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Feature article March 29, 2017:

 

MacDonald Mines advancing Gold laden zones toward cash flow, and highly prospective for new discovery next to multi-million oz miners

  • BMK.V Prepares for 2017 Bulk Sampling Program at its Wawa-Holdsworth Gold-Silver Project.

MacDonald Mines

Exploration Ltd.

(TSX-V: BMK) (OTC: MCDMF) (Frankfurt: 3M72)

Share data, Capitalization, & Corporate info

 Shares Outstanding:  59,638,874

 Fully Diluted:  ~77M (most warrants @ 10 cents)

 Recently Traded: ~CDN$0.17/share (TSX-V: BMK)

 52 Week High/Low: $0.20 / 0.05

 Current Market Capitalization: ~$10.13 million Canadian

 Corporate Website: www.macdonaldmines.com

 

The share price of MacDonald Mines is a coiled spring, the Company is advancing its Wawa-Holdsworth Gold Project, prime ground located between two multi-million ounce gold deposits in the Abitibi Gold Province of Ontario;

  • Wawa-Holdsworth Project is neighbor to Argonaut's >6Moz Au Magino deposit, & Richmont's >1Moz Au Island Gold Mine.

  • A 500m-wide deformation zone of Wawa-Holdsworth hosts gold in various styles of mineralization.

  • Gold-bearing oxide sand zones now being quantified offer a potentially quick road to production (e.g. 3.45 g/t gold and 29.99 g/t silver ave. grade from a composite of 23 panels).

  • Lode Gold in traditional quartz veins; Soocana Vein System (e.g.* 16 g/t over 4.3 m, 6.9 g/t over 15.8 m).

 

   

Valuation Commentary: Macdonald Mines Exploration Ltd. (TSX-V: BMK) (US Listing: MCDMF) (Frankfurt: 3M72) Wawa-Holdsworth Gold Project is located 25 km NE of Wawa Ontario, Canada, uniquely positioned proximal Argonaut's >6Moz Au Magino deposit property, and Richmont's >1Moz Au Island Gold Mine, along an underexplored extension of the prolific Michipicoten Greenstone Belt. The risk-reward characteristics are highly advantageous for investors establishing a long position in BMK.V as the current market cap (~$10.13M Canadian, trading at 17 cents/share) relative to the inherent value of MacDonald Mines' Wawa-Holdsworth Gold Property appears disproportionate; near-term share price catalysts exist as the Company is aggressively exploring to build on known gold values and leverage its exploration teams expertise and experience in the Wawa district gold camp.

 

 

Fig. 1 Location Map of MacDonald Mines' Wawa-Holdsworth Gold Project - Within a few km of impressive gold deposits of miners whose deposits keep growing, and mills. There is road access to the property, it is close to power, rail, and a stable workforce, in a mining-friendly region.

Fig. 2 (below) Black Sands of Wawa-Holdsworth Property

  

Oxide Sand Zones offer a quick pathway to cash flow:

 

Voluminous gold-bearing oxide sand (black sand) zones near surface have demonstrated potential for an immediate pathway to production/cash flow; e.g. 3.45 g/t gold and 29.99 g/t silver average grade from a composite of 23 panels, with preliminary metallurgical testing resulting in between 69% and 98.7% gold recoveries (without even crushing). The exploration team is now undertaking a program of mapping and quantifying these zones which were previously not mapped well and historically ignored for gold but characterized in the early-1900's as one of the best massive sulphide deposits in the country. There is the possibility of a 2.2 km strike length of gold laden Oxide Sands Zones over the auriferous iron formation (which acted as a trap for gold circulating in the system).

 

Oxide Sands can be treated like aggregate. Visible in the images of black oxide sands (seen to the right) taken from the property is gold and some course grain quartz (which likely also contain gold). The oxide sand zones appear amenable to MacDonald Mines simply obtaining a permit for mining aggregate; backhoe the material, then crush and ball mill the material (to maximize recoveries), and transport the floured material to one of the several mills located within a few kilometers of the property. Works programs underway this winter and spring 2017 are geared towards affirming a voluminous and robust understanding of these Oxide Sands Zones -- the potential for a 6-bagger in share price appreciation from current price levels appears in order if exploration findings/results affirm what is suspected.

