McFarlane Lake Mining Limited (CSE: MLM, OTC: MLMLF, FRA: W2Z) is pleased to announce that it has advanced its geophysical targeting work, identifying new priority drill targets along the interpreted 826 Zone trend on its 100%-owned Juby Gold Project. The project is located west of Gowganda, Ontario, within the southern part of the Abitibi Greenstone Belt. In parallel, the company is continuing its planned exploration program, having completed approximately 10,000 metres of drilling to date.
Highlights of the Program
Over the last several months, McFarlane has compiled over 20 years of magnetic and geophysical datasets across the Juby Gold Project. This large historic geophysical dataset provides a significant advantage, saving both time and money while enabling immediate identification of new exploration areas.
826 Zone Geophysical Model
Induced Polarization (IP) data over the 826 Zone has been digitized and inverted into a modern 3D model, generating new drill targets along the interpreted geophysical trend. A third drill has been mobilized to test potential strike extensions of the 826 Zone toward Golden Lake, located approximately 1.6 kilometres northwest of the 826 Zone. A total of 10 to 12 holes, totalling 1,000 metres, are planned to test near-surface mineralization.
Ongoing Inversion Work
Geoscience North Ltd., a consultant to McFarlane, is completing additional 3D inversions to support integration of historic geophysical data into the company’s Juby 3D geological model. McFarlane has been working with Mr. Alan King (M.Sc., P.Geo) of Geoscience North to collect, organize, and evaluate available geophysical data across the entire project. This work has identified a substantial amount of historic IP data, which management estimates would have a replacement value of well over $1 million if completed today.
Much of this historic data had not previously been digitized or inverted into a modern 3D model. Geoscience North, working with Laurentian University geophysical students, has undertaken the task of digitizing and inverting this data to incorporate it into the company’s broader Juby 3D geological model.
While the larger project-wide geophysical compilation remains ongoing, the company has completed a focused 3D IP model over the 826 Zone area. The model has outlined chargeability and resistivity features that appear to align with the company’s current geological and analytical interpretation of the 826 Zone trend. Based on this work, McFarlane has identified multiple priority targets along the suspected strike extension of the 826 Zone. The company is currently mobilizing a third drill to site to begin testing these targets, including potential extensions along strike toward the Golden Lake area.
