공시 • 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. 공시 • 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. 공시 • 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. 공시 • 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. 공시 • 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. 공시 • Jun 15
MacDonald Mines Exploration Ltd., Annual General Meeting, Sep 04, 2024 MacDonald Mines Exploration Ltd., Annual General Meeting, Sep 04, 2024. 공시 • 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. 공시 • 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. New Risk • Sep 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$602k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$602k free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-CA$315k). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.65m market cap, or US$1.95m). Minor Risk Shareholders have been diluted in the past year (46% increase in shares outstanding). 공시 • 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. 공시 • 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. 공시 • 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. 공시 • 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. 공시 • Dec 23
MacDonald Mines Exploration Ltd. announced that it has received CAD 0.325507 million in funding On December 22, 2022 MacDonald Mines Exploration Ltd. closed the transaction. The company issued a further 1,153,900 flow-through Class A common shares at a price of CAD 0.13 per FT Share for proceeds of CAD 150,007.00 in it's second and final tranche. The company issued 2,080,823 FT Shares for proceeds of CAD 270,507.00 and 550,000 non-flow-through units at a price of CAD 0.10 per unit for proceeds of $55,000 in the transaction for gross proceeds of CAD 325,507. In connection with the second and final closing of the offering, the Company paid finders fees of CAD 9,000. In total, in connection with both closings of the offering the company paid an aggregate of CAD 18,415 in finders fees and issued an aggregate of 80,500 compensation options in connection with purchasers introduced to the company by such finders, with each such compensation option exercisable to acquire one common share at a price of CAD 0.10 per share for a period of 24 months following the closing date of the offering. 공시 • Dec 10
MacDonald Mines Exploration Ltd. announced that it has received CAD 0.1755 million in funding On December 9, 2022, MacDonald Mines Exploration Ltd. closed the transaction. The company amended the term of the transaction. The company will now issue 926,923 flow-through shares at a price of $0.13 each and 550,000 non-flow-through units at a price of $0.10 per unit for the gross proceeds of $175,500. Each unit is comprised of one class A common share in the capital of the company and one half of one class A common share purchase warrant. Each warrant being exercisable to acquire one class A common share at a price of $0.15 per share for a period of 24 months following the closing date of the offering 공시 • Oct 13
MacDonald Mines Exploration Ltd. announced that it expects to receive CAD 1.5 million in funding MacDonald Mines Exploration Ltd. announced e a non-brokered private placement of 5,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 500,000, and 7,692,308 flow through units at a price of CAD 0.13 per unit for gross proceeds of CAD 1,000,000 on October 12, 2022. Each unit will consist of one Class A common share unit in the capital of the Company and one-half of one common share purchase warrant of the company. Each warrant shall be exercisable to acquire one Common Share at a price of CAD 0.15 per share for a period of 24 months from the closing date of the Offering. Each FT unit will consist of one common share to be issued on a flow-through basis and one-half of one warrant. Closing is expected to occur on or about October 28, 2022, and may occur in one or more tranches. The company will pay a 6.0% finders fee to in appropriate circumstances in respect of subscriptions for units or FT units by investors introduced to the company by such finders. All securities issued pursuant to the transaction will be subject to a restricted period of four months and one day from the date of issuance. Closing of the transaction is subject to the approval of the TSX Venture Exchange and the receipt of all required regulatory approvals. 공시 • Sep 20