 

Bulk sampling/trenching on Oxide Sands to commence Spring 2017:
In 2002, the Oxide Sands were sampled over 332.5 metres along strike. They were reported to reach a depth of at least 8 metres and contained an average gold grade of 3.45 g/t and an average silver grade of 29.99 g/t. The objective of MacDonald's trenching program is to confirm the Oxide Sands' strike length and thickness and to undertake a systematic sampling of the mineralized horizon over the total strike length.

 

Excerpt of MacDonald Mines March 21, 2017 release regarding bulk sampling:

 

MacDonald Mines Prepares for 2017 Bulk Sampling Program at its Wawa-Holdsworth Project

 

TORONTO, ONTARIO--(Marketwired - March 21, 2017) - MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) ("MacDonald Mines" or the "Company") announces that it is initiating a bulk sampling program of the oxide sands at its Wawa-Holdsworth Project. The Company also announces that, following consultations with Ontario's Ministry of Natural Resources and Ministry of Northern Development and Mines ("MNDM"), neither aggregate licencing nor bulk sampling permissions will be required for the potential extraction of the oxide sands on the Wawa-Holdsworth Project.

 
The Wawa-Holdsworth property is comprised of fee simple absolute patents carrying both mineral and surface rights which make them exempt from MNDM exploration plan and permit requirements. The property is also located in an area which is currently not subject to designated licensing requirements under the Aggregate Resources Act. This will help to expedite preparation for potential extraction as the Company now drafts a closure plan.

 
About the Oxide Sands

 
The Holdsworth Pyrite prospect is a gold and silver bearing, black colored, "oxidized cap" ("oxide sands") that overlies a massive pyrite zone. The five confirmed zones (the 'East', 'East Extension', 'East Offset', 'West' and 'West Offset') have a combined strike length in excess of 2,200 metres (Algoma Steel Corp. and the Grasseli Chemical Co.). The actual width of the underlying pyrite zone has a range of 2 to 10 metres. In several test locations, the oxide sands were reported to reach a depth of over 8 metres.

 
The oxide sands are one of the main gold targets on the property. MacDonald Mines' current trenching program is mapping and confirming the oxide sands' strike length and thickness. The Company is also conducting a systematic sampling of the oxide sands over its total strike length. During the 1988 exploration program, sampling from the red, yellow and grey soil above the oxide sands was found to contain elevated gold values, ranging from trace to 0.206 oz/ton, gold. This surface material will also assist in delineating the extent of the oxide sands.

 
Potential Extraction of the Oxide Sands

 
The soft and relatively unconsolidated oxide sands material can be easily excavated with a backhoe and appears to be amenable to being extracted like an aggregate. The area's shallow overburden, the proximity to labour and equipment and the easy access to the site should result in very inexpensive mining costs should the Company delineate a large enough deposit. A sampling program of the oxide sands conducted in 2002 produced an average grade of 4.03 g/t gold and 30.89 g/t silver. Preliminary mill testing by normal vat leach processing without crushing or other processing resulted in a 94 % gold recovery (Seymour M. Sears, P. Geo., 2002).

...click here for full copy from source

  

Fig. 3 (below) Wawa-Holdsworth Gold Zones -Three styles of gold mineralization exist on the original 285 hectares Wawa-Holdsworth project (the Company has since added 84 claims of similar ground nearby), all part of the same gold system within the 500 metre-wide deformation corridor:

 

"*" in the image above signifies non NI 43-101 compliant values for the Soocana Vein.

 

The three gold mineralization styles on the property (and shown in the claims map above) are:

  1. An oxidized cap at surface developed over a massive pyrite zone (Algoma Iron Formation) -- "The Oxide Sands",

  2. The precursor to the Oxide Sands - a massive pyrite zone (Algoma Iron Formation) at depths -- "The Massive Sulphide", and

  3. Lode Gold in traditional quartz veins -- "The Soocana Vein".

 

Fig. 4 (above) Wawa-Holdsworth Gold & Silver Project Oxide Sands Zone Test Pit - Best composite samples; 5.95 g/t gold + 47.09 g/t silver in a 31x4.7x3.35m bloc, and 5.94 g/t gold+ 50.14 g/t silver in a 10x3.5x3.74m bloc.

