Gold Tang Plc signs drilling contract with PDRM in Mali
29.05.2012/100/5 - Medou Mining Corporation, a 1990% subsidiary of Gold Tang PLC ("Gold Tang" or the "Company") (Frankfurt: XNUMXGT), is pleased to announce that it has signed a new exciting contract with the exploration and Drilling company PDRM in Mali (Africa) was signed. PDRM was founded in XNUMX with the aim of carrying out development work for the National Directorate of Geology and Mines (DNGM) and, on request, for third parties. The exploration department is responsible for the implementation of all geological investigations and development work and carries out geological, geochemical and geophysical analyzes or boreholes and measurements for this purpose.
PDRM will be responsible for the methodological and sustainable exploration of the site.
Within the framework of the first project phases the following activities are planned:
• Geochemical sampling on an area of 400 mx 100 m with a total of 3.200 samples
• Geophysical sampling on an area of 400 mx 50 m with a total of 11.000 units
• Inspection and sampling of areas of the site where small-scale mining used to be
• Underground work on 1000 m³
• Measurement 2.500 m linear
• RC measurement 3.000 m linear
• RAB measurement 1.000 m linear
About Gold Tang PLC
Gold Tang PLC is a gold exploration company dedicated to the acquisition of mining projects in Africa, focusing on exploration as the most promising phase with tremendous growth opportunities for shareholders. The risks arising from exploration are buffered by targeting the project. With this approach, it is possible to actively participate in the available projects without having to accept dilution. Gold Tang PLC is currently working on projects in the Medou mines in Mali, where there are significant gold, copper, lithium, tin, tungsten, nickel, platinum and uranium mineralization deposits.
Since its founding in 2011, Gold Tang PLC has aspired to become a global leader in gold mining. The goal is to provide customers, investors and shareholders with the highest quality products and earnings. The new contract was signed to begin exploration drilling at a promising Yanfolila site in the Sikasso region of Mali, Africa.
Gold Tang strives to provide the highest level of professional services and is confident that its capabilities and experience in these areas and the new relationship with PDRM will provide the best possible results for all stakeholders.
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Precautionary Note Regarding Forward-Looking Information
These statements in this press release are forward-looking statements that are based on current expectations. Although we believe that our expectations are based on realistic assumptions, forward-looking statements are typically subject to risks and uncertainties and may be affected by factors that could cause actual results to differ materially from those projected. Important factors that could cause actual results to differ materially from those discussed in the forward-looking information include, but are not limited to, operating results, market conditions, capital needs and use, successful project completion and other risks and uncertainties. which are not within the sphere of influence of the company. Forward-looking statements relate solely to the time at which they are prepared or made. The Company is under no obligation to correct or update any forward-looking statements except as required by law.
