MLM News

McFarlane Lake Mining is advancing a multi-million-ounce gold resource in Ontario, its flagship property the “Juby Gold Project” continues its resource expansion, becoming one of the larger gold development projects in Canada's premier mining belt. As investors continue seeking exposure to gold development projects in established mining jurisdictions, resource size, financial strength, and exploration upside remain key factors. McFarlane Lake Mining is focused on advancing its flagship Juby Gold Project in Ontario, which hosts a current mineral resource of approximately 6.2 million ounces of gold across the indicated and inferred categories. Located between Sudbury and Timmins, two of Canada's most prolific mining camps, the project is undergoing continued drilling aimed at expanding the existing resource. The company recently achieved a significant balance sheet milestone by substantially reducing its outstanding debt, allowing more capital to be directed toward exploration and resource growth. Management believes the project has the potential to support a substantially larger gold inventory, the company’s internal target is to prove up 10 million ounces of gold and seeks to do this within a 2year time line. With an established resource, active exploration program, strengthened capital structure, and multiple near-term catalysts, McFarlane Lake Mining is positioning itself as an emerging Canadian gold development company focused on creating long-term shareholder value. For more information on McFarlane Lake Mining Limited (CSE: MLM), please click the request investor info button