Anuncio • Jan 09
Macdonald Mines Exploration Ltd. Announces A Drilling Program At Its Spj Project MacDonald Mines Exploration Ltd. announced a drilling program that will begin in January 2025 on MacDonald Mines 100% owned SPJ Project, near Sudbury, Ontario. The 2025 drilling program, planned in collaboration with Canuc Resources Corporation, consists of approximately 800 m of drilling that will target the lenses of gold mineralization associated with the North Pit of the Scadding Gold Deposit located on the SPJ Project. In December of 2024 Canuc and MacDonald signed a letter of intent whereby Canuc intends to acquire all of the issued and outstanding shares of MacDonald Mines. The objective of the drilling program is to confirm the historically reported tenors for the gold mineralization zones of the North Pit area of the Scadding Gold Deposit and to find extensions to the known zones of gold mineralization at depth. The mineralized zones of the North Pit are being evaluated as potential source material for the Scadding Tailings reprocessing being undertaken by Environmental Tailings Corporation. An agreement between ETC and MacDonald for the reprocessing and reclamation of the Scadding Tailings was announced on November 15, 2022. This drilling program is intended to mark a first step towards the estimation of a mineral resource for the gold zones of the North Pit of the Scadding Gold Deposit. Future exploration programs on the SPJ property will be designed to the test the potential of the McLaren Fault Zone to host significant zones of iron-rich copper-gold mineralization affiliated with iron oxide-copper-gold deposits in the Alwyn area. This follows from the encouraging results and the subsequent interpretations of the 2023 drilling program. Contingent on positive results from the drilling program, future exploration will also continue to test the zones of mineralization of the North Pit of the Scadding Gold Deposit in preparation of a mineral resource estimation. Anuncio • Dec 18
MacDonald Mines Exploration Ltd. announced that it has received CAD 0.5 million in funding MacDonald Mines Exploration Ltd announced a non-brokered private placement offering to issue 10,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 500,000 on December 17, 2024. Each Unit is comprised of one Class A common share and one Class A Common Share purchase warrant with each Warrant being exercisable to acquire one Class A Common Share at a price of CAD 0.10 per share for a period of 24 months following the closing date of the Offering. In connection with the Offering, Company insiders participated by acquiring a total of 800,000 Units Shares representing 8% of the total proceeds. All securities sold or issued in connection with the Offering are subject to a hold period of four months and one day from the date of issuance thereof. The Offering is subject to the final approval of the TSX Venture Exchange. Anuncio • Dec 04
Canuc Resources Corporation (TSXV:CDA) signed a letter of intent to acquire MacDonald Mines Exploration Ltd. (TSXV:BMK) for CAD 5.6 million. Canuc Resources Corporation (TSXV:CDA) signed a letter of intent to acquire MacDonald Mines Exploration Ltd. (TSXV:BMK) for CAD 5.6 million on December 3, 2024. Under the terms of the LOI, Canuc will issue 72,000,000 common shares to the shareholders of MacDonald Mines as consideration, representing approximately CAD 3,365,400 in aggregate value. The LOI is in place until April 30, 2025, unless earlier terminated in accordance with its terms. Completion of the proposed acquisition is conditional upon, among other things, formalization of the transaction by way of a definitive agreement, the receipt of all necessary shareholder and regulatory approvals by MacDonald Mines and Canuc (including the approval of the TSX Venture Exchange), and the satisfactory completion by Canuc of its due diligence investigations on the Company and its assets. Anuncio • Dec 03
MacDonald Mines Exploration's Shares to be Delisted from the Trading on the TSX Venture Exchange, Following Acquisition by Canuc Resources MacDonald Mines Exploration Ltd. (‘MacDonald Mines’ or the ‘Company’) announced that it has signed a non-binding letter of intent (the ‘LOI’) with Canuc Resources Corporation (‘Canuc’), whereby Canuc will acquire all of the issued and outstanding shares of MacDonald Mines. Under the terms of the LOI, Canuc will issue 72,000,000 common shares (‘Canuc Shares’) to the shareholders of MacDonald Mines as consideration, representing approximately $3,365,400 in aggregate value. The LOI is in place until April 30, 2025, unless earlier terminated in accordance with its terms. Completion of the proposed acquisition is conditional upon, among other things, formalization of the transaction by way of a definitive agreement, the receipt of all necessary shareholder and regulatory approvals by MacDonald Mines and Canuc (including the approval of the TSX Venture Exchange), and the satisfactory completion by Canuc of its due diligence investigations on the Company and its assets. If completed, the Company's shares will be delisted from the trading on the TSX Venture Exchange, and the Company's shareholders will continue as shareholders of Canuc. Anuncio • Oct 17
