The McMillan Gold Mine was a past producer of gold and is located within 3 km from major highways and power lines. Located geologically in the Huronian Gold Belt 70 km west of Sudbury (Figure 1), this area of the province has been consistently identified as a top gold and polymetallic exploration opportunity as highlighted in the Ontario Geological Survey's "Recommendation for Exploration 2010 to 2011" and "Recommendation for Exploration 2017 to 2018".
FIGURE 1 - Property Location - McMillan Gold Mine
Drilling Program
The company has applied for an exploration permit to conduct an initial 3,000 metre drill program, with plans to commence drilling in Q4 2024. The program is fully funded and designed to test and expand on historic high-grade gold intercepts at the McMillan Gold Mine (Figure 2) and to better understand the geology of the deposit.
A recent sample taken at the site, from what is interpreted to have been historic ore from the McMillan Gold Mine, returned 87.4 gpt gold, 0.59% copper and anomalous cobalt and nickel (Figure 3). This has demonstrated the potential for high-grade gold within the setting of a polymetallic mineralized system. Thus far, McFarlane has not seen any historic assays for copper and other base metals in historic data from the mine. This presents an opportunity to add significant value to the property. The company is also testing for platinum and palladium values, these have yet to be received.
FIGURE 2 - McMillan Mine Longitudinal Section - Historic Gold Intercepts and Mine Workings
FIGURE 3 - Recent High-Grade Gold and Copper Samples from McMillan Mine Site
The property has not been drilled since the early 2000's where exploration intersected 27.9 metres of 6.4 gpt gold including 8.1 metres of 15.7 gpt below the historic mine. In addition to testing historic intercepts, the company also plans to test the system along strike and at depth to materially expand the mineralization for a future resource estimate. Historic drill core is not available for analysis, hence upcoming diamond drilling will help understand the sub surface geology and allow for polymetallic analysis of drill core samples (ie gold, copper, cobalt and nickel).
Advancing Regional Surface Targets
The company has recently completed its regional geological data compilation on the property which was performed by ORIX Geoscience. This information is being used to assess exploration targets on the property. Multiple high-priority targets have been outlined across the underexplored 32 sq. km property (Figure 4). Evaluation of the targets has been based on positive magnetic anomalies and historic surface sampling. Historic ore at the McMillan Gold Mine contains pyrrhotite and is magnetic. Magnetic anomalies identified from historic geophysical surveys may be expressions of additional areas of mineralization and will be explored. Surface sampling -conducted in 2022 by McFarlane- associated with some of the magnetic anomalies returned assays up to 10.9 gpt gold and 0.12% copper, as well as anomalous cobalt and nickel up to 487 and 468 ppm respectively. The identification of polymetallic mineralization suggests strong potential exists across the property that was not historically tested. Prior to the upcoming drill program, the company plans to evaluate these regional targets for polymetallic gold mineralization in hopes to discover additional prospects for drilling.
Figure 4. McMillan Mine Property Regional Surface Target
Qualified Person
The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, P. Geo., Consulting Geologist for the company, and a Qualified Person as defined under National Instrument 43-101.
Technical Information
The samples collected by McFarlane Lake Mining and described in this news release were transported in secure sealed bags for preparation and assay by Agat Labs. The samples reported were crushed in their entirety to 80% passing -10 mesh, with one 500 g subsample split and pulverized to 95% passing 150 mesh. One 50 g aliquot was taken from the subsample for fire assay (FA) with an AAS finish. Samples over 10 g/t gold were subject to a 50 g aliquot FA with gravimetric finish. Multi-element assays were done by ICP-OES finish.
