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Recent News+ADw-/a+AD4APA-/span+AD4APA-/p+AD4-
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+ADw-p class+AD0-MsoNormal+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia'+AD4-November
5, 2009+ADw-/span+AD4APA-/b+AD4- +ADw-/p+AD4-
+ADw-/td+AD4-
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color:+ACM-CC0000+ADs-mso-ansi-language:EN-GB'+AD4-MDN Inc./Isambara Project
Update: Drill Hole Intersects an Alteration Zone 153 Metres in
Thickness Grading 0.31 g/t Gold+ADw-/span+AD4APA-/b+AD4APA-span lang+AD0-EN-GB
style+AD0-'mso-ansi-language:EN-GB'+AD4- +ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4-
+ADw-/td+AD4-
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Georgia+ADs-mso-ansi-language:EN-GB'+AD4-MONTREAL, QUEBEC--(Marketwire - Nov.
5, 2009) - +ADw-br+AD4-
+ADw-br+AD4-
- The drillings indicate the possibility of a large gold mineralization
zone+ADw-br+AD4-
+ADw-br+AD4-
- The best results indicate grades of up to 7.66 g/t over 1 m+ADw-br+AD4-
+ADw-br+AD4-
- A second drilling phase is planned over the next few months+ADw-br+AD4-
+ADw-br+AD4-
MDN Inc. (+ACY-quot+ADs-MDN+ACY-quot+ADs-) (TSX:MDN) announces that a second drilling
program will be initiated over the next few months on the Isambara project
(Tanzania) to investigate north-western extensions of the South Zone,
particularly towards the Central Zone, in relation with the technical
information obtained during the first program, which was completed in
October.+ADw-br+AD4-
+ADw-br+AD4-
The South Zone of the Isambara project hosts a large alteration system
of epidote-chlorite-sericite and reddish alkaline-hematite which acts
as a north-west trending envelope 150 to 200 metres thickness. The
results demonstrate similarities with so-called peripheral and marginal
alteration haloes, which are generally associated with large gold
mineralizations.+ADw-br+AD4-
+ADw-br+AD4-
+ADw-/span+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia'+AD4-The first
drilling program, which included 13 holes over 2,837 metres, tested
part of the South Zone and delineated an alteration envelope 500 metres
long and 200 metres wide over a depth of up to 200 metres. Inside,
decametre-scale zones 10 to 20 metre thick yielded results varying
between 0.4 and 1.4 g/t gold, and in some instances in excess of 4 g/t
gold and up to 7.66 g/t gold over 1 metre. Holes ISDD32 and ISDD33
intersected the whole alteration envelope, making section 1015NW the
most representative geological section (see the results table for more
details).+ADw-br+AD4-
+ADw-br+AD4-
+ACY-quot+ADs-Our understanding of the geology is that we have drilled into a
gold halo associated to a granodiorite, which may result in a
significant gold mineralization commonly called gold porphyry. This
type of deposit is generally known for its low-grade mineralization
compensated by an impressive volume with peripheral quartz veins
containing high grades of gold+ACY-quot+ADs- said Marc Boisvert, P.Eng. and
Vice President, Exploration of MDN.+ADw-br+AD4-
+ADw-br+AD4-
The best grades are associated with quartz veins measuring a
centimetre-to meter-wide erratically dispersed with pyrite sulphide and
chalcopyrite traces. This mostly explains the high gold grades associated
with short widths which have been obtained in the previous drilling
programs, namely: 20.1 g/t gold over 1 m+ADs- 17.4 g/t gold over 1 m+ADs- 14.9
g/t gold over 1 m+ADs- 11.3 g/t gold over 1 m+ADs- 9.13 g/t gold over 1 m+ADs-
108.0 g/t gold over 0.9 m+ADs- etc.+ADw-br+AD4-
+ADw-br+AD4-
+ACY-quot+ADs-Understanding the geometry of the deposit enables us to progress
systematically in the identification of an economically feasible gold
mineralization and justifies the second drilling phase+ACY-quot+ADs- adds Marc
Boisvert. The geometric model of the South Z, oriented north-west with
a south-west dip, has been confirmed by the recently completed
exploration program.+ADw-br+AD4-
+ADw-br+AD4-
Located 28 km north of the Tulawaka gold mine, the Isambara project is
wholly owned by MDN and covers an area of 40 km2.+ADw-br+AD4-
+ADw-br+AD4-
The samples were analysed by fire assay at the SGS Laboratory of
Mwanza, Tanzania, which is certified according to international
standards. A rigorous quality analysis verification program implemented
by MDN included 20+ACU- control samples. The technical and scientific
information contained in this press release have been reviewed by Marc
Boisvert, P.Eng. and Vice President, Exploration, who acts as a
qualified person in accordance with National Instrument 43-101.+ADw-br+AD4-
+ADw-br+AD4-
MDN is a mining exploration and development company with adequate
financial resources to develop its very promising projects in Quebec
and Tanzania. It remains active in the search for new business
opportunities with a view to increasing shareholders' equity. In
addition to its 30+ACU- interest in the Tulawaka project, MDN holds a
majority interest in exploration licenses totalling 621 square
kilometres around the Tulawaka gold mine in Tanzania, and holds a
28.75+ACU- interest in a niobium and tantalum resource, in accordance with
the provisions of NI 43-101, located in the Lac St-Jean area, Quebec.+ADw-br+AD4-
+ADw-br+AD4-
Forward-looking statements+ADw-br+AD4-
+ADw-br+AD4-
All statements in this release, other than statements of historical
facts, that address events or developments that the Company expects to
occur, are forward-looking statements. Although the Company believes
the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in
forward-looking statements. Factors that could cause the actual results
to differ materially from those in forward-looking statements are
discussed in greater detail in the Company's most recent Annual
Information Form filed on SEDAR, which also provides additional general
assumptions in connection with these statements. Investors and others
who base themselves on the Company's forward-looking statements should
carefully consider the factors mentioned in the Annual Information Form
as well as the uncertainties they represent and the risk they entail.