 

Large near-term exploration upside potential - Oxide Sands, BIF, and Load Gold Vein

 

The exploration team has learned from other projects in the area that the alteration system associated in this land package is very large, something that people historically either didn't recognize, or know about, or chose to ignore, instead they would focus on the quartz veins. Banded Iron Formations (BIF) are hosted on the property, similar to other formations that were historically mined near Wawa. We know that when you put these type of rocks in an environment where gold bearing fluids are circulating they form very good traps for gold, and we know that BIF on this property are mineralized because the Oxide Sands are derived from the weathering of those banded formations. Additionally, localized drilling and samples in BIF have shown them to be gold bearing, historic samples were upwards of ~0.3 ounces/t.

 

Lode Gold in traditional quartz veins -- "The Soocana Vein": Almost all the historic drilling and work done for gold on the property was concentrated into a 700 m strike length associated with this 'Soocana' vein with very little efforts put into other gold plays on the property, apart from the Oxide Sands. The Soocana vein system is a shear zone with stacked auriferous quartz veins. A poor understanding of the shear system geometry by previous operators is obvious as drilling occurred in every direction with un-systematic sampling practice. Noteworthy historic (non NI 43-101 compliant) drilling intersections include 16g/t gold over 4.3 m, and 6.9 g/t gold over 15.8m and demonstrates the potential.

 

Figure 5 (below) Surface Mining Plan of Soocana Vein from November 15, 1933 - From the then Soocana Mining Company. There were plans at one point to exploit the robust gold and silver values of the vein. At the time, the Soocana Mining Company Limited calculated a gold resource (historical non NI43-101) of 54,000 tons of material grading 0.556 oz/t (19.06 g/t), however the Soocana Vein was never meaningfully mined in any way, only a small pit scratched the surface in one spot from earlier on.

Fig. 6. (above) Soocana Vein

 

  

On February 28, 2017 MacDonald Mines announced that it has begun a core sampling program at its Wawa-Holdsworth Project. The Company has begun a systematic analysis of core from the 2008 Drill Program. It is developing a database of the lithological and geochemical signatures associated with high grade gold assays by utilizing XRF, magnetic susceptibility and SWIR measurements. Initial observations found that the highest grades of gold are associated with deformed quartz-iron-carbonate veins, with additional sericite, chlorite and tourmaline alteration, hosted in mafic metavolcanic rocks. These veins locally contain visible gold, accompanied by chalcopyrite, galena and pyrite mineralization. The Company will be assaying any previously un-sampled prospective zones, particularly those containing significant shearing and quartz-iron-carbonate veining, and re-sampling any significant quartz veins and analyzing them using metallic screening. Highlights from the 2008 Drill Program include:

28.35 g/t gold over 1.07 m
17.9 g/t gold over 0.54 m
13.5 g/t gold over 0.66 m
4.07 g/t gold over 0.95 m
4.03 g/t gold over 0.90 m

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Proven exploration team that understands area geology: One of the most effective investment techniques for generating superior returns in exploration mining stocks is to follow quality/proven people to new ventures. The advisory and exploration team for MacDonald Mines has enjoyed exploration success in the Wawa gold camp (e.g. another mining Company just raised ~$6M off the success of their exploration efforts on a neighboring property). For example, Dr. Jean-Philippe Desrochers ,Ph.D., P.Geo., is part of the MacDonald advisory/exploration team (Dr. Desroches is also currently the QP for Osisko) -- he was Vice-President of Exploration at the Windfall Lake Gold Project (now owned by Osisko Mining) in its early days from 2005 to 2010 (then Murgor), and became Eagle Hill's Chief Geologist in 2010 before becoming Vice-President Exploration for Eagle Hill in 2013. Under his watch from 2005 - 2013 he took the Windfall gold project from conceptual to advanced stage with impressive resource that resulted in the Osisko buy-out. The advisory and exploration team of MacDonald Mines is looking to replicate that type of success here on the Wawa-Holdworth property now and believe their success in the area and intimate understanding of the geology provides a level of insight and expertise that was never previously afforded this prime land package.

