MacDonald Mines Exploration Ltd. (TSXV:BMK)

Mining

MacDonald Mines Exploration Ltd operates as a resource development company.

The Toronto-based firm is engaged in the development, acquisition and exploration of precious metals, base metals and other properties in Northern Ontario, Canada.

The company claims to be run by experienced management and technical team that focuses on developing and exploring its flagship SPJ Project.

The firm’s principal asset is situated east of Sudbury in Ontario.

MacDonald's ongoing drilling is aimed at expanding the historic footprint of the Scadding prospect that developed 914 kg gold and produced 127,000 tons of mineralized elements grading 7.2 g/t, the firm claims.

The Scadding Deposit is an iron oxide-copper-gold (IOCG) type deposit with various polymetallic structures.

SPJ Gold Project

MacDonald has a 100 stake in this project. It consists of targets having gold, copper, nickel, cobalt, and silver.

This property is located northeast of Sudbury, Ontario, approximately 40 kilometers near Davis, Street and Scadding Townships.

It is covered in an area of 18,930 hectares.

The firm says that its flagship asset consists of well-established infrastructure with access to road, rail, power, and labor. This area also consists of underexplored high-grade polymetallic gold mineralization, the firm claims.

Geological Survey of Canada recently recognized the project.

The historic Scadding Mine is situated within the SPJ Project and has developed 29,000 gold ounces with 7.2 grade per ton.

The Norstar Mine, situated in the Jovan Property, reportedly produced 63,000 tons of ore at grade of 0.9 per cent copper and 7.2 g/t gold.

In 2018, the company commenced its exploration program on the SPJ Gold Property and supported its Scadding mine, an Iron-Oxide-Copper-Gold deposit.

In the same year, MacDonald claims to have completed the surface sampling program at the property. Various nickel, silver, cobalt-copper, and rare earth elements were founded outside of the Scadding Deposit, the mining firm claims.

A drilling program was commenced in 2019 at the Scadding Deposit.

The firm claims to have drilled 83 holes at the property with a depth of 11,000 meters.

To own 100 per cent stake in four claims, the company signed a definitive agreement in March 2021. This possession adds 36 hectares to the MacDonald’s land package reportedly.

Contact Information

company address 145 Wellington Street West, Suite 1001 Toronto, ON, M5J 1H8

company phone416 364 4986

company email[email protected]

company websitehttps://macdonaldmines.com

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