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SGF Shore Gold

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Share Name Share Symbol Market Type
Shore Gold TSXV:SGF TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

MDN Inc.: VMS Context Confirmed by Drilling at Des Meloizes

15/04/2008 1:30pm

Marketwired Canada


MDN Inc. ("MDN")(TSX:MDN) is pleased to release the results on a drill program
completed in February on the Des Meloizes property, covering 4,413 hectares at
about 2 km southeast from the Normetal mine (Abitibi).


The mineralised horizon of the old Normetal mine is well identified on a
distance of at least 5 km inside Des Meloizes at proximity from the Normetal
regional fault. A drill program of 11 diamond drill holes (DDH) totaling 4,210m
targeted InfiniTEM anomalies from a survey completed in 2007 located north of
the Normetal mine horizon that were interpreted as favourable to the presence of
volcanogenic massive sulphides (VMS) poly-metallic deposits. All drill holes but
two could be surveyed with down-hole InfiniTEM to locate anomalies near the
drill holes.


The drill holes confirmed the VMS potential of Des Meloizes with an identified
favourable geological context and, amongst others, an intersection of 4.5m @
1.05% Zn. The surface EM anomalies are explained by the presence of graphitic
argillites, sometimes carbonated, mineralized in pyrite near the Normetal
deformation zone or by the presence of sulphides within felsic volcaniclastics
for holes below the zone.


Downhole InfiniTEM anomalies identified three new off-hole anomalies and two
deeper anomalies that will deserve follow-up drilling.


With this program, MDN fulfilled its $500,000 commitment to acquire 50% of the
property from its owner, SOQUEM, also the operator of the exploration program.
Additional work is planned in 2008 at Des Meloizes. The exploration program was
carried under the supervision of Yvon Trudeau, geological engineer, from SOQUEM.
Ted Goettel, geologist, qualified person under NI 43-101, reviewed for MDN the
data provided by the operator and the press release. All samples were analyzed
at the Ste-Germaine Techni-lab laboratory.


MDN Inc. is a Montreal-based Canadian exploration company that holds a 30%
participation in the Tulawaka Gold Mine (Tanzania). Its main exploration
activities are carried out in Quebec through gold and base metal interests and
in Tanzania through a majority interest in 28 adjacent mineral licenses in
addition to a 30% interest in the Tulawaka Gold Mine.


SOQUEM is a wholly-owned subsidiary of Societe generale de financement du Quebec
("SGF"). The SGF, the Quebec industrial and financial holding company, has as
its mission to undertake economic development projects in the industrial sector
in cooperation with partners and in compliance with the economic development
policies of the Government of Quebec.


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