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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   11/01/2016
 
MDN & Xinye forward agreement over Tanzania projects
 

MDN Inc. has announced that Sichuan Xinye Investment Corporation of Mining and Exploration has informed of its intention to continue to the next step in the establishment of a joint venture, including the acquisition option, on the Ikungu & Ikungu East properties in Tanzania. 
 
Following the signing of a definitive agreement, a first phase lasting 18 months will consist in Xinye spending US$2M in exploration work, thus freeing 22% of the interests in the properties. 
 
The agreement with Xinye implies a total investment of US$7M in exploration work on the properties over three phases and the companys has the option to acquire 100% of the property.
 
XINYE is a subsidiary of Sichuan Bureau of Metallurgical Geology and Exploration, a Chinese state-owned company of approximately 6,500 employees.

Both projects are located in the Lake Victoria Goldfield area, 135 kilometers northeast of Mwanza, the second largest city of Tanzania.

The Ikungu project, with its 2-km long by 300-m deep gold zone, is one of the most advanced exploration projects in Tanzania.


 
 
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