Mayo Lake Minerals (CSE: MLKM) is raising up to $700,000 through a private placement, with flow-through funds going to reprocess soil geochemistry to prioritize up to six drill targets and to run 3D magnetic inversion on buried intrusions. Its work on the 86 sq. km. Anderson Gold Trend suggests most prospects are low-grade, bulk-minable Reduced Intrusion-Related Gold Systems (RIRGS), with possible higher-grade epithermal veins nearby. Dawn Gulch and Andy Owl show RIRGS characteristics, while Norman points to epithermal veins. At Andy Owl, a 640m RC program intercepted a gold structure continuous for 50m along strike, with one hole grading 0.9g Au/t over 3.1m. The company aims to select its best gold targets for diamond drilling in spring-summer 2027.
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