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MacDonald Mines Exploration Ltd V.BMK

Alternate Symbol(s):  MCDMF

MacDonald Mines Exploration Ltd. is a Canada-based mineral exploration company. The Company is focused on the evaluation, acquisition, and development of precious and critical metals properties in Ontario. It is focused on exploring its 100%-owned, 19,455 ha Scadding-Powerline-Jovan (SPJ) Project located 20 kilometers (km) southeast of the prolific Sudbury Mining Camp in Northern Ontario. The SPJ property consists of the Scadding, Powerline, Jovan, Blueberry, Loney and Golden Copper properties. Scadding Mine, as well as additional mineral claims that surround the Scadding Mine site, which is located in Scadding Township near the Wanapitei-Ashigami Lakes district, east of Sudbury, Ontario. Its Hembruff Copper property consists of 30 mining claims over 6.64 square kilometers.


TSXV:BMK - Post by User

Comment by McLachertyon Dec 03, 2010 7:54am
402 Views
Post# 17794293

RE: RE: RE: RE: Goldenring - w/attachment

RE: RE: RE: RE: Goldenring - w/attachmentThe Properties occur proximal to the greenstone belt containing the Double Eagle nickelcopper- PGE deposit owned by Noront Resources Ltd. (As previously announced on July 4, 2008 the Eagle One Deposit currently hosts an indicated resource of 1.83 million tonnes averaging 1.96% nickel, 1.18% copper, 1.12g/t Pt, 3.91 g/t Pd, as well as an inferred resource of 1.09 million tonnes averaging 2.39% nickel, 1.27% copper, 1.37 g/t Pt and 4.5 g/tPd.) The area also contains the seven closely spaced McFauld’s Lake copper-zinc volcanogenic massive sulphide (VMS) occurrences owned in a joint venture by Spider Resources Inc. and KWG Resources Inc. Assays from drill holes testing these occurrences include 18.0 m @ 5.88% Zn and 0.61% Cu (News Release dated October 28, 2003) and 4.63 m @ 10.4% Cu and 0.86% Zn (Burns, 2004). The Noront nickel deposit is located approximately 20 km south of the West Rim Nickel property and approximately 35 km southwest of the East Rim Nickel property (Fig. 15). The McFaulds Lake VMS occurrences are approximately 25 km to the southeast of the West Rim Nickel property, and 15 km west of the East Rim Nickel property (Fig. 15). The greenstone belt that hosts the Noront discovery and the McFauld’s Lake VMS occurrences is identifiable on regional geology and airborne magnetic maps, and forms an almost completely circular feature, the so-called Ring of Fire. Virtually all of this belt of rocks, and most of the adjacent magnetic and gravity anomalies associated with it, have been staked recently by numerous mining companies. Staking defines an incomplete ring up to 25 km across, with a collective strike length of 150 km (Fig. 15). The West Rim Nickel property is directly west of and adjacent to the northeast-trending strike of the greenstone belt near McFauld’s Lake, in the center of the Ring of Fire. In addition to the major discoveries by Noront and KWG/Spider, there have been several other notable occurrences found by drilling, including VMS style Zn-Cu mineralization found by Macdonald on its McNugget property in the far southwest of the belt; the Probe Mines Ltd/Mantis Mineral Corp/Tamarack Cu-Zn VMS discovery north of the McFauld’s Lake VMS; the WSR/Metalex/Arctic Star Cu-Zn VMS discovery on the north limb of the belt; and the Kyle Lake kimberlite pipe discoveries by Spider/KWG/Renforth east and northeast of the greenstone belt. As indicated (Section 12) several gravity anomalies associated with Large Igneous Complexes and are located in the area (Figure 13) and most ----------Original Message Posted 12/3/2010---------- Here is an old article saying who the players aree Boils down to 4 left as two have been taken out Probe is 2.00 Noront is 1.00 Melkior .28 and Macdonald at .18 with HBM backing I would say as a minimum with any result we are equal to Noront and right now we are past Melkior as we have done more exploration in the area. With the Ontario govt coming onboard with infrasturcture support and Chris's announcing production for 2015 we are worth as minimum right now .50 - 1.00. Drill results will be the telling tale but this is as a minimum. ----------Original Message Posted 12/2/2010---------- One of the more perplexing stocks I have, oh well nothing to do but wait er out and see what gives (me or them). Hopefully them - lol. Just kidding I am here for the long haul. GLTA ----------Original Message Posted 12/2/2010 9:59:35 AM---------- any prediction on just how high this could really go,  I guess it all depends on how good the lab results will be but it sure seems like most of the posters are positive.  Don't see to much bashing going on here
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