CORRECTION FROM SOURCE: Mcfarlane Lake Mining Submits Exploration Permit Application and Initiates Environmental Baseline Study at Juby Gold Project
McFarlane Lake Mining (CSE:MLM / OTC:MLMLF) submitted an Exploration Permit to the Ontario Ministry of Mines for the Juby Gold Project on October 6, 2025, supporting up to 10,000 metres of drilling planned to start before year-end and targeting multiple high‑priority zones.
The company also initiated an environmental baseline study to advance permitting timetables and de‑risk future production permitting, with the aim of progressing to an Advanced Exploration Permit for bulk sampling and potential offsite processing. The project hosts a reported non‑NI 43‑101 inferred resource of 1,488,000 oz at 0.98 g/t gold and an updated Mineral Resource Estimate is expected in the coming days.
McFarlane Lake Mining (CSE:MLM / OTC:MLMLF) ha presentato un Permesso di Esplorazione al Ministero delle Miniere dell'Ontario per il progetto Juby Gold il 6 ottobre 2025, supportando fino a 10.000 metri di trivellazione prevista per iniziare prima della fine dell'anno e mirata a molteplici zone ad alta priorità.
L'azienda ha anche avviato uno studio di base ambientale per avanzare i tempi di autorizzazione e ridurre i rischi legati al rilascio della produzione futura, con l'obiettivo di progredire verso un Permesso di Esplorazione Avanzato per il campionamento in bulk e un possibile processamento fuori sito. Il progetto ospita una risorsa inferita non NI 43-101 di 1.488.000 oz a 0,98 g/t di oro e una stima aggiornata delle risorse minerali è attesa nei prossimi giorni.
McFarlane Lake Mining (CSE:MLM / OTC:MLMLF) presentó un Permiso de Exploración ante el Ministerio de Minas de Ontario para el Proyecto Juby Gold el 6 de octubre de 2025, respaldando hasta 10,000 metros de perforación planificada para comenzar antes de fin de año y enfocándose en varias zonas de alta prioridad.
La empresa también inició un estudio ambiental base para avanzar en los plazos de permisos y reducir riesgos de permisos de producción futuros, con el objetivo de avanzar hacia un Permiso de Exploración Avanzado para muestreo a gran volumen y posible procesamiento fuera del lugar. El proyecto alberga una recurso inferido no NI 43-101 de 1,488,000 oz a 0.98 g/t de oro y se espera una Actualización de la Estimación de Recursos Mineral en los próximos días.
McFarlane Lake Mining (CSE:MLM / OTC:MLMLF) 는 2025년 10월 6일 Juby Gold Project에 대한 탐사 허가를 온타리오 주 광물부에 제출했으며, 1만 미터의 시추를 연말 이전에 시작하고 다수의 고우선순위 영역을 대상으로 한다.
회사는 또한 퍼밋 일정의 진행을 돕고 향후 생산 허가의 리스크를 낮추기 위해 환경 기초 연구를 시작했으며, 대량 시료 채취 및 가능하면 현장 외 처리에 대한 고급 탐사 허가로의 진전을 목표로 한다. 이 프로젝트는 NI 43-101 비인정 추정 자원으로 1,488,000온스, 0.98 g/t의 금를 보유하고 있으며, 향후 며칠 내에 자원 추정치가 업데이트될 예정이다.
McFarlane Lake Mining (CSE:MLM / OTC:MLMLF) a soumis un Permis d'exploration au Ministère de Mines de l'Ontario pour le Projet Juby Gold le 6 octobre 2025, soutenant jusqu'à 10 000 mètres de forage prévus pour débuter avant la fin de l'année et ciblant plusieurs zones de haute priorité.
L'entreprise a également lancé une étude de base environnementale afin d'avancer les calendriers d'autorisation et de réduire les risques liés à l'octroi futur, dans le but de progresser vers un Permis d'exploration avancé pour des échantillonnages en vrac et un éventuel traitement hors site. Le projet abrite une ressource inférée non NI 43-101 de 1 488 000 oz à 0,98 g/t d'or et une mise à jour de l'estimation des ressources minérales est attendue dans les prochains jours.
