お知らせ • Apr 14
McFarlane Lake Mining Limited Announces New Drilling Results At Juby Gold Project
McFarlane Lake Mining Limited has announced further results from its diamond drilling exploration campaign being conducted on its 100%-owned Juby Gold Project, located west of Gowganda, Ontario, within the southern part of the Abitibi Greenstone Belt. Drilling was initiated on the property in December 2025, commencing at the 826 Zone, and is now at the Golden Lake Zone. Drill hole GL 26-73A at Golden Lake has intersected 0.67 g/t gold over 136 metres, this includes 19.55m of 1.51 g/t gold and 51.35m of 0.78 g/t gold. Previously announced drill hole GL 26-71 (95.4m of 1.36 g/t gold - March 2, 2026) has been updated and restated after study of the assays and drill core. A new intersection of 208.2m containing 0.88 g/t gold is announced. This includes 95.4m of 1.36 g/t gold (which includes 55.4m of 1.96 g/t gold and 9.9m of 3.22 g/t gold), 45.15m of 0.74 g/t gold, 26.7m of 0.68 g/t gold, 18m of 0.05 g/t gold, and 22.95m of 0.08 g/t gold. The widths of the intercepts continue to exceed expectations. Drill holes GL 26-74, 26-75, and 26-76 have been completed and are being prepared for sampling to the lab. All three holes have encountered mineralization as noted in the drill logs. Mineralization of over 100m has been logged in each of these holes. Approximately 6,000m have been drilled thus far on the Juby Gold Project, against an original plan of 13,000m. There are currently two diamond drill rigs at site, both focusing on drilling at the Golden Lake deposit. Originally, 14 diamond drill holes were planned for the Golden Lake deposit; however, based on feedback from drilling to date, McFarlane will increase drilling at Golden Lake by at least 1,000m. One of the two diamond drills will transfer to the Juby deposit within the next month, where approximately 4,000-5,000m are planned. Drilling being conducted at site is contracted through two separate firms, each having a business partnership with two of the three First Nation communities that have territorial rights on the property. There are three First Nation communities recognized as having territorial rights within the Juby Gold Project; they include Matachewan First Nation, Temagami First Nation and Atikameksheng Anishnawbek First Nation. Table 1 – Golden Lake Collar Information: Area Hole-ID Azimuth Dip Easting Northing Elevation Length (m) Golden Lake GL26-71 40 -55 500314 5272450 365 602 GL26-72 43 -58 500357 5272359 365 692.5 GL26-73A 43 -58 500477 5272223 364 681 GL26-74 38 -53 500605 5272154 363 589 GL26-75 43 -53 500687 5272115 363 580 GL26-76 40 -58 500265 5272393 365 656. Table 2 – Golden Lake Zone intercepts: Area Hole-ID From (m) To (m) Gold (g/t) Width (m) True width (m) Depth (m) Golden Lake GL26-71 111.00 113.00 1.03 2.00 1.5 85.8 185.50 190.00 0.47 4.50 3.5 145.6 298.10 300.20 0.22 2.10 232.1 307.85 516.05 0.88 208.20 165 369.4 Including 307.85 353.00 0.74 45.15 36.0 260.1 Including 315.55 323.00 1.44 7.45 353.00 371.00 0.05 18.00 371.00 466.40 1.36 95.40 75.6 331.9 Including 383.60 439.00 1.96 55.40 Including 410.10 420.00 3.22 9.90 466.40 489.35 0.08 22.95 489.35 516.05 0.68 26.70 21.6 389.4 Including 489.35 494.20 2.01 4.95 Golden Lake GL26-73A 100.00 103.00 0.32 3.00 2.4 85.0 191.00 193.80 0.24 2.80 2.2 160.6 469.00 605.00 0.67 136.00 106.9 440.2 Including 469.00 520.35 0.78 51.35 40.4 Including 470.00 476.00 2.63 6.00 4.7 Including 528.20 574.50 0.44 46.30 36.4 Including 585.45 605.00 1.51 19.55 15.3 Including 586.70 594.50 2.75 7.80 6.1 Including 586.70 589.00 6.43 2.30 1.8 632.10 634.10 0.59 2.00 1.6 516.0. Quality Assurance and Quality Control: The drill core samples collected by McFarlane and described in this news release were placed in core boxes by the drill crew contracted by the Company. Core was then transported by McFarlane personnel to a secure processing facility. The core is then reviewed with core metreage blocks checked to verify core integrity, geologically logged, and samples marked. Core samples are cut in half, with one half remaining in the box and the other inserted into a clean plastic bag with a sample tag. Certified reference materials are inserted into the sample stream at a rate of no less than 10%. Samples are then transported in secure sealed bags with security tags for preparation and assay by MSA Labs in Timmins, Ontario, a certified lab with AC89, IAS accreditation and compliance with ISO/IEC standard 17025:2017. Samples reported are crushed at the lab in their entirety to 70% passing 2 mm, with one 300 to 500 g subsample split and placed into a jar for analysis by photon assay. Gold concentration results are then recorded with reference to each sample tag number. The scientific and technical information disclosed in this news release was reviewed and approved by Bob Kusins, P.Geo, a consultant to the Company and Qualified Person under National Instrument 43-101. The technical information was also reviewed by Mark Trevisiol, P.Eng., an officer of McFarlane and a Qualified Person under National Instrument 43-101.