MacDonald Mines Exploration Ltd. Broad Zones of Gold Mineralization at the Glade Gold Trend: 0.82 g/t gold over 40.5m including 7.76 g/t gold over 2.9m MacDonald Mines Exploration Ltd. announced the results of its ongoing drill program undertaken at the Glade Gold Trend (“Glade”) on its 100% owned SPJ Property (“SPJ”) near Sudbury, Ontario. Intersections of broad and near-surface zones of gold mineralization starting between 6 and 100 m vertical depth Hole AG-22-103 – Multiple zones of near-surface gold mineralization within an untested area of the Glade gold trend, including one zone of stronger mineralization Upper Zone – 0.47 g/t gold over 8.5 m. Middle Zone – 0.71 g/t gold over 10.35 m. Lower Zone – 0.82 g/t gold over 40.5 m including 7.76 g/t gold over 2.9 m. Hole AG-22-105 – Broad zone of near-surface gold mineralization. 0.72 g/t gold over 37.45 m including 16 g/t gold over 1 m. Mineralization remains open in all directions:- The combination of channel sampling and diamond drilling confirmed the presence gold mineralization at Glade over a strike length of >350 m. Earthlabs Inc. (“Earthlabs”) (formerly GoldSpot Discoveries Corp.) identified high-priority and moderate priority targets at Glade spanning a strike length of approximately 3 km. Results support the potential of an extensive gold mineralization trend at Glade. Identification of PGM mineralization in the Glade Nipissing intrusion. 0.16 g/t Pd over 4.00 m in AG-22-103 with anomalous Cu and Ni at the contact(s) of the intrusion(s). Results are indicative of a PGE-Cu-Ni bearing intrusive unit. MacDonald Mines Phase 1 2022 drilling program consisted of 693 m of oriented diamond drilling at the northern end of a 1.0 km-long high-priority target identified by Earthlabs at Alwyn, as well as 502 m of oriented diamond drilling at Glade. During the 2022 drill program, 502 m of drilling tested the Glade Gold Trend following positive drilling and trench work completed in 2021. Gold mineralization appears to follow the upper and lower contacts of a Nipissing intrusion (Glade Nipissing diabase) with Huronian sedimentary rocks, potentially spanning a 3 km east-southeasterly trend, as indicated by Earthlabs targeting results. 2022 drilling in the Glade Gold Trend successfully intersected gold mineralization down dip and laterally from Au-bearing quartz veins and zones of strong alteration hosted in the Glade Nipissing diabase and the Espanola Limestone that were identified in 2021 drilling and trenching campaign. Gold mineralization has now been confirmed in the Glade Gold Trend over a strike length of 350 m. The intersection of three gold zones in hole AG-22-103 suggests a potential for stacked zones of gold mineralization in the Glade Gold Trend. In the two upper gold zones in hole AG-22-103, and in holes AG-22-104 and AG-22-105, gold mineralization is associated with multidirectional networks of quartz veins hosted in the Glade Nipissing Diabase. Surface work indicated that the networks of quartz veins associated with gold mineralization are oriented E-W to N-S. Drilling was planned to intersect all the network of quartz veins observed in the Glade Nipissing Diabase. In the lower zone of gold mineralization in hole AG-22-103, gold mineralization straddles the contact between the Glade Nipissing Diabase and the Espanola Limestone and is associated with strong alteration fronts. In the Nipissing diabase, the mineralized alteration fronts occur as chlorite replacements that are comparable to alteration associated with gold in the Scadding Deposit located 800 m north. 공시 • Aug 11
Macdonald Mines Exploration Ltd. Announces Appointment of Steven Butler as Director MacDonald Mines Exploration Ltd. announced at the AGM held on August 9, 2022 that the company approved election of Steven Butler as director. 공시 • May 26
MacDonald Mines Exploration Ltd. Provides Update on 2022 Phase 1 Drill Program MacDonald Mines Exploration Ltd. provided an update on the Phase 1 drill program undertaken at the Alwyn Mine Copper-Gold (Cu-Au) Trend and the Glade Gold (Au) Trend on its 100% owned SPJ Property in Sudbury, Ontario. The Company recently completed drilling at Alwyn Mine and Glade as part of MacDonald Mines Phase 1 2022 exploration program. The drill program consisted of 665m of oriented diamond drilling at the northern end of the 1.5 km-long high-priority target identified by GoldSpot in the Alwyn Copper-Gold (Cu-Au) Trend, as well as 503m of oriented diamond drilling along the Glade Gold (Au) Trend. The 2021 trenching/mapping program at Alwyn Mine confirmed the presence of two significant shear zones and a dense network of Copper-Gold (Cu-Au) bearing quartz-carbonate veins at surface. Historical drilling at Alwyn intercepted the same system, including 16.59 g/t Au over 1.52m and 4.46 g/t Au over 3.81m (Haultain Resources, 1983, AFRI 41I10NE0154). Copper and silver assays were not reported during that historic drilling program. The reader is cautioned that the assay data is historical in nature, and the qualified person has not independently validated the accuracy of the historical results. The true width of the intersected zone of mineralization is unknown. Phase 1 of drilling in the Alwyn Mine Copper-Gold (Cu-Au) Trend consisted of five oriented diamond drill holes, totalling 665m. Variably dense and multi-directional networks of quartz-carbonate to carbonate veins, comparable to the networks of veins associated with Copper-Gold (Cu-Au) mineralization at surface, were intersected in four out of the five drill holes. Iron oxide alteration occurring as sporadic specular to earthy hematite veinlets was also observed in conjunction with certain zones of chalcopyrite mineralization and more broadly in the