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MacDonald Mines extends Scadding Gold System near Sudbury with copper, cobalt and REOs

Jul 8, 2020

MacDonald Mines Exploration Ltd. reports the results from the last 4 holes of its Spring 2020 drilling program at the Company’s SPJ Property, 20 kilometres east of Sudbury, Ontario. Drilling confirmed that a near-surface and broad zone of gold mineralization is present south of the Scadding Deposit, in an area that was never drilled before. Hole SM-20-046, located 200m east of the East-West Pit, intersected 1.5 g/t gold over 22.4m including 6.9 g/t gold over 1.5m and 5.2 g/t gold over 1.46m in a large geophysical anomaly that extends at depth (Figure 1).

The results from hole SM-20-046 indicate that there is an association between the metal factor IP response and gold mineralization at Scadding and that the Company’s modelling can be used as a valuable tool to target more gold mineralization in the system. The large anomaly, drilled in hole 46, extends both to the east and south, and appears to become larger at depth. MacDonald believes that the historic pits of the Scadding Mine, with the high-grade gold mineralization the Company intersected previously in each, could represent the apex of that large geophysical anomaly (Figure 2).

Quentin Yarie, MacDonald’s President and CEO commented: “The compilation of IP and other data has given us a targeting tool that is proving to be extremely valuable as we continue to advance exploration at the SPJ Project. Hole SM-20-046, collared 200m east of the East-West Pit, targeted an area that shows a strong geophysical response that was never identified, nor drilled, before. The new and broad gold-bearing zone we intersected, along with the presence of cobalt, copper and REOs further supports our IOCG-type deposit model for Scadding. This first confirmation of the geophysical anomaly indicates that the historic deposit is much larger than its currently defined footprint. Field work to test other prospects on the property is currently underway and a systematic follow-up drill program of this discovery and other priority targets will be undertaken later in the season. This discovery of a new high-grade gold zone in the first new area we’ve tested this year supports the discovery potential of the SPJ Project beyond the historic Scadding area.”

Tags: Northern Ontario / Exploration / Gold / All Articles