McFarlane Lake Mining (CSE:MLM / OTC:MLMLF) hat am 6. Oktober 2025 eine Explorationsgenehmigung beim Ontario Ministry of Mines für das Juby Gold Project eingereicht, die bis zu 10.000 Metern Bohrungen unterstützt, die vor Jahresende beginnen sollen, mit Fokus auf mehrere Hochprioritätszonen.
Das Unternehmen hat außerdem eine Umweltbasisstudie eingeleitet, um die Genehmigungspläne voranzutreiben und das Risiko einer zukünftigen Produktionsgenehmigung zu verringern, mit dem Ziel, zu einer Fortgeschrittenen Explorationsgenehmigung für Grobmusterung und eine mögliche externe Verarbeitung vorzudringen. Das Projekt beherbergt eine gemeldete NI 43-101-inferierte Ressource von 1.488.000 oz bei 0,98 g/t Gold und eine aktualisierte Mineralressourcenschätzung wird in den kommenden Tagen erwartet.
McFarlane Lake Mining (CSE:MLM / OTC:MLMLF) قدمت ترخيص استكشاف إلى وزارة معادن أونتاريو لمشروع جولد جيبي في 6 أكتوبر 2025، ويدعم حتى 10,000 متر من الحفر المخطط للبدء قبل نهاية العام ويستهدف مناطق ذات أولوية عالية متعددة.
كما بدأت الشركة دراسة أساسية بيئية للمساعدة في تسريع جداول التصاريح وتقليل مخاطر منح التراخيص الإنتاجية المستقبلية، بهدف التقدم إلى ترخيص استكشاف متقدم لاختبار كميات كبيرة وربما معالجة خارج الموقع. يستضيف المشروع موردًا استنتاجيًا غير NI 43-101 يقدر بـ 1,488,000 أونصة عند 0.98 ج/طن من الذهب ومن المتوقع صدور تقدير الموارد المعدني في الأيام القادمة.
McFarlane Lake Mining (CSE:MLM / OTC:MLMLF) 于 2025 年 10 月 6 日向安大略省矿业部提交了 勘探许可，用于 Juby Gold 项目，最多支持 1万米 的钻探，计划在年末前开始，目标是多个高优先级区段。
公司还启动了一个 环境基线研究，以推动许可时间表并降低未来生产许可的风险，目标是推进至用于大宗取样和潜在离线处理的 高级勘探许可。该项目据报有一个 非 NI 43-101 的推断资源，为 1,488,000 金盎司，品位 0.98 g/t 的金资源，并且预计在未来几天内公布更新的矿产资源评估。
- Exploration permit submitted for up to 10,000 m drilling
- Environmental baseline study initiated to support permitting
- Updated Mineral Resource Estimate expected in coming days
- Stated resource is non‑NI 43‑101 compliant, reducing formal confidence
- Exploration permit is submitted but not yet approved, timing uncertainty for drill start
Correction: The Juby Gold project has a non-compliant (NI 43-101 compliant) inferred resource of 1,488,000 ounces at 0.98 gpt gold.
TORONTO, ON / ACCESS Newswire / October 6, 2025 / McFarlane Lake Mining Limited (CSE:MLM) ("McFarlane Lake" or the "Company" or "McFarlane") is pleased to announce that it has submitted an Exploration Permit for its flagship Juby Gold Project, located near Gowganda, Ontario, one of the most prospective and underexplored regions within the Abitibi Greenstone Belt. The permit - submitted through the Ontario Ministry of Mines- supports the Company's plans for up to 10,000 metres of drilling that is expected to commence before year-end and target multiple high-priority zones across the property.
The upcoming exploration campaign will also include geophysical surveys, including Induced Polarization (IP) and Magnetic surveys, to refine and expand drill targets and better define near-surface and deeper mineralized trends.
In parallel with exploration permitting, McFarlane has initiated an environmental baseline study, a key step towards responsible development, advancing future production permitting timetables and further de-risking the Juby Gold Project. The study will set the foundation for McFarlane's first closure plan and pave the way toward an Advanced Exploration Permit, a critical step that would allow for bulk sampling and the potential shipment of initial high-grade ore from the Juby Gold Project for processing offsite.