Compliant Resources
McFarlane has compliant gold resources within its property portfolio. In 2023 McFarlane delineated a National Instrument standard 43-101 compliant gold resource for its High Lake Property located 40 kilometres west of Kenora, Ontario near the Ontario/Manitoba border. See Table 1 for the resource statement. https://mcfarlanelakemining.com/news-april-9-mcfarlane-finds-more-gold-extends-gold-mineralization-on-the-purdex-zone/
Table 1: Current Purdex Zone Mineral Resource at 2.6 g/t Au cut-off
About McFarlane Lake Mining Limited
McFarlane is a gold exploration company focused on the exploration and development of its portfolio of properties. The past producing McMillan and Mongowin gold properties, located 70 km west of Sudbury, Ontario, the past producing West Hawk Lake property located immediately west of the Ontario-Manitoba border, and the High Lake gold property (see Table 1 for resource statement) located immediately east of the Ontario-Manitoba border and 8 km from the West Hawk lake property. McFarlane also owns the Michaud/Munro mineral property situated 115 km east of Timmins along the so-called "Golden Highway". McFarlane is a "reporting issuer" under applicable securities legislation in the provinces of, British Columbia, Alberta and Ontario.
Additional information on McFarlane can be found by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, including without limitation; anticipated results of geophysical surveys or drilling programs, estimated timing, geological interpretations and potential mineral recovery processes. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of McFarlane to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Filing Statement dated as of January 14, 2022, which is available for view on SEDAR at www.SEDAR.com Forward-looking statements contained herein are made as of the date of this press release, and McFarlane disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Please Contact:
Mark Trevisiol, Chief Executive Officer
McFarlane Lake Mining Limited
info@mcfarlanelakemining.com
Trillion Energy International Inc. (" Trillion " or the "Company ") (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to announce that the Akcakoca-3 well at the SASB Gas Field has now been put into production.
On July 17, 2024, eleven (11) meters of gas pay was perforated in the Akcakoca-3 well, however, due to delayed pressure build up, was not initially produced.
By Friday September 6 th , 2024 the well head pressure (WHP) for Akcakoca-3 had increased to 616 psi and the well was put into production. Initial production flow rates were 4.28 MMcf/d which increased to 4.66 MMcf/d with WHP increasing to 645 psi.
At the same time, Alapli-2 was opened to test pressure resulting in gas flow to surface, however, is not producing gas in significant quantities at this time -production is pending installation of velocity strings.
"We are thrilled with the strong performance of Akcakoca-3 and the successful flow tests at Alapli-2, "said Arthur Halleran, CEO of Trillion Energy. "All the wells except Bayhanli-2 have now been put on production or flow tested to ascertain if gas is present and capable of production in the 4 ½" production tubing. This confirms that once the 2 3/8" is installed in the wells the gas will flow in a predictable and stable manner."
About the Company
Trillion Energy International Inc is focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye. The Company is 49% owner of the SASB natural gas field, a Black Sea natural gas development and a 19.6% (except three wells with 9.8%) interest in the Cendere oil field. The Company has a 50% interest in 3 oil exploration blocks in S.E. Türkiye. More information may be found on www.sedar.com , and our website.
Con tact
Brian Park, Vice President of Finance
1-778-819-1585
e-mail: info@trillionenergy.com
Website: www.trillionenergy.com
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Company's ability to obtain regulatory approval of the executive officer and director appointments. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. Trillion does not undertake to update any forward-looking information except in accordance with applicable securities laws.
These statements are no guarantee of future performance and are subject to certain risks, uncertainties, delay, change of strategy, and assumptions that are difficult to predict and which may change over time. Accordingly, actual results and strategies could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. These factors include unforeseen securities regulatory challenges, COVID, oil and gas price fluctuations, operational and geological risks, changes in capital raising strategies, the ability of the Company to raise necessary funds for development; the outcome of commercial negotiations; changes in technical or operating conditions; the cost of extracting gas and oil may increase and be too costly so that it is uneconomic and not profitable to do so and other factors discussed from time to time in the Company's filings on www.sedar.com, including the most recently filed Annual Report on Form 20-F and subsequent filings. For a full summary of our oil and gas reserves information for Turkey, please refer to our Forms F-1,2,3 51-101 filed on www.sedar.com, and or request a copy of our reserves report effective December 31, 2022 and updated January 31 2023.
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