Aug 27, 2012 (ACCESSWIRE-TNW via COMTEX) — TORONTO, CANADA – August 27, 2012 – Mr. Thomas Skimming, CEO of MacMillan Minerals Inc., /quotes/zigman/10214476CA:MMX+14.29% is pleased to announce that the Company has completed the SEDAR filing of its Unaudited Financial Statements for the nine month period ended June 30, 2012 and the accompanying Management Discussion and Analysis.
Highlights include:
As at June 30, 2012:
Cash – $198,505
Liquid assets – $235,219
Shares issued and outstanding – 54,427,375
For the nine months ended June 30, 2012:
Expenses – $276,341 (excluding exploration expenditures and non cash stock based compensation)
Exploration expenditures – $525,599
The Company was successful in obtaining a TSX Venture listing effective May 23, 2012.
The Company has been actively exploring the Las Cucharas Project in Mexico. The Company has completed three diamond drill holes in May and June for 185.15 metres, 212.0 metres, and 145.4 metres respectively at the La Raizura Target; two diamond drill holes in June for 120.9 metres and 89.0 metres respectively at the El Molino Target; and one diamond drill hole in July for 65.5 metres at the La Azurita Target.
Results from these six diamond drill holes totalling 817.95 metres of diamond drilling are scheduled for release in September once they have been compiled and reviewed.
MacMillan is an exploration company with a focus on gold and silver exploration on numerous properties in Mexico. Additional information on the Company can be viewed at www.sedar.com
For additional information, contact: Tel: (416) 867-1101 Fax: (416) 867-1222
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
