RE: significantthis is it. The market seems not to understand the potential and value of MDN. I had a longer talk with Marc Boisvert at the toronto show.
Tulawaka
already on the first page of ABG, should add further cashflow gong forward.
https://www.africanbarrickgold.com/page.html?pageID=28&pageChosen=Operations&categoryChosen=Tulawaka
exploration results and going forward for this mine is to be issued by SBG prob in late october. it has to be seen what further reserves oz have been added.
I think Tulawaka could easily operate 3+ years, as underground operation is now getting up and running and for africa we are not really at `crazy depth levels`
keep in mind,
New reserves for 2010 have replaced the gold extracted in 2009.see
https://www.mdn-mines.com/en/operations/tanzania/tulawaka/
Ikungu
https://www.mdn-mines.com/pdf/cartes/ikungu_ikd45.pdf
compare with Tulawaka - this is very similar - open pit in the making?!!
"The results for hole IKD-45 arevery significant, confirming the presence of high-grade zones withimpressive thicknesses. We see a parallel between the holes drilled todate and the results of early exploration at the Tulawaka mine, ourjoint venture property with African Barrick Gold," said Marc Boisvert,vice-president of exploration for MDN.
Hole IKD-45 lies in an undrilled 300-metre zone to the west of the2.5-kilometre-long gold-bearing structure and 160 metres west of holeIK-04 (6.74 grams per tonne gold over 2.42 metres) and 240 metres eastof hole IKD-08 (10.95 grams per tonne gold over 1.99 metres).
Gold values are associated with the presence of sulphides (over 1 percent in places), namely pyrite, chalcopyrite, pyrrhotite andarsenopyrite, and a network of small, very homogenous, regularly spacedbluish-grey quartz veins that represent a total of 10 per cent to 20 percent of the mineralized zone.
In terms of mineralization, gold values are identical to those seen inhole IKD-39 (19.26 grams per tonne Au over 1.53 metres). However, incontrast to the mineralization in hole IKD-39, here the company sees azone with a higher number of quartz veins, forming a stockwork (networkof veinlets) where more intense, pervasive silicification superimposesand masks the schistosity.
Hole IKD-44 is presently being sampled, and holes IKD-46 and IKD-47 are being drilled.
Crevier
It hosts a niobium and tantalum mineralization estimated at 25.8 million metric tons of ore.
MDN is very satisfied with the results to date and is continuing todevelop the project by investing in a feasibility study, which will becompleted in the first quarter of 2011.
MCGold
The MCGold property (also known as MOP II) Au-Cu deposit, with inferredresources of 3 240 000 tonnes at 1.61 g/t Au using a 1 g/t cut-off, ishosted by the quartz-feldspar porphyry and neighbouring surroundingrocks.
here it has to be seen if they are able to increase the inferred resource to 500k+ oz gol