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MacDonald Mines Exploration Ltd.
Summary
| Project: | Wawa-Holdsworth | |
|---|---|---|
| Deposit: | Holdsworth | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 1/31/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-1-2018: MacDonald Mines Exploration Ltd. announces an Exploration/Drilling Update report for its Holdsworth deposit at the Wawa-Holdsworth project. Drilling results incl. 3.05m @ 5.5g/t Au, 16.45g/t Ag from 0m. TORONTO, Jan. 31, 2018 -- MacDonald Mines | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Quentin Dale Yarie (Internal) | |
| ABSTRACT: | TORONTO, Jan. 31, 2018 -- MacDonald Mines Exploration Ltd. (TSX-V:BMK) ("MacDonald Mines", the "Company", or “BMK”) 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 significant gold and silver mineralization. Quentin Yarie, President and Chief Executive Officer of MacDonald Mines stated, "Our sonic drilling program confirms a larger footprint than previously known for the mineralized Oxide Sands; extending over a strike length exceeding 1.5 km. By “tagging” the bedrock underneath the Oxide Sands we have shown that the mineralization exists in the bedrock beneath the sands. A current drill program is targeting these zones of mineralization to provide us with better definition for a resource calculation.” Oxide Sands Sonic Drilling Results Sonic drilling systematically tested trenches where precious metal-rich Oxide Sands were identified and conceptual exploration areas defined using geophysics. This was done to establish the lateral and strike length continuity of the geological formation from which the Oxide Sands are derived. The newly discovered Oxide Sands zone was traced over a strike length of 50 metres, and may extend further west along a favourable trend revealed by geophysics. Sonic drilling results to date also support the geophysical interpretation that the gold-bearing geological unit(s), of which the Oxide Sands are forming the oxidized cap, extend over 1,500 metres in strike length. Results from approximately 250 sonic boreholes are still pending. | |
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