Alwyn area. Observations made in these holes demonstrated the potential for the Alwyn Mine Copper-Gold (Cu-Au) trend to extend southeast of its currently known footprint, as it was predicted by GoldSpot (see news release May 3rd, 2022). MacDonald’s drilling also confirmed veining and mineralization over a 115m strike length and that mineralization remains open in all directions. The strongest zone of quartz-carbonate veining associated with chalcopyrite and pyrite mineralization was intersected in hole AW-22-102 that was drilled in a previously untested area east of the historical Alwyn Mine. Quartz-carbonate, carbonate and hematite-carbonate veining variably mineralized with chalcopyrite and pyrite persisted over 100m in the drill hole, including a 3m quartz-carbonate vein (true width currently unknown) with 2-3% fracture filling chalcopyrite and up to 3-5% very fine-grained clusters/fracture filling chalcopyrite-pyrite. The location of AW-22-102 suggests that the Copper-Gold (Cu-Au) vein system remains prospective to the south where GoldSpot’s high-priority target extends for 1.5 km. In the other drill holes, mineralized zones consisted of 5-10% veins spanning broad intervals up to 116m, crosscut by occasional, narrow (<10m) Nipissing diabase dykes. Approximately 30% of veins carry mineralization, consisting of chalcopyrite + pyrite up to 5%, but typically containing 0.5-2% total sulphides. Specular hematite is commonly found in fractures within mineralized veins and halos around sulphides in veins. Additional potassic and sodic alteration halos were common near stronger mineralization. The initial findings of this drill program (pending assays) in conjunction with GoldSpot’s interpreted 2.5km long Alwyn trend, including a 1.5 km-long high-priority target shown to be associated with Copper-Gold (Cu-Au) mineralization, are very encouraging for future exploration programs in the Alwyn Mine Copper-Gold (Cu-Au) Trend. Phase 1 continued with 503m of new drilling at the Glade Gold (Au) trend to follow up on the successful drilling and trench work completed in 2021 (see news releases dated May 13th, June 15th, and July 6th, 2021). Mineralization appears to follow the upper and lower contacts of a Nipissing sill with Huronian sedimentary rocks, potentially spanning a 3km east-southeasterly trend, as indicated by GoldSpot’s targeting results. The goal of this program was to target high grade Au mineralization down plunge from Au-bearing quartz veins hosted in the Nipissing diabase that were identified on surface and in previous drilling campaign. Logging of the vein network at Glade is currently underway. 공시 • May 04
MacDonald Mines Exploration Ltd. Reports on GoldSpot Discoveries’ Findings at SPJ Project MacDonald Mines Exploration Ltd. announced that GoldSpot Discoveries Corp. has completed work on the MacDonald Mines 100% owned’ SPJ Project near Sudbury, Ontario. GoldSpot was engaged to apply their proprietary machine learning applications (“AI”) and geoscience expertise to assist the Company in expanding discoveries and identifying new high-priority target areas. Phase 1 Drill Program: During the first week of May 2022, the Company will begin mobilizing for the Phase 1 of MacDonald Mines exploration program for 2022. The drill program will consist of up to 1,500m of oriented diamond drilling at the high priority Alwyn Mine (Au-Cu) and Glade (Au) targets. Alwyn Target: The 2021 trenching/mapping program at Alwyn Mine confirmed the presence of two significant shear zones and a dense network of Au-Cu bearing quartz-carbonate veins at surface. Historical drilling at Alwyn intercepted the same system, including 16.59 g/t Au over 1.52m and 4.46 g/t Au over 3.81m (Haultain Resources, 1983, AFRI 41I10NE0154). Copper and silver assays were not reported during that historic drilling program. The reader is cautioned that the assay data is historical in nature, and the qualified person has not independently validated the accuracy of the historical results. The true width of the intersected zone of mineralization is unknown. Based on GoldSpot’s machine learning targets, the zone Au-Cu mineralization identified at surface at the Alwyn Mine could extend over a 2.5 km long NW trend. This trend is following the major McLaren Lake Fault, historically interpreted as the primary control on Au-Cu mineralization at Alwyn Mine and the Ashigami Mine. Oriented drilling will be conducted to confirm historic intercepts and to test the lateral extension of the Au-Cu mineralized system identified at the Alwyn mine. Glade Target: New drilling at Glade will follow up on the successful drilling and trench work completed in 2021. Mineralization appears to follow the upper and lower contacts of a Nipissing sill with Huronian sedimentary rocks, potentially spanning a 3km east-southeasterly trend, as indicated by GoldSpot’s targeting results. The goal of this program will be to target high grade Au mineralization down plunge from Au-bearing quartz veins hosted in the Nipissing diabase that were identified on surface and in its previous drilling campaign. 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. 공시 • Apr 06