"The submission of our exploration permit marks an important step forward for the Juby Gold Project," said Mark Trevisiol, CEO of McFarlane Lake Mining. "We are aligning our exploration plans with strong environmental stewardship and regulatory compliance as we advance development and de-risk this highly prospective gold asset."
The Juby Gold Project hosts a significant near-surface gold resource (Non-compliant NI 43-101 resource, see note below) with strong potential for expansion both along strike and at depth. The upcoming drill program is designed to expand known mineralization, test high-priority targets, and improve resource confidence across the deposit area.
The Company will provide further updates as they become available.
McFarlane is also expecting to release an updated Mineral Resource Estimate on the property in the coming days.
For further information visit www.mcfarlanelakemining.com, or contact:
Mark Trevisiol,
Chief Executive Officer, President and Director
McFarlane Lake Mining Limited
info@mcfarlanelakemining.com
About McFarlane Lake Mining Limited
McFarlane Lake is a gold exploration company focused on exploring and advancing the Juby Gold project near Gowganda, Ontario. The Juby Gold project has a non-compliant (NI 43-101 compliant) inferred resource of 1,488,000 ounces at 0.98 gpt gold and Indicated resource of 773,000 ounces at 1.13 gpt gold. These resources are detailed in the "Technical Report on the Update Mineral Resource Estimate on the Juby Gold Project", co-authored by GeoVector Management and SGS Geological Services having an effective date of July 14, 2020. McFarlane is currently updating these historical resources to be fully compliant to NI 43-101 standards using current long term gold pricing.
McFarlane's other properties include and the past producing McMillan Gold Mine property and Mongowin gold property located 70 km west of Sudbury, Ontario. The exploration of the High Lake mineral property located immediately east of the Ontario-Manitoba border and the West Hawk Lake mineral property located immediately west of the Ontario-Manitoba border. In addition, McFarlane Lake owns the Michaud/Munro mineral properties 115 km east of Timmins. McFarlane Lake is a "reporting issuer" under applicable securities legislation in the provinces of Ontario, British Columbia and Alberta.
Readers are cautioned to refer to the "Cautionary Note Regarding Historical Estimates," and all other disclaimers included in this news release for important information regarding the limitations and verification status of the data presented above and elsewhere herein.
Additional information on McFarlane Lake can be found by reviewing its profile on SEDAR+ at www.sedarplus.com
Historical Technical Data
Under NI 43-101 guidelines the technical data regarding resources and information which supports these provided in this announcement is considered to be historical. The data and information were taken from a report titled "Technical Report on the Update Mineral Resource Estimate on the Juby Gold Project", co-authored by GeoVector Management and SGS Geological Services having an effective date of July 14, 2020. Per the 2020 report, the Juby property had an inferred resource of 1,488,000 ounces of gold at 0.98 gpt and an indicated resource of 773,000 ounces of gold at 1.13 gpt.
Qualified Person
The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark P. Geo, consulting geologist to the company and Mark Trevisiol, P.Eng., an officer of the company. Both individuals are a "qualified person" as defined under NI 43-101. Where historical information has not been verified, the report is clearly indicated.
Cautionary Note Regarding Forward-Looking Information:
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, including but not limited to the Proposed Acquisition, the terms and timing thereof, any related financing plans, the requirement for shareholder approval, and the anticipated method of obtaining such approval (if required), as well as the Company's intentions with respect to regulatory approvals, including acceptance by the CSE. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of McFarlane to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risks Factors" in the Company's Annual Information Form dated as of November 27, 2024, which is available for view on SEDAR+ at www.sedarplus.com. These risks and uncertainties include, but are not limited to, risks related to the ability to obtain necessary regulatory approvals (including final acceptance of the Proposed Acquisition by the CSE), risks related to financing arrangements and market conditions, and risks generally associated with the execution of business transactions in the mining sector.
Forward-looking statements contained herein are made as of the date of this press release and McFarlane disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE: McFarlane Lake Mining Limited
View the original press release on ACCESS Newswire
FAQ
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