McFarlane Lake Mining Limited announced the Initial results of a surface field work ("prospecting") program on the Purdex Zone 100% owned High Lake Property west of Kenora, Ontario. A recent press release of May 23, 2023 has established a Mineral Resource Estimate for the Purdex Zone of 96,200 Inferred ounces and 45,800 Indicated ounces of gold at a grade of 10.32 grams per tonne gold and 9.38 grams per tonne gold, respectively. Purdex Zone Mineral Resource at 2.6 g/t Au cut-off.

Classification, Tonnes (k), Au (g/t), Au (k Oz), Indicated, 152, 9.38, 45.8, Inferred, 287, 10.43, 96.2. The program was successful in outlining numerous anomalous areas with 12 samples returning values containing gold. Gold samples were returned in 4 target areas identified in the recent geophysical survey. The highest-grade gold samples collected in the recent field work were obtained west of the recently drilled Purdex Zone (15.9 grams per tonne gold) and east of the Purdex Zone (9.35 grams per tonne gold).

The Eastern and Western area of Purdex is a top target area as identified from the Geophysical survey. The gold samples from these areas were in elevated areas of conductivity supporting geophysical data as having the potential to contain gold mineralization. Of key interest are samples which returned up to 1.55 grams per tonne gold with associated copper values up to 0.87 % in the Porphyry Zone.

Anomalous samples were returned from the Purdex Zone, A-D extension, Gap and Porphyry Zone. The most significant samples were obtained from 350m east and 120m west of the Purdex Zone along the trend of elevated chargeability. A trend of increasing chargeability is noted to the east of the Purdex zone.

Elevated gold values were returned from the A-D Extension, Gap and Porphyry Zones, which respectively returned grades of 1.87, 1.50 and 1.55 gpt Au. The A-D extension represents the potential on-strike continuation of the historical A, B, C and D Zones drilled by Electrum Lake Gold Mines and Calnor Resources in 1960 and 1986, respectively. Elevated chargeability east of these zones on the High Lake property suggests their continuation in conjunction with the sampling in the area.

The Gap is a 200 metre in length break in drilling between the W and P zones, which remains untested. Elevated chargeability and adjacent recent sampling further enhance this target.