements; all other terms, including vesting, are unchanged.
CorporateMcFarlane Lake Mining Provides Update on Juby Gold Project
A review of over 110,000 metres of historic drill core from 2000-2011 at the Juby Gold Project near Shining Tree, Ontario identified nearly 10,000 metres of previously unsampled core, with about 2,000 metres prioritized and being processed; assays are expected in the coming weeks. The company has hired Northern Ontario–based geologists and technicians and is preparing a 10,000-to-15,000-metre diamond drill program. Juby hosts 1.01 million ounces Indicated at 0.98 g/t gold and 3.17 million ounces Inferred at 0.89 g/t gold. The board granted 35,100,000 options at $0.10 until November 2, 2030.
CorporateMcFarlane Lake Mining to Present at Red Cloud Fall Mining Showcase 2025
McFarlane Lake Mining will participate in the 2025 Red Cloud Fall Mining Showcase on November 4–5, 2025 at the Sheraton Centre Toronto Hotel, Toronto, Ontario, presenting November 4 at 3:20pm ET, with CEO Mark Trevisiol and CFO Brad Boland available for one-on-one investor meetings. The presentation will cover the recently acquired Juby Gold Project in Ontario, including development plans and upcoming drill programs. Juby hosts an NI 43-101 resource of 1.01 million ounces Indicated at 0.98 g/t gold and 3.17 million ounces Inferred at 0.89 g/t gold.
CorporateMcFarlane Lake Closes Sale of High Lake and West Hawk Lake Properties for $9.25 Million
The sale of the High Lake and West Hawk Lake properties to Total Metals Corp. has closed for total consideration of $9.25 million, comprising $7.25 million in cash and 3,333,333 Total Metals common shares issued at a deemed price of $0.60 per share. Total Metals shares averaged $1.25 on the TSXV over the five trading days ended October 24, 2025. Proceeds support McFarlane's focus on the Juby Gold Project near Gowganda, Ontario, where planned drilling is fully funded and a drill permit application has been submitted.
AcquisitionMcFarlane Lake Mining Engages Alliance Advisors IR for Investor Relations Services
An investor relations agreement dated October 22, 2025 has been signed with Alliance Advisors Canada Corp. (Alliance Advisors Investor Relations) for an initial three-month term ending January 31, 2026, at a total fee of $37,500 CAD covering PR/media, social media and stakeholder relations services. No securities will be issued as compensation, and the agreement is pending approval by the Canadian Securities Exchange. Either party may terminate thereafter with 60 days' written notice.
CorporateMcFarlane Lake Announces Sale of High Lake and West Hawk Lake Properties for $9.25 Million
A definitive asset purchase agreement has been signed with Total Metals Corp. for the sale of the High Lake and West Hawk Lake properties near the Ontario–Manitoba border for total consideration of $9.25 million, comprising $7.25 million in cash on closing and 3,333,333 Total Metals common shares at a deemed price of $0.60 per share. Closing is conditional on Total Metals raising at least $10 million in a concurrent financing, plus regulatory and third-party approvals, and is expected on or before October 31, 2025.
AcquisitionMcFarlane Lake Announces Closing of Final Tranche of $9.34 Million Equity Financing
The final tranche of a non-brokered private placement closed with 5,829,998 units issued at $0.15 per unit for gross proceeds of approximately $874,500, bringing total Offering proceeds to $9,335,500 from 61,936,665 units and 300,000 flow-through shares. Each unit includes one common share and half a warrant exercisable at $0.25 until October 9, 2028. Insiders subscribed for about $190,000 of units. Proceeds are for general working capital and corporate purposes, with the Juby Gold project in Ontario the focus.
FinancingMcFarlane Issues NI 43-101 Mineral Resource Estimate on Its Juby Gold Project
An NI 43-101 mineral resource estimate for the Juby Gold Project near Gowganda, Ontario, with an effective date of September 29, 2025, reports 1.01 million indicated ounces at 0.98 g/t gold and 3.17 million inferred ounces at 0.89 g/t gold, using a US$2,500/oz gold price and cut-offs of 0.25 g/t for open pit and 1.85 g/t underground. At a US$3,750/oz sensitivity, 194 million tonnes at 0.87 g/t contains 5.42 million ounces. The technical report, prepared by BBA E&C Inc., will be filed within 45 days. McFarlane has applied for an exploration permit at Juby.
Resource updateMcFarlane Lake Mining Submits Exploration Permit Application and Initiates Environmental Baseline Study at Juby Gold Project
An exploration permit application has been submitted to the Ontario Ministry of Mines for the Juby Gold Project near Gowganda, Ontario, supporting plans for up to 10,000 metres of drilling expected to start before year-end, along with IP and magnetic geophysical surveys. An environmental baseline study has also been initiated, intended to underpin a first closure plan and an Advanced Exploration Permit allowing bulk sampling. An updated Mineral Resource Estimate is expected in the coming days.
CorporateMcFarlane Lake Mining Acquires the Juby Gold Project
The US$22 million acquisition of a 100% interest in the Juby Gold Project near Gowganda, Ontario, and a 25% joint venture interest in the adjacent Knight property from Aris Mining Holdings Corp. has closed, paid with US$13,165,677 cash and 82,023,746 common shares, giving Aris Mining 19.9% of McFarlane Lake. Concurrent financings closed for US$15 million of 15% senior secured debenture units and C$8,461,000 of units at C$0.15 and flow-through shares. An updated NI 43-101 resource estimate is expected within days.
AcquisitionMcFarlane Lake Receives Offer to Purchase Its High Lake and West Hawk Lake Gold Properties From Total Metals; McFarlane Amends C$12.5 Million Private Placement in Connection With Its Acquisition of the Juby Gold Project
A binding agreement has been signed to sell the High Lake property (east of the Ontario-Manitoba border) and the West Hawk Lake property (west of the border) to Total Metals Corp. for approximately C$9.25 million, comprising C$7,250,000 cash on closing and C$2,000,000 in Total Metals shares, with closing expected on or before October 31, 2025, subject to Total Metals raising the cash consideration and other conditions.
AcquisitionMcFarlane’s Debt Financing of Us$15M Fully Subscribed
A previously announced US$15 million debt financing is fully subscribed, with proceeds funding the cash portion of McFarlane Lake's proposed acquisition of the Juby Properties and an interest in the Knight Properties from Aris Mining Holdings Corp. under a July 7, 2025 asset purchase agreement. A concurrent equity offering of common shares for gross proceeds of up to US$10,000,000 (about CDN$13,800,000) and the debt financing are both expected to close on or about September 19, 2025, along with the acquisition.
