This is interesting to note. This property is located I believe guessing, Southwest of East Bull Lake. The stock is currently halted.
Toronto, Ontario --
MacDonald Mines Exploration Ltd. (CDNX-MMP.A) ("MacDonald") is
continuing the compilation of all data derived from previous
exploration work on the Casson Lake property. Laboratory
analysis of numerous metallurgical samples have indicated
platinum group element (PGE) mineralization within a linear
intrusive feature traversing the property along a more than 5,000
meter strike length. Samples containing elevated PGE's generally
evidenced 3.5 parts palladium to 1 part platinum. There is no
information on the content of rhodium, iridium or ruthenium in
these samples, as tests to determine these data were not
undertaken. However, there is some evidence to suggest that
iridium was found in significant concentrations in at least one
mineralized occurrence within the feature. Combined palladium
and platinum values of from 2 to 5 grams per tonne are regularly
evidenced, and anomalous samples exceeded 8 grams per tonne.
Significant gold values, up to 35 grams per tonne and more, occur
in proximal relationship with the PGE mineralization. All but a
few of the samples, were recovered from at-surface prospecting
programs. Further assessments of the existing data will be
reported, as their compilation progresses. In the context of
palladium prices currently approaching US$800 per ounce, and a
growing demand substantially exceeding both present and
foreseeable supply, there appears to be quite compelling evidence
to suggest the property may prove to harbour an economic mineral
occurrence. The 37 unit claim group is near Whitefish Falls,
Ontario, within economic trucking distance (74 kilometers) to
smelters at Sudbury.
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For further information:
Mario A. Miranda
MacDonald Mines Exploration Ltd.
Tel: (416) 865-1625
Fax: (416) 865-9386
www.macmines.com
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