MDN Reports Continuity of the MCGold Deposit to the Westadmin
1206-10-35: 1.16 g/t Au over 29.2 metres
1206-10-36: 1.18 g/t Au over 9.5 metres
1206-10-39: 1.26 g/t Au over 7.5 metres
1206-10-40: 2.05 g/t Au over 12.0 metres
MDN Inc. (“MDN”) is pleased to report the assay results for the most recent holes (1206-10-35 to 1206-10-40) drilled on its MCGold property near Chibougamau, Quebec. MDN holds an option to acquire a 50% interest in the MCGold property held by SOQUEM Inc.
The drilling shows that the high-tonnage, low-grade type mineralization extends westward. The six holes tested two sections in the western part of the deposit, where the resources for this part of the deposit are poorly defined.
– 1206-10-35 (1.16 g/t Au over 29.2 metres) and 1206-10-36 (1.18 g/t Au
over 9.5 metres) confirm the western extension of the deposit.
– 1206-10-40 (2.05 g/t Au over 12.0 metres) is an intersection located to the northwest, outside the known resource block. These results indicate the presence of another zone, and show that the deposit is open to the
northwest for the discovery of new mineralized zones.
MDN is confident that the mineralization extends to the west and northwest, and future work will be aimed at outlining the mineralized extensions. The 2010 results will be incorporated into the existing block model over the coming weeks in order to orient future exploration drilling. The goal is to determine the priority areas for the discovery of new mineralized zones.
A one-km undrilled area has already been identified between historical holes 1206-05-22 (0.79 g/t Au over 28.7m), 1206-00-03 (1.0 g/t Au over 27m) and the western edge of the deposit. (see surface map)
The samples were analysed by fire assay at the Techni-lab Laboratory in Sainte-Germaine Boule, Quebec, which is certified according to international standards. A rigorous quality controls program implemented by SOQUEM included the insertion of blank or standard control samples every 50 samples, and systematic requests for resampling of the first pulp as well as of a second pulp prepared with the rejects for gold values higher than 0.5 g/t. The technical and scientific information contained in this press release has been reviewed by Marc Boisvert, geologist engineer and Vice President, Exploration, who acts as a qualified person in accordance with National Instrument 43-101.