Toronto, Ontario (FSCwire) - McLaren Resources Inc. (“McLaren” / the “Company”) (CSE: MCL, Frankfurt: 3ML) announces that Andrew J. Ramcharan Ph.D., P.Eng, FAusIMM was appointed as director of McLaren.
“We are very pleased that Dr. Ramcharan has joined the Board of Directors of McLaren. Andrew brings a wealth of experience to McLaren in technical and business and we look forward to his contribution to the success of the Company.” said John Heslop, Executive Chairman of the Company.
Dr. Ramcharan has international experience in over 200 mining project evaluations, mergers and acquisitions, and financial analysis. He worked in project start-up to production, investment banking, consultancy and corporate development. While at IAMGOLD, Dr. Ramcharan was involved in major take overs valued at over $800M, private placements $20M, capital finance $800M, and divestiture of mining companies. Dr. Ramcharan led a major discovery of over one (1) million ounces of gold that is NI43-101 Complaint in Panama in 2013. While at Dynatec he worked on the Neutrino Lab. that went on to win the Physics Noble Prize in 2015. He lectured at University of Toronto in Mineral Resource and Mineral Reserve Estimation MIN301.
Dr. Ramcharan is a graduate of the Colorado School of Mines, the University of Leoben and of Harvard University's Continuing Education program. An expert on National Instrument 43-101 with his Ph.D thesis on global reporting codes. Dr. Ramcharan is also a Registered Member of The Society for Mining, Metallurgy and Exploration (SME) in USA, and Fellow of The Australasian Institute of Mining and Metallurgy.
McLaren also announces that its Board of Directors has approved the grant of 300,000 incentive stock options to company directors and consultants. The options are exercisable at $0.125 per share for periods of up to five years from issuance.
About McLaren
McLaren is focused on exploration work on its gold properties located in the Timmins Gold District. The TimGinn Property hosts the former Gilles Lake Mine located adjacent to the Hollinger Mine operated by Goldcorp. The Augdome Property hosts gold mineralized zones adjacent to the Dome Mine operated by Goldcorp in Central Timmins. The Blue Quartz property hosts the former Blue Quartz Mine located 10 km north of the Black Fox Mine in East Timmins operated by Primero Mining.