 

Plans - Winter-Spring-2017 works program:

 

There are many gold structures that are present on the property and the exploration team knows that the structures control the gold so the first order of business is to get a handle on them with geophysics this winter and map them all. The exploration team will pick targets, do trenching to test the Oxide Sands, expose structures, and perform channel sampling. The goal will be twofold; 1) lead to drilling load-hosted/shear-hosted structures highly prospective for significant discovery, and 2) to quantify the potential of the gold laden Oxide Sands for a short-term path to production which could finance the Company in exploration (non-dilutively) going forward and reward shareholders establishing a long position now.

 

The Company is topped up, and able to meet near-term exploration objectives. The area is hot, area miners keep growing their deposits, and the property has already yielded exceptional grades in different mineralization styles -- showing the potential of what we can expect in what is shaping up to be one of the most exciting exploration plays in North America this 2017.

  

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Below is expanded insight on MacDonald Mines Exploration Ltd. and its Wawa-Holdsworth gold & silver property.

 

     Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer

  

 

Recent news releases regarding Company accomplishments and operational developments:

  

• March 21, 2017 "MacDonald Mines Prepares for 2017 Bulk Sampling Program at its Wawa-Holdsworth Project".

 

• March 8, 2017 "MacDonald Mines Introduces Technical Advisory Committee and Contractor for Oxide Sands Trenching Program".

 

• March 6, 2017 "MacDonald Mines Introduces Nominees for Election to Board of Directors at Upcoming AGM".

 

• February 28, 2017 "MacDonald Mines Adds Land Position in Wawa and Provides Update on Wawa-Holdsworth Gold District Project".

 

• February 23, 2017 "MacDonald Mines Provides Update on Exploration Programs of Both Holdsworth and Charlevoix: Composite Samples Up to 99.39% High Purity Silica From Charlevoix".

 

• February 17, 2017 "MacDonald Mines Announces Shares for Debt Transaction".

 

• January 20, 2017 "MacDonald Mines Closes Third Tranche of Non-Brokered Private Placement".

 

• January 13, 2017 "Macdonald Mines Issues Shares in Connection with Charlevoix and Holdsworth Property Acquisitions".

 

• January 5, 2017 "Macdonald Mines Begins Exploration at its Charlevoix Silica Property". 

 

• January 3, 2017 ""MacDonald Mines Closes Initial Tranches of Non-Brokered Private Placement".

 

• December 21, 2016 "Macdonald Mines Files 43-101 Technical Report for its Wawa Holdsworth Project".

 

• December 19, 2016 "Macdonald Mines Announces $1,000,000 Non-Brokered Private Placement Financing".

 

• December 13, 2016 "Macdonald Mines Discovers a New Gold Bearing Shear Zone at the Wawa-Holdsworth Project - Grab Sample Contains 5.36 g/t Gold".

 

• December 8, 2016 "Macdonald Mines Announces Joint Venture Agreement".

 

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Wawa-Holdsworth Project

 

Ownership: MacDonald Mines has a 75% interest to earn via option in the Wawa-Holdsworth project.

 

Location, Region, and Infrastructure

 

MacDonald Mines Exploration Ltd.'s Wawa-Holdsworth Project is located in a stable mining-friendly jurisdiction of Ontario, along the Michipicoten Greenstone Belt -- host to an impressive array of neighboring deposits, and past and present producers.

 

Figure 7. (above) Location Map.

 

  Blue claims

  • 25 kilometres NE of Wawa, ON, in Corbiere and Esquega Townships.

  • 285 hectares.

  • 18 fee simple absolute patented claims that include surface and mining rights.

  • Close to vital infrastructure (rail, road, power, qualified workforce).

  • Easily accessed by public road and short trail ride.

  • There are no known environmental liabilities on this property.

Red claims:

  • 84 hectares.

 

Figure 8. (right) Claims Map.

