MacDonald Mines Re-assays High-Grade Gold Intersection at the Scadding Mine – Second Lab Reporting 464.4 g/t vs 376.6 g/t Gold over 2.96 Metres

TORONTO, March 26, 2020 (GLOBE NEWSWIRE) -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces that the high-grade gold results for hole SM-20-026, announced on February 27, 2020, were confirmed by analyses at a second laboratory. New results reported 464.4 g/t gold over 2.96 metres including 26.3 g/t gold over 1.07 metres, 274 g/t gold over 0.93 metres and 1,137 g/t gold over 0.96 metres. The previous assays reported 376.6 g/t gold over the 2.96 metres (Table 1).

The re-analysis of hole SM-20-026 was undertaken to confirm the extremely high-grade results that were obtained 18 metres downdip from the high-grade intersection of 52 g/t gold over 12 metres in SM-19-001 (see September 27, 2019 News Release). Results to date indicate that the high-grade gold zone in the Bristol/Monaco Structure could extend over 100 metres downdip following the preliminary observation of visible gold (VG) in holes SM-20-031 and SM-20-034 (Figure 1). Assay results from the pending drill holes will be announced as they are received.

Table 1. Assay results from 3 high-grade gold intersections in hole SM-20-026.

Hole	From (m)	To (m)	Core Length* (m)	February 2020 Au (g/t)	March, 2020 Au (g/t)	Average Au (g/t)
SM-20-026	71.00	72.07	1.07	25.1	26.3	25.7
	72.07	73.00	0.93	411.0	274.0	342.5
	73.00	73.96	0.96	735.5	1137.0	936.3
Total	71.00	73.96	2.96	376.6	464.4	420.6

* Assays results presented over core length. They are estimated to represent 75-85% of true width.

Table 2. Drill hole location

Hole ID	Easting	Northing	Elevation (m)	Azimuth	Dip	Depth (m)
SM-20-026	529216.6	5166719.5	307.10	246	-50	100.00