MacDonald Mines Exploration Ltd., Annual General Meeting, Jun 07, 2022 MacDonald Mines Exploration Ltd., Annual General Meeting, Jun 07, 2022. 공시 • Nov 24
Macdonald Mines Exploration Ltd. Receives Up to 45.5 G/T Gold and 0.39% Copper in Surface Grab Samples At the Mcleod Showing MacDonald Mines Exploration Ltd. reported new surface exploration results from the McLeod showing at its SPJ Property located 40 km east of Sudbury. Gold grades between 0.01 g/t and 45.5 g/t and copper grades between 0.023 % and 0.39 % in grab samples collected by MacDonald Mines. The reader is cautioned that grab samples are selective by nature and do not necessarily represent the true metal content of the mineralized zones. The surface sampling by MacDonald, combined with the historic drilling results reported for the showing (up to 35.87 g/t gold over 2.44 metres; AFRI 41I10NE0093), suggests that high-grade gold zones may exist in the East-West Ess Creek Deformation Corridor. MacDonald Mines secured the mineral rights over the McLeod showing through a strategic land transaction reported on March 24, 2021. Additional exploration will be conducted to define the grade, geometry and size of mineralization zones at the McLeod showing. In 1974, seven (7) short holes were drilled in the McLeod showing (AFRI 41I10NE0093). The best results were obtained in drill hole D1 that intersected 11.64 g/t gold over 8.69 metres core length, including 35.87 g/t gold over 2.44 metres. The complete assaying of four (4) holes during the drilling program indicate that the assayed drill holes were stopped in mineralized rocks with assays of up to 5.14 g/t gold over 0.61 metres in samples terminating the drill holes (AFRI 41I10NE0093). The reader is cautioned that the Qualified Person has not independently verified these historic drilling results. Following the drilling program, three (3) 75-pound bulk samples were taken from the McLeod showing. The samples were taken in what is now a 67 metre x 14 metre open pit. No results of exploration, development or diamond drilling have been reported from the McLeod showing since the exploration programs of the 1970s.With the objective of validating gold grades reported by historic diamond drilling at the McLeod showing, MacDonald Mines conducted a surface sampling program at the showing in the Fall of 2021. Combined with the drill logs of the 1974 program, MacDonald Mines’s fieldwork indicates that gold-copper mineralization is associated with networks of pyrite, arsenopyrite and chalcopyrite veins that are variably crosscutting albitized rocks of the Southern Province. Representative grab samples of different intensities of mineralization were collected in bedrock along the edge of the pit and from waste piles located beside the pit. The results of the 2021 sampling program support the presence of gold-copper mineralization at the McLeod showing. 공시 • Sep 10
MacDonald Mines Plans for Continued Exploration of its SPJ Property MacDonald Mines Exploration Ltd. announced that during the Fall of 2021, the Company plans to complete the channel sampling and mapping program in the Glade and Alkin areas of the Alkin-Glade trend in preparation for diamond drilling in the Alkin-Glade corridor. The first phase of the drilling program will consist of a series of drill holes to test the continuity of gold mineralization between the Glade East and Glade West showings, separated by 225 m. In parallel, the Company plans to prospect, sample and map the McLeod showing where historic diamond drilling intersected significant gold mineralization. The Company also plans to prospect and map gold-copper mineralization at the historic Alwyn Mine and explore for additional palladium-rich mineralization in the Nipissing sill hosting the Jerome showing. 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 (CA$39k 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 -9.1%. 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 (CA$11k 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. 공시 • Jun 09
Macdonald Mines Exploration Ltd. Announces Results from 3 Channel Samples Taken At the Glade East Showing as Part of Its Ongoing Mechanized Stripping and Channel Sampling Program At Its 100% Owned SPJ Project, 30 Km East of Sudbury, Ontario MacDonald Mines Exploration Ltd. announced results from 3 channel samples taken at the Glade East Showing as part of its ongoing mechanized stripping and channel sampling program at its 100% owned SPJ Project, 30 km east of Sudbury, Ontario. Channel AGT-21-002B returned 7.19 g/t gold over 4.0 m, including 12.4 g/t gold over 1.0 m. Gold mineralization at Glade East appears to be associated with a quartz vein system similar to the one discovered in holes AG-21-096 and AG-21-097, located 225 m away. Diamond drilling is expected to begin in the coming month at Glade and along the 2.3 km Alkin-Glade trend. The Alkin-Glade trend is located at the contact between a Nipissing