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Be the first with the news that moves the market- MacDonald Mines (TSXV:BMK) has released assays from its recent drilling programs at the SPJ property in Ontario
- The best results came from the second drill hole of spring, which returned 27.2 grams per tonne gold over 5.13 metres
- Other results included 2.3 grams per tonne of gold over 6.04 metres and 2.1 grams per tonne gold over 3.08 metres
- Consequently, the mineralization in the New Zone-Villeneuve Trend has now been traced over 225 metres and remains open both along strike and at depth
- MacDonald Mines (BMK) is down 10 per cent and is trading at C$0.09 per share
MacDonald Mines (TSXV:BMK) has revealed assays from its winter and spring drilling programs at the SPJ property in Ontario.
The remaining results from the winter drill program have now been assayed, along with three holes from the spring program.
The standout result came from the second drill sunk in the spring of this year, which intersected 27.2 grams per tonne gold over 5.13 metres. This constitutes a new discovery of near surface gold on the western extension of the site’s New Zone-Villeneuve Trend.
Results from the final four holes drilled in the spring are still pending.
Two of the three final drills from the winter program returned no significant results, but one drill did hit strike. The latter hole returned 0.9 grams per tonne of gold over 1.5 metres, followed by a second intercept of 0.7 grams per tonne over 2.21 metres.
Another spring drill hole intersected 2.3 grams per tonne of gold over 6.04 metres and 2.1 grams per tonne gold over 3.08 metres, also in the New-Zone Villeneuve Trend.
The company has stated the mineralization in this trend has now been traced over 225 metres and remains open both along strike and at depth.
President and CEO of MacDonald, Quentin Yarie said the near-surface drilling had significantly extended the lateral footprint of mineralization at the site’s Scadding Deposit.
“These latest results show that thick, high-grade mineralization located along the trend of the historic East-West pit, remains open. The development of a correlation of the IP data with the gold assays has proven a powerful tool,” he said.
MacDonald Mines (BMK) is down 10 per cent and is trading at C$0.09 per share at 11:00 pm EDT.
