McFarlane Lake Mining CEO And Largest Shareholder Discuss Latest Corporate News.

Peter Grandich Aug 19, 2026

Summary

McFarlane Lake's Juby project grew to 6.2M oz inferred+indicated, a 50% jump from 4.2M oz with only 13,000m of drilling.

The CEO projects another 3-4M oz on the way to a 10M oz target with 50,000-70,000m of additional drilling.

Hanging wall drilling at the Juby deposit is hitting mineralization previously classified as waste, which could improve the strip ratio.

Largest shareholder Gentile argues the US Treasury's bigger bond intervention signals yield curve control — bullish for gold.

McFarlane trades at $25-27 per ounce in the ground versus $70-80 per ounce for peers like Probe Gold and Banyan Gold.

Michael Gentile cites Fresnillo's acquisition of Probe Gold at roughly $70-$80 per ounce in the ground as a valuation comparable for similar-sized deposits.

Michael Gentile notes Gold X2 Mining, a same-size peer, is trading at about $80 per ounce in the ground, well above McFarlane Lake's roughly $25-$27 figure.

Michael Gentile cites Banyan Gold in the Yukon as trading at roughly $70-$80 per ounce in the ground in his valuation comparison.

Top takeaway McFarlane Lake Mining is the largest single investment Michael Gentile has ever made in a junior miner and now sits firmly in his top five holdings, with him in near-daily contact with management.
Gentile argues the Treasury's doubling of bond-auction intervention capacity to $4B is 'yield curve control in another name' — implicitly more money printing and bullish for gold.
He values McFarlane at roughly $25-$27 per ounce in the ground versus $70-$80/oz for peers like Banyan Gold, North Superior and the Probe Gold/Fresnillo deal, implying a multi-fold upside if the market re-rates to peers.
He highlights the 826 zone (higher-grade parallel trend) and hanging wall drilling — turning previously-modelled waste into ore — as catalysts he says the market has not fully priced in.
Gentile describes McFarlane's roughly 30% (plus warrants) stake in neighbour I-Metals as a 'toehold' into a much larger district where majors tend to want the whole land package.

Top takeaway Peter Grandich hosted the interview, said he personally added to his McFarlane Lake position on the resource news, and framed the Treasury bond-market intervention as a 'cornerstone' of the bullish gold thesis.
He reports that outside geologists he shared the resource release with view the path to 10 million ounces at Juby as 'legitimate, not crazy talk'.
He notes the company has been in existence only briefly and is still under-followed, expecting rapid discovery as the resource grows.

Top takeaway Mark Trevisiol presented the 6.2-million-ounce Juby update as a 'fantastic result' — about a 50% jump from October 2025's 4.2 million ounces using only 13,000m of drilling.
He laid out the path to 10 million ounces via another 50,000-70,000m of drilling and pointed to a 6.6-million-ounce sensitivity at $4,600/oz gold.
He defended the I-Metals stake as both a geological-trend play and added land optionality for siting pits, tailings facilities and a future mill.
He explained the hanging wall discovery: mineralization previously written off as a stripping cost in the open-pit walls is now payable ore, with the extent of the new zone still untested.