Ikungu East: 15 km of ground to explore
Wholly-owned by MDN, the Ikungu East property covers a 133 km2 area and is the eastern extension of the volcanic belt hosting the Ikungu gold zone. The work program will be aimed at locating drill targets of similar quality to those at Ikungu. Mapping, geophysical surveying and soil sampling are planned for 2013.
Nikonga: a new discovery in Tanzania
Work in 2012 led to the drill discovery of new gold zones based on intersections in holes NKD-02 (10.87 g/t Au over 4.9 m and 12.3 g/t Au over 4.2 m) and NKD-05 (9.88 g/t Au over 4.2 m).
In 2012, MDN obtained the prospecting license to the west of the discovery, which opens up more than seven kilometres to the west of the gold-bearing horizon to exploration. In the first three quarters of 2013, MDN will do the basic work required to identify drill targets on the western extension. Results to date suggest similarities with the Timmins camp, one of the most prolific gold mining camps in Canada.
Crevier: continued development
The higher tantalum demand and prices seen in the past two years are positive developments for the Crevier project.
Based on the results of metallurgical testing done in 2012, the Company plans to modify the base scenario of the 2010 preliminary economic assessment to maximize the economic parameters.
In 2013, the Company will continue to seek strategic and financial partner. Funding for the Crevier project development will no longer be provided by MDN equity financings, as future development will be funded through Crevier Minerals Inc., a private company in which MDN holds a 72.5% interest.
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Other than statements of historical fact, all statements in this release that address events or developments that the Company expects to occur are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, 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, which also provides additional general assumptions in connection with these statements. 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.
Marc Boisvert, Ing.
President and Chief Executive Officer
514 866-6500, Ext 221
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