McFarlane Lake Mining Updates on Juby Gold Project

McFarlane Lake Mining Limited has provided a new update on its Juby Gold Project in Ontario. The project boasts an NI 43-101 compliant Mineral Resource Estimate, featuring 1.01 million ounces of gold in the Indicated category and an additional 3.17 million ounces in Inferred. The company, with its exploration team, is preparing for a significant drilling program to expand this resource.

The team, led by Winston Whymark, is focused on reviewing historical data and processing drill cores, looking to add significant gold ounces without extensive new drilling. McFarlane is also engaging First Nations in early-stage involvement and working on environmental studies to support sustainable site development.

Additionally, the company has granted 35.1 million stock options to its leadership and consultants, aligning efforts with investor relations to secure more opportunities in ongoing major industry conferences.