Aug 20 2014
MDN Inc. is pleased to confirm the start of the previously announced exploration program on its wholly-owned Samaqua property.
The property is located north of Girardville in the Saguenay-Lac-Saint-Jean region of Quebec, Canada, next to the niobium and tantalum Crevier project owned 72.5% by MDN inc and 27.5% by Niobec inc, a subsidiary of Iamgold inc.
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 and often the case with mineral deposits associated with carbonatites. In the case of Niobec, the core corresponds to a niobium carbonatite with a rare-earth-rich centre.
The objective of the program is to determine the presence of a mineralized carbonatite. The results will be announced as soon as available and will extend over a period of 4 to 5 months.
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.
Source: http://www.mdn-mines.com/