TORONTO, July 12, 2018 -- MacDonald Mines Exploration Ltd. 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 [...]
TORONTO, June 28, 2018 -- MacDonald Mines Exploration Ltd. announces the results of its 2018 Annual and Special Meeting of Shareholders held earlier today in Toronto, Ontario, Canada. At the Meeting, all resolutions were passed with the required majorities: Shareholders fixed the number of directors at four ; The shareholders elected Tara Gilfillan, Quentin Yarie, Kevin Tanas and Gordon McKinnon to be duly elected as [...]
TORONTO, June 06, 2018 -- MacDonald Mines Exploration Ltd. announces that it is working with Northern Sun Mining Corp., and its plant in Timmins, Ontario, to develop a process that will maximize precious metals recoveries from BMK’s Oxide Sands deposit at its Wawa-Holdsworth Project in Wawa, Ontario. The Companies are concentrating their efforts on: Optimizing precious metals grades in the sands prior to shipping [...]
TORONTO, May 29, 2018 -- MacDonald Mines Exploration Ltd. announces that it will complete a bulk sample of the Oxide Sands this summer in preparation for negotiating an off-take agreement for the extraction of the precious metals-bearing sands at its Wawa-Holdsworth Project*. Proposed location of Oxide Sands bulk sample The NI 43-101 resource estimate of the Oxide Sands, currently being undertaken by Golder Associates [...]
TORONTO, Feb. 20, 2018 -- MacDonald Mines Exploration Ltd. will be exhibiting at the upcoming 2018 Prospectors and Developers Association of Canada International Conference. Members of MacDonald’s management team would like to invite current shareholders, potential investors, analysts, brokers and interested parties to visit booth 2512 in the Investor Exchange to learn more about the Company’s Wawa-Holdsworth [...]
MacDonald Mines Exploration announces that it has received gold and silver assays for 100 sonic boreholes at its Wawa-Holdsworth Project. Most of boreholes were drilled in an exploration target that was defined using geophysical methods, in a previously non-excavated area. Nine sonic boreholes discovered a new zone of Oxide Sands with evidence of significant gold and silver mineralization. 2017 Sonic drilling highlights [...]
MacDonald Mines Exploration Ltd. , further to its press releases dated December 14, 19 and 21, 2017, is pleased to announce that it has closed today the third and final tranche of its previously announced private placement offering of securities of the Company and has issued a further 1,260,000 FT Units and 1,000,000 Non-FT Units for gross proceeds of $216,000. Pursuant to the Offering, which was over-subscribed, the [...]
MacDonald Mines Exploration Ltd. , further to its press releases dated December 14 and 19, 2017, is pleased to announce that it has closed today the second tranche of its previously announced private placement offering of securities of the Company and has issued 1,980,000 FT Units and 1,350,000 Non-FT Units for gross proceeds of $319,500. Pursuant to the Offering, the Company intends to issue up to a total of $1,000,000 [...]
TORONTO, Dec. 19, 2017 -- MacDonald Mines Exploration Ltd. , further to its news release dated December 14, 2017, is pleased to announce that it has closed today the initial tranche of the announced private placement offering of securities of the Company and has issued 6,000,000 FT Units for gross proceeds of $600,000. Private Placement Pursuant to the Offering, the Company intends to issue up to a total of 1,000,000 of [...]
TORONTO, Dec. 14, 2017 -- MacDonald Mines Exploration Ltd. announces a non-brokered private placement of units and flow-through units , in such combination to be determined by the Company, for gross proceeds of up to CAD$1,000,000 . The Company intends to close the Offering on Wednesday, December 20, 2017 subject to the receipt of all regulatory approvals including the approval of the TSX Venture Exchange. Each Unit is [...]
TORONTO, Dec. 07, 2017 -- MacDonald Mines Exploration Ltd. announces that its sonic drilling program has discovered gold and silver in the bedrock underneath the Oxide Sands formation at its Wawa-Holdsworth Project. Table 1 highlights the sonic drilling results from the bedrock underlying the Oxide Sands. The sonic drilling for the Oxide Sands was extended to “tag” bedrock wherever possible. Plan map of sonic [...]
TORONTO, Dec. 05, 2017 -- MacDonald Mines Exploration Ltd. announces that it has received gold and silver assays for 59 of 401 sonic boreholes completed in the Oxide Sands trend of its Wawa-Holdsworth Project. Of the 59 holes received to date, twenty-four had composite gold values greater than 1g/t over 1 metre. Plan map of trenching locations with gold AuEq values An infographic accompanying this announcement is [...]
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