Gold Play **MDXO**
Aug 25th, 2009 by beststockreport
Time for a gold play.
Take a look at Midex Gold Corp.
MDXO
Currently trading at: .37
Web Site: www.MidexGold.com
MDXO has news tonight after the bell, click the link to check it out:
http://finance.yahoo.com/news/Midex-Gold-Announces-iw-4119514602.html?x=0&.v=1
ABOUT MIDEX GOLD CORP.
MDXO is positioned to take advantage of Tanzania’s rich mineral resources by developing a select portfolio of near-term gold and diamond production projects. With the company’s network of strategic relationships with senior mining professionals and government officials in Tanzania, it is poised to identify key mining concession targets that are ready to be developed.
MIDEX’S MAGEMBE DIAMOND PROPERTY DIRECTLY ADJACENT TO DE BEERS’ WILLIAMSON (MWADUI) MINE
The Magembe Diamond Property is part of a two kilometer buffer zone surrounding the world-renown Williamson (Mwadui) Diamond Mine that was created as part of the original mine development in the 1940s and 50s. Local artisanal mining operations were previously active in recovering diamonds from surface alluvial deposits on the western boundary of the Magembe property. Because of the past local native mining activity, the recent 80 carat diamond discovery, and our 2008 exploration results, management believes there’s considerable potential for a commercially profitable diamond mine. To date a total of 41 diamonds and diamond cleavages were recovered from 12 of the 60 samples gathered during our 2008 exploration program.
WORLD’S LARGEST DIAMOND PIPE
The Williamson (Mwadui) Mine is currently owned 75% by De Beers and 25% by the Government of Tanzania, and has a production history that spans six decades. The Williamson (Mwadui) kimberlite pipe covers 360 acres and at the time of its discovery in 1940, was considered to be the largest economically exploitable pipe in the world. The mine is renown for its original source of pink diamonds and has produced notable stones including a 54-carat flawless pink diamond and a 388-carat diamond found in 1990.
Is MDXO on your radar?
As always make sure to do your own due diligence on any company mentioned…
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