TORONTO, July 26, 2018 -- MacDonald Mines Exploration Ltd. announces it has completed a mobile magneto tellurics survey, the most advanced generation of airborne audio frequency magnetics technologies, over the Wawa-Holdsworth Project. Expert Geophysics Limited’s MobileMT system on survey Quentin Yarie, President and Chief Executive Officer [...]
TORONTO, July 19, 2018 -- MacDonald Mines Exploration Ltd. announces it has strategically staked an additional 177 claims covering 3,915 hectares around its newly acquired Powerline and Jovan Properties, near Sudbury, Ontario. The Company now controls 5,376 hectares in this under-explored polymetallic gold district that exhibits similarities to the [...]
TORONTO, July 18, 2018 -- MacDonald Mines Exploration Ltd. announces that it has signed a definitive agreement to acquire a 100% interest in the Jovan and Powerline Properties , located within 40 kilometres of Sudbury, in Northern Ontario. The Properties are ideally located close to roads, power lines and a skilled labour force . Location map of [...]
TORONTO, July 12, 2018 -- MacDonald Mines Exploration Ltd. announces the results of its Winter 2018 drilling program at its Wawa-Holdsworth Project. Thirteen short exploration holes, totalling 1,093 metres, were drilled to test the bedrock that underlies the Oxide Sands that is believed to be their source. Quentin Yarie, President and Chief [...]
TORONTO, June 28, 2018 -- MacDonald Mines Exploration Ltd. announces the results of its 2018 Annual and Special Meeting of Shareholders held earlier today in Toronto, Ontario, Canada. At the Meeting, all resolutions were passed with the required majorities: Shareholders fixed the number of directors at four ; The shareholders elected Tara [...]
TORONTO, June 06, 2018 -- MacDonald Mines Exploration Ltd. announces that it is working with Northern Sun Mining Corp., and its plant in Timmins, Ontario, to develop a process that will maximize precious metals recoveries from BMK’s Oxide Sands deposit at its Wawa-Holdsworth Project in Wawa, Ontario. The Companies are concentrating their [...]
TORONTO, May 29, 2018 -- MacDonald Mines Exploration Ltd. announces that it will complete a bulk sample of the Oxide Sands this summer in preparation for negotiating an off-take agreement for the extraction of the precious metals-bearing sands at its Wawa-Holdsworth Project*. Proposed location of Oxide Sands bulk sample The NI 43-101 resource [...]
TORONTO, Feb. 20, 2018 -- MacDonald Mines Exploration Ltd. will be exhibiting at the upcoming 2018 Prospectors and Developers Association of Canada International Conference. Members of MacDonald’s management team would like to invite current shareholders, potential investors, analysts, brokers and interested parties to visit booth 2512 in the [...]
MacDonald Mines Exploration announces that it has received gold and silver assays for 100 sonic boreholes at its Wawa-Holdsworth Project. Most of boreholes were drilled in an exploration target that was defined using geophysical methods, in a previously non-excavated area. Nine sonic boreholes discovered a new zone of Oxide Sands with evidence of [...]
MacDonald Mines Exploration Ltd. , further to its press releases dated December 14, 19 and 21, 2017, is pleased to announce that it has closed today the third and final tranche of its previously announced private placement offering of securities of the Company and has issued a further 1,260,000 FT Units and 1,000,000 Non-FT Units for gross proceeds [...]
MacDonald Mines Exploration Ltd. , further to its press releases dated December 14 and 19, 2017, is pleased to announce that it has closed today the second tranche of its previously announced private placement offering of securities of the Company and has issued 1,980,000 FT Units and 1,350,000 Non-FT Units for gross proceeds of $319,500. Pursuant [...]
TORONTO, Dec. 19, 2017 -- MacDonald Mines Exploration Ltd. , further to its news release dated December 14, 2017, is pleased to announce that it has closed today the initial tranche of the announced private placement offering of securities of the Company and has issued 6,000,000 FT Units for gross proceeds of $600,000. Private Placement Pursuant to [...]