08:48 AM EDT, 08/30/2017 (MT Newswires) -- MacDonald Mines Exploration (BMK.V) said Wednesday it has received gold and silver assays on six trenches across the Oxide Sands zone. According to a statement, trenches 725, 750, 775, and 825 produced "positive" results.

Chief Executive Officer Quentin Yarie said: "Our exploration program continues to expand the lateral extents of the Oxide Sands. Our trenching has uncovered new gold horizons within the Oxide Sands that expand the width of the precious metal footprint and indicate that the gold and silver inventory of the Oxide Sands at the Wawa-Holdsworth Project may be larger than initially anticipated."

Shares on Wednesday shed off 3.4% to $0.14 apiece.

Price: 0.14, Change: 0, Percent Change: 0