Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
TORONTO, ONTARIO–(Marketwire – Jan. 9, 2012) – Mahdia Gold Corp. (CNSX:MGD) (“MGC”) is a publicly listed corporation on the Canadian National Stock Exchange (“CNSX”) and trades under the symbol MGD. MGC’s website can be found at www.mahdiagold.com. The website of the CNSX exchange is www.cnsx.ca.
Mahdia Gold is very pleased to announce that the company has formally received a notice from the Guyana Geology and Mines Commission approving Mahdia Gold’s application for a Prospecting Licence for gold and precious metals in the OMAI mine.
Mahdia Gold will now be able to open the OMAI mine site and begin working on the property. The Mahdia Gold executive team plans to visit the Omai mine site within the next two weeks and to soon thereafter begin activity on the property with men and machinery.
Mahdia Gold is looking forward to a long term successful program at the OMAI and is hopeful that this exercise will result in increased yield and value for all our shareholders.
Mahdia Gold is currently reviewing a draft of the AMEC geological report. A final version will be published immediately upon completion. This report focuses on the OMAI mine and will review past performance, current conditions and future potential of the mine. The AMEC geological report will serve as a guide to Mahdia Gold as we commence our operations on the Omai mine.
To view some photos of OMAI mine site infrastructure, please visit the following link:http://media3.marketwire.com/docs/109mgd_photos.jpg
Mahdia Gold Corp currently has 108,304,520 shares outstanding.
NO SECURITIES REGULATORY AUTHORITY OR STOCK EXCHANGE HAS APPROVED OR DISAPPROVED OF THE INFORMATION CONTAINED IN THIS PRESS RELEASE.
