B. MacDonald
- Temex Resources - Canadian Orebodies Inc
In a 50-25-25 joint venture with Canadian Orebodies Inc. and Temex Resources Corp, MacDonald has acquired three separate parcels of land comprising over 50 claim blocks which represents approximately 12,500 hectares. These are now known as the Adelaide, Wellington and Richmond Properties
The properties were staked to reflect an interpreted optimum geological setting for nickelhopper deposits.
This land acquisition strategy positions MacDonald with further
nickel-sulphide-potential properties, skilled and experienced business partners and strategic risk spreading for this important hut remote region of Ontario.
The Adelaide and Wellington Properties were flown by Fugro Airborne Surveys using their helicopterborne HeliGEOTEM system. Initial results indicate a number of favourable responses that will be followed up on the ground with HLEM and magnetometer surveys. The Richmond Property has subsequently been flown with the Geotech system. The data is still being processed.
On the Adelaide Property the airborne geophysical survey defmed 4 targets for subsequent ground follow up work. Two of the targets were tested with ground EM andlor magnetometer surveys on established
grids. Subsequent drilling of one hole on each target did not intersect any sulphides of economic significance. Two targets are located under lakes and will have to be drill tested in the winter months.
On the Wellington Properly, several high priority AEM targets with either direct or flanking magnetic association were defined from the airborne survey. These have subsequently been modeled using specialized software and a minimum of three drill targets have been defined. The Company will drill test these targets at some time in the future.