intrusion and sedimentary rocks. The structure hosts two significant zones of mineralization - the historic Alkin Mine and the Glade showings. In the Glade area, Ontario Geological Survey maps and historical exploration identified a broad zone of disruption, alteration, deformation and mineralization that extends over a strike length of 300 m. High-grade gold in quartz veins were reported historically. The historical Alkin gold mine is located 2.3 km W-NW of the Glade showings. At the Alkin Mine, gold mineralization occurs as a network of quartz veins hosted in the felsic phase of the Nipissing Diabase intrusion that also hosts the Glade showings. Reconnaissance work by the Ontario Geological Survey reported gold assays up to 38.8 g/t gold in grab samples taken from the veins exposed at the Alkin Mine (OFR 5771). The reader is cautioned that grab samples are selective by nature and do not represent the actual grade of the targeted mineralization. In addition, the reader is cautioned that the qualified person has not done enough work to validate the accuracy of the historical results. MacDonald Mines’ diamond drilling under the Glade West Showing in holes AG-21-096 and AG-21-097 revealed a large alteration and mineralization system where shear-hosted quartz veins are surrounded by networks of gold mineralized, multidirectional and variably spaced quartz tension veins concentrated in the Nipissing intrusion at its northern contact with the Bruce conglomerate. Diamond drilling also identified that mineralization extends in the Espanola limestone along the southern contact of the Nipissing diabase hosting the networks of gold-bearing shear zones and quartz veins. Visible gold was observed in many quartz veins in both holes AG-21-096 and AG-21-097 and in the channel samples taken at Glade East. Surface work at the Glade East showing confirmed comparable mineralization 225 m east of the Glade West discovery. In some quartz veins, visible gold is associated with iron-rich chlorite alteration emplaced and crosscutting the quartz veins. This association between gold and iron-rich chlorite observed at the Glade West Showing is similar to the association between iron-chlorite and gold at the Scadding Deposit. The potential relationship between the mineralization observed at Glade and the Scadding Deposit, located 800 m north, could represent a considerable extension to that mineralized system. 공시 • May 14
Macdonald Mines Exploration Ltd. Reports Results from its Winter 2021 Drilling Program MacDonald Mines Exploration Ltd. reported results from its Winter 2021 drilling program at its 100% owned SPJ Project, 30 km east of Sudbury, Ontario. Of significant note, a high-grade discovery was made in the Glade area, 800 m south of the historical Scadding Mine with results highlighted by 5.17 g/t gold over 22.67 m, including 113 g/t gold over 0.96 m. Ground exploration will begin next week to develop new targets on the 2.3 km Alkin-Glade trend for the next round of drilling. Highlights include: Glade - High-grade gold mineralization was discovered 800 m south of the historical Scadding Mine: 5.17 g/t gold over 22.67 m, including 113 g/t gold over 0.96 m in hole AG-21-097. Visible gold was observed in both holes AG-21-096 and AG-21-097. The iron-chlorite alteration that hosts gold at Glade appears similar to that of the Scadding Deposit and could indicate a large mineralized system. Jovan - Gold mineralization with associated silver and nickel mineralization was intersected: 0.88 g/t gold over 6.25 m in hole JV-21-093 - confirming and extending the Palkovits Gold Structure High-grade silver mineralization with 774 g/t Ag over 1.22 m in hole JV-21-088. The Alkin-Glade trend is located at the contact between a Nipissing intrusion and sedimentary rocks. The structure hosts two significant zones of mineralization - the historic Alkin Mine and the Glade showings. In the Glade area, Ontario Geological Survey maps and historical exploration identified a broad zone of disruption, alteration, deformation and mineralization that extend over a strike length of 300 m. High-grade gold in quartz veins was reported historically. Many old trenches, now overgrown with vegetation, are the only evidence of the 1930s and 1940s exploration work done at Glade with gold mineralization still exposed at the Glade East and Glade West showings. The historical Alkin gold mine is located 2.3 km W-NW of the Glade showings. At the Alkin mine, gold mineralization occurs as a network of quartz veins hosted in the felsic phase of the Nipissing Diabase intrusion that also hosts the Glade showings. Reconnaissance work by the Ontario Geological Survey reported gold assays up to 38.8 g/t gold in grab samples taken from the veins exposed at the Alkin Mine (OFR 5771). The reader is cautioned that grab samples are selective by nature and do not represent the actual grade of the targeted mineralization. In addition, the reader is cautioned that the qualified person has not done enough work to validate the accuracy of the historical results.