FinancingMcFarlane Lake Announces up to Us$25 Million of Financing in Support of Its Proposed Acquisition of the Juby Gold Project
An agreement in principle has been reached for a bridge financing of up to US$15,000,000 with a syndicate of lenders, alongside a concurrent non-brokered equity offering of up to US$10,000,000, to fund the cash portion of the proposed acquisition of the Juby Properties and an interest in the Knight Properties from Aris Mining Holdings Corp. under the July 7, 2025 asset purchase agreement. The bridge debt bears 15% interest annually with a one-year maturity and includes up to 48,000,000 warrants exercisable at C$0.15 for three years; the equity offering comprises up to 92,666,666 common shares and up to 92,666,666 flow-through shares at C$0.15 each for gross proceeds of up to C$13,900,000.
FinancingMcFarlane Commences Mineral Resource Update at Juby Gold Project Targeting Material Increase to Contained Gold Ounces
An updated NI 43-101 mineral resource estimate has begun at the Juby Gold Project in Ontario, with BBA E&C Inc. engaged from its Sudbury office and a draft report expected later in August. The update will use a gold price of US$2,400-$2,800/oz, a lowered cut-off grade of 0.2 g/t, and about 10,000 metres of drilling not in the historical estimate, which reported 773,000 oz indicated (21,310,000 t at 1.13 g/t) and 1.49 million oz inferred (47,146,000 t at 0.98 g/t) at a 0.4 g/t cut-off. McFarlane has up to 90 days to close the acquisition, which proceeds on payment of US$10 million, with a further US$12 million due within 12 months of closing.
Resource updateMcFarlane Comments on Its Proposed Acquisition of One of Ontario’s Largest Undeveloped Gold Properties - The Juby Gold Project - With a Significant Historical Gold Resource
Details were provided on the proposed acquisition of the Juby Gold Project in Northeastern Ontario from Aris Mining Holdings Corporation under a definitive asset purchase agreement dated July 7, 2025. A historical July 2020 NI 43-101 estimate reports 773,000 oz gold indicated (21,310,000 tonnes at 1.13 g/t) and 1.49 million oz inferred (47,146,000 tonnes at 0.98 g/t) at a 0.4 g/t cutoff, across four zones over 8.7 km. The deal includes a 25% interest in the Knight JV, holding the past-producing Tyranite property. Aris would become a shareholder of up to 19.9%; financing options are still being evaluated.
AcquisitionAris Mining Announces Sale of Juby Gold Project to McFarlane Lake Mining
McFarlane Lake Mining has signed a definitive asset purchase agreement to acquire Aris Mining's Juby Gold Project in the Shining Tree area of Ontario's Abitibi greenstone belt, including a 100% interest in Juby and a 25% joint venture interest in the adjacent Knight property, for US$22 million. Consideration comprises US$10 million cash on closing, McFarlane shares up to 19.9% of its post-financing share capital, and any balance in cash or shares within 12 months. Closing, expected within 90 days, requires McFarlane raising at least US$10 million.
AcquisitionMcFarlane Intersects High-Grade Gold 200 Meters Below Surface at Its McMillan Mine Property – Recent Geophysics Reveals Off-Hole “Superconductor”
Drill hole MLMM-25-11 at the wholly owned McMillan Mine property, 70 km west of Sudbury, Ontario, intersected 29.95 m of 1.3 gpt gold from 228.75 m, including 4.55 m at 6.6 gpt and 1.45 m at 20.1 gpt, about 200 m below surface. A downhole EM survey identified a geophysical "superconductor" (50,000–100,000 Siemens) off hole MLMM-25-11 at 180 m depth, to be tested with future drilling. Hole MLMM-25-10 returned wider, lower-grade intervals including 9.75 m at 0.3 gpt.
Drill resultsMcFarlane Discovers New High Grade Gold Mineralization West of the McMillan Mine Returning 8.5 GPT Gold Over 4.10 Metres
Drill hole MLMM-25-09 at the 100%-owned McMillan Mine property, 70 km west of Sudbury, Ontario, intersected three mineralized zones: 8.5 gpt gold over 4.10 m (including 13.3 gpt over 2.60 m), 3.7 gpt gold over 7.25 m (including 32.9 gpt over 0.7 m), and 2.2 gpt gold over 16.05 m (including 5.1 gpt over 4.25 m). Mineralization was extended 80 m west and to 530 m below surface. Assays for holes MLMM-25-10 and MLMM-25-11, both with visible gold, are pending. COO Roger Emdin retires May 31, 2025, remaining a director and consultant, and Winston Whymark joins as Manager of Exploration.
Drill resultsMcFarlane Lake to Begin Trading on the CSE on May 8, 2025
McFarlane Lake Mining's common shares begin trading on the Canadian Securities Exchange under the symbol MLM at the opening of markets on May 8, 2025. The shares were delisted from Cboe Canada Inc. at market close on May 7, 2025. The company also trades on the OTCQB under MLMLF and holds gold properties in Ontario and near the Ontario-Manitoba border, including McMillan, Mongowin, West Hawk Lake, High Lake and Michaud/Munro.
CorporateMcFarlane Lake Announces Listing on the Canadian Securities Exchange (CSE) Effective Thursday, May 8, 2025
The Canadian Securities Exchange has approved the listing of McFarlane Lake Mining's common shares, which will begin trading on the CSE at market open on May 8, 2025 under the symbol MLM. The Company's shares will be delisted from Cboe Canada effective market close on May 7, 2025. McFarlane Lake also trades on the OTCQB under MLMF and holds gold properties in Ontario and near the Ontario-Manitoba border.
CorporateMcFarlane Lake Intersects 6.2 Grams per Tonne (G/T) Gold Over 6.45 Metres (M) Within 14.9 M of 3.0 G/T Gold and Discovers New Mineralized Zones at Depth Containing Visible Gold - Assays Pending
Drilling at the 100%-owned McMillan Mine property, 70 km west of Sudbury, Ontario, returned 3.0 g/t gold over 14.9 m in hole MLMM-25-07, including 6.2 g/t over 6.45 m and 57.2 g/t over 0.45 m, one of four mineralized zones in that hole. Hole MLMM-25-09, drilled to 570 m, intersected five mineralized zones with assays pending, including visible gold at 457 m and 532.6 m. Expanded assays also returned copper, cobalt and nickel values.
Drill resultsMcFarlane Lake Announces Closing of Final Tranche of Upsized $1.3 Million Private Placement Offering
The final tranche of an upsized non-brokered private placement closed April 10, 2025, consisting of 2,800,000 units at $0.05 and 700,000 flow-through shares at $0.07 for gross proceeds of approximately $189,000, bringing total proceeds to $1,305,000 from 25,120,000 units and 700,000 FT shares. Unit proceeds are allocated primarily to exploration at the McMillan Property, with support for the West Hawk Lake and High Lake properties. Warrants from the tranche are exercisable at $0.07 until October 10, 2025. Closing remains subject to final Cboe acceptance.