 

 

Figure 9. (above) Regional geology map and inset section of regional magnetics. Within the Michipicoten Greenstone Belt, an under-explored sector of the Abitibi Gold Province with favourable regional geology for gold mineralization. Recent exploration by Richmont (>1Moz Au) Island Gold Mine, Argonaut (>6Moz Au) Magino Gold Mine, and others confirmed the potential for a multi-million ounce gold deposits.

 

Wawa-Holdsworth Gold Zones

 

Three styles of gold mineralization on the Wawa-Holdsworthproject -all part of the same gold system within the 500 metre-wide deformation corridor.

  1. Greenstone-hosted quartz-carbonate vein deposit (Soocana Vein System);

  2. BIF-hosted gold deposits (gold-bearing pyrite zones in an Algoma-type iron formation);

  3. Gold-bearing Oxide Sands developed from the weathering of the auriferous Pyrite Zones.

Most of the property outside the Soocana Vein and the center of the defined Oxide Sands Zones remain under-explored

 

Fig. 10 (right) Gold Zones

 

BIF-hosted gold mineralization (gold-bearing pyrite zones in an Algoma-type iron formation) was the earliest discovery on the property.

  • It was sparsely drilled for gold (7 exploration holes, un-systematic sampling).

  • Into a shear zone with penetrative deformation and strong alteration.

  • Gold mineralization inside pyrite, but also in sheared zones above and below sulfide horizons.

  • Prospective strike length of 2.2 km – Oxide Sands are derived from the BIF formation.

Fig. 11 (right) Auriferous and Pyrite-rich Algoma-type Iron Formation

 

Oxide Sands Zones are mapped over a 610 metres strike-length.

 
Of that, detailed sampling of panels sampled was done over a 332 metres strike length whereas the remaining zones were poorly defined and not systematically sampled.

 
Possible extensions over the entirety of the 2.2 km strike length of the auriferous and pyritic iron formation.

 
These extensions of the Oxide Sands remain to be proven and defined.

 

Fig. 12 (right) Oxide Sands shown in yellow.

 

  

Fig. 13 (above) Oxide Sands

 

The Oxide Sands are one of the main gold targets on the property. Gold mineralization occurs in black sands composed of fine quartz, non-magnetic iron oxides (likely oxidized pyrite) and free gold. The Oxide Sands are interpreted to be derived from the weathering of an auriferous and pyritized Algoma-type iron formation. The pyritized iron formation is, so far, traced on the property over a 2 km-long strike length.

 

In 2002, a detailed and systematic sampling of the Oxide Sands was conducted over a strike length of 332.5 metres (Blocks A and B). The mineralized sands reached a depth of at least 8 metres and contained an average gold grade of 3.45 g/t and an average silver grade of 29.99 g/t.

 

Results from the 2002 Sampling Program:

 

BLOCK A

 

Block #

Length
(m)

Average Width
(m)

Average Depth
(m)

Gold Grade
(g/t)

Silver Grade
(g/t)

A-1

30.0

6.9

4.65

4.92

25.22

A-2

13.5

5.3

3.00

5.76

42.65

A-3

31.0

4.7

3.35

5.95

47.09

A-4

10.0

3.5

3.74

5.94

50.78

A-5

24.0

2.9

3.66

5.10

50.14

A-6

8.0

5.3

5.49

2.99

36.01

A-7

11.5

7.5

5.03

1.74

21.29

A-8

20.0

6.3

3.65

0.85

9.91

 

BLOCK B

 

 

 

 

 

B-1

21.0

6.4

1.92

1.17

17.43

B-2

53.0

3.8

1.14

1.20

17.94

B-3

17.5

2.8

1.60

3.04

44.06

B-4

17.5

5.5

3.20

3.88

50.56

B-5

10.0

5.5

3.20

3.51

41.28

B-6

45.5

3.6

2.28

1.84

16.83

B-7

20.0

3.0

1.83

1.54

18.60

 

 

Fig. 14 (above) Oxide Sands - A total of 340kg of material from the Black Sands Zones was sent to SGS Lakefield for metallurgical testing in 2009. Preliminary metallurgical testing of the oxide sands resulted in gold recoveries between 69% and 98.7% via 48 hours agitated cyanidation without crushing.

