# McFarlane Lake Mining (CSE:MLM)

> 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.

## 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.

## Key facts

- **Cash position:** 6.5 million
- **Shares outstanding:** 244,738,654
- **Fully diluted shares:** 577.2 million
- **Warrants:** 2,939,916
- **Options:** 23,525,000
- **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) with 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. Managed operations in mining, milling, smelting and refining.), Brad Boland (CFO, Corporate Secretary, Over 25 years of experience in the resource industry, holding positions such as VP Finance for Goldcorp, VP Controller for Kinross, CFO for Consolidated Thompson Iron Mines, and he is currently the CFO for Kiboko Gold Inc. and Volta Metals Ltd.), Winston Whymark (Manager Exploration, Winston has worked in exploration for over 15 years, most of that time spent in gold exploration in management roles. He is manager of operations for Inventus Mining and was formerly Exploration Supervisor for Argonaut Gold.), Andrew McLellan, MSc (Senior Geologist, Andrew is a geologist with 15 years experience working in the Abitibi Greenstone belt focused on gold exploration. He has spent time working for Glencore, Trelawney Mining and Exploration, Baffinland Iron Mines, and various gold exploration companies.), Perry Dellelce (Director, Mr. Dellelce is a founder and the managing partner of Wildeboer Dellelce LLP, one of Canada’s leading corporate finance and transactional law firms.), Amanda Fullerton (Director, Ms. Fullerton has been the Vice President, Legal & Corporate Secretary of GCM Mining Corp. since March 25, 2019.), Dario Zulich (Director, Mr. Zulich is an accomplished entrepreneur and community leader who has made significant contributions to the sports and entertainment industry as well as to the business and philanthropic communities in Northeastern Ontario.), Deborah Battiston (Director, Ms Battiston is a CPA and an ICD.D with over 35 years of financial management experience, 24 of which are in the public company sector.), Fergus Kerr (Director, Mr. Kerr is a Professional Mining Engineer with over 35 years of experience, including 14 years at Denison Mine’s Elliot Lake uranium mine.), Roger Emdin (Director, Roger has 30+ years in mine operations and executive leadership, including roles at Harte Gold and Sudbury Integrated Nickel.)

_Verified data last updated: 2026-06-12_

## Recent filings

- 2026-06-15 — other — [MLM:CNX_2026-06-15_17-31-08.pdf](https://ai-chat-dev-red.vercel.app/mlm/preview/55446?documentId=55446)
- 2026-06-06 — press_release — [MLM:CNX_2026-06-06_00-14-00.pdf](https://ai-chat-dev-red.vercel.app/mlm/preview/54641?documentId=54641)
- 2026-06-05 — press_release — [MLM:CNX_2026-06-05_10-10-35.pdf](https://ai-chat-dev-red.vercel.app/mlm/preview/54345?documentId=54345)
- 2026-06-01 — press_release — [MLM:CNX_2026-06-01_07-57-24.pdf](https://ai-chat-dev-red.vercel.app/mlm/preview/53353?documentId=53353)
- 2026-05-28 — press_release — [MLM:CNX_2026-05-28_07-44-59.pdf](https://ai-chat-dev-red.vercel.app/mlm/preview/53015?documentId=53015)
- 2026-05-26 — press_release — [MLM:CNX_2026-05-26_06-21-01.pdf](https://ai-chat-dev-red.vercel.app/mlm/preview/52465?documentId=52465)
- 2026-05-19 — press_release — [MLM:CNX_2026-05-19_06-39-27.pdf](https://ai-chat-dev-red.vercel.app/mlm/preview/51303?documentId=51303)
- 2026-04-29 — press_release — [McFarlane Lake Mining Fast-Tracks Juby Gold Project Growth, Initiating MRE Update and Advancing the Extraction of Bulk Sample of Gold Mineralization](https://ai-chat-dev-red.vercel.app/mlm/preview/34252?documentId=34252)

## Investor FAQ

### [Latest news?](https://ai-chat-dev-red.vercel.app/mlm/faq/latest-news)

The latest news from McFarlane Lake Mining includes the announcement on April 29, 2026, regarding the fast-tracking of the Juby Gold Project growth, the initiation of a Mineral Resource Estimate update, and the advancement of the extraction of a bulk sample of gold mineralization.

### [Upcoming catalysts?](https://ai-chat-dev-red.vercel.app/mlm/faq/upcoming-catalysts)

Upcoming catalysts for McFarlane Lake Mining include the release of interim consolidated financial statements and MD&A for the period ended November 30, 2025, which are expected in Q1 2026. Specific dates for future announcements have not been disclosed.

## Live AI chat

- https://ai-chat-dev-red.vercel.app/mlm/chat
- Investor website: https://mcfarlanelakemining.com/