MDN is pleased to inform its shareholders and the financial community that it is about to start an exploration program on its wholly-owned Samaqua property. The property is located north of Girardville in the Saguenay-Lac-Saint-Jean region of Québe, close to the Crevier project. Work will consist of a helicopter-borne geophysical survey and an induced polarization ground survey on a circular anomaly. MDN plans to carry out about 1,500 metres of drilling on the target once the geophysical surveys are complete. The goal of the exploration program is to confirm the presence of a carbonatite or an alkaline system with the potential to host niobium/tantalum mineralization. ... [...]
MDN is pleased to announce the appointment of Mr. Jean-Sébastien David and Mr. Claude Dufresne as directors of the company. Born in the Saguenay-Lac-St-Jean region, Mr. David held the position of Chief Operating Officer of Arianne Phosphate , a company working on the development of the mining project Lac au Paul in the Saguenay region. Before joining Arianne Phosphate, Mr. David was Vice President Sustainable Development of Osisko Mining (2007-2012) where he was instrumental in obtaining the authorizations for the construction and the development of the Canadian Malartic Project. His experience with Arianne Phosphate ... [...]
MDN reports that it has completed the interpretation of 2013 field work done on the Ikungu East property. The mapping, prospecting and ground magnetic survey reveal that the volcanic belt discovered by MDN in 2012 is indeed the extension eastward of the Ikungu project, futhermore soil geochemistry surveys identify two areas where soils are enriched [...]
MDN is pleased to announce the appointment of Mr. Claude Dufresne as President and CEO effective today. Seasoned professional recognized worldwide for its expertise in the niobium market, Mr. Dufresne was responsible for the sales and marketing of ferro- niobium produced by the Niobec mine from 2001 to 2012. He also developed a knowledge and [...]
MDN reports that it has completed the interpretation of field work done on the Nikonga property in 2013. The results indicate that the 2012 drill discoveries are part of a single gold-bearing system 2.0 km in diameter. A combination of a geochemical soil survey and a soil acidity survey has delineated a circular gold/copper/molybdenum-enriched zone [...]
MDN announces that it and Tanzania Minerals Corp. have mutually decided to not enter into a definitive agreement to jointly explore and develop the Ikungu gold project in Tanzania. As a result both parties have decided to let the Letter of intent dated October 15, 2013 expire. MDN Inc. is a mining exploration and development company with properties [...]
MDN reports to its shareholders that African Barrick Gold plc, the project operator at the Tulawaka gold mine in Tanzania has reached an agreement with STAMICO, the Tanzanian State Mining Corporation, whereby STAMICO will acquire the Tulawaka Gold Mine and certain exploration licenses surrounding Tulawaka for consideration of US$4.5 million and the [...]
MDN is pleased to announce that it is in a position to develop a new production scenario and enhance the economic feasibility of the Crevier project. Positive metallurgical results and the strengthening of niobium and tantalum markets since 2010 have allowed for a scenario where production is increased from 4,000 to 6,000 tonnes per day and [...]
MDN is pleased to announce the signature of a letter of intent with Tanzania Minerals Corporation, pursuant to which MDN is granting an option to TZM to acquire a 50% undivided interest in its interest in the prospecting licences of the Ikungu property to TZM. The Ikungu property covers 17.9 km2 and lies 17 km southwest of Musoma and 135 km [...]