 

Load-Gold, Greenstone-hosted quartz-carbonate vein deposit (Soocana Vein System)

 

Soocana vein system – Shear zone with stacked auriferous quartz veins
 

Except for the Oxide Sands, almost all the historic drilling and work done for gold on that property was concentrated into a 700 metres strike length associated with this vein with very little efforts put on the others gold plays of the property.

 
 

 
Overall the property remains underexplored.

 

Fig. 15 (right) Soocana Vein shown in red.

 

Between 1931 and 1933, the Soocana Mining Company Limited drilled 6 diamond drill holes on the Holdsworth Property for approximately 525 metres for gold with the following results. 
 

Holdsworth Property Soocana Vein - 1931 Drill Results

Hole # 1

10' @ 0.4 oz Au/ton
4' @ 0.61 oz Au/ton

Average Grade

16.0 g/t Au/4.3m 

Hole # 2

14' @ 0.38 oz Au/ton
2' @ 0.12 oz Au/ton

Average Grade

11.9 g/t Au/4.9m

Hole # 3

6' @ 0.36 oz Au/ton
5' @ 0.56 oz Au/ton

Average Grade

15.5 g/t Au/3.4m

 

5' @ 0.33 oz Au/ton
6' @ 0.60 oz Au/ton

Average Grade

16.4 g/t Au/3.4m

Hole # 4

3' @ 0.30 oz Au/ton
5' @ 0.46 oz Au/ton

Average Grade

13.7 g/t Au/2.4m 

Hole # 5

6' @ 0.63 oz Au/ton
3' @ 0.21 oz Au/ton             
3.5' @ 0.06 oz Au/ton

Average Grade

12.7 g/t Au/3.8m 

 

4' @ 0.62 oz Au/ton
10' @ 0.01 oz Au/ton

Average Grade

6.3 g/t Au/4.3m

Hole # 6

10'@ 0.21 oz Au/ton
10'@ 0.12 oz Au/ton
4' @ 0.01 oz Au/ton

Average Grade

4.8 g/t Au/7.3m

 

7' @ 0.16 oz Au/ton
7'@ 0.71 oz Au/ton
10'@ 0.06 oz Au/ton
10' @ 0.04 oz Au/ton
4'@ 0.68 oz Au/ton
9'@ 0.06 oz Au/ton
5' @ 0.04 oz Au/ton

Average Grade

6.9 g/t Au/15.8m 


The Soocana Mining Company Limited calculated a gold resource of 54,000 tons of material grading 0.556 oz/t (19.06 g/t).*

*The above estimate of resources and assay values are historical and are non-NI 43-101compliant.
  

2009 drilling on Soocana Vein system

The following are highlights of the results from Hawk's 34-hole drill program in 2009:

 

 

Fig. 16 (above) Drill core storage.

 

 

Fig. 17 (above) Soocana quartz vein.

Hole #    

Sample
#

Depth
(m)

Interval
(m)

Au
(g/t)

Ag
(ppm)


HW 8-05

231215

31-87-32-37

0.50

0.59

0.2

HW 8-06

231509

41.24 -- 41.54

0.30

2.93

0.9

HW 8-07

231346

156.0 -- 157.0

1.0

0.58

0.3

 

231347

157.0 -- 158.0

1.0

0.57

0.8

HW 8-09

231462

19.84 -- 20.26

0.42

1.01

0.5

HW 8-11

245006

6.74 -- 7.40

0.66

(13.5)*

4.6

 

245033

31.0 -- 32.0

1.0

0.48

0.2

               

245034

32.0 -- 33.0

1.0

0.95

0.2

HW 8-13

231664

18.53 -- 19.10

0.57

(22.4)*

10.1

 

231665

19.10 -- 19.60

0.50

(35.2)*

7.0

 

231704

60.60 -- 61.27

0.67

0.60

0.9

 

231705

61.27 -- 61.75

0.48

0.92

0.5

HW 8-14

263403

27.50 -- 28.19

0.69

2.74

0.4

 

263405

28.70 -- 29.20

0.50

0.75

0.3

 

263406

29.20 -- 29.70

0.50

0.96

0.5

 