FinancingMcFarlane Lake Mining Identifies Strong Geophysical Targets on Unexplored West Side of McMillan Mine
A borehole electromagnetic survey over six drill holes at the 100%-owned McMillan Mine property, 70 km west of Sudbury, Ontario, identified new EM plate targets at depth and to the west in an unexplored area, with one plate extending to 750 metres below surface and another extending 150 metres horizontally west; the deepest known mineralization is about 400 m from surface. Prior holes included MLMM-25-04 with 51.65 metres of 2.0 gpt gold, including 7.5 metres of 5.5 gpt gold. Drill testing is planned in the coming days.
Drill resultsAnnual General and Special Meeting of Securityholders Report of Voting Results
Voting results from the annual general and special meeting held March 3, 2025 show all seven director nominees elected: Amanda Fullerton, Fergus Kerr, Roger Emdin, Mark Trevisiol, Deborah Battiston, Perry N. Dellelce and Dario Zulich. McGovern Hurley LLP was appointed auditors with 99.91% for, amendments to the stock option plan were approved with 95.24% for, and the reapproval resolution for security-based compensation arrangements passed with 86.63% for. Shareholders representing 53,043,300 shares, or 21.67% of the 244,738,654 outstanding, were represented.
CorporateMcFarlane Lake Announces Private Placement Offering of up to $1 Million
A non-brokered private placement of up to C$1,000,000 is planned, comprising up to 20,000,000 units at C$0.05 per unit and up to 14,285,714 flow-through shares at C$0.07 each, with a minimum subscription of $635,000 and closing expected on or about February 28, 2025. Each unit includes one common share and half a warrant exercisable at C$0.07 for 18 months. Proceeds are earmarked for exploration at the McMillan, West Hawk Lake and High Lake properties.
FinancingContinued Positive Results From Exploration Drilling, McFarlane Intersects Second Wide Zone of Gold Mineralization at McMillan Returning 51.6 Meters (M) of 2.0 Grams per Tonne (GPT) Gold, Containing a Higher-Grade Zone of 5.5 GPT Gold Over 7.55 M That Included 16.1 GPT Gold Over 1.8 M
Drill hole MLMM-25-04 at the past-producing McMillan Gold Mine, 70 km west of Sudbury, Ontario, returned 2.0 gpt gold over 51.65 m, including 3.1 gpt over 21.15 m, with higher-grade intervals of 5.5 gpt over 7.55 m (including 16.1 gpt over 1.6 m and 56.3 gpt over 0.3 m), 4.8 gpt over 4.4 m and 5.5 gpt over 2.8 m. The hole was drilled as a 50 m step-out about 300 m below surface, testing a borehole EM anomaly. Copper, nickel and cobalt assays are pending and drilling continues.
Drill resultsMcFarlane Intersects 5.6 GPT Gold Over 13 Metres Including 10.7 GPT Gold Over 5 Metres on Its McMillan Property Property
Drilling at the 100%-owned past-producing McMillan Gold Mine, 70 km west of Sudbury, Ontario, returned 2.7 gpt gold over 31.35 metres in hole MLMM-08-05W1, including 5.6 gpt over 13 metres and 10.7 gpt over 5 metres. Follow-up hole MLMM-24-04, drilled about 50 metres below and 20 metres west, cut a 54-metre quartz-sulphide stockwork zone from 336 to 390 metres core length, roughly 300 metres below surface, with assays pending. Six holes totalling about 2,000 metres have been drilled to date.
Drill results
202414 releases
McFarlane Lake Mining Commences Drilling on McMillan Mine Property – Provides Corporate Update
Drilling has begun at the 100%-owned McMillan Mine property, located about 70 kilometres east of Sudbury, Ontario, with a minimum 3,000 metres planned to confirm historical gold intersections and test targets identified by recently completed down-the-hole IP and EM surveys. Historical intercepts include 27.9 metres of 6.4 gpt gold, containing 8.1 metres of 15.7 gpt gold. Effective December 1, 2024, Brad Boland becomes CFO, replacing Charles Lilly, who is also resigning from the board.
Drill resultsMcFarlane Lake Mining Awards Drilling Contract for McMillan Property
A diamond drilling contract has been awarded for a winter drilling program at the 100%-owned McMillan Mine property, 70 km west of Sudbury, Ontario, with a minimum of 3,000 metres planned to test and expand historic high-grade gold intercepts. A recent sample of interpreted historic ore returned 87.4 gpt gold, 0.59% copper and anomalous cobalt and nickel. Wesley and Winston Whymark have joined the geological team.
CorporateMcFarlane Lake Mining Presenting at the Red Cloud Fall Mining Conference
McFarlane Lake Mining will attend the Red Cloud Securities Fall Mining Conference in Toronto on October 16 and 17. CEO Mark Trevisiol is scheduled to present exploration plans for the past-producing McMillan Gold Mine on October 17 at 4:00 p.m. at the Sheraton Centre Hotel. The company will also hold one-on-one investor meetings at its conference booth.
CorporateMcFarlane Lake Receives Exploration Permit on Its McMillan Gold Mine Property
An exploration permit has been granted by the Ontario Ministry of Mines for the McMillan Mine property, located approximately 70 kilometres east of Sudbury, Ontario, allowing line-cutting, geophysical surveys and diamond drilling. McFarlane Lake is planning an initial 3,000-metre diamond drilling program, with field preparations beginning in September and drilling expected to start in November and continue into the first quarter of 2025. Drilling will target historic intercepts including 27.9 metres of 6.4 gpt gold containing 8.1 metres of 15.7 gpt gold.
CorporateMcFarlane Samples 87.4 Grams per Tonne(GPT) Gold Containing 0.59% Copper at Its Past Producing McMillan Gold Mine; Provides Exploration Update on Upcoming Drill Program
A field sample interpreted as historic ore from the past-producing McMillan Gold Mine, 70 km west of Sudbury, Ontario, returned 87.4 gpt gold, 0.59% copper and anomalous cobalt and nickel. A fully funded 3,000 metre drill program is planned to begin in Q4 2024, pending an exploration permit, to test historic intercepts including 27.9 metres of 6.4 gpt gold with 8.1 metres of 15.7 gpt gold. Regional targets across the 32 sq. km property returned samples up to 10.9 gpt gold.
