Toronto, Might 24, 2024 (GLOBE NEWSWIRE) — Macdonald Mining Exploration Ltd. (TSX: BMK, OTC: MCDMF) (McDonald Mines or firm) Inconsistencies have been recognized with sure assay outcomes for the Scadding gold prospect, which assay outcomes have been beforehand publicly introduced through press releases and may additionally be disclosed or utilized in sure different disclosure paperwork, such because the Nationwide Instrument 43-101 Technical Report on Scadding The gold venture date is October 18, 2019.
The corporate is conducting an in depth evaluation and comparability of assay outcomes from the Scadding gold venture with the corporate’s disclosure paperwork to determine and quantify the extent of any inconsistencies.
These inconsistencies are restricted to the Scadding Gold venture, which isn’t the corporate’s flagship venture and doesn’t have any sources related to it. Properties in Glade and Alwyn are usually not affected.
The corporate will present well timed updates on market circumstances as additional data turns into out there.
About Macdonald Mining Exploration Ltd.
MacDonald Mines is a Canadian exploration firm targeted on the exploration for vital and treasured metals within the metasomatic iron alkali calcium (MIAC) mineral system of its 100%-owned 19,720 hectare (197.2 km2) SPJ Venture. The MIAC system is finest recognized for internet hosting IOCG and affiliated deposits. The mine is positioned 20 kilometers southeast of the prolific Sudbury mining camp in northern Ontario. The corporate’s major exploration focus is polymetallic and iron-poor to probably iron-rich Ag-Au-Cu-Co properties and prospects alongside the Lake McLaren fault system, together with the Alwyn Cu-Au-(Ag-Co) pattern and Ashigami Co-Cu-Au exhibits, and an iron-rich to iron-poor Glade Au pattern is believed to have gold mineralization corresponding to the Scadding deposit. As well as, nickel, cobalt, and platinum group components could also be current within the Nipissing rock mass exhibited at Candore, Jerome, and Glade throughout the SPJ venture.
on behalf of the board of administrators
Mike England_________Mike England, Interim CEO and Director
For extra data, please contact: Cellphone: 1-604-683-3995 Toll Free: 1-888-945-4770
Electronic mail: mike@engcom.ca
forward-looking statements
This press launch might include sure forward-looking statements. Ahead-looking statements contain recognized and unknown dangers, uncertainties, assumptions and different elements that will trigger the Firm’s precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Any forward-looking statements communicate solely as of the date of this press launch, and the Firm disclaims any intention or obligation to replace any forward-looking statements, whether or not because of new data, future occasions or, besides as could also be required by relevant securities legal guidelines. outcomes or in any other case.
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
Supply: Macdonald Minerals Exploration Ltd.
