- McLaren Resources (MCL) has added 18 mineral exploration claims to its prospective McCool Gold Property
- The additional 18 mineral exploration claims cover approximately 380 hectares
- McLaren also has granted 125,000 options to certain of its directors, officers and consultants
- McLaren is a company focused on exploration work on its gold properties in the Timmins Gold Region of Northeastern Ontario
- McLaren Resources Inc. (MCL) opened trading at $0.085 per share
McLaren Resources (MCL) has added 18 mineral exploration claims to its prospective McCool Gold Property.
The additional 18 mineral exploration claims cover approximately 380 hectares.
Recently, McLaren intersected high-grade gold mineralization during exploration diamond drilling on the McCool Property. This high-grade gold mineralization was intersected over a strike length of approximately 500 m and to a vertical depth of approximately 340 m.
McLaren’s McCool Property is located in the prolific Timmins Gold Region of Northeastern Ontario, where well over 70 million ounces of gold have been produced to date.
Seven of the new claims were acquired from two independent Timmins area prospectors. The other eleven claims were recently acquired from another independent prospector for 100,000 common shares of McLaren. These new claims are all contiguous with McLaren’s original McCool property, which now comprises a mining lease and 76 mineral claims, together covering approximately 1,770 ha.
“We are pleased to be able to add additional mineral claims to our prospective McCool gold property, and we are excited about the high-grade gold results encountered in our fall diamond drilling campaign,” noted Radovan Danilovsky, President of McLaren Resources Inc.
“We look forward to continuing our exploration diamond drilling efforts on the McCool property during 2023 with the aim of outlining a potentially economic gold deposit in the near future,” he added.
McLaren also has granted 125,000 options to certain of its directors, officers and consultants, exercisable at a price of $0.10 per common share for a period of five years. The options will vest immediately and will replace a like number of options that have recently expired.
McLaren is a company focused on exploration work on its gold properties in the Timmins Gold Region of Northeastern Ontario.
McLaren Resources Inc. (MCL) opened trading at $0.085 per share.