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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 patreidon Mar 25, 2015 1:15pm
161 Views
Post# 23559971

RE:RE:Noront buys Cliffs out!

RE:RE:Noront buys Cliffs out!Cliffs purchased the mine deposit and stalked land in 2009 for 240 million US. Major right off for them as they restructure. They simply got sick of waiting for our Natives and government to make a decision on mining permits and access. If the bought us out for 20 million US, our shares would be worth 7 and 1/2 cents. If the native power generation goes forward, and rail or road finally get approved, then we will see some hope. A drilling permit will move us up a touch, but not enough to sell. That's all we need is a permit, some good results, and the long term investors are set.
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