McLaren Resources Starts Exploration Drill Program on Its Augdome Gold Property
Toronto, Ontario--(Newsfile Corp. - October 23, 2017) - McLaren Resources Inc. (CSE: MCL) (FSE: 3ML) ("McLaren" / the "Company") announces the commencement of an exploration drill program on its 414-hectare Augdome Gold Property (the "Property") located in Tisdale and Whitney Townships in the prolific Timmins Gold District, Northeastern Ontario, Canada.
The Property is located immediately to the east of the Dome Mine property held by Goldcorp Canada Ltd. ("Goldcorp"). The Property has seen several phases of historical gold exploration from 1909 until 1988 which have been successful in delineating the "Surface Gold Zone" which is located in the western portion of the claim group adjacent to Dome Mine property. This gold zone occurs along the gold bearing Destor-Porcupine structure in an area that has been disrupted and intruded by felsic intrusive porphyries. The Property straddles approximately 2,300 metres of the Destor-Porcupine structure.
The current drill program, which will consist of approximately 1,700 metres of core diamond drilling in six holes, is designed to explore gold-bearing zones within the Destor-Porcupine fault structure located adjacent to the Dome Mine. Based on results, McLaren may drill an additional two to three holes as part of this current program.
In 2016, Goldcorp announced that it had discovered an indicated mineral resource of 4.5 million ounces and an inferred mineral resource of 0.9 million ounces (for a total of 5.4 million ounces) on the Dome Mine property in what is now being called the Dome Century Project. The information presented in this news release has been reviewed and approved by Kenneth Guy, P.Geo, the Qualified Person for exploration at the Augdome Project, as defined by National Instrument 43-101 "Standards of Disclosure for Mineral Projects".
About McLaren
McLaren is focused on exploration work on its three gold properties which are located in the Timmins Gold District of Northeastern Ontario. These properties include the Augdome Property, which hosts gold zones located adjacent to Goldcorp Inc.'s Dome Mine located in Central Timmins, the TimGinn Property, which hosts the former Gilles Lake Gold Mine located in Central Timmins adjacent to Goldcorp Inc.'s Hollinger Mine and the Blue Quartz Property, which hosts the former Blue Quartz Mine located 10 km north of Primero Mining's Black Fox Mine in East Timmins.
For more information, please contact:
Radovan Danilovsky, Interim President
Phone: 905-903-6423
McLaren Resources Inc.
44 Victoria Street, Suite 1616
Toronto, Ontario M5C 1Y2
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.