Drill results MDHME??.......................................
"BULLY"!
Subject:
Stockwatch US: MDHME
Date:
Mon, 27 Dec 1999 08:52:40 -0800
From:
newsout@stockwatch.com
(Applies to: MDHME)
Medinah Mining Pulls Hot Drill Hole At Alto de Lipangue, Chile
LAKE ELSINORE, Calif., Dec 27, 1999 (BUSINESS WIRE) -- The Board of
Directors of Medinah Mining, Inc. are pleased to announce that assay
results from diamond drill hole 99-08, first of a current three-hole
program, have been received. The drill hole intersected the gold/copper
breccia pipe target at a depth of 122 meters. Drilling was stopped at
170 meters, still in mineralization and will be completed to total
depth starting the second week of January, 2000.
Assays results show that the drill hole was mineralized from 123 to 170
meters and assayed 4.80 grams gold and 0.495% copper over the entire
length of 44 meters (144.35 feet). Included in this large section was
an intersection of 9 meters (29.52 feet), from 128 to 137 meters,
grading 7.02 grams gold and 0.63% copper and a 4 meter intersection,
from 149 to 153 meters, grading 30.83 grams gold and 1.94% copper. The
drill core was assayed in one-meter increments and assayed at Acme
Analytical in Santiago, Chile. Confirmation assays to confirm these
results are pending.
The hole was spotted 50 meters south of discovery hole 99-03 and
drilled at a dip of -70(0) on an azimuth of 360 degrees due North, in
order to locate the southern extension and true width of the breccia
pipe. This intersection has confirmed the geological theory and I.P.
interpretations that the breccia pipe plunges at a steeper angle to
depth.
The Alto de Lipangue gold/copper property is located 30 kilometers
northwest of Santiago, Chile.
Note: This news release may contain certain "forward-looking
statements" within the meaning of the United States Securities Exchange
Act of 1934, as amended. All statements, other than statements of
historical fact, included in this release, including, without
limitation, statements regarding potential mineralization and reserves,
exploration results, and future plans and objectives of Medinah Energy,
Inc. are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future results could
differ materially from those anticipated in such statements, Important
factors that could cause actual results to differ materially from the
Company's expectations are disclosed under the heading "Risk Factors"
and elsewhere in documents filed from time to time with the United
States Securities and Exchange Commission and other regulatory
authorities.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: RGM Communications Inc.
800/547-9375
800/774-5133,
604/687-1414
www.medinahmining.com
businesswire.com |