Drill resultsMcFarlane Lake Announces Closing of Final Tranche of Upsized $1.55 Million Private Placement Offering
The final tranche of a non-brokered private placement closed June 27, 2024, consisting of 8,266,666 units at $0.045 and 200,000 flow-through shares at $0.05 for gross proceeds of approximately $382,000, with the total offering upsized to $1,552,040. Each unit includes half a warrant exercisable at C$0.07 until December 27, 2025, and insiders subscribed for about $185,000. Proceeds will fund exploration at the McMillan and West Hawk Lake gold properties, resource expansion at High Lake, and working capital.
FinancingMcFarlane Applies for Exploration Permit on Its Past Producing McMillan Mine and Mongowin Properties
An early exploration permit application has been filed for the McMillan Mine and Mongowin properties, located 70 kilometres west of Sudbury, Ontario. The McMillan Mine and Mill produced over 10,000 ounces of gold in the 1930s, with historical drilling returning 7.2 g/t gold over 21.3 metres in hole MM-05-13 and 11.2 g/t gold over 4.7 metres in MM-05-04. A fall 2024 program is planned, including line cutting to extend an Induced Polarization survey east of the mine and diamond drilling.
CorporateMcFarlane Lake Announces Closing of First Tranche of Private Placement Offering and Upsizes Offering to $1.5 Million From $1 Million
The first tranche of a non-brokered private placement closed June 7, 2024, comprising 10,556,443 units at $0.045 and 13,900,000 flow-through shares at $0.05 for gross proceeds of approximately $1,170,040, plus 96,693 units issued as finder consideration. The overall offering has been upsized to up to $1,500,000, with a second tranche targeted for on or about the week of June 10, 2024. Proceeds are for exploration at the McMillan, West Hawk Lake and High Lake gold properties and working capital; an insider subscribed for about $100,000 of units.
FinancingMcFarlane Lake Announces up to C$1 Million Private Placement
A non-brokered private placement of up to 22,222,222 units at C$0.045 per unit and up to 20,000,000 flow-through shares at C$0.05 each will raise gross proceeds of up to C$1,000,000. Each unit includes one common share and half a warrant exercisable at C$0.07 for 18 months from closing, expected on or about June 7, 2024. Proceeds are earmarked for exploration at the McMillan and West Hawk Lake gold properties, expanding resources at High Lake, and working capital.
FinancingMcFarlane Completes Geophysical Survey at Its Past Producing McMillan Gold Mine.
An induced polarization geophysical survey covering 1.4 square kilometres around the past-producing McMillan Gold Mine, 70 km west of Sudbury, Ontario, has been completed by contractor Dan Patrie Exploration Ltd., with results pending. The property is traced by the 10 km east-west House Lake Fault. Historic intercepts include 7.2 g/t gold over 21.3 metres in hole MM-05-13 and 11.2 g/t over 4.7 metres in MM-05-04; the mine historically produced 60,000 tonnes of ore at 6 g/t gold.
Drill resultsMcFarlane Finds More Gold - Extends Gold Mineralization on the Purdex Zone at Its High Lake Property; Supports Continued Exploration at High Lake.
Drilling at the High Lake property in Ontario, 40 kilometres west of Kenora, extended gold mineralization at the Purdex Zone, with hole MLHL-23-50 intersecting 13.96 grams per tonne gold over 1.17 metres to the east and hole MLHL-24-53 intersecting 4.04 grams per tonne gold over 2.25 metres at depth. The zone's July 2023 resource estimate holds 45,800 Indicated ounces at 9.38 g/t and 96,200 Inferred ounces at 10.43 g/t. Assays from western-area drilling remain pending.
Drill resultsArtificial Intelligence Prospectivity Analysis Completed on the High Lake Property
Mercator Geological Services has completed a surface and subsurface AI-based prospectivity analysis on McFarlane Lake Mining's 100%-owned High Lake property, using knowledge-driven and Random Forest supervised machine learning to generate exploration targets. The downhole model identified the R Zone and W Zones as most similar to the gold-bearing Purdex Zone, with additional target areas in the north of the property. A 10,000-metre drill program is underway at Purdex, which hosts 45,800 Indicated ounces at 9.38 g/t gold and 96,200 Inferred ounces at 10.43 g/t gold.
NewsMcFarlane Adds Strategic Gold Claims Contiguous to Its High Lake Property
Four additional claims have been added to the High Lake property, 40 kilometres west of Kenora, Ontario, increasing the land position from 584.82 to 626.00 hectares and filling a gap on the western part of the property hosting extensions of the D and R zones. Historical, non-NI 43-101 compliant drilling on the boundary returned 32.2 gpt Au over 3.7 m in hole E-1, 22.0 gpt Au over 7.3 m in hole E-13 and 168.8 gpt Au over 2.4 m in hole E-36. A 10,000-metre drill program is underway at the Purdex Zone.
CorporateMcFarlane Lake Mining Announces Its Selection to the Core Shack at Pdac 2024. Presenting in the Corporate Presentation Forum for Investors on March 5, 2024
McFarlane Lake Mining has been selected by the PDAC 2024 technical committee to display drill core from its High Lake gold project near Kenora, Ontario, at the convention's Core Shack, with the company also at booth 3108 in the Investors Exchange on March 3 and 4. CEO Mark Trevisiol will present in the Gold Session of the Corporate Presentation Forum for Investors on March 5, 2024, from 2:00 to 4:00 p.m. in Room 801B. A July 2023 NI 43-101 technical report identified 45,800 Indicated ounces at 9.38 g/t gold and 96,200 Inferred ounces at 10.43 g/t gold in the Purdex Zone; drilling has resumed to expand resources.
Corporate
202335 releases
McFarlane Lake Mining Provides Corporate Update
The board of McFarlane Lake Mining has approved the grant of 5,650,000 stock options to certain directors, officers and consultants, and 3,600,000 restricted share units to certain consultants, under the rules of Cboe Canada and the applicable plan. The options are exercisable at $0.09 per share until December 27, 2028, while the RSUs vest per the terms of the applicable award agreements, with each vested RSU entitling the holder to one common share.
CorporateMcFarlane Lake Mining Limited to Resume Exploration Drilling on Its High-Grade Gold Purdex Zone
An approximately 10,000-metre diamond drilling campaign will begin at the High Lake property on the Ontario-Manitoba border, targeting expansion of the Purdex Zone gold resource to the east, west and at depth, plus IP and prospecting targets. Drill contractor Platinum Diamond Drilling mobilizes to site on December 8, 2023. The program follows a recently closed private placement that raised more than $4.6 million. Purdex hosts 45,800 Indicated ounces at 9.38 g/t gold and 96,200 Inferred ounces at 10.43 g/t.
