Key facts
| Company | McFarlane Lake Mining (CSE: MLM) |
|---|---|
| Commodity | Gold |
| Location | Ontario, Canada |
| Stage | Early exploration |
News releases18 on file
McFarlane Lake Mining Outlines Fully Funded 50,000-metre Phase 2 Drilling Program at Juby Gold Project
A fully funded 50,000-metre Phase 2 drilling program is planned over 12-15 months at the 100%-owned Juby Gold Project west of Gowganda, Ontario, with three drills deployed before November 1, 2026 — two on resource expansion and one on infill drilling and new targets — funded by September 2026 financing that raised C$17.25 million gross. A scoping study starts this quarter with results by late Q2 2
Drill resultsMcFarlane Files Updated Mineral Resource Estimate on Juby Gold Project
An updated NI 43-101 mineral resource estimate for the Juby Gold Project near Gowganda, Ontario has been filed on SEDAR+, reporting 1.07 million indicated ounces of gold at 0.96 g/t in 34.68 million tonnes and 5.09 million inferred ounces at 0.87 g/t in 183.05 million tonnes, using a US$3,600/oz gold price, 92% recoveries and cut-offs of 0.25 g/t (open pit) and 1.60 g/t (underground). Compared wit
Resource updateMcFarlane Increases Gold Mineral Resources on Its Juby Gold Project
An updated mineral resource estimate for the Juby Gold project near Gowganda, Ontario, effective August 14, 2026, reports 5.06 million inferred ounces at 0.87 g/t gold in 180.67 million tonnes and 1.14 million indicated ounces at 0.95 g/t gold in 37.17 million tonnes, using a US$3,600/oz gold price — increases of 59% and 13% over the September 29, 2025 estimate. At US$4,600/oz gold, the figures ri
Resource updateMcFarlane intersects 179 metres (m) of 0.87 grams/tonne (g/t) Gold and 155 m of 0.9 g/t Gold
Drilling at the Golden Lake deposit on the 100%-owned Juby Gold Project near Gowganda, Ontario returned 179.10 m of 0.87 g/t gold from 34 m in hole GL-83A, including 15.55 m of 1.58 g/t and 6.9 m of 2.33 g/t, and 155 m of 0.9 g/t gold from 65.85 m in hole GL-83, including 11.4 m of 2.37 g/t. Hole GL26-87 returned 93 m of 0.89 g/t gold, extending strike length to 1.9 km from 0.75 km. Eight holes ov
Drill resultsMcFarlane Lake Mining Fast-Tracks Juby Gold Project Growth, Initiating MRE Update and Advancing the Extraction of Bulk Sample of Gold Mineralization
An updated NI 43-101 Mineral Resource Estimate for the 100%-owned Juby Gold Project near Gowganda, Ontario is scheduled for release in June 2026, incorporating current drilling at the Golden Lake deposit, where mineralization has been traced over 400 metres along strike with intercepts from 92 metres at 0.95 g/t gold to 208 metres at 0.88 g/t gold. Eight holes totalling 5,200 m are complete at Gol
Resource updateDrilling at Juby Gold Project Intersects 95.4 metres(m) at 1.36 g/t gold
Drill hole GL 26-71 at the Golden Lake Zone of the 100%-owned Juby Gold Project west of Gowganda, Ontario returned 1.36 g/t gold over 95.4 metres, including 55.4 metres at 1.96 g/t and 9.9 metres at 3.22 g/t, with some assays pending; the intersection lies outside the September 29, 2025 resource estimate. Drilling has also expanded the 826 Zone mineralized envelope to about 300 metres along strike
Drill resultsMcFarlane Commences Exploration Drilling at Juby Gold Project
Exploration drilling has begun at the 100%-owned Juby Gold Project west of Gowganda, Ontario, with 12,000 to 13,000 metres planned and completion expected by May 2026. The first hole, in the 826 zone, follows up a 2013 intercept, with two more holes planned there; the bulk of drilling will target the Golden Lake and Juby zones mainly at depth. The property covers 8.7 kilometres of strike across fo
Drill resultsMcFarlane Targets Resource Expansion at Juby Gold Project
A 12,000 to 13,000 metre diamond drilling program for 2025–2026 has begun at the 100%-owned Juby Gold Project west of Gowganda, Ontario, targeting an additional 15 to 30 million tonnes of mineralization at an estimated 0.9 to 1.1 g/t gold around the Golden Lake and Juby east and west zones. A parallel program will sample 2,000 metres of historic drill core, the first phase of about 10,000 metres o
Resource updateMcFarlane Files Mineral Resource Estimate on Juby Gold Project
A NI 43-101 mineral resource estimate for the Juby Gold Project near Gowganda, Ontario has been filed on SEDAR+, with an effective date of September 29, 2025: 1.01 million indicated ounces at 0.98 g/t gold (31.74 million tonnes) and 3.17 million inferred ounces at 0.89 g/t gold (109.48 million tonnes), using US$2,500/oz gold and cut-offs of 0.25 g/t open pit and 1.85 g/t underground. At US$3,750/o
Resource updateMcFarlane Lake Mining Provides Update on Juby Gold Project
