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An update from McFarlane Lake Mining Limited ( (TSE:MLM) ) is now available.
McFarlane Lake Mining Limited has submitted an exploration permit application for its Juby Gold Project and initiated an environmental baseline study. These steps are crucial for advancing the project, which includes plans for a 10,000-metre drilling campaign targeting high-priority zones. The environmental study is a key step towards responsible development and future production permitting, potentially allowing for bulk sampling and initial ore processing. These developments are expected to enhance resource confidence and expand known mineralization, positioning McFarlane strategically within the gold exploration industry.
More about McFarlane Lake Mining Limited
McFarlane Lake Mining Limited is a gold exploration company focused on advancing the Juby Gold Project near Gowganda, Ontario. The company holds a significant inferred and indicated gold resource and is working to update these to comply with NI 43-101 standards. McFarlane also owns other properties, including the McMillan Gold Mine and Mongowin properties, and is a reporting issuer in Ontario, British Columbia, and Alberta.
Average Trading Volume: 1,201,981
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$40.58M
See more insights into MLM stock on TipRanks’ Stock Analysis page.