|By Marketwired .||
|February 8, 2013 01:56 PM EST||
TORONTO, ONTARIO -- (Marketwire) -- 02/08/13 -- Mahdia Gold Corp. (CNSX:MGD) ("Mahdia" or the "Company") is pleased to announce an operational update summarizing 2012 and January, 2013.
Mahdia had a very active twelve months of activities since the Omai property was acquired in January 2012.
Milestones include: the initial receipt of the Prospecting License in January 2012; assumption of field operations; design and commencement of systematic fieldwork and construction including, the rehabilitation of dormitories, admin buildings, workshops and workspaces to support exploration and operations; and establishing a secure perimeter to allow for peaceful exploration and development operations in the area. The Company's professional security team has performed an exemplary service in establishing and maintaining control in support of the program.
The Company inherited 105,000 meters of historical drilling results from the previous operator and has been working to validate a comprehensive database of geological and geochemical results and historic prospecting and mining information. This data has substantial value and in conjunction with the existing infrastructure, represents a major accelerant to testing and development, contributing to an increase in the potential value of the Omai property.
On initial review of this data, the potential for substantial expansion of the known historical deposits at Wenot and Fennell was evident, and the phase I program was designed jointly with Mahdia's engineering partner to verify the database, confirm the potential for expansion and prepare a National Instrument 43-101 compliant resource estimate. These objectives were incorporated in the Company's diamond drilling program and a very extensive effort was undertaken to rehabilitate the historical core in the target areas. While this process requires considerable time and geological work, it represents a substantial saving relative to the cost of reproducing these intercepts with new drill-holes. A significant component of Mahdia's early investment in the project included engineering consulting, the establishment and maintenance of compliant quality assurance and quality control, and the development of a locally based technical field support network in Georgetown and Linden.
During this period, Mahdia continues to study the historical data and the new data of the property, and evaluate the targets.
The forensic core rehabilitation program was very successful in that about 80% of the 35,000 meters of deep Fennell core were rehabilitated and re-logged, and are being selectively resampled to validate that portion of the database without incurring new drilling expenditure. This has allowed the Company to redirect its drilling, to optimize high -grade targets within the Fennell stock and drill deeper to expand this very substantial mineralized body. The objective of validating this target for compliance purposes has been superseded by a focus on growth and grade optimization.
The geological fieldwork completed at Omai also identified significant superficial deposits that were documented in work by former operators, but not developed. They include lateritic and deep alluvial deposits, a significant stockpile complex which shall be tested for its gold content and economic value, and some more traditional exploration targets based on geochemical data and auger drilling results. Collectively these new targets represent a substantial addition to the exploration and development arena, with the additional advantage of low evaluation development and (if the grades meet expectations) operating costs.
The Company further recognized (through the Sasso option agreement), in its decision to act on the approximately 21,800 acres that expands the Omai property south of the Essequibo River, the need to continue growth beyond the 7,244 acres of the Omai Prospecting License. The long-term resource growth is part of the plan that will advance the Omai district from a Prospecting License to a fully matured Mining License and a major, integrated mining and processing complex that will benefit in stages from all of these targets.
The Company recognized a need to expand and enhance its management team and has taken material steps to do so. The Company has welcomed John Reynolds, Donald Gordon, John Martin, Michael Galloro, and Andre Douchane in their various capacities to assist in Mahdia's governance, growth plans and efficiencies.
In 2013 the Company will focus its efforts on:
-- Commencement of production in the Shallow Flats area high grade materials, through an agreement with Roraima -- Testing of mineralization of the stockpiled material left behind by the previous mine operator -- Completion of the prefeasibility study, followed by a feasibility study in 2013 -- Establishment of a production plant for mineralized stockpile -- Establishment and implementation of the next phase of the exploration program at the Wenot and Fennell Pits -- National Instrument 43-101 compliant resource estimate
Mr. Bending manages Mahdia's exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised and approved the preparation of the technical information in this release.
For additional information including a photo library showing the advancement of activities at the Omai mine site please visit the Company's website at www.mahdiagold.com.
About Mahdia Gold Corp.
Mahdia is a Canadian-based gold exploration company with active gold prospects in Guyana, South America.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CNSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
Sep. 2, 2015 11:15 PM EDT Reads: 508
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
Sep. 2, 2015 11:15 PM EDT Reads: 215
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
Sep. 2, 2015 10:45 PM EDT Reads: 1,606
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device acce...
Sep. 2, 2015 10:00 PM EDT Reads: 305
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Sep. 2, 2015 08:00 PM EDT Reads: 835
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
Sep. 2, 2015 07:45 PM EDT Reads: 148
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what...
Sep. 2, 2015 07:15 PM EDT
eCube Systems has released NXTmonitor, a full featured application orchestration solution. NXTmonitor, which inherited the code base of NXTminder, has been extended to support multi-discipline processes and will act as a DevOps utility in a heterogeneous enterprise environment. Previously, NXTminder was packaged with NXTera middleware to configure and manage Entera and NXTera RPC servers. “Since we are widening the focus of this solution to DevOps, we felt the need to change the name to NXTmon...
Sep. 2, 2015 07:00 PM EDT Reads: 121
SYS-CON Events announced today that the "Second Containers & Microservices Expo" will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities.
Sep. 2, 2015 06:45 PM EDT Reads: 634
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
Sep. 2, 2015 06:30 PM EDT Reads: 1,657
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Sep. 2, 2015 06:00 PM EDT Reads: 463
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
Sep. 2, 2015 05:45 PM EDT Reads: 121
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Sep. 2, 2015 05:30 PM EDT Reads: 269
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...
Sep. 2, 2015 05:00 PM EDT Reads: 427
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Sep. 2, 2015 04:45 PM EDT Reads: 393