McFarlane Lake Mining Launches Major Drilling Program at Juby Gold Project

McFarlane Lake Mining Limited ( (TSE:MLM) ) has shared an announcement.

McFarlane Lake Mining Limited has begun an exploration drilling campaign at its 100%-owned Juby Gold Project in the southern Abitibi Greenstone Belt, marking what management calls an important milestone in advancing one of the largest gold systems in the area. The program will see 12,000 to 13,000 metres of drilling through May 2026, targeting multiple zones over an 8.7-kilometre strike length, with priority focus on expanding known mineralization at the Golden Lake and Juby zones at depth and following up historic intersections in the 826 zone. The initiative is aimed at growing the project’s existing 43-101 mineral resource base and is being advanced alongside environmental baseline studies that support future bulk sample applications and permitting, underscoring McFarlane’s push to de-risk and potentially elevate Juby’s development profile within its broader Ontario gold portfolio.

More about McFarlane Lake Mining Limited

McFarlane Lake Mining Limited is a Canadian gold exploration company focused on advancing its flagship Juby Gold Project near Gowganda, Ontario, in the established Abitibi Greenstone Belt. The project hosts a NI 43-101 compliant mineral resource estimate of 1.01 million ounces of gold in the Indicated category and 3.17 million ounces in the Inferred category at sub-gram grades, with sensitivity at higher gold prices indicating additional potential resources. Beyond Juby, McFarlane also owns a portfolio of 100%-owned gold assets across Ontario, including the past-producing McMillan Gold Mine and other properties near Sudbury and Timmins, positioning it as a pure-play Ontario gold explorer.

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Current Market Cap: C$37.72M

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