Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
McFarlane Lake Mining Limited ( (TSE:MLM) ) just unveiled an announcement.
McFarlane Lake Mining reported strong new drilling results at the Golden Lake zone of its Juby Gold Project in Ontario, including 136 metres grading 0.67 g/t gold and an updated, significantly extended intersection of 208.2 metres at 0.88 g/t gold. The company says the consistently wide mineralized intervals exceed expectations, supporting a decision to expand drilling at Golden Lake by at least 1,000 metres while reallocating one of two active drill rigs to the nearby Juby deposit for a 4,000–5,000 metre program, in partnership with local First Nation–affiliated contractors, signalling growing confidence in the project’s scale and potential resource expansion.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited is a mineral exploration company focused on gold projects in Ontario’s Abitibi Greenstone Belt. The company is advancing its 100%-owned Juby Gold Project, where it targets large, bulk-tonnage gold deposits across multiple zones, including the Golden Lake, Juby and 826 areas.
Average Trading Volume: 953,319
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$65.61M
For an in-depth examination of MLM stock, go to TipRanks’ Overview page.