Drill resultsMcFarlane Lake Announces Closing of Final Tranche of Upsized $4.6 Million Private Placement Offering
The final tranche of a non-brokered private placement closed November 27, 2023, consisting of 8,600,000 units at $0.05 and 8,391,325 flow-through shares at $0.06 for gross proceeds of approximately $933,479; the offering was upsized to up to $4,605,099. Each unit includes one warrant exercisable at C$0.07 until May 27, 2025, and securities are subject to a hold period ending March 28, 2024. Proceeds will fund exploration at the West Hawk Lake and High Lake properties and general working capital. Insiders subscribed for about $145,000.
FinancingMcFarlane Lake Announces Closing of First Tranche of Upsized Private Placement Offering
The first tranche of a non-brokered private placement closed November 1, 2023, consisting of 43,500,000 units at $0.05 and 24,943,681 flow-through shares at $0.06 for gross proceeds of approximately $3,671,620; each unit includes a warrant exercisable at C$0.07 until May 1, 2025. The Offering has been upsized to up to $4,600,000, with a second and final tranche of about $928,380 targeted for the week of November 13, 2023. Proceeds will fund exploration at the West Hawk Lake and High Lake properties and working capital. Rob McEwen's Evanachan Limited acquired 20,000,000 shares and 20,000,000 warrants for $1,000,000, about 11.01% of outstanding shares.
FinancingMcFarlane Lake Mining Limited to Initiate Environmental Baseline Work on Its High Lake Property
Environmental baseline studies have been initiated at the High Lake gold property, located immediately east of the Ontario-Manitoba border, to support future permitting. The work begins with surface and groundwater sampling and a species-at-risk study, followed by preliminary geochemical characterization in the new year to assess metals processing impact potential. Sudbury-based consultancy EAG Inc. will lead the studies. A July 2023 NI 43-101 report identified 45,800 Indicated ounces at 9.38 g/t gold and 96,200 Inferred ounces at 10.43 g/t in the Purdex Zone.
CorporateMcFarlane Lake Announces up to C$4.5 Million Private Placement; Robert McEwen to Participate
A non-brokered private placement of up to 50,000,000 units at C$0.05 per unit and up to 33,333,333 flow-through shares at C$0.06 each is planned to raise gross proceeds of up to C$4,500,000, with closing expected on or about October 30, 2023. Each unit includes one warrant exercisable at C$0.07 for 18 months. Rob McEwen has agreed in principle to subscribe for $1,000,000 of securities. Net proceeds will fund exploration at the High Lake property and general working capital.
FinancingArtificial Intelligence Review Planned for McFarlane’s Gold Resource Property at High Lake
A full geological compilation of historical and current data on the High Lake property, located immediately east of the Ontario-Manitoba border, has been commissioned from Orix Geoscience, covering historical drill logs, geological maps, geophysical survey data, surface geochemistry and recent drilling results. The Company is reviewing proposals to apply artificial intelligence to the resulting dataset to prioritize future drill targets. A July 2023 NI 43-101 report identified 45,800 Indicated ounces at 9.38 g/t gold and 96,200 Inferred ounces at 10.43 g/t gold in the Purdex Zone.
NewsMcFarlane Lake Mining to Host Virtual Investor Presentation on August 9, 2023 at 11:00AM ET
A virtual investor presentation will be held on August 9, 2023 at 11:00am ET, with registration open to all interested parties. CEO Mark Trevisiol and COO Roger Emdin will present recent company developments and path forward exploration. McFarlane Lake Mining is a Canadian gold exploration and development company with the High Lake, West Hawk Lake, McMillan and Mongowin, and Michaud/Munro mineral properties.
CorporateMcFarlane Lake Mining - Northern Ontario Angels Presentation
A recent corporate presentation to Northern Ontario Angels has been made available via video link by McFarlane Lake Mining Limited (NEO: MLM; OTCQB: MLMLF). The company's properties include High Lake, immediately east of the Ontario-Manitoba border, West Hawk Lake immediately west of that border, McMillan and Mongowin 70 km west of Sudbury, and Michaud/Munro 115 km east of Timmins.
CorporateMcFarlane Lake Mining to Appear on CBOE Spotlight on Wednesday, July 12 at 1:00PM EST
CEO Mark Trevisiol will appear on the Cboe Spotlight on Wednesday, July 12 at 1:00 p.m. EST, speaking with Cboe Canada President Jos Schmitt about the mining industry and the company's progress. McFarlane Lake recently filed an NI 43-101 technical report for its 100%-owned High Lake Property west of Kenora, Ontario and West Hawk Lake property in Manitoba, with a resource estimate of 96,200 ounces of inferred gold at 10.43 g/t and 45,800 ounces indicated at 9.38 g/t.
CorporateMcFarlane Files Technical Report on Its High Grade Gold Resource on High Lake Property, Includes Technical Update on West Hawk Lake Property
An NI 43-101 technical report dated June 30, 2023, prepared by P&E Mining Consultants, has been filed for the 100%-owned High Lake property west of Kenora, Ontario and the West Hawk Lake property in Manitoba. It supports the initial mineral resource estimate for the Purdex Zone announced May 24, 2023: 152k tonnes indicated at 9.38 g/t Au (45.8k oz) and 287k tonnes inferred at 10.43 g/t Au (96.2k oz), at a 2.6 g/t Au cut-off, effective April 14, 2023.
Drill resultsMcFarlane Lake Mining: High-Grade Gold With Potential for Open Pit Mining, BTV Video
A BTV feature highlighted McFarlane Lake Mining's recently updated NI 43-101 technical report for the High Lake property, which reported 96,200 inferred ounces of gold at 10.32 grams per tonne and 45,800 indicated ounces at 9.38 grams per tonne. Initial prospecting at the Purdex Zone identified mineralization 350m east and 120m west of the zone, with samples returning 9.35 and 15.90 grams per tonne gold respectively.
CorporateHigh-Grade Gold Samples Returned in Areas Targeted in Future McFarlane Lake Mining Drilling Campaign - Supports Recent Geophysical Survey Identifying These Areas as Priority Targets
Surface prospecting at the 100%-owned High Lake property west of Kenora, Ontario returned gold mineralization 350 m east and 120 m west of the Purdex Zone, grading 9.35 and 15.90 grams per tonne gold respectively, with 12 samples containing gold across four geophysical target areas. The A-D Extension, Gap and Porphyry Zones returned 1.87, 1.50 and 1.55 g/t gold, with Porphyry Zone samples of 1.55, 1.46 and 0.96 g/t gold associated with 0.87%, 0.78% and 0.59% copper.
Drill resultsNews of McFarlane Lake’s Initial Mineral Resource Estimate Is #1 Trending on Streetwise Reports
An updated initial Mineral Resource Estimate at the High Lake property reports 96,200 inferred ounces of gold at 10.32 grams per tonne and 45,800 indicated ounces at 9.38 grams per tonne. Coverage of the estimate became the #1 trending article on Streetwise Reports. High Lake is located immediately east of the Ontario-Manitoba border.
