McFarlane Lake Mining Plans Fully Funded 50,000-Meter Drilling Program at Juby Gold Project

Bitget2026/10/19 14:35

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McFarlane Lake Mining outlined a fully funded, 50,000-meter Phase 2 drilling program at its wholly owned Juby gold project in Ontario.
Drilling will span 12-15 months, supported by September 2026 financing that raised C$ 17.25 million in gross proceeds.
Three rigs are expected to be fully deployed before November 1, 2026, targeting resource expansion, infill drilling and new discoveries.
A scoping study is scheduled to begin this quarter, with completion targeted for the end of the second quarter of 2027.
Environmental baseline studies are nearing completion, with an advanced exploration closure-plan submission targeted for early 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. McFarlane Lake Mining Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610191035PRIMZONEFULLFEED9848472) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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McFarlane Lake Mining Plans Fully Funded 50,000-Meter Drilling Program at Juby Gold Project

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