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MacDonald Mines Exploration Ltd.
Summary
| Project: | SPJ | |
|---|---|---|
| Deposit: | Scadding | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/7/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-10-2019: MacDonald Mines Exploration Ltd. announces an Exploration/Drilling Update report for its Scadding deposit at the SPJ project. Drilling results incl. 7.63m @ 8.56g/t Au from 20.2m. TORONTO, Oct. 07, 2019 -- MacDonald Mines Exploration Ltd. (TSX- | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | TORONTO, Oct. 07, 2019 -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces results from the second hole of its on-going exploration program at the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. The second hole was collared 35 metres from the previously reported SM-19-001 (see Sept. 26, 2019 News Release) in the North Zone of the Scadding Deposit. Two distinct zones of high-grade mineralization were intersected (Table 1): 8.56 g/t gold over 7.63 metres, including 14.04 g/t gold over 4.21 metres, and 3.21/t gold over 15.29 metres, including 23.15 g/t gold over 0.87 metres. The Company has expanded its exploration program at the SPJ Property beyond the current and on-going drill program at the Scadding Deposit. Six (6) holes have been completed to date and assay results will be announced as they are received. Quentin Yarie, MacDonald’s President and CEO commented: “These results support our model of multiple, thick zones of high-grade gold mineralization at Scadding. As we target these stacked zones of mineralization in our on-going drilling program, we’ve observed visible gold in four discrete locations down the hole in SM-19-005, located 60 metres down-dip of hole SM-19-002. This indicates that the gold-rich zones form a mineralized envelope that appears to be wider than suggested by historic drilling and that the mineralized system likely extends to depth." "Also, our recent sampling program within and beyond the Scadding Mine area was indicative of a gold-rich Iron-Oxide-CopperGold system. This can potentially expand, beyond what was previously thought, the size and footprint of mineralization on the property. We have expanded our exploration program to include further prospecting, stripping, and trenching of these new areas, along with the on-going drill program to expand the Scadding Deposit.” | |
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