McFarlane Lake Mining Updates Juby Gold Project Mineral Resource Estimate
News related to:McFarlane Lake Mining Limited · 2 min read
McFarlane Lake Mining Limited announced the filing of an updated Mineral Resource Estimate (MRE) for its Juby Gold project, located in the Abitibi Belt of Ontario, Canada. The Technical Report, prepared in accordance with National Instrument 43-101, is now available under the company’s issuer profile on SEDAR+ and on its website.
The key highlights of the MRE include: - 1.07 million indicated ounces of gold at 0.96 g/t contained in 34.68 million tonnes. - 5.09 million inferred ounces of gold at 0.87 g/t contained in 183.05 million tonnes. - This represents a 61% increase in inferred resources and a 6% increase in indicated resources from the previous technical report with an effective date of September 29, 2025. - Overall gold recoveries at 92%.
The company has also extended its drilling permit to August 2029, covering the main exploration target areas of Golden Lake, Juby, and Juby East, 826 Zone, as well as Hydro Creek and Big Dome deposit areas. Additionally, two more drills are being added this month, bringing the total number of drills operating on the property to three by the end of October.
The MRE has been classified and reported in accordance with the CIM Definition Standards (2014) and prepared following the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2019). The estimate incorporates a comprehensive review of historical and modern geological information, including drill logs, assays, geological modelling, and spatial interpretation of the mineralized zones.
The accompanying NI 43-101 Technical Report, now filed on SEDAR+, provides full details of the methodology, data verification, estimation parameters, and geological context underpinning the resource. The independent nature of this work provides third-party validation of the scale and quality of the Juby deposit, marking a significant milestone for McFarlane Lake Mining as it advances the project toward its next phase of exploration and development.
McFarlane Lake Mining Limited is a Canadian gold exploration company focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, within the established Abitibi Greenstone Belt. The Juby Project hosts a current (effective August 14, 2026) NI 43-101 Mineral Resource Estimate (MRE) of 1.07 million ounces of gold in the Indicated category at an average grade of 0.96 g/t gold (34.68 million tonnes) and an additional 5.09 million ounces of gold in the Inferred category at an average grade of 0.87 g/t gold (183.05 million tonnes).