MacDonald Mines’ drilling in the Glade area was centered on the Glade West Showing identified in the 1930s and 1940s and prospected by MacDonald Mines in 2019 where grab samples returned up to 18.53 g/t gold. The reader is cautioned that grab samples are selective by nature and do not represent the actual grade of the targeted mineralization.
Diamond drilling under the Glade West Showing in holes AG-21-096 and AG-21-097 revealed a large alteration and mineralization system where shear-hosted quartz veins are surrounded by networks of gold mineralized, multidirectional and variably spaced quartz tension veins concentrated in the Nipissing intrusion. Visible gold was observed in many of the quartz veins in both holes AG-21-096 and AG-21-097. In AG-21-097, one of those veins contained significant amounts of visible gold (Picture 1).
In some of the quartz veins, visible gold is associated with iron-rich chlorite alteration emplaced and crosscutting the quartz veins. This association between gold and iron-rich chlorite observed at the Glade West Showing is similar to the association between iron-chlorite and gold at the Scadding Deposit. The potential relationship between the mineralization observed at Glade and the Scadding Deposit, located 800 m north, could represent a considerable extension to that mineralized system.
Jovan
MacDonald completed eleven (11) holes (JV-21-084 to JV-21-094) for a total of over 3,187 m at Jovan to test the polymetallic potential of the area. The drilling targets were selected based on favourable geology, proximity to or spatial association with known mineralization at surface and sizeable geophysical responses detected by the IP survey. Drilling occurred principally in the Ess Creek Deformation Zone and the Palkovits Structure.
In the Ess Creek Deformation Zone, holes JV-21-084, JV-21-085 and JV-21-088 targeted a broad zone of low resistivity detected by the IP survey that is spatially overlapping a positive magnetic anomaly as well as surface sulphide and iron-oxide mineralization with cobalt, copper and nickel. Drilling confirmed that the sulphide and iron-oxide mineralization does extend at depth and that it corresponds with the zone of low resistivity that was detected by the IP survey.
Hole JV-21-084 shows anomalous nickel with elevated palladium associated with sulphide mineralization. In addition, drilling identified many discrete shear and fault zones in the Ess Creek Deformation Zone that are mineralized with precious metal, including an intersection of high-grade silver mineralization in a fault seam in JV-21-088.
Holes JV-21-086 and JV-21-087 targeted the lateral extension of the structural zones intersected in holes JV-21-084 and JV-21-085. Both holes intersected anomalous gold in mineralized structures of the Ess Creek Corridor associated with concentrations of arsenopyrite and pyrite in albitized intrusive and sedimentary rocks. 공시 • Feb 24
MacDonald Mines Exploration Ltd. Announces Resignation of Quentin Yarie as CEO, Effective February 28, 2021 Red Pine Exploration Inc. announced that it has entered into a definitive securities purchase agreement (the "Agreement") with the holders of the partnership interests in Citabar Limited Partnership ("Citabar"), which will result in Red Pine consolidating a 100% ownership in the Wawa Gold Project located near Wawa, Ontario (the "Transaction"). Following a brief transition period, Quentin Yarie has made the decision to dedicate his full attention to the Wawa Gold Project. In the past year, he has resigned from two boards as well as the CEO and Chair of Honey Badger Silver Inc. Mr. Yarie announced that he has resigned as CEO and President of MacDonald Mines Exploration Inc. ("MacDonald Mines"), effective February 28, 2021. Mr. Yarie will remain as a member of the Board of MacDonald Mines. 공시 • Feb 13
Macdonald Mines Exploration Ltd. Reports Assay Results from 11 Holes of Its Fall 2020 Drilling Program on the Scadding Deposit At Its SPJ Project, Sudbury, Ontario MacDonald Mines Exploration Ltd. reported assay results from 11 holes of its fall 2020 drilling program on the Scadding Deposit at its SPJ Project, located 40 km east of Sudbury, Ontario. The Company also reports that it has resumed drilling at the Jovan Property approximately 9 km east of Scadding. Three holes have been completed to date with assays pending while drilling continues. Drilling highlights from Scadding: Hole SM-20-070 intersected, near-surface, 2.04 g/t gold over 12.03 metres, including 6.05 g/t gold over 2.87 metres. Hole SM-20-072 intersected 5.73 g/t gold over 3.67 metres, including 17.30 g/t gold over 1.00 metre. Hole SM-20-077 intersected 7.41 g/t gold over 1.87 metres, including 17.26 g/t gold over 0.75 metres, indicating that higher-grade mineralization persists at Scadding very close to surface. Drilling on the SPJ Project resumed on January 11, 2021, with three of eight holes completed to date on the Jovan property (Figure 3). MacDonald is testing promising exploration targets that include gold, gold-copper, gold-cobalt-copper, and cobalt-copper-nickel prospects, showings, and occurrences. 공시 • Nov 20
