Tundra to conduct airborne survey of MacDonald's Wawa-Holdsworth Project, Canada
Canada-based MacDonald Mines Exploration has contracted Tundra Airborne Surveys to undertake an airborne geophysical assessment of the Wawa-Holdsworth Project in Ontario.
The survey is slated to begin this month with the final maps and report to be submitted to MacDonald Mines three weeks after survey completion.
MacDonald Mines president and CEO Quentin Yarie said: “The airborne geophysical survey will allow us to quickly evaluate the extent of the oxide sands so we can focus the upcoming field season on exposing and mapping as much of the oxide sands as possible and assess their economic viability.
“The survey will also provide structural information on the gold-bearing quartz-carbonate veins that are hosted within the greenstones.”
Spread over 285ha, the project contains 18 fee simple absolute patented claims and also includes surface and mining rights.
Oxide sands are understood to be available from the weathering of an auriferous and pyritized Algoma-type iron formation that has been detected on the property over a 2km-long strike length.
Alongside launching a trenching programme to map and confirm the Oxide Sands' strike length and thickness, MacDonald Mines also started a bulk sampling programme and began metallurgical testing of oxide sands to recover the maximum possible amount of gold and silver.
The company has reported that near-term exploitation of the oxide sands will provide strong enough cash-flow to proceed with exploration of the property's remaining gold targets.