MacDonald Mines Exploration Ltd. announces results from two diamond drill holes completed last fall at its SJP property, 40 kilometres east of Sudbury, Ontario. Both drill holes intersected a wide breccia zone in the Bristol Structure, outside and west of the historic Scadding Deposit, that hosts cobalt and gold mineralization. The cobalt and gold [...]
MacDonald Mines Exploration Ltd. announces that it has completed a first tranche closing of a non-brokered private placement of 1,480,000 ”flow-through” Class A common shares of the Company, within the meaning of such term in the Income Tax Act , at a price of $0.125 per FT Share for gross proceeds of $185,000 . There can be no [...]
MacDonald Mines Exploration Ltd. has received results from its channel sampling program on the Villeneuve Structure located on the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. All channel samples returned gold , as well as variable cobalt, copper and nickel. The Villeneuve Structure will be one of the main targets of [...]
MacDonald Mines Exploration Ltd. announces highlights from one hundred and eighty-eight grab samples collected outside of the Scadding Mine footprint. Polymetallic mineralization, indicative of an Iron-Oxide-Copper-Gold deposit, was observed 7 kilometres east of the Scadding Mine . The grab samples were collected primarily on the Jovan Property [...]
MacDonald Mines Exploration Ltd. announces results from four holes of its now completed Fall 2019 drilling program at the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. Results are highlighted by hole SM-19-022 with the discovery of a significant zone of near-surface gold mineralization north of the Scadding East-West Pit [...]
MacDonald Mines Exploration Ltd. announces that Mr. Stuart Adair will join the Board of Directors effective immediately and Ms. Fiona Fitzmaurice has been appointed as MacDonald’s Chief Financial Officer. Mr. Stuart Adair, CPA, CA, is a seasoned finance executive who has been investing in the junior mining sector for over 25 years. He has [...]
MacDonald Mines Exploration Ltd. announces that it has expanded its current 2,000-meters drilling program with plans to drill an additional 7,500 metres at its SPJ Project, 20 kilometres east of Sudbury, Ontario. The Company has now completed 15 holes and reported assays from 5 holes of the August program with remaining assays pending. The larger [...]
MacDonald Mines Exploration Ltd. announces highlights from nineteen grab samples collected outside of the Scadding Mine footprint. Polymetallic mineralization, indicative of an Iron-Oxide-Copper-Gold deposit, was observed 3.5 kilometres northeast of the Scadding Mine . The grab samples, collected in the northern extension of the previously reported [...]
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 [...]
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 [...]
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 [...]
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 [...]