MacDonald Mines Exploration Ltd. Reports Further Assay Results from Its Ongoing 2020 Drilling Program At the Spj Property MacDonald Mines Exploration Ltd. reported further assay results from its ongoing 2020 drilling program at the SPJ Property, located 40 km east of Sudbury, Ontario. Hole SM-20-065 intersected, near-surface, 7.18 g/t gold over 13.23 metres, including 41.44 g/t gold over 1.09 metres and 22.60 g/t gold over 1.00 metre, further expanding the high-grade gold mineralization of the Scadding Deposit. Drilling continues with approximately 7,548 metres of the 14,000 metres program completed and 74 holes drilled to date. Further assay results are forthcoming and will be released as they are received. Holes SD-20-058 and SD-20-059 of the program also revealed broad zones of gold mineralization west of the Scadding Deposit, in an area that has seen little exploration in the past. Hole 59 intersected a broad zone of gold mineralization in the Bristol/Monaco corridor that further supports the extension of gold mineralization, beyond the current footprint of the Scadding Mine, between the mine and the South Pit. MacDonald’s focus through December 2020 is to continue drilling the large exploration gaps that exist between the Scadding underground mine and both the North Pit and South Pit areas. 공시 • Nov 11
MacDonald Mines Exploration Ltd. Announces Further Assay Results from its Ongoing at the SPJ Property, Located 40 Km East of Sudbury, Ontario MacDonald Mines Exploration Ltd. announced further assay results from its ongoing 14,000 metres 2020 drilling program at the SPJ Property, located 40 km east of Sudbury, Ontario. Both holes 62 and 63 targeted the southernmost known extension of gold mineralization in the South Pit area. These latest results suggest that mineralization in the Scadding Mine potentially connects with mineralization in the South Pit area. To date, the high-grade gold mineralization in the Bristol/Monaco corridor extends over a strike length of 400 metres between the North and South pits. MacDonald's drilling focus through December will be on the large exploration gaps that exist between the Scadding underground mine and both the North Pit and South Pit areas. Re-Assaying of Intersections with Visible Gold: Building on MacDonald's past experience with "the nugget effect" at the Scadding Deposit, the Company re-analyzed some of the intersections where visible gold was observed in the North and South Pit areas. Both sets of assays (where applicable) are shown in Table 1. One sample is from half of the core, which is consistent with CIM Mineral Exploration Best Practice Guidelines, whereas the "Check assay" is from quarter core. The latter is presented here to illustrate the range of variability of the gold grade within the same core sample. MacDonald recognizes that quarter core sampling is not consistent with CIM Mineral Exploration Best Practice Guidelines. However, the volume of rock represented by one quarter of HQ diameter drill core, the core size used by MacDonald, is equivalent to 89% of the volume of rock represented by one half of NQ diameter drill core. NQ drill core is the current industry standard for mineral exploration. This comparison indicates that the volume of rock in one quarter of HQ diameter drill core remains representative of the mineralization zone, and the Company considers that the grade variability illustrated by the quarter core samples is of interest for the accurate quantification of the core's gold content. It is also important to note that this process is a standard method utilized to confirm assays when an independent party is calculating a resource estimate. Detailed Description: To date the Company has completed more than 7,000 metres of drilling in its ongoing 14,000 metres 2020 drilling program. Hole SM-20-047 was testing the continuity of the Bristol/Monaco Structure between SM-19-001 and SM-19-004. It successfully intersected two zones of strong chlorite alteration characteristic of the Scadding Deposit, including one with visible gold, but these zones of chlorite alteration did not contain significant gold mineralization. Hole SM-20-048 was testing the interpreted projection at depth of the Bristol/Monaco Structure, 30 metres south of the gold intersection in SM-20-035 (4.4 g/t gold over 4.80 m - see news release of May 11, 2020). 공시 • Aug 26