A review of over 110,000 metres of historic drill core from 2000-2011 at the Juby Gold Project near Shining Tree, Ontario identified nearly 10,000 metres of previously unsampled core, with about 2,000 metres prioritized and being processed; assays are expected in the coming weeks. The company has hired Northern Ontario–based geologists and technicians and is preparing a 10,000-to-15,000-metre diam
CorporateMcFarlane Issues NI 43-101 Mineral Resource Estimate on Its Juby Gold Project
An NI 43-101 mineral resource estimate for the Juby Gold Project near Gowganda, Ontario, with an effective date of September 29, 2025, reports 1.01 million indicated ounces at 0.98 g/t gold and 3.17 million inferred ounces at 0.89 g/t gold, using a US$2,500/oz gold price and cut-offs of 0.25 g/t for open pit and 1.85 g/t underground. At a US$3,750/oz sensitivity, 194 million tonnes at 0.87 g/t con
Resource updateMcFarlane Lake Mining Submits Exploration Permit Application and Initiates Environmental Baseline Study at Juby Gold Project
An exploration permit application has been submitted to the Ontario Ministry of Mines for the Juby Gold Project near Gowganda, Ontario, supporting plans for up to 10,000 metres of drilling expected to start before year-end, along with IP and magnetic geophysical surveys. An environmental baseline study has also been initiated, intended to underpin a first closure plan and an Advanced Exploration P
CorporateMcFarlane Lake Mining Acquires the Juby Gold Project
The US$22 million acquisition of a 100% interest in the Juby Gold Project near Gowganda, Ontario, and a 25% joint venture interest in the adjacent Knight property from Aris Mining Holdings Corp. has closed, paid with US$13,165,677 cash and 82,023,746 common shares, giving Aris Mining 19.9% of McFarlane Lake. Concurrent financings closed for US$15 million of 15% senior secured debenture units and C
AcquisitionMcFarlane Lake Receives Offer to Purchase Its High Lake and West Hawk Lake Gold Properties From Total Metals; McFarlane Amends C$12.5 Million Private Placement in Connection With Its Acquisition of the Juby Gold Project
A binding agreement has been signed to sell the High Lake property (east of the Ontario-Manitoba border) and the West Hawk Lake property (west of the border) to Total Metals Corp. for approximately C$9.25 million, comprising C$7,250,000 cash on closing and C$2,000,000 in Total Metals shares, with closing expected on or before October 31, 2025, subject to Total Metals raising the cash consideration
AcquisitionMcFarlane Lake Announces up to Us$25 Million of Financing in Support of Its Proposed Acquisition of the Juby Gold Project
An agreement in principle has been reached for a bridge financing of up to US$15,000,000 with a syndicate of lenders, alongside a concurrent non-brokered equity offering of up to US$10,000,000, to fund the cash portion of the proposed acquisition of the Juby Properties and an interest in the Knight Properties from Aris Mining Holdings Corp. under the July 7, 2025 asset purchase agreement. The brid
FinancingMcFarlane Commences Mineral Resource Update at Juby Gold Project Targeting Material Increase to Contained Gold Ounces
An updated NI 43-101 mineral resource estimate has begun at the Juby Gold Project in Ontario, with BBA E&C Inc. engaged from its Sudbury office and a draft report expected later in August. The update will use a gold price of US$2,400-$2,800/oz, a lowered cut-off grade of 0.2 g/t, and about 10,000 metres of drilling not in the historical estimate, which reported 773,000 oz indicated (21,310,000 t a
Resource updateMcFarlane Comments on Its Proposed Acquisition of One of Ontario’s Largest Undeveloped Gold Properties - The Juby Gold Project - With a Significant Historical Gold Resource
Details were provided on the proposed acquisition of the Juby Gold Project in Northeastern Ontario from Aris Mining Holdings Corporation under a definitive asset purchase agreement dated July 7, 2025. A historical July 2020 NI 43-101 estimate reports 773,000 oz gold indicated (21,310,000 tonnes at 1.13 g/t) and 1.49 million oz inferred (47,146,000 tonnes at 0.98 g/t) at a 0.4 g/t cutoff, across fo
AcquisitionAris Mining Announces Sale of Juby Gold Project to McFarlane Lake Mining
McFarlane Lake Mining has signed a definitive asset purchase agreement to acquire Aris Mining's Juby Gold Project in the Shining Tree area of Ontario's Abitibi greenstone belt, including a 100% interest in Juby and a 25% joint venture interest in the adjacent Knight property, for US$22 million. Consideration comprises US$10 million cash on closing, McFarlane shares up to 19.9% of its post-financin
Acquisition