MDN Inc.
TSX : MDN

MDN Inc.

February 26, 2009 12:43 ET

MDN Inc.: High-Grade Gold Samplings for Ikungu Project

Sampling results of up to 70.1 g/t gold

MONTREAL, QUEBEC--(Marketwire - Feb. 26, 2009) - MDN Inc. (TSX:MDN) has announced the first results of its exploration program for the Ikungu Project in Tanzania. The 2009 exploration program will be conducted over several months with the objective of determining the size of the mineralized zones and testing them with drilling.

The geological team conducted a first sampling last January and results were found to be encouraging. In the eastern sector, an average gold content of 12.04 g/t was obtained based on 11 grab samples while the average grade found in the West-2 sector was 56.8 g/t gold based on 3 samples. The results for other sectors where samples were taken were as high as 70.1 g/t gold (West-1), 1.62 g/t gold (Centre), and 35.9 g/t gold (North).



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Area Sample Number Section (m) Au Values (g/t)
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East 66521 5162 26.00
66522 18.60
66523 1.31
66524 16.90
66525 7.14
66526 14.90
66527 10.10
66528 6.64
66529 11.80
66530 0.11
66531 19.00
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Central 66532 4477 1.33
66533 1.92
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West-2 66547 3716 69.00
66548 48.70
66549 52.70
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West-1 66546 3716 70.10
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North 66545 7604 35.90
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A total of 26 rock samples were taken in four different sectors along a major mineralized area 1.7 km in length known as the Main Reef. An additional sample, taken 800 metres north of the main zone yielded a gold content of 35.9 g/t in a basalt tuff with small quartz veins. This exceptional gold showing suggests that there is a parallel zone to the main zone.

The next stages of the Ikungu exploration program will be to carry out a detailed geochemical soil survey, take further samples, particularly in the parallel zone, and conduct the compilation/cartography of the soil anomalies. Afterward, a drilling program will be undertaken as soon as possible.

The Ikungu project covers an area of 16.84 km2 on the eastern shore of Lake Victoria, and is located 20 km southwest of the town of Musoma in the Mara-Musoma greenstone belt. MDN has the option to acquire a 60% to 70% interest in the Ikungu Project from Lakota Resources Inc. (see press release dated March 12, 2008). MDN is the operator.

All samples were analyzed by fire assay at SGS Laboratories in Mwanza, Tanzania, which is certified to international standards. A rigorous program of analytical quality control implemented by MDN included control samples representing 20% of total samples.

The scientific and technical information contained in this press release was reviewed by Marc Boisvert, P. Eng., Vice President - Exploration, who is a Qualified Person as defined in National Instrument 43-101.
MDN Inc. is a mining exploration company with its head office in Montreal, Quebec. Its main exploration activities are conducted in Quebec through wholly and partly owned gold and base metal interests, and in Tanzania, through a majority interest in 35 mineral licenses surrounding Tulawaka, in addition to a 30% interest in the Tulawaka Gold Mine.

Contact Information

  • MDN Inc.
    Paul-A. Girard, President & CEO
    Marc Boisvert, P. Eng., Vice-President, Exploration
    Richard Corbo, Advisor, Corporate Development
    514-866-6500
    www.mdn-mines.com
    or
    Evolution Group
    Sylvain Archambault
    President & CEO
    514-448-4887
    www.evolutiongrp.com