MDN Inc.
TSX : MDN

MDN Inc.

August 23, 2007 11:08 ET

MDN Inc.: Acquisition in Normetal Area-Abitibi

MONTREAL, QUEBEC--(Marketwire - Aug. 23, 2007) - MDN Inc. ("MDN") (TSX:MDN) is pleased to announce the signature of a letter of intent with SOQUEM Inc. ('SOQUEM') for the purpose of acquiring a 50% interest in the Des Meloizes property located in the Normetal area in Abitibi, north of Quebec.

The Des Meloizes property includes 109 mining claims covering 4,413 hectares. MDN can acquire 50% of the property by investing $500,000 in exploration before December 31, 2008.

The Des Meloizes property is located at less than 2 km of the old Normetal mine. Its geological environment is favourable to the presence of volcanogenic massive sulphides (VMS) poly-metallic deposits. The mineralised horizon of the old Normetal mine is well identified on a distance of at least 5 km inside Des Meloizes. Between 1937 and 1975, the Normetal mine produced 10.2 million tons of ore with an average content of 5.33% Zinc (Zn), 2.19% Copper (Cu) and 65.36 g/t Silver (Ag).

An exploration program is scheduled for September 2007, to drill EM anomalies recently identified by SOQUEM, but never tested before. In total, seven targets could be drilled for a budget of $500,000.

MDN Inc. is a mining exploration company with its head office in Montreal, Quebec (Canada). Its main exploration activities are carried out in Quebec and Tanzania. In addition to its 30% participation interest in the Tulawaka Gold Mine, MDN holds a controlling interest in 20 mineral licenses around Tulawaka, including four gold projects which are currently undergoing a significant drilling program.

Contact Information

  • MDN Inc.
    Paul-A. Girard
    President and CEO
    514-866-6500
    or
    MDN Inc.
    Dominique Fournier, Ph.D
    Vice-President, Exploration
    514-866-6500
    or
    MDN Inc.
    Richard Corbo
    Corporate Development
    .514-866-6500
    www.mdn-mines.com