McLaren Resources Sells Gold Property, Plans More Drilling

McLaren Resources (TSE:MCL) has released an update.

McLaren Resources has finalized the sale of its Augdome gold property in Timmins, Ontario, to Newmont Corporation’s subsidiary for $572,889 plus a 1% royalty on future gold production. The company maintains a 100% interest in three other gold exploration properties in the area, where recent drilling has shown promising results. McLaren is planning further exploration, including diamond drilling, on these properties in the near future.

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