26
Aug

MacDonald Mines Provides Update on its Ring of Fire Semple-Hulbert Property: Assay Results Pending

MacDonald Mines Limited (TSX-V: BMK) (MacDonald Mines) is pleased to announce that the Company has completed nine holes, totaling 2,553 metres, of an ongoing drilling program on its Ring of Fire, Semple-Hulbert project near Kasabonika, Ontario.

 

Highlights: 

  • Multiple semi-massive to massive sulphides of 1 to 2 metres in thickness have been encountered
  • Additional geophysical targets identified using surface magnetics and Crone pulse EM
  • Assay results for Semple-Hulbert expected by early September, 2011
  • Numerous vanadium rich gabbro layers with significant thickness were encountered
  • Olivine-bearing, magnetic gabbros were intersected

 

Following initial assay and geophysical results the spring/summer program was completed in August.  The company is currently reviewing all data as it awaits final assays, which will allow for both additional geological and geophysical interpretation.

 

Visual Interpretation: 

Drilling thus far has provided the first raw data from the property and substantial insight into the geologic and geophysical nature of the aforementioned anomaly.   Rock types have been interpreted to consist of a north plunging (~60-65 degrees) layered intrusive suite of mafic to ultramafic, moderately metamorphosed and structurally altered (mainly folded), repetitive magnetic gabbro to gabbro/gabbronorite units (‘cycles’).

 

The most notable units discovered have proven to be numerous vanadium-rich magnetite gabbro layers (near massive magnetite locally) with robust apparent thicknesses ranging from 20-40 meters .

 

Additionally, gabbroic units containing strong sulphide zones with semi-massive to massive sulphides of 1 to 2 metres in thickness have been encountered, with the margins of these zones consisting of sulphide ‘stringers’ containing visible pyrrhotite, chalcopyrite and lesser pentlandite.  Olivine-bearing, magnetic gabbro was also encountered in the final drill hole of the program; SH11-09.  Drilling to follow up on this ultramafic material will continue in the fall of 2011 with the goal of defining nickel bearing ultramafic units stratigraphically lower in the intrusive suite.

 

Results of the program will be released as soon as they have been received and reviewed

Camp Relocation: 

The company will also relocate its exploration camp to newly discovered favourable geology. This will also provide important cost saving in the forth-coming drilling exploration.

 

The total 2011 summer drill program consisted of 2,553.90 metres of drilling over 9 diamond drill holes (*Note: SH11-02EXT was an extension hole to follow up on a down hole geophysical target); 5 targeting VMS mineralization, 2 targeting vanadium and 2 targeting Ni-Cu-PGE mineralization: 

 

Drill Hole #

UTM Easting

UTM Northing

Az

Dip

Length (m)

Finish Date

SH11-01 456208 5931639 150 -50 105.77 May 14/2011
SH11-02 455953 5930636 40 -50 179.50 May 20/2011
SH11-03 453263 5931766 0 -55 257.56 May 23/2011
SH11-04 450949 5933041 170 -50 300.65 May 29/2011
SH11-05 450949 5933041 163 -65 337.11 June 6/2011
SH11-02EXT 455953 5930636 40 -50 48.80 June 8/2011
SH11-06 455953 5930636 5 -67 307.70 June 14/2011
SH11-07 450356 5933689 163 -45 230.12 June 18/2011
SH11-08 450247 5933140 180 -45 409.96 June25/2011
SH11-09 451485 5932672 205 -60 376.73 July 6/2011
TOTAL (m)         2553.90  

 

Resignation of Director

The Company announces that Julie Lee Harrs, director of the Company has resigned effective August 18, 2011 to pursue other opportunities.  The Board of Directors would like to take this opportunity to thank Ms. Lee Harrs for her contribution and efforts over the past one and a half years and wish her every success in her future endeavors.

 

Qualified Person

Quentin Yarie, P.Geo., is the qualified person in regard to the technical data contained within this news release and will be responsible for overseeing all aspects of the Company’s exploration programs.

 

About MacDonald Mines Exploration Ltd.

MacDonald Mines is a mineral exploration company with an established exploration history in the Canadian Northlands. MacDonald Mines has set upon a strategic direction of exploration with particular focus on nickel, chrome, copper, zinc, vanadium and titanium in the “Ring of Fire” area of the James Bay Lowlands of Northern Ontario.  More detailed information about the Company is available on the website at www.macdonaldmines.com

 

For more information, please contact:

 

MM_logo_For_Website_Press

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.macdonaldmines.com

Toll Free: 1 - (800) 818-5442

Tel: (416) 364-4986

Fax: (416) 364-2753

Brent Nykoliation, Vice President, Business Development

or

Quentin Yarie, P.Geo, Senior Vice President, Exploration

Or

Kirk McKinnon, President & CEO

Cautionary Statement:

 

 

 

 

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of MacDonald Mines Exploration Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from MacDonald Mines plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by MacDonald Mines with the TSX Venture Exchange and securities regulators. MacDonald Mines does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.