Macdonald Mines Exploration Ltd. Announces Resignation of Amanda Fullerton from the Board of Directors MacDonald Mines Exploration Ltd. announced that Amanda Fullerton has resigned from the Board of Directors for personal reasons. Anuncio • Jun 15
MacDonald Mines Exploration Ltd., Annual General Meeting, Sep 04, 2024 MacDonald Mines Exploration Ltd., Annual General Meeting, Sep 04, 2024. Anuncio • May 25
MacDonald Mines Exploration Ltd. Withdraws Previously Announced Scadding Gold Project Assays Pending Further Review MacDonald Mines Exploration Ltd. has discovered inconsistencies in certain assay results from the Scadding gold prospect that were previously publicly announced by way of releases and which may also have been disclosed or used in certain other disclosure documents, such as the National Instrument 43-101 technical report on the Scadding gold project dated October 18, 2019. Accordingly, the company hereby withdraws all its previously announced assay results for the Scadding gold project and advises that such results and the disclosure that such results are based on should not be relied upon. The company is conducting a detailed review and comparison of the assay results from the Scadding gold project with the company's disclosure documents in order to identify and quantify the extent of any incongruities. These inconsistencies are limited to the Scadding gold project which is not a flagship project for the company nor is there a resource of any kind associated with it. The Glade and Alwyn properties are unaffected. Anuncio • Dec 06
MacDonald Mines Exploration Ltd. Continues to Confirm IOCG Potential at the Alwyn Copper-Gold Trend, Sudbury, Ontario MacDonald Mines Exploration Ltd. announced the results from its 1,206 meter drill program along the prospective McLaren Lake Fault Zone ("MLFZ") at the Alwyn Copper-Gold ("Cu-Au") trend ("Alwyn"), as well as the Glade Gold ("Au") trend ("Glade") located on MacDonald Mines 100% owned' SPJ Project near Sudbury, Ontario. Highlights from 954 meters of drilling in the Alwyn Cu-Au trend; Copper-gold mineralization confirmed in the Alwyn Trend over a strike length of approximately 400 metres; The Alwyn Cu-Au trends is part of the MacLaren Lake Fault Zone (MLFZ); Other known centers of Cu-Au mineralization along the MLFZ includes the Ashigami and Crerar showings respectively located 4.5 km and 9.5 km SE from the Alwyn prospect; Confirmation that the Alwyn 102 Vein contained within a broader halo of Cu-Au mineralized halo is extending at least 75 metres SE of the historical Alwyn mine; Near-surface intersection of 1.16% Cu and 1.64 g/t gold over 4.75 metres within a mineralization halo containing 0.47% Cu and 0.52 g/t gold and over 25 metres in AW-23-107; Located 30 metres away from the intersection of 1.07% Cu and 3.01 g/t gold over4.2 metres in AW-22-102; 1.36% Cu and 3.06 g/t gold over 0.90 metres associated with garnet-amphibole alteration in AW-23-106 within a Cu-Au mineralization halo containing 0.,31% Cu and 0.31 g/t Au over 16.0 metres; Zones of pervasive magnetite alteration with indications of Cu mineralization in AW-23-110 identified in the Alwyn Cu- A diabase dyke truncated the core zone of the Alwyn 102 Vein and its mineralized halo in AW-23-110. Anuncio • Jul 27
MacDonald Mines Completes Drilling at Alwyn Cu-Au and Glade Au Trends Observes Visible Gold at Glade MacDonald Mines Exploration Ltd. provide an update on the spring drill program undertaken at the Alwyn copper-gold trend and the Glade gold trend on its 100% owned SPJ Property in Sudbury, Ontario. Summary of Drill Program: On June 28, 2023 the Company completed 1,206 meters of oriented diamond drilling, including 954 meters of drilling at the Alwyn Cu-Au trend and 252 meters of drilling at the Glade Au trend. Intersection of a broad and near-surface potential zone of gold mineralization at Glade. Visible gold in quartz-carbonate-chlorite veining identified periodically over 40 meters in hole AG-23-111. This zone is located 20 to 60 meters away from intercepts identified in 2021 drilling in hole AG-21-097. This area has been selected for rush assay analysis and drill core will be sent shortly. Extension of possible PGM mineralization at depth. Disseminations of pyrrhotite and chalcopyrite occurs in Nipissing diabase and within quartz-carbonate veins between 128 to 149 meters and 212 to 222 meters in hole AG-23-111. Comparable sulfide assemblage was associated with PGM mineralization in hole AG-22-103, 45 meters northeast. Hydrothermal iron enrichments observed in drilling 300 meters southeast of historic Alwyn mine . Stringers to zones of semi-pervasive replacement of sedimentary textures by magnetite and/or Fe-rich chlorite, as well as veinlets of K-feldspar-chlorite-fluorite-chalcopyrite and specular hematite in holes AW-23-109 and AW-23-110 could be suggestive of the presence of iron-rich copper-gold mineralization