McLaren Resources (CSE: MCL) this morning announced its 2021 exploration plants for its wholly owned gold properties located in the Timmins district of Ontario. Both its McCool and Kerrs gold properties are to be explored throughout the year.
The company has reportedly filed applications with the Ontario ministry for exploration permits for both the McCool and Kerrs gold properties. Both properties are located within the Abitibi Greenstone Belt along the Destor-Porcupine Deformation Zone. Numerous gold mines and developments are located nearby including the Holt Holloway Mine complex, Black Fox Mine, and the Blue Quartz Gold Mine property, the latter of which is owned by McLaren.
At the McCool property, the company plans to conduct geophysical studies this year which will be followed by drilling into the known gold locations. At Kerr, initial stage linecutting and geophysical studies are being planned for 2021, with the company noting that both properties contain significant gold zones that warrant follow-up drilling.
McLaren Resources last traded at $0.08 on the CSE.
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