09:08 AM EDT, 07/13/2017 (MT Newswires) -- MacDonald Mines Exploration (BMK.V) -- a mineral exploration company headquartered in Toronto -- on Thursday announced assay results from recent ground sampling of the newly acquired Reed Booth Vein.

Results show grab sample containing 13.7 g/t gold collected adjacent to the Reed Booth and grab samples containing 4.77 g/t and 6.0 g/t gold collected from float at the main Reed-Booth showing.

Chief Executive Officer Quentin Yarie said: "Confirmation of the gold-bearing structure associated with the Reed-Booth adds an additional exploration target for the company. We will continue to prospect the area both for lode gold type targets as well as the extension of the oxide sands which represents MacDonald Mines' goal of being a near term producer."

Stocks of MacDonald climbed 5.3% to $0.10 apiece on Wednesday.

Price: 0.10, Change: 0, Percent Change: 0