approx. 40 holes should be done by now.
posted on
Oct 31, 2008 11:07AM
Yes, a BIG HIT and only more big hits are coming
Please see press release below. I like the part about the "dramatic increase in successful "HITS". Same players that bought into Noront also bought into BMK. If they reported anything great regarding their hits it would have driven Noronts price up. Now that they are on the board of Noront and accomplished what they were after (at least 50%), I wonder if the so called HITS will be detailed soon? Could be why we see a increase in activity and yesterday's price increase.
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.
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.