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MacDonald Mines Exploration Ltd.
Summary
| Project: | SPJ | |
|---|---|---|
| Deposit: | SPJ | |
| Location: | Canada | |
| Commodities: | Gold-Cobalt | |
| Date: | 1/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-1-2020: MacDonald Mines Exploration Ltd. announces an Exploration/Drilling Update report for its SPJ deposit at the SPJ project. Drilling results incl. 9.4m @ 4.0g/t Au from 105.9m. TORONTO, Jan. 20, 2020 -- MacDonald Mines Exploration Ltd. (TSX-V: BMK | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | TORONTO, Jan. 20, 2020 -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces further results from the diamond drill program completed last fall at its SJP property, 40 kilometres east of Sudbury, Ontario. Hole SM-19-008 intersected 3.6 g/t gold over 6 metres, including 21.5 g/t over 0.8 metres, testing the down-dip continuity of the gold zones of the North Pit area. Hole SM-19-012 intersected 4.0 g/t over 9 metres, including 9.1 g/t gold and 0.02% cobalt over 0.9 metres, testing the northern extension of the Scadding Mine. The results from the upper chlorite zone in hole SM-19-012 in which visible gold was observed, are still pending. Quentin Yarie, MacDonald’s President and CEO commented: “The 2019 drilling results continue to significantly expand the extensions and footprint of the high-grade gold mineralization found at the Scadding Deposit. We have confirmed that mineralization extends at depth in the Monaco and Bristol structures in the North Pit area, and we have indications in hole SM19-008 that gold-cobalt mineralization is also possible in those structures – leading to the possibility of a much larger geological system at work than historically thought. Hole SM-19-012 shows that the mineralized structures mined at the Scadding Mine remain open to the north and that additional step-outs into those structures are able to discover further zones and extensions of high-grade gold mineralization.” | |
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