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MDN Inc. (TSX:MDN) updated on the Crevier project resource and a new NI 43-101 technical report by SGS Geostat, an independent firm.
MDN Inc. (TSX:MDN) updated on the Crevier project resource and a new NI 43-101 technical report by SGS Geostat, an independent firm.
The press release is quoted as saying:
The Crevier property is owned at 100% by Crevier Minerals Inc, a private company jointly held by MDN (67.5%) and IAMGOLD Corporation (“IAMGOLD”) (32.5%) and hosts a large niobium and tantalum deposit. The resource update follows a 6,480-metre drilling program conducted on the property in the second half of 2009. Drilling was carried out in conjunction with the preparation of a Preliminary Economic Study tabled in early January, but was not included in the study economic parameters. The highlights of the new resource estimate include a 5.38% increase in niobium grade and a 17.6% increase in tantalum grade. Despite a 1.48% drop in measured and indicated tonnage, the new indicated and measured resource contains 3.8% more niobium oxide and 15.8% more tantalum oxide.
Click here to access the entire press release