VANCOUVER, British Columbia, Oct. 25, 2004 (PRIMEZONE) -- Madison Exploration Inc. (Pink Sheets:MDEX) currently has land staked out for initial exploration, in which tests indicate could be one of the most valuable finds of diamonds in Canada.
MDEX believes the Scout Lake Dyke, near Lisieux, Saskatchewan, may be potentially a very significant find of diamonds. The Eminent Engineer, Dr. J.H. Montgomery, who currently resides as Director of five mining companies; Almaden Resources, Abitibi Mining, Sedex Mining, Anglo Mining and Better Resources, and was a Founding Director of Western Garnet Corporation, has identified and entered into an agreement with MDEX for the continued exploration of the Scout Lake Dyke location, for which Dr. Montgomery believes could be a very strong target for one of the largest deposits of diamonds in the Saskatchewan area. MDEX is the most active exploration expert corporation in Southern Saskatchewan, one of two areas with strong diamond potential as defined by the Saskatchewan Geological Survey. Visit: www.madisonexploration.com.
Canada is the number three producer of diamonds in the world. Many analysts today believe Canada very shortly, will become the largest producer of diamonds. Within Canada, the Province of Saskatchewan ranks second in the Northwest Territories in funds committed for diamond exploration. Dr. Montgomery has spent over 10 years in this region, and has an extensive background of over 300 mineral investigations in North America, South America, Africa, Europe and Asia. Very strong successful investigations over the last 10 years show a successful pattern of information pointing to a very large find of diamonds in this area. Visit: www.madisonexploration.com.
One of the methods Dr. Montgomery uses is the Mobile Metal Ions (MMI) technology, a soil geochemistry which detects metal ions through considerable depths of overburden, directing the potential path to finds of diamonds. MMI is one of the best new mining technology advances in locating these exploration finds of diamonds. The Scout Lake Dyke recently had very successful results for MMI when tested for diamond potential.
MDEX believes the Scout Lake property and its two other exploration targets will result in tremendous corporate stockholder value for the shareholders over the near future. De Beers Canada is currently active in the area partnering with Kensington Resources. Visit: www.madisonexploration.com.