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MDN Northern Mining: Underground Feasibility Study for Tulawaka Mine.

MONTREAL -- MDN Northern Mining (Minieres du Nord) (TSX:MDN) is pleased to report that a feasibility study for the underground mining of the East Zone gold deposit of the Tulawaka mine is underway. The East Zone deposit is being mined in an open pit that is planned to reach a depth of about 130 m. In view of the continuity of the mineralised zones beneath the pit floor, various designs for underground development are being studied and evaluated.

In order to test the characteristics and extensions of the ore zones, and to estimate the underground resources of the East Zone deposit, an additional 26 diamond drill holes were drilled in 2005 for a total length of 5,743 m. The drilling results obtained confirm the nature of the known mineralization and are being integrated in the ore deposit database.

A decision concerning the underground expansion will be made in 2006.

The Tulawaka Project is a joint-venture between MDN Northern Mining (30%) and Pangea Goldfields (70%), a wholly owned indirect subsidiary of Barrick Gold Corporation and project operator through its own Tanzanian subsidiary Pangea Minerals Ltd. The information contained in this press release was provided by the project operator.

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Publication:Business Wire
Geographic Code:1CANA
Date:Jan 10, 2006
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