MacDonald Mines Update on SPJ Gold Project

MacDonald Mines Exploration Ltd has reported further assay results from its ongoing 2020 drilling program at the SPJ Property, located 40 km east of Sudbury
MacDonald Mines Update on SPJ Gold Project
MacDonald Mines

MacDonald Mines Exploration Ltd has reported further assay results from its ongoing 2020 drilling program at the SPJ Property, located 40 km east of Sudbury in Ontario. Hole SM-20-065 intersected, near-surface, 7.18 g/t gold over 13.23 metres, including 41.44 g/t gold over 1.09 metres and 22.60 g/t gold over 1.00 metre, further expanding the high-grade gold mineralization of the Scadding Deposit. Drilling continues with approximately 7,548 metres of the 14,000 metres program completed and 74 holes drilled to date. Further assay results are forthcoming and will be released as they are received.

Holes SD-20-058 and SD-20-059 of the program also revealed broad zones of gold mineralization west of the Scadding Deposit, in an area that has seen little exploration in the past. Hole 59 intersected a broad zone of gold mineralization in the Bristol/Monaco corridor that further supports the extension of gold mineralization, beyond the current footprint of the Scadding Mine, between the mine and the South Pit.

MacDonald’s focus through December 2020 is to continue drilling the large exploration gaps that exist between the Scadding underground mine and both the North Pit and South Pit areas.

Quentin Yarie, MacDonald’s President and CEO stated, “We continue to drill new zones of high-grade gold mineralization in the Bristol/Monaco deformation zone, confirming how we can expand the historic Scadding Deposit. Results are suggesting that a parallel corridor of gold mineralization exists to the west within the Bristol Breccia which extends over a strike of 200 metres and remains open in all directions. We are starting to see indications of chlorite alteration that could be indicative of further undiscovered zones of higher-grade gold mineralization in the Bristol Breccia structure. While drilling continues, we are utilizing the results of our recent IP surveys to further guide the deposit expansion drill program.”

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