MacDonald Mines Provides Update on Exploration Program at Holdsworth

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Wawa-Holdsworth Project

TORONTO, ONTARIO – (Marketwired) – MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) (“MacDonald Mines”, or the “Company”) has begun an exploration program at its Wawa-Holdsworth Gold Project near Wawa, Ontario.

Havenan Brothers completed 62 kilometres of line cutting at the Wawa-Holdsworth Project in order to conduct magnetic and electromagnetic surveys on the property. The Company intends to utilize this data to map, model and highlight prospective drill targets.

The Wawa-Holdsworth Project is comprised of 18 contiguous patented mining claims covering approximately 285 hectares, located 20 kilometres northeast of Wawa, Ontario.

Three gold targets have been identified on the property:

  • Lode Gold in traditional quartz veins, known as the “The Soocana Vein”,
  • an oxidized cap at surface developed over a massive pyrite zone (Algoma Iron Formation) known as the “The Oxide Sands”, and
  • the precursor to the Oxide Sands – a massive pyrite zone (Algoma Iron Formation) at depths, known as “The Massive Sulphide”.

The Company believes that there is potential to find additional high-grade gold mineralization at the Wawa-Holdsworth Project.

Holdsworth Project

Prospectors and Developers Association of Canada (“PDAC”) Convention

Investors are invited to visit booth #2512 on March 5-8, 2017, to meet with MacDonald’s management and staff to discuss the Company’s recent activities and projects.

Qualified Person

Quentin Yarie, P Geo. is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

About MacDonald Mines Exploration Ltd.

MacDonald Mines Exploration Ltd. is a mineral exploration company headquartered in Toronto, Ontario, Canada. Previously focused on Copper and Zinc (VMS), and Nickel exploration in the Ring of Fire area of the James Bay Lowlands of Northern Ontario, the company recently acquired the Charlevoix Silica Property in Quebec and entered into an option and joint venture agreement with Noble Mineral Exploration Inc. to advance exploration on Noble’s Wawa-Holdsworth Gold and Silver Project in Ontario.

The Company’s common shares trade on the TSX Venture Exchange under the symbol “BMK”.

To learn more about MacDonald Mines, please visit www.macdonaldmines.com.

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