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Adding a Million Ounces of Gold is “Well Within Reach” for McFarlane Lake Mining

CEO.CA Jun 16, 2026 5:37

Summary

CEO Mark Trevisiol credits a $6.75 million placement led by Michael Gentile with lifting the stock from 14 to 26 cents and easing debt concerns.

About 11,000 meters drilled at Golden Lake and the 826 zone should add to the upcoming MRE (Mineral Resource Estimate) due end of June.

Trevisiol argues adding one million ounces is well within reach, with drilling showing continuity on strike and at depth at Golden Lake.

Strike and depth continuity — mineralization spanning a property's length and depth — is what miners look for before committing to build a mine.

Next value drivers per management: the updated MRE, a scoping study, and a bulk sample program planned for 2027.

Michael Gentile's takeaways

  • Top takeaway Gentile, together with his partner Pierre Beaudoin, led a $6.75 million placement into McFarlane Lake Mining that the CEO credits with lifting the share price from 14 to 26 cents and restoring investor confidence in resolving the company's debt situation.
  • The CEO says Gentile came on board because he liked the Juby property and the company's story and sees value in the overall picture of McFarlane Lake Mining.

Mark Trevisiol's takeaways

  • Top takeaway Trevisiol argues the goal of adding one million ounces of gold at Juby is "well within reach" given the drilling results seen so far.
  • He frames the Gentile-led $6.75 million financing as the spark needed to solve the debt situation that had concerned investors, citing the stock's rise from 14 cents on announcement day to 26 cents as of the interview.
  • He maintains the Juby property is capable of holding ten million ounces of gold and views the updated MRE as a step toward that target and toward building credibility in both the property and management.
  • He argues the on-strike and at-depth continuity seen at Golden Lake bodes well for additional drilling to push the resource even deeper.
  • His stated roadmap: release the updated MRE by the end of June 2026, keep drilling, then move into a scoping study and a bulk sample program planned for 2027.