As expected MDHM news out...
Buy out or partner agreement will be next.
Lakers
Friday June 18, 1:28 pm Eastern Time
Company Press Release
Medinah Mining, Inc. Announces the
Discovery of a New High-grade Gold
Vein At the Alto De Lipangue
Property, Chile
LAKE ELSINORE, Calif.--(BUSINESS WIRE)--June 18, 1999--The Recent Diamond-drilling
Program At Medinah's Las Dos Marias Mining Project Intersected a Shear/vein Structure
Containing High-grade Gold. the Vein is 7 Meters Wide and Averaged 37.3 Grams (1.2 Ounces) of
Gold Per Tonne Over 5 Meters. a 1-Meter Section Assayed 122.2 Grams (3.9 Ounces) Per Tonne
of Gold and 52.2 Grams (1.6 Ounces) Per Tonne of Silver. Company Geologist, Mr. Gordon
House, P.geo., in His Report June 7, 1999, has Recommended 13 Drill Holes Over a Strike Length
of 600 Meters to Extend the Discovery Zone. Should the Vein be Consistent in Width and Grade
Over the 600 Meters Strike Length, $200 Million in Gold Reserves Would be Inferred.
Mr. House Indicates That There Should Exist a Series of These Shear Vein Structures in the Ddh
Dm99-02 Area, as Well as At the Discovery Hole Ddh L99-03, At Alto De Lipangue. During a
Recent Reconnaissance of the Millalelfun and Gordon Claim Areas, Sr. Juan Jose Quijano and an
Independent Geologist Discovered a Large New Shear-type Vein Less Than 1 Km From the Alto
De Lipangue Ddh L99-03. the Vein was Observed to be At Least a Kilometer in Length and
Returned Assays of 77.5 Grams (2.5 Ounces) of Gold Per Tonne.
This New Discovery Confirms Gordon House's Theory of the Existence of a Series of These
Spectacular High-grade Veins and Also Indicates That the High-grade Gold Zones Encountered At
Las Dos Marias Also Occur in the Copper-gold Rich Alto De Lipangue Breccia Area.
On behalf of the Board of Directors
Per: Larry Regis, President
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
Mining, 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 could
differ materially from those anticipate 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.
Contact:
For Further Information,
RGM Communications Inc.
1-800-547-9375
or
Access the Web Site At medinahmining.com
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