Exploring the East Timmins Gold District
Potential to earn a 60 percent interest in property located adjacent to Goldcorp's Hollinger and McIntyre mines
Message: AGORACOM Client Feature - McLaren Resources (CNSX:MCL)
MCL:CNSX
Company Highlights
- Blue Quartz Property is located in the Beatty Township (Ontario) 73km East of Timmins
- Property is surrounded by numerous past and presently productive gold mines. Most notably the Black Fox mine (Brigus Gold), the Hislop mine (St Andrews Goldfields) and the Ross mine
- Recently acquired a 100% interest in 8 contiguous mining claims totalling 240 hectares located directly west of the Blue Quartz Property
- Recent Drill Results include: 63m of 1.21 g\t gold and 2m of 13.95 g/t gold
- Blue Quartz Property is 43-101 Compliant
- Potential to earn a 60 percent interest in Timginn property located adjacent to Goldcorp's Hollinger and McIntyre mines
Timginn Property Overview
The Timginn property consists of 9 mining claims covering 238 hectares (588 acres) in the Tisdale Township in Central Timmins which hosts the favourable gold mineralized horizon known as the 95/63 contact which trends onto the adjacent Hollinger Mine (19.3 million oz), McIntyre Mine (10.7 million oz) and Moneta Mine (150,000 oz) please see map below. There was brief production on the property during the 1920's by the Consolidated Gilles Lake Gold Mine which produced 15,000 ounces of gold and was an extension of the Hollinger ore zone. A two compartment shaft was sunk on the property to a depth of 940 feet.
Blue Quartz Property Overview
The Blue Quartz Property is located in the Beatty Township (Ontario) 73km East of Timmins. Access to the property is excellent as a gravel road from Highway # 101 runs directly through the property. Situated on the Abitibi Greenstone Belt, The Blue Quartz property is surrounded by numerous past and presently productive gold mines. Most notably the Black Fox mine (Brigus Gold), the Hislop mine (St Andrews Goldfields) and the Ross mine. The Blue Quartz Property is 43-101 Compliant.
Recent Acquisition
The company has recently acquired a 100% interest in 8 contiguous mining claims totalling 240 hectares located directly west of the Blue Quartz Property in East Timmins Ontario. The additional claims more than double McLaren's current strike length on the Blue Quartz Property.
History
Gold was first discovered on the property in 1907. The Blue Quartz mine was reported to have been produced in the 1920s and 30s from underground mining operations from the 514-foot deep mine shaft, including 6000 feet of crosscutting and drifting, over half of which was on the 500 foot level and lateral workings, to a depth of 740 foot level. Recent drilling programs in 2010/2011 confirm a strong potential for discovery on the property.
Blue Quartz Property Geology
The Blue Quartz Property Straddles both the Pipestone Fault as well as a subsidiary sub-parrallel fault, the Painkiller Fault. The rocks along the trace of these two faults have been silicified and are anomalous in gold. Bedrock mapped on the project area is Early Precambrian belonging to the Abitibi Greenstone Belt.
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