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MacDonald Mines Exploration Ltd.

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Summary

Project:

SPJ

Deposit:Scadding
Location:Canada
Commodities:Gold
Date:9/26/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:26-9-2019: MacDonald Mines Exploration Ltd. announces an Exploration/Drilling Update report for its Scadding deposit at the SPJ project. Drilling results incl. 12.3m @ 52.02g/t Au from 37.8m. TORONTO, Sept. 26, 2019 -- MacDonald Mines Exploration Ltd. (TS
Resources:x
CP/QP:[Overall Report]: Quentin Yarie (Internal)
ABSTRACT:TORONTO, Sept. 26, 2019 -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) 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 (Figure 1). Hole SM-2019-001 confirms that significant high-grade gold mineralization exists in the North Zone of the Scadding Deposit (Figure 2). Quentin Yarie, MacDonald’s President and CEO commented: “These results exceed our expectations. They highlight the IronOxide-Copper-Gold “(“IOCG”) potential of the Scadding Deposit and confirm that the deposit hosts significant and stacked zones of high-grade gold mineralization. These gold-rich zones also appear to be wider than suggested by historic drilling. Now that we have our exploration permit in hand, we’ll be able to advance our exploration activities and drilling on the property and further expand the footprint of the Scadding Deposit.”

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