From Financialpost · · 1m 30s
McFarlane Updates Juby Gold Resource Estimate
McFarlane Lake Mining files updated mineral resource estimate for Juby Gold project, showing 61% more inferred gold.
In brief
McFarlane Lake Mining files updated mineral resource estimate for Juby Gold project, showing 61% more inferred gold. McFarlane Lake Mining reported a 61% increase in inferred gold resources for its Juby Gold project, with 5.09 million ounces at 0.87 g/t. Originally reported by Financialpost.
McFarlane Lake Mining Files Updated Mineral Resource Estimate
McFarlane Lake Mining Limited, a Canadian gold exploration and development company, filed an updated Mineral Resource Estimate for its Juby Gold project in Ontario's Abitibi Belt.
“This independent ni 43-101 report reinforces the scale, quality, and growth potential of juby and provides external validation of what we believe is a highly strategic gold asset in one of ontario's most prolific mining regions.”
Resource Estimate Shows 61% Increase in Inferred Gold
The updated estimate includes 5.09 million inferred ounces of gold at 0.87 g/t contained in 183.05 million tonnes, a 61% increase from the previous technical report.
“This represents a 61% increase in inferred resources and a 6% increase in indicated resources from previous technical report having an effective date of september 29, 2025”
Indicated Resources Rise 6% to 1.07 Million Ounces
Indicated resources increased by 6% to 1.07 million ounces of gold at 0.96 g/t contained in 34.68 million tonnes.
“1.07 million indicated ounces of gold at 0.96 g/t contained in 34.68 million tonnes”
Drilling Permit Extended to August 2029
McFarlane's drilling permit has been extended to August 2029, covering exploration areas including Golden Lake, Juby, and Juby East.
“Recently, mcfarlane was granted an extension of its drilling permit to december 2029.”
Two Additional Drills to Operate by October
Two new drills will be added this month, bringing the total to three operating drills on the property by the end of October.
“The two drills being supplied by bagonean will add to the current drill on the property such that by the end of october three drills will be operating on the property.”
New Drilling Contractor with First Nation Partnership
McFarlane selected Bagone’an Drilling Contractor, a First Nation partnership with JS Drilling of Sudbury, to perform drilling operations on the property.
“Mcfarlane selected bagonean drilling contractor to perform some of its drilling on the property. This contractor is a first nation atikameksheng anishnawbek first nation aafn partnership with js drilling of sudbury.”
Resource Estimate Effective September 29, 2025
The updated Mineral Resource Estimate, prepared under NI 43-101, has an effective date of September 29, 2025, with 92% overall gold recoveries.
“This technical report reflects a minor amendment where inferred resources have increased by 30,000 ounces and indicated resources decreased by 70,000 ounces to the estimate announced august 17, 2026”
The one thing
McFarlane Lake Mining reported a 61% increase in inferred gold resources for its Juby Gold project, with 5.09 million ounces at 0.87 g/t.
