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McLaren Resources completes 4,361m of drilling on Timmins McCool Gold Property

Oct 20, 2022

McLaren Resources Inc. has completed 4,361 metres ("m") of exploration diamond drilling in 11 holes during two drill programs on its 100%-owned McCool gold property which is located in the prolific Timmins Gold Region of Northeastern Ontario, Canada where well over 70 million ounces of gold have been produced to date. 

The first phase program consisted of 2,392 m of core drilling in 6 holes and the second program consisted of 1,969 m of core drilling in 5 holes. The primary purpose of these drill programs was to further evaluate and trace the significant gold mineralization known to exist on the property along the Centre Hill Fault from the work of previous owners undertaken during the period 1982-1987 (see August 31, 2022 news release, Table 1, containing selected historical drill results from the McCool property - Placer Development Limited). 

This drill program also tested induced polarization ("IP") and ground magnetic ("GM") geophysical anomalies that were outlined from ground geophysical surveys completed on a portion of the property in February 2022 (see news release dated February 23, 2022). These types of ground geophysical signatures discovered on the property are known to be closely associated with gold occurrences elsewhere in the general area. 

The eleven holes were drilled on approximately 50 m centers along the favorable target area. All core from the two drill programs has been logged and a total of 1,208 samples (699 samples from phase one drilling and 509 samples from phase two drilling), have been selected, sawn in half with half being sent to an assay laboratory for gold analysis. Assay results will be released once all assays have been received, complied and interpreted. 

Several of the 11 drill holes intersected wide intervals of intensely altered rocks along the Center Hill Fault containing variable amounts of sulphide mineralization, fuchsite and sericite, all associated with gold mineralization elsewhere in the area. 

The favorable exploration target area occurs on the eastern portion of the 1,650 hectare ("ha") McCool gold property (see Map 1 below showing the favorable target area for gold in relation to the Centre Hill Fault, the sub-parallel Camrose Fault and the McCool Anticline). The first phase exploration drill program focused on a select portion of the Centre Hill Fault, a northwest trending fault structure which runs along the south side of the McCool Anticline and which is known to host significant gold mineralization on the McCool property. The Centre Hill Fault is interpreted to be a splay off of the major Destor-Porcupine Deformation Zone which is host to many gold deposits in the general area (see Map 2 below showing the location of the major gold-bearing faults, gold deposits and the property ownership of the various companies actively working in the area).

Tags: Northern Ontario / Exploration / Gold / All Articles