McLaren Completes Sale of the Augdome Gold Property in Timmins, Ontario to Newmont
McLaren Resources Inc. (CSE: MCL) has completed the sale of its Augdome gold property to Newmont for $572,889 and a 1.0% net smelter returns royalty. The property, located in Timmins, Ontario, consists of 22 patented mineral claims covering 414 hectares.
McLaren retains 100% interest in three gold exploration properties east of Timmins: Blue Quartz, McCool, and Kerrs. Notable drill results include:
- Blue Quartz: 14.0 g/t Au over 2.0m
- McCool: 16.5 g/t Au over 6.0m
- Kerrs: Historical drilling of 10,279m in 55 holes
The company plans to continue exploration work, including diamond drilling, on these prospective gold properties in the coming months.
McLaren Resources Inc. (CSE: MCL) ha completato la vendita della sua proprietà aurifera Augdome a Newmont per 572.889 dollari e una royalty netta del 1,0% sui ricavi da fusione. La proprietà, situata a Timmins, Ontario, comprende 22 diritti minerari brevettati che coprono 414 ettari.
McLaren mantiene il 100% dell'interesse in tre proprietà di esplorazione aurifera a est di Timmins: Blue Quartz, McCool e Kerrs. I risultati di perforazione degni di nota includono:
- Blue Quartz: 14,0 g/t Au su 2,0m
- McCool: 16,5 g/t Au su 6,0m
- Kerrs: perforazioni storiche di 10.279m in 55 fori
L'azienda prevede di continuare il lavoro di esplorazione, inclusa la perforazione con diamante, su queste promettenti proprietà aurifere nei prossimi mesi.
McLaren Resources Inc. (CSE: MCL) ha completado la venta de su propiedad de oro Augdome a Newmont por $572,889 y una regalía neta del 1,0% sobre los ingresos de fusión. La propiedad, ubicada en Timmins, Ontario, consta de 22 derechos minerarios patentados que cubren 414 hectáreas.
McLaren retiene un interés del 100% en tres propiedades de exploración de oro al este de Timmins: Blue Quartz, McCool y Kerrs. Los resultados de perforación notables incluyen:
- Blue Quartz: 14,0 g/t Au sobre 2,0m
- McCool: 16,5 g/t Au sobre 6,0m
- Kerrs: perforaciones históricas de 10,279m en 55 pozos
La compañía planea continuar el trabajo de exploración, incluida la perforación de diamante, en estas propiedades de oro prometedoras en los próximos meses.
맥라렌 리소스 주식회사 (CSE: MCL)는 뉴몬트에 의해 572,889 달러와 1.0%의 순 제련수익 로열티를 포함해 Augdome 금 자산 매각을 완료했습니다. 이 자산은 온타리오주 팀민스에 위치하며, 414 헥타르에 걸쳐 22개의 특허 광물 청구권으로 구성되어 있습니다.
맥라렌은 팀민스 동쪽에 있는 세 개의 금 탐사 자산인 블루 쿼츠, 맥쿨, 케르스에 대한 100%의 지분을 유지합니다. 주목할 만한 시추 결과는 다음과 같습니다:
- 블루 쿼츠: 2.0m에서 14.0 g/t Au
- 맥쿨: 6.0m에서 16.5 g/t Au
- 케르스: 55개의 홀에서 10,279m의 역사적 시추
회사는 앞으로 몇 달간 이러한 잠재력 있는 금 자산에 대해 다이아몬드 시추를 포함한 탐사 작업을 계속할 계획입니다.
McLaren Resources Inc. (CSE: MCL) a finalisé la vente de son bien aurifère Augdome à Newmont pour 572 889 $ et une redevance nette de 1,0 % sur les recettes de fusion. Le bien, situé à Timmins, en Ontario, comprend 22 revendications minérales brevetées couvrant 414 hectares.
McLaren conserve 100 % d'intérêt dans trois propriétés d'exploration aurifère à l'est de Timmins : Blue Quartz, McCool et Kerrs. Les résultats de forage notables incluent :
- Blue Quartz : 14,0 g/t Au sur 2,0m
- McCool : 16,5 g/t Au sur 6,0m
- Kerrs : Forages historiques de 10 279m sur 55 trous
La société prévoit de poursuivre les travaux d'exploration, y compris le forage diamant, sur ces propriétés aurifères prometteuses au cours des prochains mois.
