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MacDonald Mines Exploration Ltd

Publié le 22 septembre 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

EXPLORATEUR
CODE : BMK.V
ISIN : CA5543243011
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MacDonald Mines est une société d’exploration minière d'argent et d'or basée au Canada.

MacDonald Mines détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont WORTHINGTON, BIG MAC/MACNUGGET, SPIDER #3 (MCFAULD'S LAKE), MCFAULD'S LAKE - MACDONALD et CASSON LAKE / BRUNNE STRINGER au Canada.

MacDonald Mines est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 2,4 millions CA$ (1,7 millions US$, 1,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 22 novembre 1996 à 7,30 CA$, et son plus bas niveau récent le 09 décembre 2022 à 0,01 CA$.

MacDonald Mines possède 60 000 000 actions en circulation.

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Financements de MacDonald Mines Exploration Ltd
08/11/2012Announces Brokered Private Placement
Nominations de MacDonald Mines Exploration Ltd
01/10/2013Appoints Officers
13/09/2013. Announces Resignation of President and CEO
Projets de MacDonald Mines Exploration Ltd
11/08/2009(Mcfauld's Lake - Macdonald)James Bay Property Status and Exploration Update
30/04/2008 Adds to Land Position in James Bay Lowlands; Additional Air...
31/03/2008(Big Mac/macnugget)2,500 Metre Drill Program Underway on Big Mac Property in Ja...
13/03/2008(Big Mac/macnugget)Defines a 20km-Long Zone with Multiple Magnetic and/or Elect...
21/02/2008(Big Mac/macnugget)Intersects 112 Meters Assaying 0.18% Nickel on James Bay Low...
21/01/2008(Big Mac/macnugget) Completes First Phase of Drill Program at McNugget and Join...
Communiqués de Presse de MacDonald Mines Exploration Ltd
23/12/2015MacDonald Mines Provides Update on Audit
04/09/2015MacDonald Mines Announces Audit
23/02/2015MacDonald Mines Exploration to Exhibit at the 2015 PDAC Inte...
07/07/2014MacDonald Mines Exploration Announces Results from its Annua...
07/08/2013Announces Fall Drill Program & Results from Spring Explorati...
10/07/2013Announces Results of Annual General Meeting
31/05/2013Announces Proposed Consolidation and Advance Notice Provisio...
31/05/2013Announces Proposed Consolidation and Advance Notice Provisio...
21/02/2013Commences Drilling in James Bay's Ring of Fire
09/01/2013Readies Drill Program on Butler Property in 'Ring of Fire,' ...
12/09/2012VMS Discovery Leads Exploration Program to Larger Target and...
20/07/2011Announces Results of Annual and Special Meeting of Sharehold...
04/07/2011Closes Private Placement with HudBay Minerals and MineralFie...
06/06/2011Announces VMS Assay Results from Butler Lake Project in Ring...
10/05/2011Completes Winter Program at Butler Lake-Assays Pending; Dril...
17/03/2011Initiates Shareholder Rights Plan
16/02/2011Signs Exploration Agreement with Kasabonika Lake First Natio...
22/09/2008Recommences Drilling Program on 5 Project Areas in Ring of F...
19/06/2008Named to 2008 TSX Venture 50(TM)
01/05/2008 with Co-Discoverer of Voisey’s Bay Adds Key Ground in th...
15/02/2008Announces Agreement with MacDonald Mines Exploration Ltd.
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