Business
McLaren Resources Expands Size of McCool Gold Property
Toronto, Ontario--(Newsfile Corp. - March 13, 2023) - McLaren Resources Inc. (CSE: MCL) (FSE: 3ML) ("McLaren" or the "Company") announces that it has added an a
About this update from Mclaren Resources, Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - March 13, 2023) - McLaren Resources Inc. (CSE: MCL) (FSE: 3ML) (\"McLaren\" or the \"Company\") announces that it has added an additional 18 mineral exploration claims, covering approximately 380 hectares (\"ha\"), to its prospective McCool gold property. McLaren recently announced it had intersected high grade gold mineralization, including 16.5 grams per tonne gold (\"g/t Au\") over 6.0 metres (\"m\"), including 21.1 g/t Au over 4.5 m; 10.8 g/t Au over 9.0 m, including 59.3 g/t Au over 1.5 m; 7.9 g/t Au over 4.5 m, including 21.8 g/t over 1.6 m; and 58.4 g/t Au over 1.5 m; as well as wide intervals of lower grade gold mineralization, in recently completed 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 (see news release dated January 24, 2023 and Table 1 below – List of Composite Assay Results). McLaren completed 4,361 m of diamond drilling in 11 holes on the property in the fall of 2022 as follow-up to historical diamond drilling completed by previous operators during the period 1982-1987 (see news release dated August 31, 2022 and Table 2 below – List of Selected Historical Drill Results (Placer Development Limited). McLaren's McCool property is located in the prolific Timmins Gold Region of Northeastern Ontario, Canada where well over 70 million ounces of gold have been produced to date. In addition, the property is located adjacent to neighbors that are rapidly expanding large gold deposits in the area (Moneta Gold Inc., Mayfair Gold Corp. and HighGold Mining Inc.) and is also adjacent to Agnico Eagle Mines Limited's Holt Mine Complex property and along trend from McEwen Mining Inc's Black Fox Gold Mine. Table 1: List of Composite Assay Results: Holes MCC22-01 to MCC22-11Click the link for January 24 news release: McLaren Intersects 16.5 g/t Au Over 6.0 Metres, 10.8 g/t Au Over 9.0 Metres and 7.9 g/t Au Over 4.5 Metres on Its McCool Gold Property (newsfilecorp.com) [ https://www.newsfilecorp.com/release/152240 ] Table 2: List of Selected Historical Drill Results (Placer Development Limited)Click the link for August 31, 2022 news release: McLaren Resources Commences Phase One Exploration Diamond Drilling Program on Its McCool Gold Property (n...