MDN Inc. (TSX:MDN) has confirmed the start of its previously announced exploration program at its 100 percent owned Samaqua property. Samaqua is located in the Saguenay-Lac-Saint-Jean region of Quebec, Canada.
As quoted in the press release:
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.