- MacDonald Mines Exploration (BMK) has received promising results from ongoing drilling work at its SPJ property in southern Ontario
- The company is currently engaged in a 14,000-metre program, targeting various extensions of the Scadding Deposit
- Some of the most significant results include 17.06 metres at 3.9 grams per tonne and 10.29 metres at 4.75 grams per tonne of gold
- This suggests that the Bristol/Monaco deformation zone to the south represents the most viable option to expand the Scadding Deposit
- MacDonald Mines Exploration is currently down 15.79 per cent to C$0.08 per share
MacDonald Mines Exploration (BMK) has received promising results from ongoing drilling work at its SPJ property in southern Ontario.
Located 20 kilometres east of Sudbury, the wholly owned 18,340-hectare SPJ gold property hosts the past-producing Scadding Gold Mine, which previously generated 914 kilograms of gold from 127,000 tonnes of material grading 7.2 grams per tonne of gold.
The company has so far drilled 7,000 metres of a larger 14,000-metre program, which is focused on further defining the geometry of the Scadding Deposit with its recently identified zones and extensions.
Some of the most significant results received to date include 17.06 metres at 3.9 grams per tonne of gold from hole SD-20-062, and 10.29 metres at 4.75 grams per tonne of gold from hole SD-20-063.
Both of these holes were completed on the southernmost extension of the Scadding Deposit – the Bristol/Monaco corridor – which extends over a strike length of 400 metres between the North and South pits.
“As we continue our 2020 drilling program, these latest results indicate that the Bristol/Monaco deformation zone forms the most favourable geological target to expand the Scadding Deposit,” said Quentin Yarie, President and CEO of MacDonald Mines Exploration.
“We have now uncovered several new areas and drill targets for potential high-grade gold mineralisation in this zone,” he added.
MacDonald Mines’ drilling focus for the rest of the year will now be on the large exploration gaps that exist between the Scadding underground mine and both the North Pit and South Pit areas.
MacDonald Mines Exploration is currently down 15.79 per cent to C$0.08 per share at 1:36pm EST.