News about McFarlane Lake Mining

McFarlane Lake Mining outlines a fully funded Phase 2 program of 50,000 metres of drilling over the next 12–15 months at its 100%-owned Juby Gold Project near Gowganda, Ontario, with three drills to be deployed before November 1, 2026. Two drills will expand known gold mineralization, while a third starts with infill drilling before testing priority new targets. The program is backed by a September 2026 financing that raised C$17.25 million gross and is nearly four times the 12,982 m drilled in Phase 1. The recently filed resource estimate reports 1.07 million ounces of Indicated gold at 0.96 g/t and 5.09 million ounces of Inferred gold at 0.87 g/t. A scoping study will begin this quarter with results by late Q2 2027, and an advanced exploration closure plan is targeted for early 2027.