McFarlane Lake Mining Announces Juby Gold Project Resource Estimate

McFarlane Lake Mining Limited has released its NI 43-101 Mineral Resource Estimate for the newly acquired Juby Gold Project in Ontario. The project contains 3.17 million inferred ounces of gold at 0.89 grams per tonne and 1.01 million indicated ounces at 0.98 grams per tonne, based on a long-term gold price of USD $2,500 per ounce.

Resource sensitivities indicate the potential for 5.42 million ounces at a price of USD $3,750 per ounce. The estimate has been independently prepared by Todd McCracken, P.Geo, of BBA E&C Inc., adhering to CIM standards.

McFarlane is moving forward with an application for an exploration permit and sees significant potential for further gold discoveries. The full Technical Report will be made available on SEDAR within 45 days, further detailing resource classifications and geological assessments.