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MacDonald Mines Drills 17.06 m of 3.90 g/t gold and 4.75 m of 10.29 g/t gold in the southern extension of the Scadding Deposit

Nov 11, 2020

MacDonald Mines Exploration Ltd. has announced further assay results from its ongoing 14,000 metres 2020 drilling program at the SPJ Property, located 40 km east of Sudbury, Ontario.

Highlights include:

  • 3.90 g/t gold over 17.06 metres, including 20.54 g/t gold over 1.00 metre and 17.61 g/t gold over 1.19 metres in hole SD-20-062 and,
  • 10.29 g/t over 4.75 metres, including 19.50 g/t gold over 0.92 metres and 10.65 g/t gold over 1.04 metres in SD-20-063

Both holes 62 and 63 targeted the southernmost known extension of gold mineralization in the South Pit area. These latest results suggest that mineralization in the Scadding Mine potentially connects with mineralization in the South Pit area. To date, the high-grade gold mineralization in the Bristol/Monaco corridor extends over a strike length of 400 metres between the North and South pits (Figure 1). MacDonald’s drilling focus through December will be on 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, “As we continue our 2020 drilling program, these latest results indicate that the Bristol/Monaco deformation zone forms the most favourable geological target to expand the Scadding Deposit. We have now uncovered several new areas and drill targets forpotential high-grade gold mineralization in this zone. We will also look to expand the potential around the South Pit area with drilling through to the end of the year.

Holes 50 to 55 targeted the newly discovered Monza fold structure southeast of the Scadding Mine. While little gold mineralization was intersected in the samples received to date, all five holes show alteration and structures characteristic of the Scadding Deposit. Once results from all pending samples are received, we will be able to evaluate what follow-up work is required in the Monza Structure and identify future drilling targets in the area.

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