Feb 23, 2017 @ 14:00
MacDonald Mines Exploration Ltd. has begun exploration programs at both its Wawa-Holdsworth Gold Project near Wawa, Ontario, and its Charlevoix Silica Property located approximately 42 kilometres north of Baie-Saint-Paul, Quebec. The sampling program conducted at Charlevoix suggest that the high purity quartzite unit mined at the Sitec Silica Mine extends on the property.
Havenan Brothers completed 62 kilometres of line cutting at the Wawa-Holdsworth Project in order to conduct magnetic and electromagnetic surveys on the property. The Company intends to utilize this data to map, model and highlight prospective drill targets.
The Wawa-Holdsworth Project is comprised of 18 contiguous patented mining claims covering approximately 285 hectares, located 20 kilometres northeast of Wawa, Ontario.
Three gold targets have been identified on the property:
- Lode Gold in traditional quartz veins, known as the “The Soocana Vein”,
- an oxidized cap at surface developed over a massive pyrite zone (Algoma Iron Formation) known as the “The Oxide Sands”, and
- the precursor to the Oxide Sands – a massive pyrite zone (Algoma Iron Formation) at depths, known as “The Massive Sulphide”.
The Company believes that there is potential to find additional high-grade gold mineralization at the Wawa-Holdsworth Project.
Prospectors and Developers Association of Canada (“PDAC”) Convention
Investors are invited to visit booth #2512 on March 5-8, 2017, to meet with MacDonald’s management and staff to discuss the Company’s recent activities and projects.