MacDonald Mines Exploration Ltd

Published : September 22nd, 2008

Recommences Drilling Program on 5 Project Areas in Ring of Fire; Employs Advanced Modeling Process o

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MacDonald Mines Recommences Drilling Program on 5 Project Areas in Ring of Fire; Employs Advanced Modeling Process of Targets

TORONTO, September 22, 2008 - MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) ("MacDonald" or the "Company") is pleased to announce it has re-commenced it's 2008 drill program, focusing on multiple priority geophysically defined targets across five project areas in the "Ring of Fire" District of the James Bay Lowlands. The drill program will operate through to the end of October 2008, with approximately 40 holes and approximately 8,000 metres drilled by program end.

The drill program was paused at Labour Day weekend in order to give drill and camp personnel a much-needed rest and catch up on core logging and sampling. Core from August drilling has been sent to the labs for analysis.

Drill Location Update

Drilling began, and is still ongoing, on MacDonald's 100% owned McNugget Property. The drill is scheduled to move to the next project zone as early as next week once remaining targets have been drilled. The next project zone will be "Wellington". The Company has agreed to rent the Fish Basket Camp from the Summer Beaver First Nations, and will utilize this facility as a base camp for exploration on the Wellington Property. A number of high priority targets have been defined and modeled, and ready for drill testing.

Advanced Modeling Process Now Being Employed

MacDonald Mines has now fully engaged the use of an advanced modeling process that will allow the Company to identify, prioritize and drill targets without employing traditional ground geophysics. The benefits of this new modeling process are significant to MacDonald's exploration process, as it now allows the Company to efficiently locate targets at greater depths, with improved accuracy, clarity and at significantly reduced costs. 

Since employing the new computer modeling techniques, the Company has seen a dramatic increase in the percentage of successful "hits" of mineralization on the most recent holes drilled, intersecting more sulphides then the past and at greater depths. Through this modeling process, the Company has been able to verify the conductive source of its targets in every instance.

Bill Nielsen, P.Geo, is the designated qualified person for the technical information contained in this press release.

WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

For further information:

MacDonald Mines Exploration Ltd.

Brent Nykoliation, Director, Business Development
J. A. Kirk McKinnon, President and CEO
Richard Schler, Vice President & CFO
(800) 818-5442
(416) 364-4986
(416) 364-2753 (FAX)
Email: info@macdonaldmines.com
Website: www.macdonaldmines.com

Renmark Financial Communications Inc.
Neil Murray-Lyon : nmurraylyon@renmarkfinancial.com
Ryan van de Polder : rvandepolder@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com

MacDonald Mines Exploration Ltd

EXPLORATION STAGE
CODE : BMK.V
ISIN : CA5543243011
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MacDonald Mines is a silver and gold exploration company based in Canada.

MacDonald Mines holds various exploration projects in Canada.

Its main exploration properties are WORTHINGTON, BIG MAC/MACNUGGET, SPIDER #3 (MCFAULD'S LAKE), MCFAULD'S LAKE - MACDONALD and CASSON LAKE / BRUNNE STRINGER in Canada.

MacDonald Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.1 millions as of today (US$ 1.5 millions, € 1.4 millions).

Its stock quote reached its highest recent level on November 22, 1996 at CA$ 7.30, and its lowest recent point on December 09, 2022 at CA$ 0.01.

MacDonald Mines has 60 000 000 shares outstanding.

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Financings of MacDonald Mines Exploration Ltd
11/8/2012Announces Brokered Private Placement
Nominations of MacDonald Mines Exploration Ltd
10/1/2013Appoints Officers
9/13/2013. Announces Resignation of President and CEO
Project news of MacDonald Mines Exploration Ltd
8/11/2009(Mcfauld's Lake - Macdonald)James Bay Property Status and Exploration Update
4/30/2008 Adds to Land Position in James Bay Lowlands; Additional Air...
3/31/2008(Big Mac/macnugget)2,500 Metre Drill Program Underway on Big Mac Property in Ja...
3/13/2008(Big Mac/macnugget)Defines a 20km-Long Zone with Multiple Magnetic and/or Elect...
2/21/2008(Big Mac/macnugget)Intersects 112 Meters Assaying 0.18% Nickel on James Bay Low...
1/21/2008(Big Mac/macnugget) Completes First Phase of Drill Program at McNugget and Join...
Corporate news of MacDonald Mines Exploration Ltd
12/23/2015MacDonald Mines Provides Update on Audit
9/4/2015MacDonald Mines Announces Audit
2/23/2015MacDonald Mines Exploration to Exhibit at the 2015 PDAC Inte...
7/7/2014MacDonald Mines Exploration Announces Results from its Annua...
8/7/2013Announces Fall Drill Program & Results from Spring Explorati...
7/10/2013Announces Results of Annual General Meeting
5/31/2013Announces Proposed Consolidation and Advance Notice Provisio...
5/31/2013Announces Proposed Consolidation and Advance Notice Provisio...
2/21/2013Commences Drilling in James Bay's Ring of Fire
1/9/2013Readies Drill Program on Butler Property in 'Ring of Fire,' ...
9/12/2012VMS Discovery Leads Exploration Program to Larger Target and...
7/20/2011Announces Results of Annual and Special Meeting of Sharehold...
7/4/2011Closes Private Placement with HudBay Minerals and MineralFie...
6/6/2011Announces VMS Assay Results from Butler Lake Project in Ring...
5/10/2011Completes Winter Program at Butler Lake-Assays Pending; Dril...
3/17/2011Initiates Shareholder Rights Plan
2/16/2011Signs Exploration Agreement with Kasabonika Lake First Natio...
9/22/2008Recommences Drilling Program on 5 Project Areas in Ring of F...
6/19/2008Named to 2008 TSX Venture 50(TM)
5/1/2008 with Co-Discoverer of Voisey’s Bay Adds Key Ground in th...
2/15/2008Announces Agreement with MacDonald Mines Exploration Ltd.
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