MacDonald Mines Updates on Exploration Program at Holdsworth Property

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.
Wawa-Holdsworth Project

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.