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MacDonald Mines Exploration Ltd.
Summary
| Project: | SPJ | |
|---|---|---|
| Deposit: | SPJ | |
| Location: | Canada | |
| Commodities: | Gold-Cobalt | |
| Date: | 1/17/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2020: MacDonald Mines Exploration Ltd. announces an Exploration/Drilling Update report for its SPJ deposit at the SPJ project. Drilling results incl. 14.9m @ 0.4g/t Au, 0.01% Co from 192.7m. TORONTO, Jan. 17, 2020 -- MacDonald Mines Exploration Ltd. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | TORONTO, Jan. 17, 2020 -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) 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 grades, and the intensity of brecciation are comparable to and appear to increase southward towards the Long Trench Breccia 4 kilometres to the south. These drill results show gold-cobalt mineralization that is comparable to the mineralization sampled in 2018 at the Long Trench. This suggests that the Bristol breccia and Long Trench breccia are related and may be hosted in the same structural corridor. The Bristol breccia is open in all directions and to depth. These results greatly increase the potential size of the Scadding Deposit footprint with the high-grade zones of gold reported to date potentially being contained within a larger envelope of lower grade gold, cobalt and other secondary mineralization. | |
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