McFarlane's Juby Gold Project Reports Impressive New Drilling Results with 136-Metre Gold Intersection
TORONTO, April 13, 2026 – McFarlane Lake Mining Limited has announced further promising results from its ongoing diamond drilling exploration campaign at the 100%-owned Juby Gold Project, located west of Gowganda, Ontario, within the southern Abitibi Greenstone Belt. The company's latest findings highlight significant gold mineralization, with one drill hole intersecting 0.67 grams per tonne (g/t) gold over 136 metres.
Key Highlights from the Golden Lake Zone Drilling
The exploration program, which began in December 2025 at the 826 Zone and has now shifted to the Golden Lake Zone, has yielded several notable intercepts:
- Drill hole GL 26-73A at Golden Lake intersected 0.67 g/t gold over 136 metres, including higher-grade sections of 19.55m at 1.51 g/t gold and 51.35m at 0.78 g/t gold.
- Previously announced drill hole GL 26-71 has been updated after further assay and core study, now reporting a new intersection of 208.2m containing 0.88 g/t gold. This includes multiple intervals such as 95.4m of 1.36 g/t gold, which itself contains 55.4m of 1.96 g/t gold and 9.9m of 3.22 g/t gold.
- Additional drill holes GL 26-74, 26-75, and 26-76 have been completed, with each logging over 100 metres of mineralization, and samples are being prepared for laboratory analysis.
The widths of these intercepts have consistently exceeded initial expectations, indicating robust mineralization at the site. Exploration has identified a significant expansion of gold mineralization, extending over 400 metres on strike at the Golden Lake Deposit.
CEO Comments on Drilling Success and Future Plans
Mark Trevisiol, CEO and Chairman of McFarlane, expressed enthusiasm about the results, stating, "These drilling results continue to exceed our original expectations. The widths of these intercepts are impressive, and with long-term gold prices hovering around US$3,000 per ounce, there is plenty of room to push drilling deeper to explore for an even greater envelope of mineralization. Our team is focused on demonstrating the true upside potential of the Juby Gold Project."
To date, approximately 6,000 metres have been drilled on the Juby Gold Project, against an original plan of 13,000 metres. The company currently has two diamond drill rigs operating at the Golden Lake deposit. Originally, 14 diamond drill holes were planned for this zone, but based on positive feedback from drilling results, McFarlane will increase drilling at Golden Lake by at least 1,000 metres.
Exploration Strategy and Community Partnerships
One of the two diamond drills is scheduled to transfer to the Juby deposit within the next month, where approximately 4,000 to 5,000 metres of drilling are planned. The drilling operations are conducted through two separate contracting firms, each of which has established business partnerships with two of the three First Nation communities that hold territorial rights on the property.
The three recognized First Nation communities with territorial rights within the Juby Gold Project include:
- Matachewan First Nation
- Temagami First Nation
- Atikameksheng Anishnawbek First Nation
This collaborative approach underscores McFarlane's commitment to working closely with local Indigenous groups as it advances its exploration activities. The ongoing drilling campaign aims to further delineate the gold resources and assess the project's economic potential in a region known for its rich mineral deposits.
