- McLaren Resources (CSE:MCL) has announced it has been issued a mineral exploration permit from the Ontario Ministry of Energy, Northern Development and Mines for its 100 per cent owned Kerrs gold property
- Over 70 million ounces of gold have been produced to date from the property
- The permit has been issued to the company for an initial three-year term and will allow the company to conduct various surface exploration activities
- Data compilation and field studies are expected to take place on the property during summer 2021
- McLaren has also applied to MENDM for an exploration permit for its 100 per cent owned McCool gold property
- Share of McLaren remain unchanged at C$0.08 as of 4:00 p.m. EDT
McLaren Resources (MCL) has announced that it has received a mineral exploration permit from the Ontario Ministry of Energy, Northern Development and Mines for its 100 per cent owned Kerrs gold property.
To date over 70 million ounces of gold have been produced from the property, which is located in the prolific Timmins Gold District Northern Ontario.
According to the company the permit has been issued to McLaren for an initial three-year term, which will allow the company to complete exploration activities such as line-cutting, geological and geophysical surveys and diamond drilling.
Initial data compilation and field studies are expected to be completed on the Kerrs property during summer 2021.
In addition to the exploration permit for the Kerrs property, the company has also applied for an exploration permit for its 100 per cent McCool property. The application is currently being reviewed and it is expected the company will receive the permit for the property in the coming weeks.
With its headquarters in Toronto, Ontario, McLaren Resources is primarily focused on exploration work on its Timmins Gold District gold properties in Ontario.
The company owns 100 per cent interest in the past-producing Blue Quartz Gold property, the McCool and Kerrs gold properties, all of which are located in the Abititi Greenstone Belt along the Destor-Porcupine Deformation Zone.
McLaren Resources also owns 100 per cent interest in the Augdome property located in Tisdale and Whitney Townships east of the Dome mine, which is operated by Newmont.
Share of McLaren remain unchanged at C$0.08 as of 4:00 p.m. EDT.