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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
MacDonald Mines Exploration Ltd. is pleased to announce that it has appointed Mr. Pat Dubreuil to MacDonald Mines’ Board of Directors effective immediately. Mr. Dubreuil is a successful businessman and entrepreneur who was named the “2016 Northern Ontario Business Entrepreneur of the Year”. In 2017, he was appointed President of [...]
MacDonald Mines Exploration Ltd. announces preliminary results from the 2,000-metres drill program, announced on August 1, 2019, at its 100% owned and permitted Scadding Mine. The high-grade Scadding Mine is located within the Company’s 10,647 hectares SPJ Property , 40 kilometres east of Sudbury, Ontario. Highlights of current drill program [...]
MacDonald Mines Exploration Ltd. announces the results of its 2019 Annual and Special Meeting of Shareholders held August 15, 2019 in Toronto, Ontario, Canada. As a result of Gord McKinnon’s passing after the meeting materials were sent to shareholders, management of the Company nominated Al Wiens, in addition to its previously disclosed [...]
MacDonald Mines Exploration Ltd. announces that it has closed a non-brokered private placement financing of the Company for gross proceeds of $482,000. In the Offering, MacDonald Mines issued 7,700,000 non-flow-through units and 1,940,000 flow-through shares of the Company, each priced at $0.05. Each Unit consists of one common share of the Company [...]
