McFarlane Receives Exploration Permit

Core Insights - McFarlane Lake Mining Limited has received an Exploration Permit for the Juby Gold Project, marking a significant milestone for the company as it prepares for a major drilling campaign [1][2][3] Exploration Permit and Drilling Plans - The Exploration Permit allows for various activities including diamond drilling, line cutting, and geophysical surveys, enabling the company to execute an expanded drilling program targeting priority areas identified through geological modeling [3][5] - The company has established partnerships with two drilling contractors, including Bagone'an and Wiijiiwaagan Drilling Limited Partnership, which involve local First Nations, enhancing operational depth and community participation [4][5] 2026 Drill Program Objectives - The upcoming 2026 drill program is anticipated to be one of the most significant in the project's history, aiming to expand known mineralized zones, evaluate new targets, and strengthen relationships with local and Indigenous communities [6][7] Mineral Resource Estimates - The current Mineral Resource Estimate (as of September 29, 2025) indicates 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold, and an additional 3.17 million ounces in the Inferred category at an average grade of 0.89 g/t gold [8][9] - A sensitivity analysis at a higher gold price of US$3,750 per ounce suggests an increase in the Indicated Mineral Resource to 1.20 million ounces and Inferred Mineral Resource to 4.23 million ounces [9] Company Overview - McFarlane Lake Mining Limited is focused on advancing its flagship Juby Gold Project located in the Abitibi Greenstone Belt, with a portfolio of 100%-owned gold assets across Ontario [12]