MDN Inc.: VMS Context Confirmed by Drilling at Des Meloizes
08:30 EDT Tuesday, April 15, 2008
MONTREAL, QUEBEC--(Marketwire - April 15, 2008) - MDN Inc. ("MDN")(TSX:MDN) is pleased to release the results on a drill program completed in February on the Des Meloizes property, covering 4,413 hectares at about 2 km southeast from the Normetal mine (Abitibi).
The mineralised horizon of the old Normetal mine is well identified on a distance of at least 5 km inside Des Meloizes at proximity from the Normetal regional fault. A drill program of 11 diamond drill holes (DDH) totaling 4,210m targeted InfiniTEM anomalies from a survey completed in 2007 located north of the Normetal mine horizon that were interpreted as favourable to the presence of volcanogenic massive sulphides (VMS) poly-metallic deposits. All drill holes but two could be surveyed with down-hole InfiniTEM to locate anomalies near the drill holes.
The drill holes confirmed the VMS potential of Des Meloizes with an identified favourable geological context and, amongst others, an intersection of 4.5m @ 1.05% Zn. The surface EM anomalies are explained by the presence of graphitic argillites, sometimes carbonated, mineralized in pyrite near the Normetal deformation zone or by the presence of sulphides within felsic volcaniclastics for holes below the zone.
Downhole InfiniTEM anomalies identified three new off-hole anomalies and two deeper anomalies that will deserve follow-up drilling.
With this program, MDN fulfilled its $500,000 commitment to acquire 50% of the property from its owner, SOQUEM, also the operator of the exploration program. Additional work is planned in 2008 at Des Meloizes. The exploration program was carried under the supervision of Yvon Trudeau, geological engineer, from SOQUEM. Ted Goettel, geologist, qualified person under NI 43-101, reviewed for MDN the data provided by the operator and the press release. All samples were analyzed at the Ste-Germaine Techni-lab laboratory.
MDN Inc. is a Montreal-based Canadian exploration company that holds a 30% participation in the Tulawaka Gold Mine (Tanzania). Its main exploration activities are carried out in Quebec through gold and base metal interests and in Tanzania through a majority interest in 28 adjacent mineral licenses in addition to a 30% interest in the Tulawaka Gold Mine.
SOQUEM is a wholly-owned subsidiary of Societe generale de financement du Quebec ("SGF"). The SGF, the Quebec industrial and financial holding company, has as its mission to undertake economic development projects in the industrial sector in cooperation with partners and in compliance with the economic development policies of the Government of Quebec.
FOR FURTHER INFORMATION PLEASE CONTACT:
MDN
Paul-A. Girard
President and CEO
514-866-6500 |
