McFarlane Lake drills 10.35 m of 6.58 g/t Au at Juby

Executive Summary

• McFarlane Lake Mining Ltd. reported high-grade near-surface gold intersections from its second drill hole (JU8-26-142) at the Juby gold project in Ontario.
• The company is significantly expanding its exploration program, adding 400 meters of drilling to the 826 zone, bringing the total additional drilling in that zone to 1,000 meters and the total program to approximately 1,600 meters.
• Management is pivoting the drilling strategy to chase the newly identified high-grade trend, supported by follow-up geophysics.

Key Details

• Drill Hole JU8-26-142 Results:
  • Intersected 6.58 g/t gold over 10.35 meters.
  • Contained within a broader intersection of 3.32 g/t gold over 22.35 meters.
  • Logged 20 separate occurrences of visible gold.
• Drilling Expansion:
  • Added 400 meters of additional drilling in the 826 zone (two additional holes of 200m each).
  • Total additional drilling in the 826 zone is now 1,000 meters.
  • Total drilling for the current program is approximately 1,600 meters.
  • New holes to be drilled along strike, approximately 100m stepout from hole JU-13-137.
• Geological Context:
  • Mineralization hosted in a brittle-ductile shear zone cutting Archean conglomerate.
  • Strongly iron carbonate-altered intermediate to mafic dikes intersect the conglomerate.
  • Gold grades correlate with intensity of sulphide mineralization, silica/iron carbonate alteration, and brecciation.
• Future Plans:
  • After the 826 zone, drilling will focus on Golden Lake and then the Juby zone.
  • Target is to expand mineralization at depth in both deposits.
• Existing Resource Context (Effective Sept. 29, 2025):
  • Indicated: 1.01 million ounces at 0.98 g/t Au (31.74 Mt).
  • Inferred: 3.17 million ounces at 0.89 g/t Au (109.48 Mt).
  • Calculated at $2,500/oz Au.

Notable Quotes

• "We are enthused by these early results... Our second hole delivered a high-grade near-surface intersection, which has caused us to pivot from our original drilling plan. We plan to chase this a bit more and follow up with geophysics to try to track this high-grade gold trend." — Mark Trevisiol, CEO and Chairman