MDN: 9.88 g/t Gold at 4.2m on Nikonga Project in Tanzania

MDN (TSX:MDN) confirmed the discovery of gold on it’s wholly-owned  Nikonga gold project in Tanzania. Results from the second drill campaign revealed results of 9.88 g/t gold at 4/2m and 1.73 g/t gold a t 12.35 m.

As quoted in the press release:

 The drilling results from holes NKD-05 (9.88 g/t Au / 4.2 m) and NKD-04 (1.73 g/t Au / 12.35 m including 17.35 g/t Au / 1 m) confirm MDN’s drilling discovery of NKD-02 with 12.3 g/t Au / 4.2 m and 10.9 g/t Au / 4.9 m (press release dated March 27, 2012) on the Kezeria Main zone. In addition, drilling hole IKD-07 (1.39 g/t Au /2.6m and 2.6 g/t Au / 3.0m) adjacent to NKRC-14 (14.5 g/t Au on 2.00 m and 9.34 g/t Au on 1.0 m) confirms the Kezeria North structure located 500 meters further north of Kezeria Main.

Vice President of Exploration, Marc Boisvert, commented:

We are very satisfied with the drilling results obtained as of today on this property, which until our involvement in 2011 had not been the object of any drilling programs. Additional exploration works could indicate that the Kezeria Main and Kezeria North zones may be part of the same corridor of deformation measuring 900 to 1000 m in width, which makes it an important structure able to contain several gold bearing shear zones adjacent of one another. We believe that this property offers good potential justifying the pursuit of further exploration works.

Click here to read the full report.