McFarlane Issues NI 43-101 Mineral Resource Estimate on Its Juby Gold Project

Core Insights - McFarlane Lake Mining Limited has announced a Mineral Resource Estimate (MRE) for its Juby Gold project, indicating significant gold resources [1] Resource Estimate - The MRE includes 3.17 million inferred ounces of gold at a grade of 0.89 grams per tonne (gpt) [1] - Additionally, it reports 1.01 million indicated ounces of gold at a grade of 0.98 gpt, based on a long-term gold price of US$2500 per ounce [1] - Under a higher gold price scenario of US$3750 per ounce, the resource could yield 5.42 million ounces at a grade of 0.87 gpt, contained in 194 million tonnes [1] Project Location and Classification - The Juby Gold project is located approximately 15 kilometers west of Gowganda, Ontario, and about 90 kilometers west of Temiskaming Shores, Ontario [1] - The MRE has been classified according to CIM Definition Standards on Mineral Resources and Mineral Reserves, adhering to best practice guidelines [1]