McLaren Resources Looks To Conduct Exploration At Kerrs Gold Property

McLaren Resources (CSE: MCL) is looking to advance its Kerrs Gold property in the Timmins Gold District of Ontario. The company announced Wednesday that they have received a mineral exploration permit from the provincial government, which is valid for a term of three years.

The exploration permit reportedly allows for a number of activities to be conducted on the property, including geological and geophysical surveys, line-cutting and diamond drilling. The company has indicated that the first work is set to begin this summer, with the company focusing on data compilation and field studies.

Located within the Abitibi greenstone belt, the property was acquired mid last year from that of Newmont Gold in what effectively was a property exchange arrangement. The property sits along the Destor-Porcupine Deformation Zone, a region that is reportedly host to a number of development projects and operating mines.

The company also indicated within the release that it has applied for exploration permits for the McCool property, a property acquired in the same transaction with Newmont. The required exploration permits are currently expected to be approved in the coming weeks.

McLaren Resources last traded at $0.08 on the CSE.


FULL DISCLOSURE: McLaren Resources is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover McLaren Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

200 Grams of Gold And 21% Copper — That’s Not Normal | Matt Wilson – Sterling Metals

Silver at $100? This Time It Might Stay There. | David Morgan

Critical Minerals Are Rerating! | John Passalacqua – First Phosphate

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Gold Price Disconnect: Physical Demand vs. Paper Markets

At the Rule Symposium in Boca Raton, Florida, Nolan Watson, President & CEO of Sandstorm...

Thursday, July 11, 2024, 08:27:00 AM

Canaccord: “Gold’s Ready For Liftoff”

On Monday, Canaccord put out a precious metals industry update, saying, “The war in Ukraine...

Wednesday, March 9, 2022, 05:08:00 PM

Zoltan Pozsar: Gold At $3,600 Is Not Improbable If US Refill Reserves With Russian Oil

In his latest dispatch, Credit Suisse contributor Zoltan Pozsar shifted focus on his ongoing series...

Tuesday, December 6, 2022, 10:26:14 AM

Karora Q3 Gold Production Hits 24,717 Ounces

Karora Resources (TSX: KRR) this morning reported its production results for the third quarter of...

Wednesday, October 14, 2020, 07:59:45 AM

Grande Portage Intersects 4.50 Metres Of 11.78 G/t Gold At Alaskan Gold Project

Grande Portage Resources (TSXV: GPG) this morning released further assay results from its Herbert Gold...

Wednesday, December 9, 2020, 09:55:54 AM