Near Surface Intersection Yields 6.58 g/t gold over 10.35 metres

Core Viewpoint - McFarlane Lake Mining Limited announced promising results from its exploration drilling at the Juby Gold Project, indicating high-grade gold mineralization and plans for increased drilling efforts to further explore the area [1][5][21]. Exploration Results - Drill hole JU8-26-142 intersected 6.58 g/t gold over 10.35 metres, within a broader intersection of 3.32 g/t gold over 22.35 metres [5][12]. - The drilling results show a continuation of high-grade gold concentration towards the southwest, with the system remaining open along strike [5][12]. - The company plans to increase drilling in the '826' zone by an additional 400 metres, bringing the total to approximately 1,000 metres of additional drilling [5][12]. Drilling Program - The current drilling program has been expanded to include a total of approximately 1,600 metres in the '826' zone, with additional holes planned to explore further along strike [5][12]. - The '826' zone is located approximately 1,400 to 1,500 metres from the existing Juby deposit, which has seen limited exploration drilling [5][12]. Geological Insights - The mineralization in hole JU8-26-142 is characterized by a brittle-ductile shear zone within Archean conglomerate, with significant alteration and the presence of pyrite [13]. - Gold grades correlate with the intensity of sulphide mineralization and alteration, indicating a complex geological environment conducive to gold deposition [13]. Company Overview - McFarlane Lake Mining Limited is focused on advancing its Juby Gold Project, which has 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 [21][22]. - The company holds a portfolio of 100%-owned gold assets across Ontario, including past-producing mines and other properties [25].