MacDonald Mines Exploration Ltd.

MacDonald Mines Exploration Ltd. announces that it has completed a non-brokered private placement offering of securities for total gross proceeds of $994,781. The Company issued a total of 7,350,428 flow-through Class A common shares at a price of $0.07 per FT Share and 7,388,480 non-flow-through units at a price of $0.065 per Unit. Each Unit is comprised of one Class A common share in the capital of the Company and one [...]

MacDonald Mines Exploration Ltd. 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 . The re-analysis [...]

MacDonald Mines Exploration Ltd. is pleased to announce a strong start to its 2020 definition drilling program in the North Pit area. Hole SM-20-026 intersected 59.2 g/t gold over 19.07 metres in the Bristol Structure, 18 metres north-east of the intersection of 52 g/t gold over 12 metres in SM-19-001 . The on-going 2020 drilling program is well underway with 9 holes drilled so far. Results will be released as they are [...]

MacDonald Mines Exploration Ltd. reports the assay results from the other half of the high-grade intersection of drill hole SM-19-022 that was announced in December 2019 . The intersection between 16.00 and 20.98 metres included significant visible gold ; which is an indication of a potential nugget effect. A nugget effect results when a small sampling size fails to adequately represent the composition of the core tested [...]

MacDonald Mines Exploration Ltd. announces that it has received results from the remaining 3 holes from its fall 2019 drill program at the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. Results indicate that high-grade gold intervals were intersected at the Villeneuve, Bristol and Monaco structures highlighted by 4.32 g/t gold over 4.5 metres including 8.80 g/t gold over 1.1 metres in SM-19-014 and [...]

MacDonald Mines Exploration Ltd. announces that it has received results from an additional 9 holes from its fall 2019 drill program resulting in the discovery of 2 new zones at the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. The 2020 drill program is currently underway and 3 holes from the fall 2019 program are still pending. Results will be reported when received. Hole SM-19-016 made a [...]

MacDonald Mines Exploration Ltd. announces the complete results from hole SM-19-012 drilled last fall at its SJP property, 40 kilometres east of Sudbury, Ontario. Hole SM-19-012 intersected four zones of gold mineralization north of the Scadding Mine and the top of the Bristol breccia at depth. The latest results include 9.4 g/t gold over 4.9 metres, including 35.7 g/t gold over 0.5 metres and 24.1 g/t gold 0.4 metres [...]

MacDonald Mines Exploration Ltd. announces further results from the diamond drill program completed last fall at its SJP property, 40 kilometres east of Sudbury, Ontario. Hole SM-19-008 intersected 3.6 g/t gold over 6 metres, including 21.5 g/t over 0.8 metres, testing the down-dip continuity of the gold zones of the North Pit area. Hole SM-19-012 intersected 4.0 g/t over 9 metres, including 9.1 g/t gold and 0.02% cobalt [...]

MacDonald Mines Exploration Ltd. announces results from two diamond drill holes completed last fall at its SJP property, 40 kilometres east of Sudbury, Ontario. Both drill holes intersected a wide breccia zone in the Bristol Structure, outside and west of the historic Scadding Deposit, that hosts cobalt and gold mineralization. The cobalt and gold grades, and the intensity of brecciation are comparable to and appear to [...]

MacDonald Mines Exploration Ltd. announces that it has completed a first tranche closing of a non-brokered private placement of 1,480,000 ”flow-through” Class A common shares of the Company, within the meaning of such term in the Income Tax Act , at a price of $0.125 per FT Share for gross proceeds of $185,000 . There can be no assurances the Company will complete any additional closings of sales of FT Shares [...]