TSXV's MacDonald Mines Edges Nearer to 52 Week Highs as Observes Gold at Inaugural Drill Program

James Bay Lowlands & Bob Lake Saskatchewan

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TSXV's MacDonald Mines Edges Nearer to 52 Week Highs as Observes Gold at Inaugural Drill Program

posted on Aug 22, 2019 11:30AM

2019-08-22 11:17:05 AM ET (MT Newswires)

11:17 AM EDT, 08/22/2019 (MT Newswires) -- MacDonald Mines Exploration (BMK.V) surged 16.7% to $0.07 apiece Thursday after reporting preliminary results from the 2,000-metres drill program at its 100% owned and permitted Scadding Mine.

According to a statement, the first two drill holes intersected mineralized hydrothermal breccia zones with visible gold and abundant pyrite. Another hole intersected two mineralized zones, including an interval with over 12 pinheads of visible gold, centered around 46 metres depth.

The company also observed "visible gold" at 24 metres depth.

Price: 0.07, Change: +0.01, Percent Change: +16.67

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