MacDonald Mines Exploration Ltd.

03:10 PM EST - MacDonald Mines Exploration Ltd. : Announced results from two diamond drill holes completed last fall at its SJP property, 40 kilometres east of Sudbury, Ontario. Both drill holes intersected a wide breccia zone in the Bristol Structure, outside and west of the historic Scadding Deposit, that hosts cobalt and gold mineralization. The cobalt and gold grades, and the intensity of brecciation are comparable to and appear to increase southward towards the Long Trench Breccia 4 kilometres to the south. MacDonald Mines Exploration Ltd. shares V.BMK are trading down $0.01 at $0.08.