The Company believes that the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this press release should not be
unduly relied upon. These statements speak only as of the date of this
press release.+ADw-br+AD4-
+ADw-br+AD4-
A table is available at the following address: +ADw-a
href+AD0AIg-http://media3.marketwire.com/docs/tfff.pdf+ACI- target+AD0AIgBf-parent+ACIAPg-http://media3.marketwire.com/docs/tfff.pdf+ADw-/a+AD4APA-/span+AD4-
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width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-mso-cellspacing:.7pt+ADs-background:white+ADs-
mso-padding-alt:7.5pt 7.5pt 7.5pt 7.5pt'+AD4-
+ADw-tr style+AD0-'mso-yfti-irow:0+ADs-mso-yfti-firstrow:yes'+AD4-
+ADw-td width+AD0AIg-100+ACUAIg- style+AD0-'width:100.0+ACUAOw-padding:7.5pt 7.5pt 7.5pt 7.5pt'+AD4-
+ADw-p class+AD0-MsoNormal+AD4APA-b+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia+ADs-
color:+ACM-CC0000'+AD4-CONTACT INFORMATION:+ADw-/span+AD4APA-/b+AD4- +ADw-/p+AD4-
+ADw-p+AD4APA-span style+AD0-'font-size:10.0pt+ADs-font-family:Georgia'+AD4-Paul-A. Girard+ADw-br+AD4-
President and CEO+ADw-br+AD4-
514-866-6500+ADw-br+AD4-
+ADw-br+AD4-
or+ADw-br+AD4-
+ADw-br+AD4-
Marc Boisvert, P.Eng.+ADw-br+AD4-
Vice President, Exploration+ADw-br+AD4-
514-866-6500+ADw-br+AD4-
+ADw-br+AD4-
or+ADw-br+AD4-
+ADw-br+AD4-
Richard Corbo+ADw-br+AD4-
Business Development+ADw-br+AD4-
514-866-6500+ADw-br+AD4-
+ADw-a href+AD0AIg-http://www.mdn-mines.com+ACI- target+AD0AIgBf-parent+ACIAPg-www.mdn-mines.com+ADw-/a+AD4APA-br+AD4-
+ADw-br+AD4-
or+ADw-br+AD4-
+ADw-br+AD4-
Sun International Communications+ADw-br+AD4-
Nicole Blanchard+ADw-br+AD4-
Managing Partner+ADw-br+AD4-
450-973-6600+ADw-br+AD4-
+ADw-a href+AD0AIg-mailto:Nicole.blanchard+AEA-isuncomm.com+ACIAPg-Nicole.blanchard+AEA-isuncomm.com+ADw-/a+AD4APA-br+AD4-
+ADw-a href+AD0AIg-http://www.suninternationalcommunications.com+ACI- target+AD0AIgBf-parent+ACIAPg-www.suninternationalcommunications.com+ADw-/a+AD4APA-/span+AD4APA-/p+AD4-
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MDN Inc
|
|
PRODUCTEUR |
CODE : MDN.TO |
ISIN : CA55276L1040 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
MDN. est une société de production minière d'or et de cuivre basée au Canada. MDN. détient divers projets d'exploration au Canada. Son principal projet en production est TULAKAWA MINE en Tanzanie et ses principaux projets en exploration sont LAC SHORTT, DES MÉLOIZES, CLAIRY, LE TAC, LESPERANCE, MATAGAMI, MCGOLD et CREVIER au Canada et IKUNGU en Tanzanie. MDN. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 5,2 millions CA$ (4,0 millions US$, 3,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 11 octobre 1996 à 2,15 CA$, et son plus bas niveau récent le 24 décembre 2015 à 0,01 CA$. MDN. possède 114 660 000 actions en circulation. |