McFarlane Lake Mining (NEO:MLM, OTCQB:MLMLF) president and CEO Mark Trevisiol tells Proactive’s Stephen Gunnion that the net proceeds from an upsized C$1.3 million private placement this month will be used to further explore the company’s High Lake and West Hawk Lake properties near the Ontario/Manitoba border.
Trevisiol also takes Proactive through the rest of the company’s portfolio of six gold properties in Canada, including three past producers, derisking its investment. All properties are near road and power infrastructure, he added.
“We have assets that we believe are ripe, given the gold price, ripe for development and with mineralization fairly close to surface,” Trevisiol said.
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