Surface Exploration On The Ashigami Cu-Au Occurrence

TORONTO — MacDonald Mines Exploration Ltd. reported new surface exploration results from the Ashigami Cu-Au occurrence, 4.5 Km SE of the historic Alwyn Mine, both located along/adjacent to the McLaren Lake Fault Zone (MLFZ) on its SPJ Property near Sudbury, Ontario.

New grab samples from Ashigami blast pit containing 1.00 to 6.45 g/t gold, 3.11 to 5.55 % copper and 133 to 211 ppm cobalt. Mineralization consists primarily of chalcopyrite with pyrite within dense multidirectional networks of quartz-carbonate veins, hosted in Gowganda formation sediments, and very comparable to veining and mineralization observed in the Alwyn Cu-Au trend. Located 4.5 km southeast of the historic Alwyn Mine and adjacent to the prospective MLFZ, Ashigami Cu-Au occurrence may represent a broader extension of the mineralized system observed along the Alwyn Cu-Au trend drilled in 2022.

Greg Romain, President & CEO, said, “Following our 2022 drilling success in the Alwyn Cu-Au trend, we started to re-examine the showings and occurrences along the MLFZ to test for the presence of Cu-Au mineralization comparable to the Alwyn trend. This initial surface work at the Ashigami showing revealed the presence of Cu-Au-Co mineralization that is comparable to what is observed in the Alwyn Cu-Au trend 4.5 km to the northwest and is suggesting a larger footprint than originally anticipated for polymetallic Cu-Au-Co mineralization along the MLFZ”. Location of Ashigami Cu-Au-Co occurrence relative to the historic Alwyn Mine and 2022 drilling.