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Friday, 20th March 2009 (869 views)

MDN has reported that it has resumed exploration work at its Isambara project in Tanzania.

The company stated in an update that "substantial progress" had been made at the property in the identification of gold-bearing zones.

MDN has carried out further interpretation of its geological model and compiled available data, discovering that the Isambara gold-bearing zones are oriented at 310 degrees and dip north-east.

According to MDN, there are "obvious similarities" between the geometry and sinistral displacements of the gold-bearing structure of the Tuluwaka gold mine and the Isambara project.

Marc Boisvert, the company's vice president of exploration, stated: "One of the objectives of the 2009 exploration programme will thus be to ascertain the continuity in high grades within the same structure."

Based in Montreal, mining exploration firm MDN is focused on exploration activities in Quebec and Tanzania, where it holds a majority interest in 35 mineral licenses surrounding Tulawaka and a 30 per cent interest in the gold mine.

 

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