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McFarlane Lake Mining Limited ( (TSE:MLM) ) has provided an update.
McFarlane Lake Mining Limited has appointed veteran financial services executive Steve Kaszas to its board of directors, adding more than 40 years of Bay Street and global investment management experience to its governance ranks. The company expects Kaszas’ strategic leadership, extensive client network and community-focused track record to support efforts to broaden its shareholder base and enhance the development and marketing of its flagship Juby Gold Project, underscoring McFarlane’s push to strengthen capital markets engagement as it advances a significant gold resource portfolio in Ontario.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited is a Canadian gold exploration and development company focused on advancing its flagship Juby Gold Project in the Abitibi Greenstone Belt near Gowganda, Ontario. The project hosts a substantial NI 43-101 compliant mineral resource, with over 1 million ounces of gold in the Indicated category and more than 3 million ounces in the Inferred category at current assumptions, and the company is actively drilling and conducting technical studies to advance this large-scale system. Beyond Juby, McFarlane holds a portfolio of 100%-owned gold assets in Ontario, including the past-producing McMillan Gold Mine and properties near Sudbury and Timmins, positioning it as an emerging player in the province’s gold sector.
Average Trading Volume: 471,939
Technical Sentiment Signal: Hold
Current Market Cap: C$46.1M
For an in-depth examination of MLM stock, go to TipRanks’ Overview page.