Gold Tang Plc signs drilling contract with PDRM in Mali
(firmenpresse) -
Gold Tang Plc signs drilling contract with PDRM in Mali
Medou Mining Corporation, a 100% owned subsidiary of Gold Tang PLC, (”Gold Tang” or the “Company”) (Frankfurt: 5GT) is pleased to announce that it has signed an exciting new contract with an exploration and drilling company by the name of PDRM in Mali, Africa. PDRM was established in 1990 with a mission to carry out internal development for the National Directorate of Geology and Mines (DNGM) and for third parties on request. The exploration branch carries out all works related to geology and prospecting by use of geological, geochemical and geophysical methods as well as drilling and surveying work.
PDRM will take complete responsibility for the methodical and conscientious exploration of the site.
The first stages of the project will include:
•Geochemical sampling on a net area of 400m X 100m with a total of 3,200 sampling
•Geophysical sampling on a net area of 400m X 50m with a total of 11,000 units
•Study and sampling of artisanal mining area on the site
•Sub-surface work with a volume of 1000m3
•Survey at the tarrier 2,500m Linear
•RC Survey 3,000m Linear
•RAB Survey 1,000m Linear
Gold Tang PLC is gold exploration company that is acquiring mining assets in Africa. It focuses on exploration, the most rewarding stage, offering great growth potential for the shareholders. Risks involved in the exploration business are mitigated by adopting the acquisition business model, which allows it to be actively involved in the available projects without dilution. Gold Tang PLC is presently undertaking projects in Medou Mines in Mali, with considerable deposits of Gold, copper, lithium, tin, tungsten, nickel, platinum and uranium.
Gold Tang PLC, established in 2011 endeavours to be a world leader in gold mining with an aim to provide its customers, investors and stakeholders with the highest level of quality product and returns on investment and has now signed this new contract to commence drilling exploration work on a promising site located in Yanfolila, in the Sikasso Region of Mali, Africa.
Gold Tang are dedicated to providing the highest levels of professional service and are confident that its abilities and expertise in these areas, along with this new relationship with PDRM, will achieve the best possible outcomes for all interested parties.
Cautionary Statement regarding Forward-Looking Information
Statements in this news release are forward-looking statements that are based on current expectations. Although we believe our expectations are based on reasonable assumptions, any forward-looking statements, by their very nature, involve risks and uncertainties and may be influenced by factors that could cause actual outcomes and results to be materially different from those predicted. Important factors that could cause actual results to differ materially from those in the forward-looking statements include results of operations, market conditions, capital needs and uses, successful completion of the project and other risks and uncertainties that are beyond the Company’s control. Any forward-looking statement speaks only as of the date on which such statement is made and the Company undertakes no obligation to correct or update forward-looking information except as required by law.
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Datum: 29.05.2012 - 07:33 Uhr
Sprache: Deutsch
News-ID 150506
Anzahl Zeichen: 3616
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Wien
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Business News
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