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MacDonald Mines Reports Multiple Discovery Zones of Gold Mineralization North of the Scadding Mine:...
TORONTO, Jan. 23, 2020 (GLOBE NEWSWIRE) -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces the complete results from hole SM-19-012 (see partial results in Jan. 20, 2019 news release) drilled last fall at its SJP property, 40 kilometres east of Sudbury, Ontario. Hole SM-19-012 intersected four zones of gold mineralization north of the Scadding Mine and the top of the Bristol breccia at depth. The latest results include 9.4 g/t gold over 4.9 metres, including 35.7 g/t gold over 0.5 metres and 24.1 g/t gold 0.4 metres with the complete intersection of SM-19-012 grading 1.63 g/t gold over 65.6 metres. Hole SM-19-012 indicates a much larger corridor of gold mineralization north of the Scadding Mine than what was suggested by historic drilling results. Highlights:Hole SM-19-012 intersected four zones of gold mineralization north of the Scadding Mine: 9.4 g/t gold over 4.9 metres, including 35.7 g/t gold over 0.5 metre and 24.1 g/t gold over 0.4 metre in the Mosport Structure;1.7 g/t gold over 2.9 metres in a new structure;4.1 g/t gold over 3.8 metres in a new structure;And previously reported 4.0 g/t gold over 9.4 metres, including 9.1 g/t gold and 0.02% cobalt over 0.9 metres in the Telladega Structure. North Pit, Scadding Mine “We are positively surprised by the results of hole 12, north of the Scadding Mine. Historic drilling results in the area did not indicate the...
Summary Consolidated 2020 Guidance: Production of 90,000-95,000 oz; note that production guidance does not include contributions from coarse gold occurrences at Beta Hunt. Based on management's current interpretation of the Beta Hunt shear zone / Lunnon Sediment intersection horizons, coarse gold is expected to be produced during 2020. All-in-sustaining-cost (AISC)1 of US$1,050-$1,200 per oz.2020 Exploration: The re-negotiation of the Morgan Stanley Royalty at HGO has unlocked multiple high priority areas of the 1,800km2 land package previously not explored. New targets at HGO now include the Pioneer deposit, Two Boys extension, Paleochannel extensions, Baloo-Sluth trend, and Zuleika parallel mineralised structures. A 2020 exploration budget of A$9.5-A$10 million (totaling 45,000-50,000 metres) is allocated across HGO and Beta Hunt. Operational Update: Baloo Open Pit Operations Baloo Stage 1 mining is now expected to extend to June 2020. Baloo Stage 2 approvals are on track and expected to be received during Q1 2020, with Stage 2 mining expected to continue through to December 2020. Infill drilling results at Baloo continue to confirm or improve upon modelled mineralization (drill intervals are estimated true thickness): BLOR0009 returned 2.5g/t over 18.5m. Fairplay North Open Pit Operations Fairplay North is the next open pit in the HGO production pipeline, located less than 1km from the HGO treatment plant. First mineralization has been mined and delivered to HGO Run-of-Mine ("ROM") stockpile for processing. Fairplay North Stage 1 mining is planned through to July 2020, followed by Stage 2 through to January 2021. High-grade results from recent drilling include (drill...
Kirkland Lake, Ontario – January 21, 2020 – RJK Explorations Ltd. (TSXV: RJX.A, US OTC: RJKAF) ("RJK" or the "Company") is pleased to announce that it has received positive results from its SGH (Spatiotemporal Geochemical Hydrocarbon) soil sampling program, conducted on three separate geophysical targets which the company has identified as potential kimberlite pipes. SGH analysis is used to identify potential ore bodies by testing the hydrocarbon ratios in the parts-per-trillion (ppt) present in the soil. Hydrocarbon signatures tend to be unique above different geological structures which allow the test to identify a range of different ore bodies, including kimberlite. The results are graded on a scale of 0-6, with 4/6 being the first level of confidence for further testing, and 6/6 being the most prospective. Both the T1 and T2 targets tested positive for kimberlite with a 5/6 and the Paradis geophysical anomaly scored 4.5/6. These initial SGH results are a very encouraging and the company plans to test each location during its winter drilling program. Limited drilling was completed at Paradis last spring; however, after further analysis, the drilling did not adequately intersect the geophysical anomaly and will require follow up drilling. T1 and T2 Targets RJK is also pleased to announce that it has acquired an additional 150 mineral claims through staking, comprising of approximately 7,500 hectares. The company now holds a dominant land package in the Cobalt mining camp with over 35 potential kimberlite targets slated for follow up testing. Mr. Peter Hubacheck, P.Geo, Project Manager for RJK is the Qualified Person as defined...
Brossard, Quebec / The Newswire / January 20, 2020 – Windfall Geotek (TSX-V: WIN) a mining and technology services company and leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector, is pleased to announce that it has obtained the right to use the ticker “WIN” As of today. "This is a great symbol and the final step of our rebranding (From Albert Mining to Windfall Geotek) and will allow us to develop our marketing strategy to reflect the new security application. 2020 is promising to be a good one and our symbol change fits right in with our WIN/WIN approach with our clients" Michel Fontaine President and CEO of Windfall Geotek For more information, come and see us at the VRIC (Vancouver Resources Investment Conference) booth 938 to know more about it! About Windfall Geotek Powered by Artificial Intelligence (AI) since 2005 Windfall Geotek is a services company using Artificial Intelligence (AI) with an extensive experience in providing high probability targets for gold, copper, silver, Nickel Cobalt, Kimberlites etc. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining. For further information visit https://windfallgeotek.com/ or https://insidexploration.com/aiim/ Michel Fontaine, President and CEO of Windfall GeotekTelephone: 514-994-5843Email: firstname.lastname@example.orgWebsite: www.windfallgeotek.com
TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- MacDonald Mines Exploration Ltd. (TSX-V: BMK) (“MacDonald Mines”, “MacDonald” or the “Company”) announces further results from the diamond drill program completed last fall at its SJP property, 40 kilometres east of Sudbury, Ontario. Hole SM-19-008 intersected 3.6 g/t gold over 6 metres, including 21.5 g/t over 0.8 metres, testing the down-dip continuity of the gold zones of the North Pit area. Hole SM-19-012 intersected 4.0 g/t over 9 metres, including 9.1 g/t gold and 0.02% cobalt over 0.9 metres, testing the northern extension of the Scadding Mine. The results from the upper chlorite zone in hole SM-19-012 in which visible gold was observed, are still pending. Highlights: Hole SM-19-008 successfully extended at depth gold mineralization in the Bristol and Monaco structures in the North Pit area: 3.6 g/t gold over 6 metres, including 21.5 g/t gold over 0.8 metres in the Monaco Structure Hole SM-19-012 successfully extended mineralization north of the Scadding Mine: 4.0 g/t gold over 9.4 metres, including 9.1 g/t gold and 0.02% cobalt over 0.9 metresResults for a chlorite zone intersected between 48.6 and 55.3 metres, in which visible gold was observed, remain pending;Hole SM-19-012 was stopped near the upper contact of the Bristol breccia as the significance and geological characteristics of that breccia zone were not known when the hole was drilled. “The 2019 drilling results continue to significantly expand the extensions and footprint of the high-grade gold mineralization found...