McFarlane Increases Gold Mineral Resources on Its Juby Gold Project
McFarlane Lake Mining reported a significant upgrade to the Mineral Resource Estimate at its Juby Gold project, featuring a 59% increase in inferred resources to 5.06 million ounces and a 13% rise in indicated resources to 1.14 million ounces. The update, based on a long-term gold price of US$3,600/oz and 13,000 meters of new drilling, also defined a new higher-grade resource at the 826 Zone.
Key figures
- Inferred grade gpt
- 0.87
- Base gold price usd
- 3600
- Drilling metres new
- 13000
- Indicated grade gpt
- 0.95
- Inferred oz millions
- 5.06
- Indicated oz millions
- 1.14
- Inferred oz increase pct
- 59
- Indicated oz increase pct
- 13
AI analysis
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