RE:RE:RE:RE:RE:Bang for the BuckFrom NR Aug 22 2019:
Toronto, Ontario – August 22, 2019 – MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces preliminary results from the 2,000-metres drill program, announced on August 1, 2019, at its 100% owned and permitted Scadding Mine. The high-grade Scadding Mine is located within the Company’s 10,647 hectares SPJ (Scadding-Powerline-Jovan) Property (Figure 1), 40 kilometres east of Sudbury, Ontario.
Highlights of current drill program:
• The first two drill holes intersected mineralized hydrothermal breccia zones with visible gold and abundant pyrite;
• Drill hole SM-19-001 intersected two mineralized zones, including an interval with over 12 pinheads of visible gold, centered around 46 metres depth;
• Visible gold was also observed in SM-12-002 in a chlorite breccia at 24 metres depth – the hole had not been completed at the time of this press release.
Quentin Yarie, MacDonald’s President and CEO, said, “We have put considerable effort to consolidate our current land position east of Sudbury. This is an emerging IOCG (Iron-Oxide-Gold-Copper) district and we believe Scadding could host a gold-rich IOCG-type deposit. The gold observed in our first two drill holes confirms that our efforts were well worth it. The first round of assays will be rushed so that we can validate to our shareholders the potential of the SPJ Project.”