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MacDonald Mines Expands its SPJ IOCG Property in Ontario

Mining News - Published on Thu, 18 Jul 2019

Image Source: MacDonald Mines
MacDonald Mines Exploration Ltd announced the expansion of its SPJ Property located near Sudbury, Ontario. The Company has staked 14 claims and purchased an additional 130 claims. All the new claims are contiguous to MacDonald's property and cover prospective extensions of the potential IOCG system identified at the Scadding Mine. The Scadding Mine produced 914 kilogram of gold from 127,000 tonnes of ore grading 7.2 gram per tonne and the large land package surrounding the mine has also yielded multiple discovery areas to explore - including significant showings of copper, cobalt, nickel and silver in addition to high-grade gold.

Mr Quentin Yarie, MacDonald's President and CEO, said that "We continue to pursue opportunities to expand our land position around our SPJ property. The new claims are covering strategic extensions of the prospective IOCG system that related to the formation of the historic Scadding Deposit. As we develop the Scadding Deposit; we will continue to review opportunities to grow our land position in this potential IOCG district.”

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Posted By : Sanju Moirangthem on Thu, 18 Jul 2019
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