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Targeting multi-million high-grade oz. in Quebec

Windfall Lake Property, located near Val d'Or, Quebec: Indicated 538,000 oz. (10.05 gpt) / Inferred 822,000 oz. (8.76 gpt) (July 2012)

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Message: Re: Patience grasshopper
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May 28, 2010 08:27AM
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May 28, 2010 11:28AM

Yes bossy, drill results from sask our in and waiting to be told, On or about may 3 they did a test to pin point were the goods are ...... read below it will help you.....

Five Year Exploration Agreement with Webequie First Nation

Richard Schler, the COO & CFO of MacDonald Mines along with key members of the management team responsible for exploration, operations and business development met with Chief Wabasse, council and the community on March 19, 2010 in Webequie.

A presentation outlining the Company's operating principles and exploration plans was given to the community in a town hall type meeting. The meeting concluded with the signing of an exploration agreement which replaced the existing agreement signed in December 2007, followed by a community luncheon. MacDonald Mines has been actively involved with the WFN since 2004 and looks forward to continuing the close working relationship it has established with the WFN. The agreement was modeled after the recent agreement signed between WFN and Tribute Minerals Inc.

Kirk McKinnon, President & CEO commented, " We would like to thank the Chief, council and the community for once again inviting us to meet with them in Webequie. The signing of this agreement is an indication of the continued mutual respect and trust between MacDonald Mines and the people of the WFN and demonstrates the Company's continued commitment in the region."

Details and terms of the agreement will be filed on SEDAR at www.sedar.com.

Targeting Chromite on Big Mac and Hornby Properties

Earlier this month, the Company conducted a gravity survey for chromite targets on its Hornby Property (jointly owned with Temex Resources) and it's 100%-owned Big Mac Property. Based upon the review of its land holdings and historic data, MacDonald Mines has begun a drill program concentrating on the chromite potential of both these properties. The drill program will focus on localized gravity anomalies in close proximity to magnetic highs. The budgeted drill program on the Big Mac and Hornby Properties will be approximately 1,200 metres and 1,600 metres respectively.

Targeting Nickel and VMS on McNugget Property

MacDonald Mine's McNugget Property has been interpreted to host nickel sulphide (Ni-Cu-PGM) and VMS (Cu-Zn-Ag) targets of significance. The targets within the property have been prioritized (geological and geophysical evaluations) and a drill program on the McNugget Property will follow immediately after the current program on Big Mac and Hornby. The drill program is budgeted for approximately 4,400 metres of drilling including a borehole geophysical survey of all diamond drill holes ("DDHs).

A drill program was completed on MacDonald Mines Exploration's Big Mac West Property between Sept 20th and October 8th, 2009. A total of 1,081.6 metres of BTW sized drilling was completed in eight drill holes ranging from 82.3 metres to 235.2 metres in depth. While five of the holes intersected sulphide mineralization, these intersections are not interpreted to be sufficient to explain the observed geophysical response, and therefore it is not believed that these holes intersected the target(s) of interest. The remaining three holes intersected varying amounts of what is believed to be ferric chromite mineralization - "brown magnetite". These intersections will be re-analyzed using a chromium specific procedure along with an analysis for PGM concentrations.

Quentin Yarie, P.Geo., is the qualified person in regard to the technical data contained within this news release and will be responsible for overseeing all aspects of the Company's exploration programs. This should bring you up to date.

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