McLaren Resources Inc. (CSE: MCL) hat den Verkauf seiner Goldliegenschaft Augdome an Newmont für 572.889 Dollar und eine 1,0% Nettogewinnbeteiligung abgeschlossen. Die Liegenschaft, die sich in Timmins, Ontario, befindet, besteht aus 22 patentierten Mineralansprüchen, die 414 Hektar abdecken.
McLaren behält 100% Anteil an drei Goldexplorationsliegenschaften östlich von Timmins: Blue Quartz, McCool und Kerrs. Bemerkenswerte Bohrergebnisse umfassen:
- Blue Quartz: 14,0 g/t Au über 2,0m
- McCool: 16,5 g/t Au über 6,0m
- Kerrs: Historische Bohrungen von 10.279m in 55 Löchern
Das Unternehmen plant, die Explorationsarbeiten, einschließlich Diamantbohrungen, in den kommenden Monaten auf diesen aussichtsreichen Goldliegenschaften fortzusetzen.
- Sale of Augdome gold property for $572,889 and 1.0% net smelter returns royalty
- Retention of 100% interest in three gold exploration properties: Blue Quartz, McCool, and Kerrs
- Promising drill results from Blue Quartz and McCool properties
- Plans for continued exploration and diamond drilling on remaining properties
- None.
Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - McLaren Resources Inc. (CSE: MCL) (FSE: 3ML) ("McLaren" / the "Company") announces the completion of the sale of the Augdome gold property for
McLaren held its interest in the Augdome property through a subsidiary. The Augdome property consists of 22 patented mineral claims covering approximately 414 hectares ("ha") located on the eastern side of the Dome Mine open pit in Timmins, Ontario.
Mineral Exploration Properties
McLaren currently holds a 100 percent interest in the Blue Quartz, McCool and Kerrs gold exploration properties located east of Timmins, Ontario.
The Blue Quartz property is located in Beatty Township 73 km east of Timmins and neighbors the Fox Mine, the Fenn-Gib project and the former producing Ross Mine. The property hosts the former producing Blue Quartz Gold Mine and consists of patented claims and staked claims covering an area of 640 ha. The property abuts immediately to the south of the Goldarm Gold Property owned by GFG Resources Inc. ("GFG") where GFG recently announced extremely encouraging gold results with abundant visible gold from drilling on their Aljo Target, including 13.94 grams per tonne gold ("g/t Au") over 7.1 m (see GFG news release issued on August 19, 2024).
Selected drill results from diamond drilling on the Blue Quartz property by McLaren include 14.0 g/t Au over 2.0m, 12.8 g/t Au over 1.5m, 13.3 g/t Au over 1.0m and 11.9 g/t Au over 2.2m (see McLaren news release issued on February 14, 2019).
The McCool property is located in McCool Township 85 km east of Timmins and neighbors the Tower Gold project, the Fenn-Gib project and the Holt Mine Complex. The property is on the north side of the Destor Porcupine Fault and covers 5 km of the Centre Hill Fault. The property consists of a mining lease and claim cells with an area of 1,770 ha.
Selected drill results from diamond drilling on the McCool property by McLaren include 16.5 g/t Au over 6.0m, 10.8 g/t Au over 9.0m, 7.9 g/t Au over 4.5 m and 58.4 g/t Au over 1.5 m (see McLaren news release issued on January 24, 2023).
The Kerrs property is located in Kerrs Township approximately 15 km north of the McCool property and consists of mining leases covering an area of 771 ha. Previous historical work on the property during the mid-1980s included 10,279 m of diamond drilling in 55 holes. The drilling was focused on an exploration target area that is an extension of a gold mineralized trend from the adjacent property to the east, known as the KBX Zone which is owned by Sheltered Oak Resources Inc.
McLaren intends to continue exploration work, including diamond drilling, on its portfolio of prospective gold properties in the coming months.
For more information, please contact:
Radovan Danilovsky, President,
Phone: 416-203-6784,
InfoMcLarenRes@gmail.com,
www.mclarenresources.com
MCLAREN RESOURCES INC.
30 Duncan Street, Suite 606
Toronto, Ontario M5V 2C3
The Canadian Securities Exchange has neither approved nor disapproved the contents of the press release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute "forward looking statements". When used in this document, the words "anticipated", "expect", "estimated", "forecast", "planned", and similar expressions are intended to identify forward looking statements or information. These statements are based on current expectations of management; however, they are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from the forward-looking statements in this news release. Readers are cautioned not to place undue reliance on these statements. McLaren Resources Inc. does not undertake any obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise after the date hereof, except as required by securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221295
FAQ
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