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McFarlane Lake Mining Limited ( (TSE:MLM) ) just unveiled an update.
McFarlane Lake Mining Limited has submitted an exploration permit application for its Juby Gold Project, aiming to conduct up to 10,000 meters of drilling by year-end. The company has also initiated an environmental baseline study, which is crucial for future production permitting and de-risking the project. This move is expected to enhance McFarlane’s operational capabilities and strengthen its position in the gold exploration industry.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited is a gold exploration company focused on advancing the Juby Gold project near Gowganda, Ontario. The company is engaged in exploring and updating historical resources to comply with current standards. McFarlane also owns other mineral properties, including the McMillan Gold Mine property and the Mongowin gold property, among others.
Average Trading Volume: 1,201,981
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$40.58M
For a thorough assessment of MLM stock, go to TipRanks’ Stock Analysis page.