affiliated with an iron oxide copper-gold (“IOCG”) deposit. Glade Gold Target: 2023 drilling at Glade continues to demonstrate near surface zones of gold mineralization hosted in quartz-carbonate veins, as demonstrated by visible gold found in four locations over 40 meters in hole AG-23-111, at 8.9, 17.9, 28.0 and 51.0 meters. These observations occur approximately 55 meters laterally from the significant intercept measured in 2021 in hole AG-21-097, which consisted of 113 g/t gold over 0.96 meters core length. Gold mineralization and Fe-rich alteration types observed in the Glade Au trend are comparable to the styles observed at the Scadding deposit, located approximately 1 km to the north of Glade. In the Glade Nipissing intrusion, the 2022 drilling program intersected 0.16 g/t Pd over 4.00 meters in hole AG-22-103 with anomalous Cu and Ni within a more mafic domain of the Glade Nipissing intrusion. This was a new observation for the Nipissing diabase in the Glade area, suggesting PGE-Ni-Cu potential for the intrusive unit. Observations of increased pyrrhotite and chalcopyrite between 128 and 149 meters, as well as between 212 and 222 meters in the new drilling from hole AG-23-111 could provide new insights into the variability of PGM’s and size potential for this mineralization. Copper-Gold Mineralization along the McLaren Lake Fault Zone: The MLFZ is emerging as a compelling exploration target for copper-gold and potentially cobalt-gold mineralization. Along the 2.5 km Alwyn Cu-Au trend defined in collaboration with ALS GoldSpot, near-surface copper-gold mineralization is associated with networks of quartz-carbonate veins. The 2023 gravity survey and data from the 2022 and 2023 drilling programs indicate that Cu-Au mineralization can also be associated with iron-rich alteration in the lateral and deeper extensions of the system. Regionally, the MLFZ is highly prospective for critical and precious metals mineralization. In addition to Alwyn, along the MLFZ on the SPJ Project the primary targets include the Ashigami and the Crerar showings, located 4.5 km and 9.5 km southeast of the Alwyn mine, respectively. Anuncio • Jun 14
Macdonald Mines Exploration Ltd. Commences Drilling At the Alwyn Copper-Gold Trend MacDonald Mines Exploration Ltd. announced the start of a 1,200 meter drill program along the prospective McLaren Lake Fault Zone ("MLFZ") at the Alwyn Copper-Gold ("Cu-Au") trend ("Alwyn"), as well as the Glade Gold ("Glade") located on MacDonald Mines' 100% owned SPJ Project near Sudbury, Ontario. The Company also reports preliminary mineralogical observations from hole AW-23-106. Mineralogical observations from hole AW- 23-106 support the Alwyn Cu-Au mineralized system's affiliation with metasomatic iron and alkali-calcic ("MIAC") mineral systems capable of forming iron-rich copper-gold mineralization. Chalcopyrite associated with actinolite (Fe-rich amphibole) and andradite garnet (Fe-rich garnet) is interpreted to represent iron seeping into the system to form iron-silicate alteration associated with chalcopyrite mineralization. This suggests a potential for the gravity anomalies detected in the Alwyn Cu-AU trend to represent areas of stronger Fe alteration and to potentially host zones of iron-rich alteration affiliated with iron oxide-copper-gold (IOCG) mineralization. Drilling of up to 1,000 meters at the Alwyn Cu-Ai trend commenced on June 8th, 2023, aiming to: Expand the footprints laterally and at depth of the vein networks mineralized in copper and gold identified during the 2022 drilling program and indicated by historical drilling (AFRI 41I10NE0158), Test the association between gravity highs and hydrothermal iron enrichments that could be suggestive of the presence of iron-rich copper-gold Mineralization affiliated with iron oxide copper-gold ("IOCG") mineralization in the Alwyn Cu- Au trend. Drilling integrates new data that supports the extension of copper-gold mineralization outside of the area of the Awlyn Cu-Au trend drilled in 2022 that includes: The results from the 2023 gravity survey and 10 new targets generated by ALS GoldSpot in the Alwyn Cu- au trend, which could expand the size of the Cu-Au mineralized System and confirm the relationship between iron-rich alteration/mineralization and the gravity anomalies and targets identified in collaboration with ALS GoldSpot. Anuncio • May 06
MacDonald Mines Exploration Ltd. announced that it has received CAD 0.455 million in funding MacDonald Mines Exploration Ltd. announced a non-brokered private placement of 3,100,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 155,000, and 6,000,000 flow through units at a price of CAD 0.05 per unit for gross proceeds of CAD 300,000; for an aggregate gross proceeds of CAD 455,000 on May 5, 2023. Each unit will consist of one Class A non-flow through common share unit in the capital of the Company and one common share purchase warrant of the company. Each FT unit will consist of one common share to be issued on a flow-through basis and one common share purchase warrant. Each FT warrant shall be exercisable to acquire one Common Share at a price of CAD 0.07 per share for a period of 24 months from the closing date of the Offering. All securities sold or issued in connection with the Offering are subject to a hold period of four months and one day from the date of issuance thereof. The Offering is subject to the final approval of the TSX Venture Exchange. Anuncio • Jan 26
