TSXV's MacDonald Mines Loses a Third of Its Value After Providing Update From its SPJ Property

James Bay Lowlands & Bob Lake Saskatchewan

Yes, a BIG HIT and only more big hits are coming

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TSXV's MacDonald Mines Loses a Third of Its Value After Providing Update From its SPJ Property

posted on Oct 22, 2019 12:25PM

2019-10-22 10:24:48 AM ET (MT Newswires)

10:24 AM EDT, 10/22/2019 (MT Newswires) -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) has lost up to a third of its value Tuesday after announcing results from the fifth hole of its on-going exploration program at the company's SPJ Property, 40 kilometres east of Sudbury, Ontario. According to a statement, Hole SM-19-005 intersected three distinct zones of gold mineralization including, 7.75 g/t gold over 1.44 metres, 21.66 g/t gold over 1.64 metres and 8.1 g/t gold over 1.9 metres. It said drilling continues and results will continue to be announced as they are received.