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McFarlane Lake Mining

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McFarlane Lake Mining Limited is a publicly traded Canadian gold exploration company focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, within the Abitibi Greenstone Belt.

Investor website: https://mcfarlanelakemining.com/

About

McFarlane Lake Mining Limited is a publicly traded Canadian gold exploration company focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, within the Abitibi Greenstone Belt. The Juby Project hosts a current NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category and 3.17 million ounces in the Inferred category. The company is advancing exploration drilling and technical studies at Juby and holds a portfolio of 100%-owned gold assets across Ontario, including the McMillan Gold Mine and Michaud/Munro properties.

Verified company data

Cash position
6.5 million
Shares outstanding
244,738,654
Fully diluted shares
577.2 million
Mineral resource
The Juby Project hosts a current NI 43-101 compliant Mineral Resource Estimate (MRE) (effective September 29, 2025). 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold (31.74 million tonnes). 3.17 million ounces of gold in the Inferred category at an average grade of 0.89 g/t gold (109.48 million tonnes). The estimate was calculated using a long-term gold price of US$2,500 per ounce, applying cut-off grades of 0.25 g/t gold for open pit and 1.85 g/t gold for underground resources. A sensitivity analysis completed at a higher gold price of US$3,750 per ounce indicates an Indicated Mineral Resource of 1.20 million ounces grading 0.94 g/t gold (39.51 million tonnes) and an Inferred Mineral Resource of 4.23 million ounces grading 0.85 g/t gold (154.50 million tonnes). Cut-off grades of 0.25 g/t gold for open pit and 1.15 g/t gold for underground resources.
Projects
["Juby Project: McFarlane Lake Mining Limited is focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, Southern part of the well established Abitibi Greenstone Belt. The project is 100% owned by McFarlane Lake Mining Limited and is currently in the Resource Definition stage with a completed Mineral Resource Estimate (MRE). The geological setting is Archean-age Abitibi Belt with a world-class gold endowment. The project is road accessible, with power nearby and established mining support services. To date, 116,000 metres have been drilled with 90% metallurgical recoveries."]
Leadership
Mark Trevisiol (President, CEO, Over 30 years of experience in mining and metals processing. Former Senior Executive in Falconbridge and Xstrata Nickel.), Brad Boland (CFO, Corporate Secretary, Over 25 years of experience in the resource industry, holding positions such as VP Finance for Goldcorp and CFO for Consolidated Thompson Iron Mines.), Winston Whymark (Manager Exploration, Over 15 years in gold exploration management roles.), Andrew McLellan, MSc (Senior Geologist, 15 years experience in gold exploration in the Abitibi Greenstone belt, previously worked for Glencore and Trelawney Mining.), Perry Dellelce (Chair, Managing partner of Wildeboer Dellelce LLP, specializes in corporate finance and transactional law.), Amanda Fullerton (Vice President, Legal & Corporate Secretary of GCM Mining Corp., extensive experience in corporate finance and mining law.), Dario Zulich (Entrepreneur and community leader, CEO of SW Sports and Entertainment Inc., former CEO of TESC Contracting Limited.), Deborah Battiston (CPA, ICD.D, over 35 years of financial management experience, including CFO roles in multiple mining companies.), Fergus Kerr (Professional Mining Engineer, over 35 years of experience in mine operations and safety.), Roger Emdin (Professional Engineer, over 40 years of experience in mining operations and project development.), Steve Kaszas (Over four decades in financial services, senior leader at BMO Nesbitt Burns, community advocate.)

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