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MacDonald Mines Exploration Ltd.
Summary
| Project: | Wawa-Holdsworth | |
|---|---|---|
| Deposit: | Wawa | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 7/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-7-2018: MacDonald Mines Exploration Ltd. announces an Exploration/Drilling Update report for its Wawa deposit at the Wawa-Holdsworth project. Drilling results incl. 9.8m @ 0.47g/t Au, 5.14g/t Ag from 27.8m. TORONTO, July 12, 2018 -- MacDonald Mines Exp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Quentin Yarie (Internal) | |
| ABSTRACT: | TORONTO, July 12, 2018 -- MacDonald Mines Exploration Ltd. (TSX-V:BMK) ("MacDonald Mines", the "Company", or “BMK”) announces the results of its Winter 2018 drilling program at its Wawa-Holdsworth Project. Thirteen short exploration holes, totalling 1,093 metres, were drilled to test the bedrock that underlies the Oxide Sands that is believed to be their source. Quentin Yarie, President and Chief Executive Officer of MacDonald Mines stated, "Our drilling program shows that the deformed iron formation, located below the Oxide Sands, is mineralized with precious metals. Although the grades were below the Company’s expectations, these results indicate a large-scale gold-bearing structure crosses the Wawa-Holdsworth Project. A surface mapping and mechanized stripping program will enable us to better understand the distribution of gold in the mineralized structures of the property, and define if potential zones of high-grade mineralization exist in that structural corridor.” The Winter 2018 drilling program was targeting the deformed iron formation located below the Oxide Sands following encouraging precious metal results in the bedrock tagged during the sonic drilling program. Thirteen exploration holes were drilled to test the iron formation over a strike length of 1.3 km. All the holes drilled in the iron formation detected anomalous gold values and show that the structure has potential for precious metal mineralization over its 1.3 km strike length. Mechanized stripping and surface mapping are currently underway on the property to locate potential centers of higher-grade gold mineralization in the multiple gold-bearing structures present on the Wawa-Holdsworth Project. | |
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