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McFarlane Lake Mining Limited ( (TSE:MLM) ) has shared an announcement.
McFarlane Lake Mining Limited has provided an update on its Juby Gold Project, which currently hosts a significant mineral resource estimate of over 4 million ounces of gold. The company is actively advancing the project through exploration activities, including hiring local geologists and technicians, engaging with First Nations, and planning a substantial diamond drilling program. Additionally, McFarlane is conducting a comprehensive review of historic drill cores to potentially increase the gold resource without new drilling. The company is also focusing on investor relations and environmental studies to support sustainable development and future ore extraction.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited operates in the mining industry, focusing on the exploration and development of gold resources. The company is primarily engaged in advancing its Juby Gold Project in Ontario, which is part of the prolific Abitibi Greenstone Belt.
Average Trading Volume: 996,838
Technical Sentiment Signal: Hold
Current Market Cap: C$27.06M
See more data about MLM stock on TipRanks’ Stock Analysis page.