Noble Mineral Exploration Inc. (TSXV:NOB) entered into an agreement to acquire Holdsworth Property in Wawa, Ontario from MacDonald Mines Exploration Ltd. (TSXV:BMK). Noble Mineral Exploration Inc. (TSXV:NOB) entered into an agreement to acquire Holdsworth Property in Wawa, Ontario from MacDonald Mines Exploration Ltd. (TSXV:BMK) on August 25, 2020. As part of consideration, Noble will issue to MacDonald 4 million common shares, as well as 2 million warrants expiring 3 years after issuance and exercisable at CAD 0.15 per common share of Noble. The shares and the warrants will be subject to a 4 month hold period. The transaction remains subject to TSX Venture Exchange approval. 공시 • Aug 21
Juno Corp. acquired remaining 25% stake in McFaulds Lake and area properties from MacDonald Mines Exploration Ltd. (TSXV:BMK). Juno Corp. acquired remaining 25% stake in McFaulds Lake and area properties from MacDonald Mines Exploration Ltd. (TSXV:BMK) during the six months ended June 30, 2020. As consideration for the properties, MacDonald Mines received $55,000 cash and 500,000 common shares in the capital of Juno.
Juno Corp. completed the acquisition of remaining 25% stake in McFaulds Lake and area properties from MacDonald Mines Exploration Ltd. (TSXV:BMK) during the six months ended June 30, 2020. 공시 • Aug 07
MacDonald Mines Exploration Ltd. announced that it has received CAD 4.24585 million in funding On August 5, 2020, MacDonald Mines Exploration Ltd. (TSXV:BMK) closed the transaction. The company has issued 9,332,223 charity flow-through and 29,860,000 flow-through units for the gross proceeds of CAD 4,245,850. The company paid finder’s fee of CAD 179,850 and issued 1,683,500 finder warrants. The transaction was oversubscribed. 공시 • Jul 31
MacDonald Mines Exploration Ltd. (TSXV:BMK) cancelled the acquisition of soocana claims from Sage Gold Inc. (TSXV:SGX). MacDonald Mines Exploration Ltd. (TSXV:BMK) signed a letter of intent to acquire soocana claims from Sage Gold Inc. (TSXV:SGX) for CAD 1.2 million on July 4, 2017. As part of the consideration, MacDonald will issue 4 million common shares and 4 million warrants exercisable for three years at CAD 0.30 to Sage and issue a 1% net smelter return royalty on Soocana claims. The closing of the transaction is subject to TSX Venture Exchange approval and certain other customary closing conditions. As of July 30, 2018 the Ontario Superior Court of Justice Commercial List issued a Court Order against Sage Gold Inc. and appointed Deloitte Restructuring Inc. as receiver over all its assets, undertakings and properties. This order effectively puts on hold the option between MacDonald Mines and Sage Gold Inc.
MacDonald Mines Exploration Ltd. (TSXV:BMK) cancelled the acquisition of soocana claims from Sage Gold Inc. (TSXV:SGX) on January 30, 2019. 공시 • Jul 10
MacDonald Mines Exploration Ltd. announced that it expects to receive CAD 2 million in funding MacDonald Mines Exploration Ltd. (TSXV:BMK) announced a non-brokered private placement of up to CAD 2,000,000 on July 9, 2020. The company will issue charity flow-through units at a price of CAD 0.135 per unit and flow-through units at a price of CAD 0.10 each in the transaction. Each unit will be comprised of one common share and one-half of one common share purchase warrant. Each Warrant shall be exercisable to acquire one common share at a price of CAD 0.20 per warrant share for a period of 24 months from the closing of the transaction. If the closing price of the common shares is at a price equal to or greater than CAD 0.35 for a period of 10 consecutive trading days, the company will have the right to accelerate the expiry date of the warrants by giving notice, via a new release, to the holders of the warrants that the warrants will expire on the date that is 30 days after the issuance of said news release. Eventus Capital Corp. will act as a finder in the transaction. Finders will receive a 7% cash payment and that number of compensation warrants equal to 7% of the units sold in the transaction. The closing of the offering is subject to approval of the TSX Venture Exchange. All securities issued in the transaction have a hold period of four months.