January 30, 2015 08:30 ET
MDN Inc.: Start of Drilling Program on Samaqua
MONTREAL, QUEBEC–(Marketwired – Jan. 30, 2015) – MDN Inc. (TSX:MDN) (the “Company”) wishes to make an update on the exploration activities on its wholly-owned Samaqua property.
As planned and mentioned in the December 15th company press release, the drilling works has commenced on Samaqua. A minimum of eight holes will be drilled for a total of 1,500m on the previously identified targets. The targets were selected following the results of the high definition airborne magnetic survey and the induced-polarisation geophysical survey. The drilling will be done by Chibougamau Diamond Drilling under the supervision of IOS Services Geoscientifiques from the Saguenay – Lac Saint-Jean region.
“The drilling will last over two weeks and should enable us to confirm the presence of a carbonatite and to reveal the niobium potential of the propriety”, commented Claude Dufresne, President and CEO. “The results will be available toward the end of the first quarter”, M. Dufresne added.
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 a NI 43-101 niobium-tantalum resource that is presently undergoing a feasibility study.
This press release contains forward-looking statements. 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. 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.
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