Resource updateMcFarlane Lake Mining Host Investor Event in Sudbury, Ontario
An investor event was held in Sudbury, Ontario on May 23, 2023 to discuss progress at the High Lake property. The company recently said it will release an updated NI 43-101 technical report estimating 10.32 grams per tonne gold and 9.38 grams per tonne gold, resulting in 96,200 inferred ounces and 45,800 indicated ounces of gold respectively, at its 100%-owned High Lake property west of Kenora, Ontario.
CorporateRecent Gold Exploration Confirms High Grade Historical Resource and Expands It by 75% in NI 43-101 Compliant Resource
An initial NI 43-101 mineral resource estimate for the Purdex Zone at the 100%-owned High Lake Property west of Kenora, Ontario, reports 152k tonnes at 9.38 g/t gold for 45,800 indicated ounces and 287k tonnes at 10.43 g/t gold for 96,200 inferred ounces, at a 2.6 g/t cut-off, with an effective date of April 14, 2023. It follows 46 drill holes totalling 10,437 metres completed from November 2022 to February 2023. Two potential open-pit subsets were also outlined at a 1.0 g/t cut-off.
Drill resultsMcFarlane Lake: Invitation to 121 Mining Investment New York
Participation in the 121 Mining Investment Conference in New York City on June 5-6 was confirmed. The event hosts over 80 mining companies and more than 300 investors for two days of pre-arranged 1-2-1 meetings. Investors can register for a free pass.
CorporateMcFarlane Lake Announces Appointment of New Director and Grant of Awards
Dario Zulich has been appointed to the board of directors of McFarlane Lake Mining. In connection with the appointment, the board granted Zulich 325,000 incentive stock options exercisable at $0.12 per share for five years, vesting immediately. The board also granted an aggregate of 7,000,000 restricted share units, vesting immediately, split equally between directors Perry Dellelce and Mark Trevisiol; the Company previously had no RSUs outstanding and currently has 9,975,000 options outstanding.
ManagementCorporate Update – High Lake Drilling Program Shows World-Class Gold Intersections - Geophysical Survey Outlines Extension of Anomaly Next to Existing Gold Intercepts
A 10,000-metre drill program at the High Lake property near Kenora, Ontario has been completed, with 46 holes totalling 10,438 metres. Results include 24.96 g/t gold over 14.9 metres from 325.56 metres in MLHL-22-06, 148.37 g/t over 1.3 metres in MLHL-22-17, 9.20 g/t over 26.4 metres in MLHL-22-45 and 6.14 g/t over 24.55 metres from 14.61 metres in MLHL-22-40. An 18.7 line-kilometre IP survey defined five targets, including a chargeability anomaly extending 300 metres east of the Purdex zone. An NI 43-101 report with a Purdex resource is planned for later this year.
Drill resultsMcFarlane Lake Announces 10% Upsize and Closing of Previously Announced Private Placement
A non-brokered private placement was upsized 10% and closed for aggregate gross proceeds of C$1,100,500, comprising 7,285,000 units at C$0.10 each and 3,100,000 flow-through shares at C$0.12 each, with each unit including a half warrant exercisable at C$0.20 until April 13, 2026. Proceeds will fund exploration at the High Lake property and general working capital. Finders' fees of C$19,410 were paid, insiders subscribed for about $133,000 of units, and securities are subject to a hold period ending August 14, 2023.
FinancingMcFarlane Lake Mining: Geophysical Survey and Diamond Drilling Confirm Gold Mineralization Remains Open to East and at Depth in Purdex Zone
Final assays from the High Lake property in Ontario include hole MLHL-23-43, which returned 8.27 g/t gold over 3.95 metres from 251.35 to 255.30 metres and 21.10 g/t gold over 0.33 metres from 248.67 to 249.00 metres in core length, the furthest east testing of the Purdex Zone at that elevation. The drill program totalled 46 holes and 10,437 metres. An 18.7 line-kilometre induced polarization survey completed in January and early February 2023 defined five priority targets: Purdex East, Conglomerate, A-D Extension, Porphyry and Gap.
Drill resultsMcFarlane Lake Announces up to C$1.0 Million Private Placement
A non-brokered private placement of up to C$1,000,000 was announced, comprising up to 10,000,000 units at C$0.10 per unit and up to 8,333,333 flow-through shares at C$0.12 each. Each unit includes one common share and half a warrant exercisable at C$0.20 for 36 months, with closing expected on or about April 4, 2023. Proceeds will fund exploration at the High Lake property and general working capital, with finders' fees of up to 3.0%.
FinancingMcFarlane Lake Announces Termination of Private Placement Offering
Its non-brokered private placement offering of units and flow-through shares has been terminated, with no further tranches to be closed. The first tranche of the offering closed as announced on February 17, 2023. McFarlane Lake Mining is a Canadian gold exploration and development company with properties including High Lake, West Hawk Lake, McMillan, Mongowin and Michaud/Munro.
FinancingMcFarlane Intersects 9.20 Grams per Tonne Gold Over 26.40 Metres - Intersection Includes 15.43 Grams per Tonne Gold Over 4.60 Metres
Hole MLHL-23-45 at the Purdex Zone on the High Lake property in Ontario, near the Ontario-Manitoba border, returned 9.20 g/t gold over 26.40 metres core length from 292.10 to 318.5 metres, including 15.43 g/t gold over 4.60 metres, with the broader intersection at -285.3 m below surface. Hole MLHL-23-38 returned 4.55 g/t gold over 1.30 metres. The company has completed 46 holes totalling just over 10,000 metres and awaits assays for a handful of holes, with a mineral resource for the Purdex Zone targeted later this year.
Drill resultsMcFarlane Lake Mining Invites Shareholders and Invites Shareholders and Investment Community to Visit Them at Booth 3208 at PDAC 2023 in Toronto, March 5-8
McFarlane Lake Mining (NEO: MLM; OTCQB: MLMLF) will exhibit at Booth #3208 at the PDAC Convention at the Metro Toronto Convention Centre in Toronto from March 5 to March 8, 2023. The company has recently completed a drilling campaign at its West Hawk Lake property, and another is underway at its High Lake property. Its holdings also include the McMillan and Mongowin property 70 km west of Sudbury and the Michaud/Munro property 115 km east of Timmins.
CorporateMcFarlane Lake Mining: Canadian Gold Exploration, CEO Clips Video
A CEO Clips video release covering the company's six Canadian gold exploration properties, two of which are past gold producers. Current focus is the High Lake property in Northern Ontario, located near existing infrastructure, where the drill program targets approximately 250,000 ounces of inferred resources.