263407

29.70 -- 30.10

0.40

2.40

0.8

HW 8-20

245330

10.0 -- 10.48

0.48

0.51

0.3

HW 8-21

245433

32.46 -- 33.00

0.54

0.56

<0.2

 

245434

33.00 -- 33.59

0.59

3.67 (4.49)*

0.6

 

245435

33.59 -- 33.90

0.31

3.28 (3.19)*

1.9

 

245437

34.69 -- 35.33

0.64

1.30

<0.2

 

245477

103.32- 104.00

0.68

0.61

0.3

HW 8-25

263137

93.40 -- 93.95

0.55

6.42 (6.25)*

2.8

HW 8-27

263171

120.21- 120.66

0.45

2.4

0.2

HW 8-29

263195

108.00- 108.56

0.56

1.05

1.9

HW 8-30

245970

15.0 -- 15.51

0.51

(4.65)

0.7

 

245971

15.51 -- 15.95

0.44

(3.41)

0.7

HW 8-31

263225

17.47 -- 18.00

0.53

1.8

3.7

 

263247

125.35- 125.92

0.57

5.74 (4.38)*

0.3

HW 8-33

263301

89.46 -- 90.00

0.54

17.7 (17.9)*

5.3


*Bracketed values are Metallic Sieve Au analysis and check results using Metallic Sieve analysis. 

 

Highlights from the 2008 Drill Program include:

 

28.35 g/t gold over 1.07 m
17.9 g/t gold over 0.54 m
13.5 g/t gold over 0.66 m
4.07 g/t gold over 0.95 m
4.03 g/t gold over 0.90 m

 

The property is highly prospective for new discovery.

 

 

Fig. 18 (above) Golden Goose Shear Zone - This discovery occurred as a result of MacDonald Mines exploration team simply prospect-walking the property after acquisition in Q4-2016, found next to the old railway bed in what seems to be a large shear zone formed near the contact between the volcanic sequence and the granitic intrusion.

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MacDonald Mines' Technical Leadership, Management, and Governance  Skip to top

The current management team and board of directors has a well rounded combination of people that each contribute expertise in disciplines necessary for a successful mining entity:

 

Quentin Yarie, President, CEO, Director

Mr. Yarie is an experienced geophysicist and an entrepreneur with over 20 years of experience in the mining and environmental/engineering sectors. Mr. Yarie has project management and business development experience and has held positions of increasing responsibility with a number of Canadian-based geophysical service providers. He was previously the business development officer of Geotech Limited, an Ontario corporation and a senior representative of sales and business development for Aeroquest Limited. Mr. Yarie is also President and Chief Operating Officer of Red Pine Exploration Inc., and Honey Badger Exploration Inc. He has been a director of MacDonald Mines since February 2011.

  

Craig Scherba, Vice President of Exploration

Mr. Scherba has over 20 years of mineral exploration experience both in Canada and abroad. Mr. Scherba was an integral member of the exploration team that developed Nevsun Resources’ high grade gold, copper and zinc Bisha Project in Eritrea and lead the exploration team that discovered Energizer Resource’s world-class Molo Graphite Project in Madagascar. Mr. Scherba serves as President and CEO of Energizer Resources and is the Vice President, Exploration of Red Pine Exploration Inc. and Honey Badger Exploration Inc.

  

Conrad Dix, Senior Project Manager

Mr. Dix has over 20 years of international mineral exploration experience – from grassroots to discovery, production and resource expansion including geology and geophysics. Mr. Dix is involved in the discovery and resource generation of Glencore’s Raglan Mine.

 

John Sanderson Q.C., Chairman, Director

John Sanderson, Q.C., C.Med., C.Arb, is a mediator, arbitrator, consultant and lawyer called to the Bar in Ontario and British Columbia. Mr. Sanderson has acted as mediator, facilitator and arbitrator across Canada in a wide variety of disputes including environmental, inter-governmental, employment matters and in relation to aboriginal claims. Representative parties have ranged from trade unions to the Federal Government, major banks and financial institutions, construction companies, and resource industries. Mr. Sanderson has been a Director of MacDonald Mines since February 2001.

