HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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MacDonald Mines Provides Update on its Ring of Fire Semple-Hulbert Property: Assay Results Pending

Highlights:

  • Multiple semi-massive to massive sulphides of 1 to 2 metres in thickness have been encountered
  • Additional geophysical targets identified using surface magnetics and Crone pulse EM
  • Assay results for Semple-Hulbert expected by early September, 2011
  • Numerous vanadium rich gabbro layers with significant thickness were encountered
  • Olivine-bearing, magnetic gabbros were intersected

Following initial assay and geophysical results the spring/summer program was completed in August. The company is currently reviewing all data as it awaits final assays, which will allow for both additional geological and geophysical interpretation.

http://www.marketwire.com/press-release/macdonald-mines-provides-update-on-its-ring-fire-semple-hulbert-property-assay-results-tsx-venture-bmk-1554135.htm

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