CorporateMcFarlane Intersects 6.14 Grams per Tonne Gold Over 24.55 Metres Within 15 Metres From Surface - Intersection Includes 24.55 Grams per Tonne Gold Over 5.33 Metres
Drilling at the High Lake property in Ontario, near the Ontario-Manitoba border, returned 6.14 g/t gold over 24.55 metres from 14.61 to 41.80 metres core length in hole MLM-22-40, including 24.55 g/t gold over 5.33 metres with visible gold. Deeper intercepts included 54.90 g/t gold over 0.30 metres and 47.28 g/t gold over 1.80 metres, the latter including 105.00 g/t over 0.8 metres. McFarlane has completed 46 holes totalling about 10,000 metres, with assays received for 41.
Drill resultsMcFarlane Lake Mining to Conduct Its Annual General Meeting on March 6, 2023
McFarlane Lake Mining will hold its 2023 Annual General and Special Meeting in person at 1:00 p.m. Eastern Time on Monday, March 6, 2023, at Wildeboer Dellelce Place, 365 Bay Street, Suite 800, Toronto. Shareholders of record as of January 13, 2023 may vote at the meeting or by proxy, with proxies due by 1:00 p.m. Eastern Time on March 2, 2023. Management will also present on recent work at the High Lake and West Hawk Lake properties.
CorporateMcFarlane Lake Announces Closing of First Tranche of Private Placement Offering
A first tranche of the previously announced non-brokered private placement closed February 17, 2023, with 2,200,032 units issued at C$0.15 per unit for gross proceeds of C$330,004.80; no flow-through shares were issued. Each unit includes one common share and one-half warrant exercisable at C$0.25 until February 17, 2026, with a hold period expiring June 18, 2023. Proceeds will fund exploration at the High Lake property and general working capital. Further tranches may close.
FinancingMcFarlane Intersects 148.37 Grams per Tonne Gold Over 1.3 Metres
Drill hole MLM-22-17 at the Purdex Zone on the High Lake property in Ontario, near the Ontario-Manitoba border, returned 148.37 g/t gold over 1.3 metres from 113.20 to 114.50 metres core length, including 538.00 g/t gold over 0.3 metres, plus 3.89 g/t gold over 4.6 metres from 56.00 metres. Hole MLHL-22-25, about 100 metres vertically below, cut 6.85 g/t gold over 2.97 metres, including 27.50 g/t over 0.60 metres. McFarlane has completed 42 holes totalling 9,217 metres, with assays received for 21.
Drill resultsMcFarlane Intersects 13.52 g/t Gold Over 6.5 Metres
Drilling at the High Lake property in Ontario, near the Ontario-Manitoba border, returned 13.52 g/t gold over 6.5 metres in hole MLHL-22-12 from 229.00 to 235.50 metres, with visible gold. Hole MLHL-22-05 cut 4.95 g/t gold over 7.49 metres, including 11.18 g/t over 1.94 metres, and 4.49 g/t over 6.38 metres, while MLHL-22-23 returned 21.67 g/t over 1.75 metres. To date 36 holes totalling 8,566 metres are complete, with assays received for 16; drilling should finish in February 2023.
Drill resultsMcFarlane Lake Mining to Attend Vancouver Resource Investment Conference on Jan 29-30
Management will attend the 2023 Vancouver Resource Investment Conference from January 29-30, 2023 at booth #114 in the Vancouver Convention Centre West Building. Attendees can meet management regarding the High Lake Property and view gold core with visible gold intercepts, as well as review last year's drilling at the past-producing West Hawk Lake property. A drilling campaign is underway at High Lake, with early results announced on December 12/2022 and January 9/2023.
CorporateMcFarlane Lake Announces up to C$1.5 Million Private Placement
A non-brokered private placement of up to 10,000,000 units at C$0.15 per unit and up to 7,500,000 flow-through shares at C$0.20 per share, in any combination, to raise gross proceeds of up to C$1,500,000. Each unit includes one common share and half a warrant exercisable at C$0.25 for 36 months, with closing expected on or about January 30, 2023 and possible multiple tranches. Proceeds will fund exploration at the West Hawk Lake and High Lake properties and working capital; finders' fees of up to 3.0% may be paid.
FinancingMcFarlane Lake Mining Announces Board Changes
Deborah Battiston (CPA, ICD.D) has joined the board of McFarlane Lake Mining Limited (NEO: MLM, OTCQB: MLMLF). She has over 35 years of financial management experience, 24 in the public company sector, including CFO roles at MX Gold Corporation, Buffalo Coal Corp, Afrique Gold and Consolidated Thompson Iron Mines Limited. Guy Mahaffy is stepping down as a board member, Audit Committee chairman and Compensation Committee member to pursue other opportunities.
ManagementMcFarlane Lake Mining Intersects 24.96 Grams per Tonne of Gold Over 14.9 Metres
Drilling at the High Lake property in Ontario, near the Ontario-Manitoba border, returned 24.96 g/t gold over 14.90 metres in hole MLHL-22-06 from 325.56 to 340.46 metres core length, including 43.22 g/t over 7.99 metres and 53.87 g/t over 3.15 metres. Hole MLHL-22-04 cut 32.58 g/t gold over 1.45 metres in the Purdex A zone. Of a planned 8,000 to 10,000-metre program, 32 holes totalling 7,274 metres are complete, with assays received for 11.
Drill results
202214 releases
Early Drilling Intersects High-Grade Gold Within 20 Meters of Surface, 9.82 g/t Gold Intersected Over 9.75 Meters at McFarlane Lake Mining’s High Lake Property
Drilling at the High Lake property in Ontario, near the Ontario-Manitoba border, returned 9.82 g/t gold over 9.75 metres in hole MLHL-22-28, including 15.35 g/t over 5.38 metres and 117 g/t over 0.55 metres, with mineralization starting 17.8 metres from surface in a 63.0-metre hole. Earlier holes returned 6.66 g/t over 0.60 m, 10.70 g/t over 1.00 m and 9.49 g/t over 0.42 m. The 8,000 to 10,000-metre program began in November, with final results expected later in 2023.
Drill resultsGold Exploration Program Commences at McFarlane’s High Lake Property
An exploration program has commenced at the High Lake property in Ontario, three kilometres from the Trans Canada Highway near the Ontario-Manitoba border, consisting of ground geophysical data collection and interpretation plus 8,000 to 10,000 metres of diamond drilling, with completion expected in the new year and initial assays in the coming weeks. The Purdex Zone, tested only to 100 metres depth, is a key focus. High Lake claims cover 584.3 hectares and host non-43-101-compliant historical resources of 270,000 tonnes at 9.83 g/t.
