McLaren Resources (MCL-Cse) to Drill Gold Zones on TimGinn Property Adjacent to the Hollinger Mine, Timmins, Ontario
Feb 21, '18 - NR
McLaren Resources announces that it intends to undertake approximately 1,500 metres of exploration diamond drilling in three holes to expand gold mineralization on the south boundary of the TimGinn Property which is situated between the Hollinger and McIntyre Gold Mines operated by Goldcorp Canada Ltd. ("Goldcorp"). Drilling is planned to commence during the last week of February.
The Hollinger Open Pit Mine is located 100 metres from the TimGinn Property boundary. The Gold Zones to be explored on the TimGinn Property are projected to cross the property boundary and trend towards and below the Hollinger Open Pit Mine. The TimGinn Property hosts the former producing Gilles Lake Gold Mine. The planned drill program is designed to test gold zones from the Gilles Lake Gold Mine and expand them to the south and adjacent to the Hollinger Mine Property.
Diamond drilling from November 2011 to present has intersected the following gold mineralization:
MTG-11-02 - 24.2 gpt Au / 1.1 metres
MTG-11-04 - 7.0 gpt Au / 7.4 metres
MTG-11-05 - 4.1 gpt Au / 5.5 metres
MTG-11-12 - 1.6 gpt Au / 20.0 metres
MTG-11-14 - 7.4 gpt Au / 3.2 metres
About the TimGinn property
The TimGinn Property consists of nine patented mining claims covering 238 hectares in Tisdale Township, Central Timmins that lie between the Hollinger Mine (19.3 million oz) and the McIntyre Mine (10.7 million oz). Gold production took place on the TimGinn Property during the 1920's from a 940 foot deep shaft at the Gilles Lake Gold Mine.
The information presented in this news release has been reviewed and approved for release by Kenneth Guy, P.Geo, the Qualified Person for McLaren for exploration on the TimGinn Gold Property, as defined by National Instrument 43-101 "Standards of Disclosure for Mineral Projects".
About McLaren
McLaren is focused on exploration work on its three gold properties which are located in the Timmins Gold District of Northeastern Ontario. These properties include, the TimGinn Property (described above), the Augdome Property and the Blue Quartz Property. The Augdome Property, which consists of 414-hectares is located in Tisdale and Whitney Townships adjacent to the Dome Mine operated by Goldcorp. The Blue Quartz Property, which hosts the former Blue Quartz Mine, consists of 25 patented mining claims and 8 crown claims covering a total of 640 hectares in Beatty Township and is located 10 km north of McEwen Mining's Black Fox Mine in East Timmins. In addition to the exploration properties, the Company has recently created a new blockchain development project which is to be operated in a new subsidiary corporation.
During 2018, McLaren intends to continue its exploration efforts on these three attractive gold properties and will continue to review other properties of merit in the Timmins Camp for acquisition or joint venture.
For more information, please contact: Radovan Danilovsky, President, Phone: 416-203-6784
MCLAREN RESOURCES INC.
44 Victoria Street, Suite 1616
Toronto, Ontario M5C 1Y2 |
