McFarlane Lake Mining Limited has filed a Mineral Resource Estimate for its Juby Gold project in Ontario, revealing 3.17 million inferred ounces and 11.01 million indicated ounces of gold. The estimate includes sensitivities at different gold prices, with a yield of 4.22 million ounces at $3,750/oz. New underground resources have been identified to enhance open-pit resources, with exceptional processing recoveries of gold over 92%. An exploration permit application for Juby has been submitted. The MRE Technical Report, prepared in accordance with NI 43-101, is available for viewing. The estimate was calculated using a long-term gold price of US$2,500 per ounce, with further details provided in tables within the report.

Read more at GlobeNewswire: McFarlane Files Mineral Resource Estimate on Juby Gold