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also saw this press release regarding mdn gold and diagnos, inc
Jun 26, 2008 05:58AM
Source: Diagnos Inc.
DIAGNOS Joins MDN to Develop Gold Targets in Tanzania Thursday June 26, 9:00 am ET
BROSSARD, QUEBEC--(Marketwire - June 26, 2008) - DIAGNOS inc. ("DIAGNOS" or the "Corporation") (VENTURE TSX:ADK), a leader in the use of artificial intelligence ("AI") and advanced knowledge extraction techniques, announced today the signature of an agreement for the use of its CARDS (Computer Aided Resource Detection Software) system to generate potential exploration targets on MDN (TSX:MDN - News) properties in Tulawaka region, in Tanzania. The agreement consists of the right to use the service for a fee of $150,000 CDN and a success bonus in common shares of MDN.
"With the close collaboration of Dr Dominique Fournier, Vice President - Exploration for MDN Inc., we decided to model three gold signatures corresponding to the different geologic contexts present on the MDN exploration permits. Distinct gold signatures will be generated for high-grade quartz veins (Tulawaka East type), for volcanic rock-gabbro contacts, with lesser grades, (Tulawaka West style) and for mineralization associated with granodiorites (Isambara/Viyonza type)", declared Mario Justino, Manager - Geology for DIAGNOS.
In Tanzania, MDN holds a majority interest in 28 exploration permits around Tulawaka and in two other permits in the Ikungu sector, in addition to its 30% participation interest in the Tulawaka Gold Mine.
DIAGNOS can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, mathematics, as well as remote sensing and image interpretation. The Corporation's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success rate of mining and oil and gas companies. For further information, please visit our Website at www.diagnos.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Chairman and CEO
450-678-8882, ext. 224
Vice-President - Business Development
450-678-8882, ext. 222