The Ontario Ministry of Energy, Northern Development and Mines (MENDM) in Canada has granted a mineral exploration permit to McLaren Resources for the Kerrs gold property.

The permit for the 775ha Kerrs gold property, which is located in the prolific Timmins Gold District of north-eastern Ontario, has been issued for an initial three-year term.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

McLaren now plans to undertake various surface exploration activities, including line-cutting, geological and geophysical surveys and diamond drilling on the property.

The firm is anticipated to complete initial data compilation and field studies on the Kerrs property during mid-2021.

McLaren is also seeking an exploration permit from MENDM for its 100%-owned McCool gold property, which is held under one Ontario Mining Lease consisting of surface and mining rights.

The Kerrs and 275ha McCool gold properties were acquired by McLaren from Newmont last year. This was agreed in exchange for a four-year option on McLaren’s Augdome gold property.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Covering an area of 408ha, the Augdome property is located in Tisdale and Whitney Townships immediately east of the Newmont-owned Dome Mine.

The Kerrs and McCool properties are located within the Abitibi Greenstone Belt along the Destor-Porcupine Deformation Zone, which is claimed to host several gold deposits.

McLaren said that these two properties are located near several gold mines and development projects that are situated along Hwy 101 east of Timmins.

Moreover, McLaren holds a 100% stake in the Blue Quartz Gold Mine, a past-producing property located approximately 22km west of the McCool property.