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MacDonald Mines Exploration Ltd.

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Summary

Project:

SPJ

Deposit:Scadding
Location:Canada
Commodities:Copper-Nickel-Cobalt-Gold
Date:7/8/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:8-7-2020: MacDonald Mines Exploration Ltd. announces an Exploration/Drilling Update report for its Scadding deposit at the SPJ project. Drilling results inc. 22.4m @ 1.5g/t Au from 110.6m. The zone of gold mineralization discovered in SM-20-046, identifie
Resources:x
CP/QP:[Overall Report] Quentin Yarie (Internal)
ABSTRACT:The zone of gold mineralization discovered in SM-20-046, identified by the integration of the Company’s geophysical survey with the geology, was never explored before and is associated with a strong and broad geophysical response (Figure 1). The large geophysical signature suggests that the new gold zone could be much larger in size, both laterally and in depth, and that the mineralized system at Scadding could extend east and south of its currently defined footprint. The spatial overlap of the metals in the same area suggests a closer proximity to the source of the anomalies. The gold discovery in SM-20-046 is hosted in the Espanola limestone that was previously considered an unfavourable host for gold mineralization, and below a breccia zone rich in pyrite mineralization with a polymetallic signature. Chlorite alteration in that zone of gold mineralization is visually different from chlorite alteration encountered in the siliciclastic rocks of the Serpent formation elsewhere in the Scadding Deposit.

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