MacDonald Mines Exploration Ltd. Commences Gravity Survey Along Alwyn Cu-Au Trend Testing the Presence of Iron-Rich Critical Metals Mineralization At Depth MacDonald Mines Exploration Ltd. announced the commencement of a broad gravity survey over the Alwyn Copper-Gold (Cu-Au) Trend (Alwyn) on its 100% owned SPJ Property (SPJ) near Sudbury, Ontario. Survey Highlights: The gravity survey is testing the presence of iron-rich alteration zones in which Cu-Au mineralization could be associated with specular hematite to form iron oxide copper-gold (IOCG) or affiliated critical metal mineralization that are not detectable with regional magnetic surveys; Geological indicators from the 2022 drilling program are suggesting the presence of iron-rich alteration zones under the Alwyn prospect; The gravity survey covers a total of 321.9 ha at 100 m line spacing with line azimuth 45°/225° over 3.2 km along the McLaren Lake Fault Zone to cover the high and moderate priority targets proposed by ALS GoldSpot Discoveries Ltd. (ALS GoldSpot) in May 2022; The survey will be conducted by Initial Exploration Services in conjunction with ALS GoldSpot over an estimated 10 days. Alwyn Cu-Au Target: Phase 1 drilling at Alwyn consisted of five oriented diamond drill holes, totalling 693 m. Variably dense and multi-directional networks of quartz-carbonate to carbonate veins, comparable to the networks of veins associated with copper-gold mineralization at surface, were intersected in all five drill holes. At surface and in diamond drilling in the Alwyn area, sporadic veins comprised of specular hematite + K-feldspar and variably associated with chalcopyrite mineralization were also observed. This iron oxide-bearing + K-feldspar alteration type is indicative of possible IOCG mineralization. The 321.9 ha gravity survey along the 2.5 km Alwyn Cu-Au trend is testing for the presence of zones of iron alteration under the Alwyn prospect in which Cu-Au mineralization could be associated with specular hematite to form IOCG mineralization. This survey will help to define the footprint of iron alteration/mineralization, including potassium feldspar, earthy & specular hematite associated with mineralization and veins that were observed in the 2022 drilling program. Regional magnetic surveys indicate several interesting features along the Alwyn trend and McLaren Lake Fault. No gravity surveys have been completed in this area to date which is necessary to detect concentrations of specular hematite or non-magnetic iron-rich minerals. The results of the survey will be integrated into ALS GoldSpot's machine learning technology to generate additional targets for future drilling and exploration. Highlights of Phase 1 Drilling at the Alwyn Prospect: 0.41 % CuEq (0.17 % Cu, 0.36 g/t Au and 0.28 g/t Ag) over 90.44 m in hole AW-22-102 (Alwyn), within an untested area of Alwyn, including two zones of stronger mineralization: Upper zone: 41.53 m at 0.53 % CuEq (0.24 % Cu, 0.43 g/t Au and 0.41 g/t Ag), including 3.99 % CuEq (1.36 % Cu, 3.87 g/t Au and 3.05 g/t Ag) over 3.20 m; Lower zone: 13.00 m at 0.84 % CuEq (0.29 % Cu, 0.82 g/t Au and 0.33 g/t Ag); Identification of cobalt anomalies in most of the drill holes completed in the Alwyn system with the broadest intersection being 0.015 % Co over 26.50 meters in AW-22-101; Copper-gold mineralization open in all directions and confirmed over a strike length of 115 m within the 2.5 km Alwyn: Copper-Gold Trend interpreted in conjunction with the work of ALS GoldSpot; Supports the potential to further expand the Alwyn copper-gold system; Widest and most significantly mineralized interval intersected during this initial five hole program at Alwyn was located southeast of the Alwyn Mine beyond the historically known footprints of Cu-Au mineralization. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Kevin Tanas was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Sep 10
President, CEO & Director Mia Boiridy has left the company On the 9th of September, Mia Boiridy's tenure as President, CEO & Director of the company ended after less than a year in the role. As of June 2021, Mia still personally held only 700.00k shares (€21k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model. Under Mia's leadership, the company delivered a total shareholder return of -9.8%. Executive Departure • Jun 17
Independent Director Patrice Dubreuil has left the company On the 15th of June, Patrice Dubreuil's tenure as Independent Director ended after 1.8 years in the role. As of March 2021, Patrice still personally held only 150.00k shares (€6.2k worth at the time). Patrice is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model. 
