MacDonald Mines Exploration Ltd. (TSXV:BMK) is a mineral exploration company focused on gold exploration in Canada. The company retains 100 percent ownership of the 18,340-hectare SPJ Project near the mining-friendly jurisdiction of Sudbury, Ontario. The property is accessible year-round and is close to key infrastructure such as rail, road, power and a skilled workforce.
The SPJ Project hosts the past-producing Scadding mine, which reportedly produced 29,000 oz of gold from 144,000 tons of mineralized material grading 7.43 g/t gold during the 1980s. MacDonald Mines has confirmed the presence of battery and precious metal mineralization affiliated with iron oxide-copper-gold (IOCG) systems at the Scadding deposit and on the large land package. IOCG systems are regional hydrothermal systems that can form an extremely large suite of base, precious and battery metal deposits. MacDonald Mines Chief Geologist Dr. Jean-Francois Montreuil is leading the company towards understanding the type of structures that control mineralization on the property, and is currently building a predictive model for targeted exploration on the SPJ Project.
MacDonald Mines’ Company Highlights
- MacDonald Mines owns 100 percent of a substantial land package in a mining-friendly jurisdiction near Sudbury, Ontario.
- The SPJ Project is close to key infrastructure such as rail, road, power, a skilled workforce, and is accessible year-round.
- The past-producing Scadding mine reportedly produced 29,000 oz of gold from 144,000 tons of mineralized material grading 7.43 g/t gold during the 1980s.
- Evidence of IOCG-type mineralization – multiple polymetallic (Au, Cu, Ni, Co & Ag) showings on property
- Ongoing exploration is focused on connecting the polymetallic centres of mineralization throughout the property
- Eric Sprott made a C$1.5 million investment into MacDonald Mines in 2019.