Drill resultsCorporate Update - Our Simple Strategy: Find Gold Where It’s Been Found and Mined Before
An exploration permit has been received for the High Lake project near Kenora, Ontario, with drilling to be completed by February 2023 and initial assay results expected by late 2023; the campaign will focus on the Purdex Zone, tested only to 100 metres depth, where a 2006 10-metre panel sample averaged 9.84 g/t gold. Fourteen claims were staked or acquired at High Lake, expanding the area from 341.5 to 584.4 hectares, and 16 claims at McMillan/Mongowin added 352.5 hectares to reach 3,247.5 hectares. A C$1.29 million private placement closed September 19, and shares began trading on the OTCQB under MLMLF.
CorporateMcFarlane Lake to Webcast Live at VirtualInvestorConferences.com on October 19, 2022
Chief Operating Officer Roger Emdin will present live at VirtualInvestorConferences.com on October 19, 2022 from 9:30 to 10:00 AM ET, with one-on-one meetings available that day and an archived webcast afterward. The Sudbury, Ontario-based gold explorer trades on the NEO Exchange (MLM) and OTCQB (MLMLF) and holds six gold properties, three with past producing mines.
CorporateMcFarlane Lake Announces Staking of New Claims Near Its Past Producing McMillan Property
Sixteen new claims have been staked through the Ontario Mining Lands Administration System at the McMillan/Mongowin property near Espanola, Ontario, about 80 kilometres southwest of Sudbury, increasing land holdings there by 352.5 hectares to 3,247.5 hectares. The claims extend coverage of the gold-mineralizing contact between the Espanola and Gowganda Formations by 1.9 kilometres. The McMillan mine produced 60,139 tons of ore at a recovered grade of 0.176 ounces per ton (6.03 g/t) between 1934 and 1937. An exploration plan is expected later this year.
CorporateMcFarlane Lake Announces Upsize and Closing of C$1.29 Million Private Placement
An upsized non-brokered private placement closed on September 16, 2022 for gross proceeds of C$1,292,400 through the issuance of 12,924,000 units at C$0.10 per unit, each unit comprising one common share and one-half warrant exercisable at C$0.20 until September 16, 2025. Proceeds will fund exploration at the West Hawk Lake and High Lake properties and general working capital. Finders' fees of C$9,600 cash and 27,000 units were paid, and insiders subscribed for about $119,000 of units.
FinancingMcFarlane Lake Announces C$1 Million Private Placement
A non-brokered private placement of up to 10,000,000 units at C$0.10 per unit for gross proceeds of up to C$1,000,000 is planned, with each unit comprising one common share and one-half warrant exercisable at C$0.20 for 36 months from closing, expected on or about September 12, 2022. Proceeds will fund exploration at the West Hawk Lake and High Lake properties and general working capital. Finders' fees of up to 3.0% of gross proceeds may be paid in cash or units, subject to NEO Exchange acceptance.
FinancingMcFarlane Lake Completes Acquisition of West Hawk Lake, High Lake and McMillan Properties
A 100% interest in the West Hawk Lake (southeastern Manitoba), High Lake (near Kenora, Ontario) and McMillan (southwest of Sudbury, Ontario) properties has been acquired from Canadian Star Minerals for $5.5 million, comprising $2.75 million cash, 5,625,000 shares issued from treasury and 7,000,000 shares transferred from directors and officers, with $500,000 in prior option payments credited. Canadian Star now holds 12,625,000 shares, or about 14.40%. A drilling permit has been applied for at High Lake for 8,000 to 10,000 metres.
AcquisitionMcFarlane Lake Announces Strategic Acquisition of New Claims for Its High Lake Property
Fourteen new claims have been acquired around the High Lake property, expanding it from 341.49 hectares to 584.43 hectares. Seven claims were bought from an individual holding rights under the Ontario Mining Lands Administration System for a cash settlement, and seven were staked by the company. The new ground includes claim 562791, covering the D Zone and extensions of the P Zone, which will be tested in the fall drilling program.
AcquisitionMcFarlane Lake Completes Acquisition of Mining Leases in Michaud and Munro Townships
Acquisition of a 100% interest in mining leases in the Michaud and Munro townships, Larder Lake Mining District near Matheson, Ontario, has closed. Consideration was $30,000 in cash, 1,375,000 common shares deemed at $0.40 each ($550,000), and a 1.5% net smelter return royalty. The shares carry a four-month hold period ending November 19, 2022, and the acquisition remains subject to final Neo Exchange approval; an exploration plan is planned later this year.
AcquisitionAn Update on Our Progress
A corporate update reports 3,000 metres of drilling over 14 holes completed at the West Hawk Lake property near the Ontario-Manitoba border in March 2022, with assays received in May, including MLWH-22-08 intersecting 40g/t over 0.64m and 8.62g/t over 1.00m, and MLWH-22-05 intersecting 81g/t gold over 4.00m and 7.85g/t gold over 2.00m including 11.30g/t gold over 1.00m. Next exploration is planned at the High Lake property near Kenora, pending First Nations permission. A 100% interest in mining leases in Michaud and Munro townships near Matheson, Ontario was acquired in May.
CorporateMcFarlane Lake Obtains DTC Eligibility
McFarlane Lake Mining's common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company. The shares recently began trading on the OTCQB Venture Market under the symbol MLMLF, and also trade on the NEO Exchange under the symbol MLM.
CorporateMcFarlane Lake Announces Listing on OTC Markets
McFarlane Lake Mining's common shares began trading on the OTCQB under the symbol MLMLF as of May 31, 2022, while continuing to trade on the NEO Exchange under the symbol MLM. The Canadian gold exploration and development company is focused on properties with historic gold mineralization in Ontario and Manitoba, and has recently completed a diamond drilling program at its West Hawk Lake Property in Manitoba.
CorporateMcFarlane Lake’s Drilling Program on the West Hawk Lake Property Intersects Gold 100 Meters Below Past Known Mineralization and Expands Waverly and Sunbeam Zones
Final results from the completed 3,000 m drill program at the West Hawk Lake property in Manitoba include hole MLWH-22-08, which cut 19.40 g/t gold over 0.64 m and 8.62 g/t over 1.00 m, the latter intersecting the Waverly Raise Zone at 217 m vertical depth, about 100 m below prior intercepts. Hole MLWH-22-05 returned 3.81 g/t over 4.00 m and 7.85 g/t over 2.00 m, including 11.30 g/t over 1.00 m, below the Sunbeam mine's 425-foot level. The Waverly Zone is now defined over a 200 m strike length and beyond 200 m depth; further drilling is required to establish resources.
Drill results