GREY:MHGPF - Post by User
Post by
causaon Aug 21, 2006 11:08am
208 Views
Post# 11251435
Coal feasibility study...
Coal feasibility study...dorin Goldfields Inc (C-MGD) - News Release
Mandorin asks Snowden for opinion on feasibility study
2006-08-21 09:42 ET - News Release
Shares issued 103,093,623
MGD Close 2006-08-18 C$ 0.045
Mr. Malcolm Stevens reports
MANDORIN APPOINTS SNOWDEN FOR KIEPERSOL COAL FEASIBILITY STUDY
Mandorin Goldfields Inc. has appointed Snowden to conduct an independent review of the feasibility study on the Kiepersol colliery project delivered to Mandorin on Dec. 15, 2005, as reported in Stockwatch Dec. 19, 2005.
The feasibility study is being undertaken by Duration Resources Ltd.'s 100-per-cent-owned subsidiary Duration Coal Ltd. DCL is the holding company for coal projects to be acquired in Southern Africa. MGD has a 46-per-cent direct interest in DRL and voting control over an additional 46 per cent of the shares.
Snowden is a leading international consulting firm with extensive capabilities in coal exploration, resource and reserve estimation, mining and geotechnical engineering, reconciliation and project valuation. Snowden's experienced team of consultants has worked on coal projects in a diverse range of geological, mineralogical and physical environments throughout the world. Snowden is committed to delivering a quality result, and ensures this by subjecting work to peer review, both internally and, when required, by external technical auditors.
In order to complete this work, Snowden will:
* review the documentation provided;
* complete analysis of the data provided; and
* provide a report on the findings.
Snowden will complete this work by the end of August, 2006.
We seek Safe Harbor.