MDN Releases Second Drilling Program Results from Nikonga Gold Project

MDN, a mining exploration and development firm, has reported the second drill program results from its 100%-owned Nikonga gold project located in Tanzania. The project is situated 40 km towards the southeastern part of the Tulawaka gold mine.

The company intersected 17.35 g/t gold over 1 m and 1.73 g/t gold over 12.35 m in hole NKD-04; 9.88 g/t gold over 4.2 m in hole NKD-05; and 12.3 g/t gold over 4.2 m and 10.9 g/t gold over 4.9 m in hole NKD-02 at the Kezeria Main zone.

The drill holes IKD-07, intersecting 2.6 g/t gold over 3.0 m and 1.39 g/t gold over 2.6 m, located near to NKRC-14, including 14.5 g/t gold over 2.00 m and 9.34 g/t gold over 1.0 m, validates the Kezeria North structure that is situated 500 m further towards the northern part of Kezeria Main.

MDM’s VP for exploration, Marc Boisvert stated that the company is delighted to receive the drill program results from this property. Further exploration programs may show that the Kezeria North and Kezeria Main zones may bea portion of the similar deformation corridor that measures a thickness from 900 to 1000 m. The company considers that this gold property provides good prospective, which validates the pursuit of additional exploration works.

The analysis of the exploration results shows a deformation corridor together with a number of gold-bearing shear zones. The Kezeria Main zone features a high gold grade, when compared to that of Tulawaka situated 40 km northwest. The magnetic survey results indicate that the presence of this prospective gold corridor may be over 5 km on the property.

Future works will target geophysical surveys, analysis and mapping to better grasp the property’s geological structures and to concentrate on upcoming drill campaigns. The company tested the samples at the SGS Laboratory of Mwanza in Tanzania.

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