MDN Announces an Exploration Program on the Samaqua Property
June 18 2014 - 8:28AM
Marketwired
MDN Announces an Exploration Program on the Samaqua Property
MONTREAL, QUEBEC--(Marketwired - Jun 18, 2014) - MDN Inc.
(TSX:MDN) (the "Company") 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 Québec, Canada, 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.
The Samaqua property covers a magnetic geophysical response
similar to the one associated with Niobec Inc.'s niobium mine. The
magnetic signature lies 23 km southeast of the Crevier deposit and
130 km northwest of the Niobec mine. The magnetic response is
circular in shape with a strong magnetic aureole surrounding a weak
magnetic core, which is identical to the magnetic response of the
Niobec mine. In the case of Niobec, the core corresponds to a
niobium carbonatite with a rare-earth-rich centre.
The circular anomaly lies at the southeastern edge of a
lineament visible on the regional geophysical survey maps of
Quebec's Ministère de l'énergie et des ressources
naturelles (see map). The northwest end of the lineament
coincides with the porphyry syenite dike that hosts the Crevier
niobium /tantalum deposit, and the southeastern extension of the
lineament could be the southeastern extension of the dike, which
would connect the two systems.
The results of interpretation suggest that the magnetic
signature to the southeast of the Crevier deposit could correspond
to other carbonatite-type mineralization with a niobium or
rare-earth centre. Furthermore, these would be related to the
Crevier deposit by the lineament that could be the southeastern
extension of the Crevier dike. The Samaqua intrusive is part of the
Saguenay-Waswanipi structural corridor that includes the
Saint-Honoré carbonatites (Niobec) and Crevier alkaline complex in
the Grenville region and the Lac Shortt and Montviel carbonatite in
the Abitibi region.
Map: Magnetic geophysical response of the Sasguenay-Waswanipi
structural corridor
(http://media3.marketwire.com/docs/952675e.pdf)
Marc Boisvert, an engineering geologist and the qualified person
as defined in National Instrument 43-101, has reviewed the
technical and scientific content of this press release.
About MDN (TSX:MDN)
MDN Inc. is a mining exploration and development company with
properties in Quebec and Tanzania. In Quebec, MDN holds a 72.5%
interest in Crevier Minerals Inc., which owns an NI 43-101
niobium-tantalum resource that is presently undergoing a
feasibility study.
Forward-Looking Statements
Other than statements of historical fact, all statements in this
release that address events or developments that the Company
expects to occur are forward-looking statements. Although the
Company believes that the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
including but not limited to, Such statements are not guarantees of
future performance, and actual results may differ materially from
those in the 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 as such, the
forward-looking statements in this press release should not be
unduly relied upon. These statements speak only as of the date of
this press release.
Follow us on Twitter: http://twitter.com/MDN_INC
RSS: http://www.mdn-mines.com/en/rss/
Claude Dufresne, Ing.President & CEOMDN Inc.514 866-6500,
Ext. 221cdufresne@mdn-mines.comwww.mdn-mines.com