McLaren to conduct survey over Blue Quartz

Executive Summary

• McLaren Resources Inc. announced plans to conduct a drone magnetic geophysical survey on its 100%-owned Blue Quartz gold property in Timmins, Ontario.
• The survey will target two specific geological structures with historic underground mining activity: the Blue Quartz mine target area near the Pipestone fault and a northern target area near the Painkiller Lake fault.
• The property is situated within the Destor Porcupine fault zone and is surrounded by other active gold projects, including those of Onyx Gold Corp., GFG Resources Inc., and McEwen Mining Inc.

Key Details

• Survey Type: Drone magnetic (mag) geophysical survey.
• Location: Blue Quartz gold property, located 73 kilometres east of Timmins, Ontario.
• Property Size: 640 hectares, consisting of patented claims and staked claim cells.
• Ownership: 100% owned by McLaren Resources Inc.
• Target Areas:
  • Southern Target: Blue Quartz mine target area, proximal to the Pipestone fault, where historic underground mining previously occurred.
  • Northern Target: Area containing historic underground mine workings, proximal to the Painkiller Lake fault.
• Geological Context: Property is situated on geological faults associated with the Destor Porcupine fault zone, trending east-west within the Abitibi greenstone belt.
• Historic Infrastructure: The property hosts the past-producing Blue Quartz mine, the past-producing Aljo mine shaft, and the Lucky Ben, Dunlop, and Clifford exploration shafts.
• Regional Exploration Context:
  • Neighbours the Munro-Croesus gold project of Onyx Gold Corp.
  • Neighbours the Goldarm property of GFG Resources Inc.
  • Located north of the Fox gold mine property of McEwen Mining Inc.
  • Exploration success at Onyx Gold's Argus North zone (5 km southeast along structural trend) and GFG Resources' adjacent exploration highlight the property's potential.
• Qualified Person: William MacRae, PGeo, consultant to McLaren.

Notable Quotes

• No direct quotes from management were included in the provided text.