MacDonald Mines Exploration Ltd. announces that it has completed 15 drill holes and one trench to date in the Scadding Deposit and provides a summary and analysis of its on-going exploration program at the Company’s SPJ Property, 20 kilometres east of Sudbury, Ontario. Initial observations indicate that multiple mineralized structures are present on the property, see Figure 1. Assay are pending and will be announced [...]
MacDonald Mines Exploration Ltd. announces results from the fifth hole of its on-going exploration program at the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. Hole SM-19-005 intersected three distinct zones of gold mineralization including, 7.75 g/t gold over 1.44 metres, 21.66 g/t gold over 1.64 metres and 8.1 g/t gold over 1.9 metres. Drilling continues and results will continue to be announced [...]
MacDonald Mines Exploration Ltd. announces that it has filed on SEDAR a National Instrument 43-101 technical report for the SPJ Gold Project, 40 kilometres east of Sudbury, Ontario. The report highlights recent high-grade gold results from the ongoing drill program and outlines recommended exploration work going forward. New programs and further results will be announced as they are finalized or received. Quentin Yarie [...]
MacDonald Mines Exploration Ltd. announces results from the third and fourth hole of its on-going exploration program at the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. Hole SM-19-003 intersected two distinct gold zones: 11.10 g/t gold over 6.14 metres and 3.29 g/t gold over 1.8 metres. Hole SM-19-04 intersected three zones: 1) a shallow zone containing 5.15 g/t gold over 3 metres, 2) 9.02g/t [...]
MacDonald Mines Exploration Ltd. , further to its press release of October 3, 2019, announced that it had closed a non-brokered financing for aggregate gross proceeds of $1,500,000 . Pursuant to the Offering, the Company issued 18,750,000 units at a price of $0.08 per Unit, each such Unit comprised of one Class A common share of the Company and one share purchase warrant . Each Warrant is exercisable to acquire one Common [...]
MacDonald Mines Exploration Ltd. announces results from the second hole of its on-going exploration program at the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. The second hole was collared 35 metres from the previously reported SM-19-001 in the North Zone of the Scadding Deposit. Two distinct zones of high-grade mineralization were intersected : 8.56 g/t gold over 7.63 metres, including 14.04 g/t [...]
MacDonald Mines Exploration Ltd. announces that is has purchased 100% interest in 38 claims, located 35 kilometres from downtown Sudbury, Ontario. The new claims add to MacDonald’s large SPJ Property package and cover prospective extensions of the potential Iron-Oxide-Copper-Gold system identified at the Scadding Mine . The Scadding Mine produced 914 kilograms of gold from 127,000 tonnes of mineralized material [...]
MacDonald Mines Exploration Ltd. announces that Eric Sprott, through 2176423 Ontario Ltd., a corporation that is beneficially owned by him, acquired 18,750,000 Units of the Company priced at $0.08 for a total consideration of $1,500,000. Mr. Sprott did not beneficially own any securities in the Company prior to this investment. The Company understands that Mr. Sprott acquired the Units for investment purposes and with a [...]
MacDonald Mines Exploration Ltd. announces that the multi-element signature of grab samples collected at the Scadding Mine is likely indicative of an Iron-Oxide-Copper-Gold deposit. Twelve grab-samples collected on the SPJ Property have returned anomalous cobalt , copper and nickel in addition to high-grade gold mineralization . The uranium anomaly, that covers two separate zones and extends over 2.5 kilometres, indicates [...]
MacDonald Mines Exploration Ltd. announces results from the first hole of its inaugural drilling program on the Scadding Deposit at its SPJ Property, 33 kilometres northeast of Sudbury, Ontario . Hole SM-2019-001 confirms that significant high-grade gold mineralization exists in the North Zone of the Scadding Deposit . Highlights from hole SM-2019-001 include: 52.02 g/t gold over 12.3 metres, including 210.23 g/t gold [...]
MacDonald Mines Exploration Ltd. announces that all formal conditions precedent to the definitive agreements signed with Northern Sphere Mining Corp. and Currie Rose Resources Inc. , as announced on April 30, 2019, have been satisfied. The Company holds a 100% interest in the Scadding Mine, which is part of MacDonald’s SPJ Iron-Oxide-Copper-Gold Project located 40 km east of Sudbury, Ontario. The Company also [...]
MacDonald Mines Exploration Ltd. announces the expansion of its SPJ Property through the purchase of 151 claims in the Wanapitei Lake area, 33 kilometres northeast of Sudbury, Ontario. The claims are contiguous to MacDonald’s property and cover prospective extensions of the gold-rich Iron-Oxide-Copper-Gold system identified at the Scadding Mine. Historically, the Scadding Mine produced 914 kilograms of gold from [...]
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