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MacDonald Mines to Acquire 100% Interest from Downtown Sudbury

Mining News - Published on Wed, 09 Oct 2019

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MacDonald Mines Exploration Ltd announced that is has purchased 100% interest in 38 claims, located 35 kilometres from downtown Sudbury, Ontario. The new claims add to MacDonald’s large SPJ Property package and cover prospective extensions of the potential Iron-Oxide-Copper-Gold system identified at the Scadding Mine. The Scadding Mine produced 914 kilograms of gold from 127,000 tonnes of mineralized material 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.

MacDonald Mines’ exploration work to date on the SPJ Project supports a gold-rich IOCG model for the Scadding Deposit. The objective of the Company’s current 2,000-metres drill program at Scadding is to confirm and expand the high-grade gold zones of the deposit. To date, one of six holes drilled in the deposit’s North Zone have been reported. Results indicate that the deposit is made up of thick and stacked zones of high-grade gold mineralization.

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Posted By : Rabi Wangkhem on Wed, 09 Oct 2019
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