MacDonald Mines Exploration Ltd.
TSXV:BMK
High-Grade Gold Deposit in an Emerging Polymetallic District
High-Grade Gold Deposit in an Emerging Polymetallic District
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.
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â