MacDonald Mines Announces a Drilling Program at Its SPJ Project
MacDonald Mines Exploration (TSXV:BMK, OTC:MCDMF) has announced a new drilling program at its 100% owned SPJ Project near Sudbury, Ontario, starting January 2025. The program, planned with Canuc Resources , will comprise approximately 800m of drilling targeting gold mineralization lenses at the North Pit of the Scadding Gold Deposit.
The initiative aims to confirm historically reported gold mineralization zones and explore potential extensions at depth. The North Pit zones are being evaluated as potential source material for the Scadding Tailings reprocessing project by Environmental Tailings (ETC), following an agreement announced in November 2022.
This program represents an initial step toward estimating a mineral resource for the North Pit's gold zones. Future exploration will focus on testing the McLaren Fault Zone's potential for iron-rich copper-gold mineralization in the Alwyn area, building on encouraging results from the 2023 drilling program.
MacDonald Mines Exploration (TSXV:BMK, OTC:MCDMF) ha annunciato un nuovo programma di perforazione presso il suo progetto SPJ, di cui detiene il 100%, vicino a Sudbury, Ontario, che inizierà a gennaio 2025. Il programma, pianificato con Canuc Resources, prevede circa 800m di perforazioni mirate a lenti di mineralizzazione aurifera nel North Pit del Deposito Aurifero Scadding.
L'iniziativa mira a confermare le zone di mineralizzazione aurifera storicamente riportate ed esplorare potenziali estensioni in profondità. Le zone del North Pit sono valutate come potenziale materiale sorgente per il progetto di riprocessamento delle scorie Scadding da parte di Environmental Tailings (ETC), in seguito a un accordo annunciato nel novembre 2022.
Questo programma rappresenta un primo passo verso la stima di una risorsa minerale per le zone aurifere del North Pit. Le future esplorazioni si concentreranno sul testare il potenziale della McLaren Fault Zone per la mineralizzazione di rame-oro ricco di ferro nell'area di Alwyn, costruendo su risultati incoraggianti del programma di perforazione del 2023.
MacDonald Mines Exploration (TSXV:BMK, OTC:MCDMF) ha anunciado un nuevo programa de perforación en su proyecto SPJ, del cual posee el 100%, cerca de Sudbury, Ontario, que comenzará en enero de 2025. El programa, planificado con Canuc Resources, comprenderá aproximadamente 800m de perforaciones enfocadas en lentes de mineralización de oro en el North Pit del Depósito de Oro Scadding.
La iniciativa tiene como objetivo confirmar zonas de mineralización aurífera reportadas históricamente y explorar posibles extensiones en profundidad. Las zonas del North Pit se están evaluando como posible material fuente para el proyecto de reprocesamiento de relaves Scadding por parte de Environmental Tailings (ETC), tras un acuerdo anunciado en noviembre de 2022.
Este programa representa un primer paso hacia la estimación de un recurso mineral para las zonas de oro del North Pit. Las futuras exploraciones se centrarán en probar el potencial de la McLaren Fault Zone para la mineralización de cobre-oro rica en hierro en el área de Alwyn, basándose en resultados alentadores del programa de perforación de 2023.
맥도날드 광산 탐사 (TSXV:BMK, OTC:MCDMF)가 온타리오주 서드베리 근처에 위치한 100% 소유의 SPJ 프로젝트에서 2025년 1월에 시작되는 새로운 드릴링 프로그램을 발표했습니다. 카눅 리소스와 협력하여 계획된 이 프로그램은 스캐딩 금광의 노스핏에서 금 광체를 목표로 약 800m의 드릴링을 포함합니다.
이 이니셔티브는 역사적으로 보고된 금 광체를 확인하고 깊이에서의 잠재적 연장을 탐색하는 것을 목표로 하고 있습니다. 노스핏의 지역은 2022년 11월 발표된 계약에 따라 Environmental Tailings (ETC)에 의한 스캐딩 배출 재처리 프로젝트와의 잠재적인 원료로 평가되고 있습니다.
이 프로그램은 노스핏의 금 채굴 지역에 대한 광물 자원 추정의 초기 단계를 나타냅니다. 향후 탐사는 2023년 드릴링 프로그램에서 얻은 긍정적인 결과를 바탕으로 알윈 지역의 철이 풍부한 구리-금 광체에 대한 맥클라렌 단층대의 잠재력을 테스트하는 데 초점을 맞출 것입니다.
MacDonald Mines Exploration (TSXV:BMK, OTC:MCDMF) a annoncé un nouveau programme de forage pour son projet SPJ, dont elle détient 100 %, près de Sudbury, Ontario, qui débutera en janvier 2025. Le programme, prévu en collaboration avec Canuc Resources, comprendra environ 800m de forage ciblant des lentilles de minéralisation aurifère dans la North Pit du gisement aurifère Scadding.
Cet initiative vise à confirmer les zones de minéralisation aurifère rapportées historiquement et à explorer d'éventuelles extensions en profondeur. Les zones de la North Pit sont évaluées comme un potentiel matériau source pour le projet de retraitement des stériles Scadding par Environmental Tailings (ETC), suite à un accord annoncé en novembre 2022.
