MDN Inc.: Update on the Exploration Program on Samaqua
December 15, 2014 (Source: Marketwired) — MDN Inc. (TSX:MDN) (the “Company”) wishes to make an update on the exploration activities on its wholly-owned Samaqua property. As mentioned in the October 15th company press release, the high definition magnetic survey analysis revealed the presence of several targets of interest. The Company also completed an induced-polarization ground geophysical survey in November which allowed to target new structures and to define the previously identified targets.
The Company is currently waiting for the permit to start the drilling activities on Samaqua while the service providers are preparing to begin. A total of 1,500m of drilling is intended and the first hole is scheduled to be drilled beginning of January 2015.
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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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