MacDonald Mines Resumes Drilling and Launches its Summer 2020 Exploration Program at its SPJ Project

Nachrichtenquelle: globenewswire
12.08.2020, 12:00  |  151   |   |   

TORONTO, Aug. 12, 2020 (GLOBE NEWSWIRE) -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces that it has launched its Summer 2020 exploration program at its SPJ property, located 20km east of Sudbury Ontario.  Drilling has restarted with an initial 2,000 metres of an anticipated 14,000 metres drill program to further define the geometry of the Scadding Deposit with its newly discovered zones and extensions. The summer program includes a campaign of drill holes targeting a series of folds and hinge zones that host the recently discovered high-grade gold mineralization at Scadding (Figure 1). Groundwork, geophysics and drilling will also continue on the several other regional targets on the large SPJ property.

Quentin Yarie, President and CEO of MacDonald commented, “We are excited to launch into a systematic, district scale exploration program this summer on this recently identified IOCG system – a first in the Wanapitei area. For 2020, we will continue to build on our newly interpreted structural model utilizing modern exploration techniques. We plan to refine and prioritize drilling targets of the high-grade hinge and fold zones at Scadding and expand the model over several new targets on our 18,340 hectares land package.  With an aggressive and fully funded program for 2020/21, we look forward to providing consistent news flow to our shareholders throughout the year.

Figure 1.  Geophysical anomalies associated with polymetallic mineralization at Scadding

https://www.globenewswire.com/NewsRoom/AttachmentNg/f06117ef-9b8e-4703 ...

A high-resolution IP survey is underway to extend the Company’s previous IP survey around the Scadding Mine and to cover the multiple prospects, beyond Scadding, that were identified by this summer’s prospecting and mapping program (Figure 2).

Figure 2. Proposed locations of IP survey

https://www.globenewswire.com/NewsRoom/AttachmentNg/680214e7-8995-436f ...

Results from the Winter/Spring 2020 drilling program combined with the Company’s previous geophysical survey and surface geology identified that the mineralized system at Scadding is controlled by a series of folds. The association between a modified statistical “metal factor” IP response and gold mineralization has been shown to be a valuable tool to target polymetallic gold mineralization in the system.

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MacDonald Mines Resumes Drilling and Launches its Summer 2020 Exploration Program at its SPJ Project TORONTO, Aug. 12, 2020 (GLOBE NEWSWIRE) - MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces that it has launched its Summer 2020 exploration program at its SPJ property, located 20km east of …

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