{"version":"1","article":{"id":"mcfarlane-juby-funded-phase-two-drilling-2026","slug":"mcfarlane-juby-funded-phase-two-drilling-2026","language":"en","url":"https://haberpaper.com/en/news/mcfarlane-juby-funded-phase-two-drilling-2026","api_url":"https://haberpaper.com/api/v1/articles/mcfarlane-juby-funded-phase-two-drilling-2026?lang=en","title":"McFarlane Lake plans 50,000 metres of drilling at Juby gold project","summary":"The 12-to-15-month Phase 2 program in Ontario calls for three rigs to expand known resources and test new targets; the company says it is funded following a C$17.25 million September financing.","category":"business","region":"world","topics":["commodities"],"published_at":"2026-10-22T05:34:35+03:00","modified_at":"2026-10-22T05:34:35+03:00","publication_basis":"publication-record","event_period":"2026-10-19","event_period_basis":"event-or-reference-period","sources":[{"name":"McFarlane Lake Mining Incorporated (GlobeNewswire issuer release)","url":"https://www.globenewswire.com/news-release/2026/10/19/3383642/0/en/mcfarlane-lake-mining-outlines-fully-funded-50-000-metre-phase-2-drilling-program-at-juby-gold-project.html","publishedAt":"2026-10-19","checkedAt":"2026-10-22"}],"translations":[{"language":"tr","url":"https://haberpaper.com/tr/news/mcfarlane-juby-funded-phase-two-drilling-2026","api_url":"https://haberpaper.com/api/v1/articles/mcfarlane-juby-funded-phase-two-drilling-2026?lang=tr"},{"language":"en","url":"https://haberpaper.com/en/news/mcfarlane-juby-funded-phase-two-drilling-2026","api_url":"https://haberpaper.com/api/v1/articles/mcfarlane-juby-funded-phase-two-drilling-2026?lang=en"},{"language":"ar","url":"https://haberpaper.com/ar/news/mcfarlane-juby-funded-phase-two-drilling-2026","api_url":"https://haberpaper.com/api/v1/articles/mcfarlane-juby-funded-phase-two-drilling-2026?lang=ar"},{"language":"fr","url":"https://haberpaper.com/fr/news/mcfarlane-juby-funded-phase-two-drilling-2026","api_url":"https://haberpaper.com/api/v1/articles/mcfarlane-juby-funded-phase-two-drilling-2026?lang=fr"},{"language":"es","url":"https://haberpaper.com/es/news/mcfarlane-juby-funded-phase-two-drilling-2026","api_url":"https://haberpaper.com/api/v1/articles/mcfarlane-juby-funded-phase-two-drilling-2026?lang=es"}],"data_types":[],"data":null,"data_compilations":[],"data_downloads":[],"content":{"paragraphs":["McFarlane Lake Mining outlined on 19 October what it calls a fully funded Phase 2 drilling program at its Juby gold project in Ontario. The company plans 50,000 metres of drilling over 12 to 15 months and expects three rigs operating before 1 November. Two rigs are intended to expand known mineralization, while a third will begin with infill drilling before moving to new targets.","The plan follows a September 2026 financing that raised about C$17.25 million in gross proceeds. The company’s current estimate lists 1.07 million ounces of indicated and 5.09 million ounces of inferred gold resources; these are not mineral reserves and do not demonstrate economic viability. McFarlane also plans a scoping study targeted for 2027 and continued permitting and environmental baseline work."],"key_points":[],"sections":[]},"text":"The 12-to-15-month Phase 2 program in Ontario calls for three rigs to expand known resources and test new targets; the company says it is funded following a C$17.25 million September financing.\n\nMcFarlane Lake Mining outlined on 19 October what it calls a fully funded Phase 2 drilling program at its Juby gold project in Ontario. The company plans 50,000 metres of drilling over 12 to 15 months and expects three rigs operating before 1 November. Two rigs are intended to expand known mineralization, while a third will begin with infill drilling before moving to new targets.\n\nThe plan follows a September 2026 financing that raised about C$17.25 million in gross proceeds. The company’s current estimate lists 1.07 million ounces of indicated and 5.09 million ounces of inferred gold resources; these are not mineral reserves and do not demonstrate economic viability. McFarlane also plans a scoping study targeted for 2027 and continued permitting and environmental baseline work.","corrections":[],"editorial_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"business","url":"https://haberpaper.com/assets/illustrations/business-1536.webp","width":1536,"height":1024,"alt":"Symbolic industrial workshop with machinery, a warehouse and a crane.","language":"en"},"section_illustration":{"kind":"symbolic-editorial-illustration","documentary":false,"scope":"section","asset_id":"business","url":"https://haberpaper.com/assets/illustrations/business-1536.webp","width":1536,"height":1024,"alt":"Symbolic industrial workshop with machinery, a warehouse and a crane.","language":"en"}}}