  

Hadyn Butler B.Sc., P.Geo., P.Eng., Director, Technical Advisor

Mr. Butler is a Professional Geoscientist and a practicing member of the Association of Professional Geoscientists of Ontario. Mr. Butler had 30 years consulting experience with INCO and has enjoyed substantial success in mineral exploration. He has over 40 years of geological experience. He has been a Director of MacDonald Mines Exploration Ltd., since August 14, 2003 and a member of its Technical Advisory Committee since February 2011. He served as Director of Uranium Star Corp. (Formerly Yukon Resources Corp.) from December 22, 2006 to January 2, 2009. He graduated with a degree in geology in 1974 (Bachelor of Science, with First Class Honours and University Medal) at the University of New England, Armidale, New South Wales, Australia.

  

James Franklin Ph.D, FRSC, P.Geo, Technical Advisor

James Franklin, PhD, FRSC, P.Geo has over 40 years of extensive geological knowledge and expertise of mineral deposits and regional metallogeny. He serves as a Fellow of the Royal Society of Canada, was past President of both the Geological Association of Canada and the Society of Economic Geologists, has served as Chief Geoscientist of Earth Sciences Sector for the GSC, and is an Adjunct Professor at Queen’s, Laurentian and Ottawa university.

 

Larry Hulbert Ph.D, P.Geo, Technical Advisor

Larry Hulbert, Ph.D, D.Sc., P. Geo has over 38 years of experience and spent 23 years as a Senior Research Scientist with the Geological Survey of Canada (GSC). He specialized in the Metallogeny of Mafic-Ultramafic Rocks and associated Ni-Cu-PGE mineralization.

 

Mackenzie Watson, B.Sc., P.Geol., P.Eng., Technical Advisor

Mr. Mackenzie (Mac) Watson, has over 50 years experience in the exploration, development, and mining industry, and has been involved in the discovery of numerous mineral deposits in Canada. He is currently Honorary Chairman of the Board of Directors of Quest Rare Minerals. Mr. Watson spent his career in the junior mining sector, as CEO of Lynx Canada Exploration from l969 to 1985, and CEO of Freewest Resources from 1985 until 20l0 when it was taken over by Cliffs Natural Resources. Mr. Watson was awarded Canada's Prospector of the Year Award in 1991 for his contribution to the discovery of the Harker Holloway gold mine (Ontario), the Icon-Sullivan copper mine (Quebec), the Long Lake zinc mine (Ontario), the Ellison gold deposit (Quebec) and the Hebecourt copper deposit (Quebec); and again in 2010 for his contributions to the mineral discoveries in the Ring of Fire area of Northern Ontario. He was also awarded the Quebec Prospector of the Year Award in 1992 for his participation in the discovery of the Pusticamica and Verneuil gold deposits in Quebec. In January 2015, Mr. Watson was inducted into the Canadian Mining Hall of Fame.

 

Jean-Philippe Desrochers Ph.D., P.Geo., Technical Advisor

Mr. Jean-Philippe Desrochers, has over twenty years of experience in the mineral exploration industry in Canada, Central and South America. Dr. Desrochers has been involved with intermediate and junior mining companies with exploration projects ranging from grass-roots to mine-scale. He was Vice-President of Exploration at the Windfall Lake Gold Project for Murgor Resources Inc. from 2005 to 2010, and joined Eagle Hill as Chief Geologist in 2010 before becoming Vice-President Exploration for Eagle Hill in 2013. Past experience also includes senior positions with Aur Resources and SRK Consulting. Dr. Desrochers specializes in the field of structural geology applied to ore deposits in the search for Archean lode gold, volcanogenic massive sulphides, porphyry copper, skarn, and epithermal gold deposits.

 

Note: This article is not intended to be a complete overview of MacDonald Mines Exploration Ltd. or a complete listing of MacDonald Mines' projects. Mining MarketWatch urges the reader to contact the subject company and has identified the following sources for information:

 

For more information contact MacDonald Mines Exploration's head office at: Ph (416).364.4986

 

Company's web site: www.macdonaldmines.com   SEDAR Filings: URL

 

 

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