MacDonald Mines Exploration Ltd. is pleased to announce the results of its ongoing drill program undertaken at the Glade Gold Trend on its 100% owned SPJ Property near Sudbury, Ontario. Highlights of Glade Drill Program Intersections of broad and near-surface zones of gold mineralization starting between 6 and 100 m vertical depth Hole AG-22-103 - Multiple zones of near-surface gold mineralization within an untested area [...]
MacDonald Mines Exploration Ltd. is pleased to announce the results of its Phase 1 drill program undertaken at the Alwyn Copper-Gold Trend and observations from the drilling completed at the Glade Gold Trend on its 100% owned SPJ Property near Sudbury, Ontario. Highlights of Phase 1 Alwyn and Glade Drill Program 0.41 % CuEq over 90.44 m in hole AW-22-102 , within an untested area of Alwyn, including two zones of stronger [...]
MacDonald Mines Exploration Ltd. is pleased to announce that GoldSpot Discoveries Corp. has completed work on the MacDonald Mines 100% owned' SPJ Project near Sudbury, Ontario. GoldSpot was engaged to apply their proprietary machine learning applications and geoscience expertise to assist the Company in expanding discoveries and identifying new high-priority target areas. Highlights of the GoldSpot-Macdonald Mines [...]
MacDonald Mines Exploration Ltd. is pleased to announce the appointment of Greg Romain as President and CEO of the Company effective today. Mr. Romain is a well known and respected mining executive with over 30 years of experience in the mining and related industries. Mr. Romain is well qualified to lead MacDonald Mines with a combination of management, strategic, exploration, development, mining and capital markets [...]
Eric Sprott announces that today, through 2176423 Ontario Ltd., a corporation he beneficially owns, he donated 18,750,000 common shares of MacDonald Mines, to The Sprott Foundation . Combined with prior treasury Shares issuances by MacDonald Mines, this resulted in a decrease in holdings of approximately 8.9% of the outstanding Shares on a partially diluted basis since the date of the last early warning report. Prior to [...]
MacDonald Mines Exploration Ltd. announces the grant, under the Company's stock option plan, of 7,500,000 stock options to certain directors, officers, employees and consultants of the Company. The options entitle the holders to purchase the same number of common shares of the Company at a price of $0.05 per share for a period of five years. About MacDonald Mines Exploration Ltd. [...]
MacDonald Mines Exploration Ltd. is pleased to report new surface exploration results from the McLeod showing at its SPJ Property located 40 km east of Sudbury. Highlights of the surface exploration results at the McLeod showing: Gold grades between 0.01 g/t and 45.5 g/t and copper grades between 0.023 % and 0.39 % in grab samples collected by MacDonald Mines. *The reader is cautioned that grab samples are selective by [...]
MacDonald Mines Exploration Ltd. announces that it has closed the second tranche of its previously announced non-brokered private placement offering for proceeds in the second tranche of $393,500 consisting of: 700,000 "flow-through" units at a price of $0.045 each, and 9,050,000 units at a price of $0.04 each. To date, the Company has received aggregate gross proceeds of $1,812,150.87 in the Offering. Please see the [...]
MacDonald Mines Exploration Ltd. announces that it has closed the first tranche of its previously announced non-brokered private placement offering for proceeds of $1,418,650.87 consisting of: 18,947,797 "flow-through" units at a price of $0.045 each, and 14,150,000 units at a price of $0.04 each. Each FT Unit sold in the Offering is comprised of one common share that qualifies as a "flow-through share" within the meaning [...]
MacDonald Mines Exploration Ltd. is pleased to announce that it intends to complete a non-brokered private placement financing of up to C$4.0 million of units and "flow-through" units . The Offering will consist of a minimum of 25,000,000 units at a price of C$0.04 per Unit for gross proceeds of a minimum of C$1.0 million and a maximum of up to 50,000,000 Units for gross proceeds of up to $2.0 million , and up to [...]
MacDonald Mines Exploration Ltd. announces that Mia Boiridy has resigned from the Company's Board of Directors effective September 9, 2021. About MacDonald Mines Exploration Ltd. MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario that trades on the TSX Venture Exchange under the symbol "BMK". The Company is focused on developing its 100%-owned SPJ Project in Northern [...]
MacDonald Mines Exploration Ltd. announces that Mia Boiridy has left the organization, effective immediately. Stuart Adair, CPA, CA, MA, BA, a member of the Board of Directors of MacDonald Mines and Chair of its Audit Committee, has been designated as the Company's interim Chief Executive Officer effective September 8, 2021. Mr. Adair has extensive financial and operating experience as a "C" suite executive and will [...]
