Survey Highlights:
ALS GoldSpot Discoveries Ltd. (“ALS GoldSpot”) has identified 5 high priority gravity targets potentially representing zones of iron-rich alteration associated along the prospectiveMcLaren Lake Fault Zone (“MLFZ”) (see Figure 1) by integrating MacDonald Mines’ newly completed Alwyn gravity survey with regional magnetic surveys- All anomalous gravity high zones are spatially associated to the MLFZ, as well as intersections of structural lineaments that provide the primary plumbing for mineralizing fluids in this system.
- A 250 m long, northwest trending positive gravity target was identified immediately adjacent to the 2022 Alwyn drilling
- Combined with observations of increasing iron enrichment at depth with the persistence of Cu mineralization in drilling, this anomaly supports the hypothesis for a zone of iron-rich alteration with potential to host Iron-Oxide-Copper-Gold (“IOCG”) mineralization at Alwyn.
- Magnetic lows highlighted by ALS GoldSpot’s MinusONE inversion methods outline possible regions of strong albitization associated with the MLFZ
Figure 1. Gravity survey results from ALS GoldSpot’s inversion.
The 321.9 Ha gravity survey positioned along the 2.5 km
The results of the survey will now be integrated into ALS GoldSpot’s machine learning technology to generate additional targets for future drilling and exploration beyond what we have already planned.
Figure 2. Polymetallic mineralization along the
About
MacDonald Mines is a Canadian gold and base metal exploration company focused on exploring its 100%-owned, 19,720ha (197km2)
Qualified Person
Jean-François
Forward-Looking Statements
This news release may contain certain “forward looking statements.” Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
To learn more about MacDonald Mines, please visit www.macdonaldmines.com
For more information, please contact:
Phone: +1 (416) 364-7024
Email: gromain@macdonaldmines.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/17f90559-0802-431f-9a85-7d9d76675c56
https://www.globenewswire.com/NewsRoom/AttachmentNg/3c8a1206-ce50-469a-b868-3b689872086f
Figure 1.
Gravity survey results from ALS GoldSpot’s inversion.
Figure 2.
Polymetallic mineralization along the McLaren Lake Fault Zone and location of Alwyn gravity survey.
2023 GlobeNewswire, Inc., source