Posted in | Gold | Mining Business

MacDonald Mines Receives Assay Results from Golden Goose Discovery

MacDonald Mines Exploration Ltd. announces it has received assay results from the recent ground sampling of its 2016 Golden Goose discovery, the Soocana Vein, and of the Oxide Sands at its Wawa-Holdsworth Project.

Highlights from the Sampling Program:

  • Grab samples, collected from the Golden Goose Discovery, contain 11.85 g/t and 2.98 g/t gold* and support the presence of reproducible gold grades along the newly discovered gold-bearing structure
  • A bulk composite sample of the Oxide Sands composed of 4 different locations returned 0.15 g/t platinum, and 0.36 g/t palladium, in addition to the average grade of 5.45 g/t gold previously reported (see May 16, 2017 News Release)
  • 2 kg oxide sand samples contain up to 59.8 g/t silver* (see Table 1 below)
  • A grab sample from a quartz-tourmaline vein in the Soocana Vein System contains 34.9 g/t gold*

*The reader is cautioned that grab samples are selected samples and may not be representative of the mineralization hosted on the property

Table 1. Gold and silver grades from collected grab samples

Description

Gold g/t

Silver g/t

Black Sands Area A

3.09

38.8

Black Sands Area A

2.71

49.7

Black Sands Area A

3.05

59.8

Black Sands Area BE

6

24.1

Black Sands Area BE

5.62

30.7

Quentin Yarie, MacDonald's President and CEO commented: "The large deformation and alteration corridor on the Holdsworth property hosts many known zones of gold mineralization. These results confirm that our Golden Goose Discovery is another potentially important gold-bearing structure on the property. Furthermore, the discovery of high-grade silver, platinum and palladium in the Oxide Sands, in addition to the anomalous gold content, makes the Oxide Sands an even more prospective target on our Wawa-Holdsworth Project."

Source: http://www.macdonaldmines.com/

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