Ce programme représente une première étape vers l'estimation d'une ressource minérale pour les zones aurifères de la North Pit. Les futures explorations se concentreront sur l'évaluation du potentiel de la McLaren Fault Zone pour la minéralisation de cuivre-or riche en fer dans la région d'Alwyn, s'appuyant sur des résultats encourageants du programme de forage de 2023.
MacDonald Mines Exploration (TSXV:BMK, OTC:MCDMF) hat ein neues Bohrprogramm für sein zu 100 % im Besitz befindliches SPJ-Projekt in der Nähe von Sudbury, Ontario, angekündigt, das im Januar 2025 beginnen soll. Das Programm, das in Zusammenarbeit mit Canuc Resources geplant wurde, umfasst etwa 800 m Bohrungen, die auf goldhaltige Mineralisierungszonen im North Pit des Scadding Gold Deposits abzielen.
Die Initiative zielt darauf ab, historisch berichtete goldhaltige Mineralisierungszonen zu bestätigen und potenzielle Vertiefungen zu erkunden. Die Zonen im North Pit werden als potenzielles Rohmaterial für das Reprocessing-Projekt der Scadding Tailings durch Environmental Tailings (ETC) bewertet, nach einer im November 2022 angekündigten Vereinbarung.
Dieses Programm stellt einen ersten Schritt zur Schätzung einer Mineralressource für die Goldzonen im North Pit dar. Zukünftige Erkundungen werden sich darauf konzentrieren, das Potenzial der McLaren Fault Zone für eisenreiche Kupfer-Gold-Mineralisierung im Alwyn-Gebiet zu testen und auf positiven Ergebnissen des Bohrprogramms 2023 aufzubauen.
- Partnership with Canuc Resources for drilling program
- Potential expansion of known gold mineralization zones
- Progress towards mineral resource estimation
- Integration with existing tailings reprocessing agreement
- No current mineral resource estimates available
- Results dependent on successful drilling outcomes
TORONTO, ON / ACCESSWIRE / January 9, 2025 / MacDonald Mines Exploration Ltd. (TSXV:BMK)(OTC PINK:MCDMF)("MacDonald Mines" or the "Company") is pleased to announce a drilling program that will begin in January 2025 on MacDonald Mines
The 2025 drilling program, planned in collaboration with Canuc Resources Corporation ("Canuc"), consists of approximately 800 m of drilling that will target the lenses of gold mineralization associated with the North Pit of the Scadding Gold Deposit located on the SPJ Project. In December of 2024 Canuc and MacDonald signed a letter of intent (the "LOI") whereby Canuc intends to acquire all of the issued and outstanding shares of MacDonald Mines.
The objective of the drilling program is to confirm the historically reported tenors for the gold mineralization zones of the North Pit area of the Scadding Gold Deposit (see press release of May 31, 2024) and to find extensions to the known zones of gold mineralization at depth.
The mineralized zones of the North Pit are being evaluated as potential source material for the Scadding Tailings reprocessing being undertaken by Environmental Tailings Corporation ("ETC"). An agreement between ETC and MacDonald for the reprocessing and reclamation of the Scadding Tailings was announced on November 15, 2022. This drilling program is intended to mark a first step towards the estimation of a mineral resource for the gold zones of the North Pit of the Scadding Gold Deposit.
Future exploration programs on the SPJ property will be designed to the test the potential of the McLaren Fault Zone to host significant zones of iron-rich copper-gold mineralization affiliated with iron oxide-copper-gold deposits in the Alwyn area. This follows from the encouraging results and the subsequent interpretations of the 2023 drilling program. Contingent on positive results from the drilling program, future exploration will also continue to test the zones of mineralization of the North Pit of the Scadding Gold Deposit in preparation of a mineral resource estimation.
Qualified Person
Jean-François Montreuil, P.Geo., Chief Geologist of MacDonald Mines, is the qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for preparing, supervising, and approving this news release's scientific and technical content.
About MacDonald Mines Exploration Ltd.
MacDonald Mines is a Canadian exploration company focused on exploring for critical and precious metals in a Metasomatic Iron alkali-calcic (MIAC) mineral system on its
To learn more about MacDonald Mines, please visit www.macdonaldmines.com
ON BEHALF OF THE BOARD
"Mike England"
Mike England, CEO & DIRECTOR
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-683-3995 TollFree:1-888-945-4770
E-mail: mike@engcom.ca
Forward-Looking Statements
This news release may contain certain "forward looking statements." Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: MacDonald Mines Exploration Ltd.
View the original press release on accesswire.com
FAQ
What is the size of MacDonald Mines' 2025 drilling program at SPJ Project?
When will MCDMF begin its new drilling program at the SPJ Project?
What is the main objective of MCDMF's 2025 North Pit drilling program?
How does the 2025 drilling program relate to MCDMF's agreement with ETC?
What are MCDMF's future exploration plans for the SPJ property?
