MacDonald Mines Latest Firm To Withdraw Assay Results
It appears Red Pine Exploration (TSXV: RPX) isn’t the only junior mining company having trouble with reporting accurate assay results for a gold project. MacDonald Mines Exploration (TSXV: BMK) has also now reported problems with assay results.
MacDonald has said that it has identified “inconsistencies” in certain of its assay results reported for the Scadding gold prospect, with the company indicating that nothing previously reported for the prospect – including a 43-101 technical report issued in 2019 – should be relied upon. As a result, all previously released assays for the Scadding gold project cannot be relied upon.
READ: Red Pine Exploration Indicates A Further 69 Drill Holes Had Tampered With Assay Results
A review is said to currently be underway to identify the incongruities that exist among assay results reported for the project.
The assay issues are said to impact the Scadding gold project only, and not impact the Glade and Alwyn properties.
MacDonald Mines last traded at $0.04 on the TSX Venture.
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