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McFarlane Targets Resource Expansion at Juby Gold Project
Identifies additional potential resources of 15 million to 30 million tonnes of mineralization at...
About this update from Mcfarlane Lake Mining Limited
[{"type":"text","content":"McFarlane Targets Resource Expansion at Juby Gold Project\n\n\n\n\n\n Identifies additional potential resources of 15 million to 30 million tonnes of mineralization at an estimated range of 0.9 to 1.1 gram per tonne gold\n \n\n\n 1\n \n\n\n\n\n Launches largest single drill program in Juby’s history\n \n\n\n\n TORONTO, Dec. 11, 2025 (GLOBE NEWSWIRE) --\n \n McFarlane Lake Mining Limited\n \n (“\n \n McFarlane\n \n ” or the “\n \n Company\n \n ”) (CSE: MLM, OTC: MLMLF) is pleased to announce the 2025–2026 Diamond Drilling Exploration Program of 12,000 to 13,000 metres at its 100%-owned\n \n Juby Gold Project\n \n , located west of Gowganda, Ontario, within the southern part of the “\n \n Prolific Abitibi Greenstone Belt\n \n ” (See Figure 1 below).\n \n\n\n Highlights:\n \n\n\n\n This winter’s exploration campaign marks the single largest in Juby’s history, designed to unlock the next chapter of growth in Ontario’s Abitibi Greenstone Belt.\n \n\n McFarlane is targeting 15 to 30 million tonnes of gold mineralization at an estimated range of 0.9g/t to 1.1g/t gold. This exploration targets areas around Golden Lake zone and Juby zone primarily.\n \n 1\n \n See Figure 2 and 3 herein.\n \n\n Notably, 62% of drilling at Juby predates 2011— some of the geological resource parameters have significantly changed since 2011, this affects the exploration strategy. The updated exploration strategy at the Juby project is primarily a response to a lower cutoff grade of 0.25 g/t gold used in the new resource model, which differs significantly from the previous 0.4 g/t cutoff grade. This change, reflecting current economic conditions (including a higher gold price), has implications for targeting and drilling.\n \n\n Latest geological modelling software was used to develop Juby’s current resource as well as identify mineralization targets for exploration outside of the resource area. From the model interpolation the highest potential to add gold mineralization is beneath the Golden Lake pit resource area and in both the Juby east zone and Juby west zone.\n \n\n\n\n “The Juby Gold Project continues to demonstrate additional growth potential,” said Mark Trevisiol, CEO of McFarlane Lake Mining. “Our upcoming drilling program,...