NR j/v drilling to commence
posted on
Mar 25, 2010 10:57AM
Yes, a BIG HIT and only more big hits are coming
Drill Program to Commence on the Hawk/MacDonald – McNugget JV Property, McFauld’s Lake Area Toronto, March 25, 2010 (“Hawk”) has been
advised by its joint venture partner, MacDonald Mines Exploration Ltd (“MacDonald” – TSX.V: BMK
that a drill program, targeting nickel and VMS style mineralization, will commence on the Hawk/MacDonald Joint Venture - McNugget Property, in the Ring of Fire area, James Bay Lowlands, in late March, 2010. The Hawk/MacDonald - McNugget JV Property (MacDonald (63.25%) and Hawk (36.75%) is comprised of 6 contiguous mining claims (approximately 3,840 acres) and is enclosed within the larger MacDonald McNugget claim block. MacDonald Mines is the operator and all exploration work will be conducted by MacDonald contractors. A reinterpretation of previous unexplained anomalous electromagnetic conductors was conducted on Property and these have been interpreted as possible hosts for nickel sulphide (Ni-Cu-PGM) and VMS (Cu-Zn-Ag) targets. The drill program will be managed by Quentin Yarie, P.Geo – the new Vice President of Exploration for MacDonalds, and assisted by consulting geologists Hadyn Butler, P.Geo and Dr. Larry Hulbert, P.Geo. The drill program is budgeted to conduct approximately 4,400 metres of drilling on the entire McNugget Property, which includes the HUI/BMK joint venture project. A borehole geophysical survey of all diamond drill holes is also part of the drill program. Hawk is pleased to partner with MacDonald Mines in the 2010 exploration season in the ‘Ring of Fire’ area of Northern Ontario. Five Year Exploration Agreement with Webequie First Nation: Additionally, MacDonald Mines also announced (see news release of March 24, 2010) the signing of an exploration agreement with the WFN. Details and terms of the agreement will be filed on SEDAR at www.sedar.com